News

Ford Decides to Double Production Plan for EVs

Ford announced this week a plan to double its electric vehicle production. The company originally planned to build 300,000 units by 2023, but has ramped that number up to 600,000. Additionally, the company has secured a semiconductor contract with GlobalFoundries to support the manufacturing plan. Chief Executive Jim Farley tweeted his excitement for the plan, which is …
News

Lucid Group Completes Another Strong IPO for EV Companies

Investors continue to show strong support for electric vehicle companies. Lucid Group debuted Wednesday on the NASDAQ and became the eighth-most valuable automaker globally today.  With a market cap of about $80 billion, Lucid became the eighth-most highly valued automaker in the world, topping Ford. The strong showing comes a week after Rivian also wowed electric …
News

SpaceX Launches Crew-3 to ISS

SpaceX launched four astronauts bound for the International Space Station into orbit Wednesday. The Crew-3 launch from NASA’s Kennedy Space Center came days after the Crew-2 astronauts returned to earth after six months at ISS. The Crew-3 astronauts included NASA’s Raja Chari, Tom Marshburn, and Kayla Barron, as well as the European Space Agency’s Matthias …