Lifeboat Foundation

Joby Aviation has been cleared by the FAA (Federal Aviation Authority) to start flight tests on its first production prototype air taxi, the company wrote in a press release. It’s a large step in the company’s aim to start shipping the eVTOL aircraft (electric vertical takeoff and landing) to customers in 2024 and launch an air taxi service by 2025.

“The aircraft will now undergo initial flight testing before being delivered to Edwards Air Force Base, California, where it will be used to demonstrate a range of potential logistics use cases,” Joby wrote.

Continue reading “Joby Aviation’s first production air taxi cleared for flight tests” »

Amazon has begun rolling out its custom electric delivery vans from Rivian in Europe, the e-commerce giant said Monday. This will be Rivian’s first commercial shipment of vans outside the United States.

The first tranche of 300 vans will be seen on streets in Munich, Berlin and Dusseldorf in the coming weeks. Amazon already has a fleet of thousands of electric vans operating in Europe, including more than 1,000 e-vans in Germany, the company said. Amazon last year said it plans invest more than €1 billion to electrify its European transportation network.

“Amazon is committed to reaching net-zero carbon by 2040, and reducing our delivery-related emissions is a critical part of this goal,” said Rocco Bräuniger, country manager for Amazon, in a statement. “Last year we delivered more than 45 million packages in Germany with electric vans and e-cargo bikes, and these new additions from Rivian will help us deliver packages more sustainably and to more customers.”

EcoRunner Team Delft.

Range anxiety is not a term that you hear quite often these days. Electric vehicle (EV) manufacturers have ensured that their cars are now adept at traveling long distances on a single charge. However, charging times still need to catch up and offer a quicker way to get back on the road again.

SAN MATEO, Calif. — A flying car being developed for both roadways and vertical takeoff and landing capabilities is now one step closer to becoming a reality after receiving a special approval from the U.S. Federal Aviation Administration.

Alef Aeronautics, based in San Mateo, California, has been developing the Model A flying car, which is 100% electric and will carry one or two occupants.

The company envisions the car, which costs roughly $300,000, saving individuals time during the commutes with the ability to fly over stopped traffic and accidents on roadways.

Don’t know where the nearest café is? Or if it will rain today? Or even the meaning of life? Fear not, ask your e-bike.

An avant-garde company in the cycling industry has found the solution to your long lonely rides.

Continue reading “‘Bicycle with a mind’: Urtopia announces World’s first e-bike with ChatGPT” »

July 3 (Reuters) — Tesla (TSLA.O) shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working.

The day’s gains lifted the top U.S. electric-vehicle manufacturer’s market capitalization by around $57 billion to $887 billion.

At $277, the stock has already more than doubled in value this year and risen far above price targets set by analysts, prompting caution from some brokerages that margins will suffer because of the aggressive discounting spree.

July 3 (UPI) — A California startup announced its prototype flying car has been cleared for takeoff by the Federal Aviation Administration.

Alef Aeronautics said its “Model A” is the first flying vehicle that can drive on public roads and park like an average car to receive clearance for flight by the FAA.

The FAA confirmed the vehicle was given a special airworthiness certificate for purposes including research, development and exhibition.

China’s tit-for-tat trade war on technology with the US and Europe is escalating. Beijing has imposed restrictions on exporting two metals that are crucial to parts of the semiconductor, telecommunications and electric-vehicle industries. Stephen Engle reports on Bloomberg Television.
——-
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com.
Connect with us on…
Twitter: https://twitter.com/business.
Facebook: https://www.facebook.com/bloombergbusiness.
Instagram: https://www.instagram.com/bloombergbusiness/

© 1998 — 2023 Nexstar Media Group Inc. | All Rights Reserved.

\t\t\t\t.

\t.
\t\t.
\t\tTrending on NewsNation.
\t\t.
\t.