Rivian will get one other main spherical of funding. Honda goes all-hybrid for an additional one in all its fashions—however possibly not for the U.S. And Kia previews a number of of its upcoming EVs. This and extra, right here at Inexperienced Automobile Stories.
Kia has revealed extra about its push for extra electrical automobiles—together with 11 EVs by 2025 and 7 resulting from be launched by 2027 on a brand new devoted EV platform. That included a shadowy preview of its first few standalone EVs, together with the sporty crossover with a 300-mile vary and 20-minute DC fast-charging due later this yr.
Honda has revealed that the next-generation model of its small HR-V crossover will be hybrid-only for Europe and Japan. As for the U.S., it’s sophisticated; Honda is creating a separate HR-V for America, and it gained’t but say if it’s embracing hybrid tech to the identical diploma.
Rivian this morning revealed that it’s closed one other $2.65 billion funding—including as much as a complete of $8 billion in private investment before the EV truck hopeful has delivered a single vehicle. Is Rivian the one one of many EV startups that hasn’t thought-about a SPAC?
And over at Motor Authority, the autonomous tech firm Cruise has added Microsoft to its list of major investors. The Washington-based tech firm invested $2 billion, whereas Cruise will use Microsoft’s Azure platform for cloud computing. Different main Cruise traders embody GM and Honda, and GM plans to make the Cruise Origin autonomous shuttle in Hamtramck, Michigan.
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