Canoo Q2 2022 report: $1 billion in sales pipeline, but only $33.8 million in cash left

American EV startup Canoo shared its latest report outlining its results for Q2 of 2022 as it continues to fight to stay out of the red in a race toward production. Canoo is now reporting another big loss for the quarter. And, although it has $1 billion in its sales pipeline, only a minority percentage of those commitments are binding under contract.

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Source: Charge Forward

Mercedes-Benz launches training program to deepen employee EV Knowledge

Luxury German automaker Mercedes-Benz is launching the Mercedes EQ experience, an immersive EV training program to deepen employee knowledge. The program aims to energize, educate, and electrify Mercedes team members around its new EV sub-brand.

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Source: Charge Forward

Senate calls USPS bluff with $3 billion for electric trucks – will it go 100% BEV?

The US Senate has allocated $3 billion in additional funding to the US Postal Service for electrification of the nation’s delivery fleet, as part of yesterday’s massive climate bill. It’s the latest move in the long saga for postal service electrification and effectively “calls USPS’s bluff” by supplying as much funding as the USPS claimed a 100% BEV fleet would cost.

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Source: Charge Forward

Baidu CEO says autonomous tech from ‘Robocar’ brand JIDU will be a generation ahead of Tesla

During its inaugural partner’s conference in Shanghai, autonomous-centric robotic car brand JIDU shared details of its lofty production expansion goals overseas. Furthermore, the CEO of parent company Baidu, said JIDU’s autonomous driving technology will “lead the Tesla generation.”

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Source: Charge Forward

Lucid Motors gets dark with sinister new ‘Stealth’ exterior upgrade for the Air

Following a less than stellar Q2 financial report last week, Lucid Motors is diverting the public’s eyes to a shiny new exterior design add-on for the Air sedan called “Stealth Look.” This darker, sportier design replaces thirty-five exterior components on the Air and will come as a choosable option to compliment any of the five color options currently available.

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Source: Charge Forward

Stellantis achieves record first half 2022 earnings, BEV sales climb nearly 50% YOY

One of the largest global automakers, Stellantis, posted its first-half earnings for 2022. Stellantis’s electrification strategy is paying off so far as it takes second place globally in BEV and low emission vehicle (LEV) sales.

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Source: Charge Forward