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Steve LeVine

Steve LeVine

Editor at The Information

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Email address
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Influence score
53
Location
United States
Languages
  • English
Covering topics
  • Automobiles

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Recent Articles

theinformation.com

The Electric: Does Tesla Really Stand to Prosper From the Trump Presidency?

Since Donald Trump won reelection as president, many investors have assumed that the chief beneficiaries would include businesses run by Elon Musk, his biggest financial backer and recently his frequent companion. Investors have pushed up the share price of Musk’s one listed business—Tesla—36% ...
theinformation.com

The Electric: Lucid, Rivian Cut Licensing Deals to Save Themselves—...

Lucid Motors CEO Peter Rawlinson is hoping to license the technology behind the electric vehicles he is developing as an additional source of revenue beyond the sale of the company’s premium EVs.In interviews I conducted with Rawlinson for a Big Read profile, he said Lucid was developing a ...
theinformation.com

Making a Beautiful, Tesla-Beating Electric Car Is a Frustrating Bus...

The other evening, a stranger told Lucid Motors CEO Peter Rawlinson that if he ever came across an electric vehicle that would go 500 miles on a charge, he’d buy it. “And I said, ‘That’s Lucid Air!’” Rawlinson recalls, referring to his company’s sleek sedan. “He said, ‘What? How long has that ...
theinformation.com

The Electric: A Stellantis Contract With a Startup Shows Rare Confi...

In a rare sign of confidence in the future of electric vehicles under President-elect Donald Trump, Stellantis has agreed to buy a six-year supply of battery-grade graphite from a new Chattanooga, Tenn., plant, enough to make roughly 300,000 EVs.
theinformation.com

The Electric: Trump Invited China’s EV Makers to Build in the U.S. ...

Campaigning for a second term as president, Donald Trump vowed repeatedly to kill laws and regulations promoted by President Joe Biden to build a U.S. electric vehicle and battery industry.
theinformation.com

Struggling Battery Maker Northvolt Misses Payment to Laid Off Emplo...

Struggling Swedish battery manufacturer Northvolt failed to pay employees of its shuttered Cuberg subsidiary a scheduled final paycheck this month, or for their remaining paid time off, as required by California law, according to four former Cuberg employees. The missed payments came as ...
theinformation.com

The Electric: Automakers Are Turning to ‘Good Enough’ EVs

For 13 years—from 2010 until 2022—General Motors sold more vehicles in China than anywhere else in the world. The ace in GM’s pocket was its premium Buicks, which Chinese consumers snapped up year after year, with sales peaking at 1.3 million cars in 2016.
theinformation.com

The Electric: Musk Warns Rivals They Will Regret Not Making Fully A...

Tesla CEO Elon Musk has staked the company’s future more clearly than ever on autonomous vehicles, saying Tesla would not make a driver-controlled car costing $25,000. In remarks to analysts Wednesday evening, he urged rivals to follow Tesla’s example and develop their own autonomous vehicles, ...
theinformation.com

The Electric: Behind the Threat to Tesla’s Optimus Robot From Toyot...

At the 1939 World’s Fair in New York, Westinghouse Electric unveiled Elektro, a 7-foot-tall robot that walked, spoke, smoked cigarettes and gestured with its arms. It was all a show—Elektro’s witty conversation flowed from phrases recorded on a vinyl disc inside its massive body. But the robot ...
theinformation.com

Exclusive From The Electric: Inside GM's Secretive Battery Lab

In 2020, General Motors CEO Mary Barra told investors, analysts and journalists how the company planned to transform itself into an electric vehicle powerhouse. The key, the executives said in a two-hour presentation, was Ultium, a proprietary new battery they said would make GM’s EVs profitable ...
theinformation.com

Tesla Plans 4 New Batteries In 2026, Including For a Robotaxi

Tesla has embarked on an ambitious effort to design four new versions of its in-house battery to power the Cybertruck, its forthcoming Robotaxi and other electric vehicles, according to people with direct knowledge of its plans. This is the most battery projects the company has worked on ...
theinformation.com

Exclusive From The Electric: Inside GM’s Do-Over

Last November, Ed Duby took over battery production at General Motors. He found an effort in crisis: The company was on track to sell fewer than a quarter of the 400,000 electric vehicles it had predicted for 2023, and the numbers were unlikely to improve anytime soon.The problem wasn’t consumer ...
theinformation.com

The Electric: Bold U.S. Moves Could Invite Chinese Retaliation Agai...

The Biden administration’s latest salvo against Chinese electric vehicles carries a risk: potential retaliation against Tesla.
theinformation.com

The Electric: With a $3 Billion Bet, the U.S. Strikes at the Heart ...

Chinese companies dominate the market for electric vehicle batteries and the supply chain behind them. But U.S. companies hold their own in one segment: high-silicon electrodes, which add significant driving range and charging speed.
theinformation.com

The Electric: Facing a Skeptical Clientele, a Battery Company Build...

In 2020, 6K, a North Andover, Mass., materials company, launched an energy division with the aim of making the toxic and laborious manufacture of battery electrodes cheaper and cleaner. Now, after failing to win business from large established electrode makers, the company plans to make the ...
theinformation.com

Three-Quarters of Ford’s EV ‘Skunkworks’ Are Tesla, Apple and Rivia...

In a call with Wall Street analysts in February, Ford CEO Jim Farley and Chief Financial Officer John Lawler detailed the costs to the company of its flagship electric Mach-E SUV and F-150 Lightning pickup. Ford lost $47,000 for each electric vehicle it sold in the fourth quarter of 2023, and ...
theinformation.com

One in Four Recipients of a U.S. Battery Grant Has Given Them Up

When Piedmont Lithium withdrew its application for a Department of Energy loan to build an $800 million lithium refinery, it joined a growing list of U.S. battery and mining companies that, roiled by slow electric vehicle sales, are walking away from government aid intended to spur a domestic ...
theinformation.com

The Travails of Three Battery Startups Reflect the Industry’s Woes

In May, a worker at the San Leandro, Calif., laboratory of next-generation battery developer Cuberg accidentally spilled alcohol solvent on a pile of scrap lithium metal. A fire broke out, reaching the ceiling, and now-molten lithium burned a 5-inch crater in the floor. Overhead sprinklers sent ...
theinformation.com

The Electric: Battery Charging Executive Urges Biden to Go Easier o...

Late this month, Quincy Lee plans to inaugurate a fast-charging station for electric vehicles outside a new Costco in Ridgefield, Wash. The station will have six charging ports, powered by Chinese-made batteries, allowing it to quickly charge from 50 to 100 EVs per day.
theinformation.com

The Electric: Will VW’s $21 Billion Investment Spree Produce Winnin...

In 2022, Volkswagen’s board fired chair Herbert Diess after a rocky tenure in which, while pushing employees to move fast into the electric vehicle age, he reportedly angered powerful German labor leaders and regional government officials. The last straw, analysts said, was the failure of a core ...
theinformation.com

The Electric: A U.S. Silicon Battery Startup Exploits China’s Exces...

Kang Sun, CEO of Amprius Technologies, has contracted with three factories in China to pump out the California company’s silicon-based batteries. But on Wednesday, he was looking for a fourth in the Taiwanese capital of Taipei, in part to qualify for tax credits under the U.S. Inflation ...