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X @The Wall Street Journal
The Wall Street Journal· 2025-08-27 07:05
I drove an electric SUV 1,600 miles and never feared running out of juice, writes Christopher @Mims. A Great American Road Trip in an EV is now possible. https://t.co/mGhCg58JM5 ...
X @The Wall Street Journal
The Wall Street Journal· 2025-08-24 20:27
Electric Vehicle Adoption - Electric SUVs enable long-distance travel, exemplified by a 1,600-mile road trip without range anxiety [1] - The possibility of completing a Great American Road Trip using an EV is now a reality [1]
X @The Wall Street Journal
The Wall Street Journal· 2025-08-23 11:24
I drove an electric SUV 1,600 miles and never feared running out of juice, writes Christopher @Mims. A Great American Road Trip in an EV is now possible. https://t.co/lDWtEvQTk6 ...
X @Bloomberg
Bloomberg· 2025-08-11 09:33
The wait time for Xiaomi's new electric SUV has become so long, CEO Lei Jun has taken the unusual step of telling buyers to consider rival cars https://t.co/KrAzKvhhhN ...
X @Bloomberg
Bloomberg· 2025-08-06 13:44
Cadillac is hoping its new electric Optiq SUV will gain a youthful following. So far, so good, says our car critic https://t.co/sQ1EJkikUC ...
Foxconn sells former GM factory to mystery buyer after failing to make EVs
TechCrunch· 2025-08-04 18:43
Core Insights - Foxconn has sold the former GM factory after failing to establish significant electric vehicle production, marking a second major setback in its efforts to revive U.S. manufacturing [1] - The factory and land were sold for approximately $88 million, with machinery and equipment from its EV subsidiaries sold for around $287 million [2] Group 1: Factory Sale and Financials - The buyer of the factory is Crescent Dune LLC, a newly created entity in Delaware [2] - Foxconn initially purchased the factory for $230 million in 2021, intending to make it a key electric vehicle manufacturing hub in North America [4] - The total sale price for the factory and equipment amounts to $375 million [2] Group 2: Manufacturing Plans and Challenges - Despite the sale, Foxconn claims it will continue to manufacture products for customers at the Lordstown facility and remains committed to the automotive industry [3] - Reports indicate that Foxconn plans to shift focus to building AI servers at the factory [3] - Foxconn faced significant challenges with multiple electric vehicle companies it partnered with, all of which went bankrupt, including Lordstown Motors and IndiEV [4][7] Group 3: Bankruptcy Issues - Lordstown Motors filed for bankruptcy in June 2023, accusing Foxconn of financial mismanagement [7] - IndiEV also filed for bankruptcy in October 2023, with minimal funds remaining [7] - Fisker Inc, another company Foxconn was supposed to build EVs for, filed for bankruptcy in June 2024 [7]