Elon goes to China, Rivian is selling stock for $3 billion, and Fiat's cutest tiny EV

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This move could strengthen Tesla's relationship with the largest auto market in the world. Musk's visit to China, his first since the COVID-19 outbreak, is not surprising considering how important China's auto sales are for the automaker. China accounted in Q1 for more than half of Tesla deliveries.

Rita reports that despite Twitter being banned in China Musk has managed to become a legend among the Chinese. Musk has more than 2 million Weibo followers, who share his admiration of China, his opposition to cutting supply chains, and his plans to grow his business in China.

Weibo is a popular social media platform.

Iron Man is the nickname that he has earned for his sweet-talking.

We'll continue to update you on the details of Musk's trip, but for now, here's what we currently know. Musk began his visit by having dinner with Zeng Yuqun. The chairman of CATL is one of China's largest battery manufacturers. There's still nothing concrete in the U.S.

Musk also visited the Shanghai Gigafactory where he met with the Tesla Model 3 and Model Y staff.

Keep an eye out for any further news about Musk's activities in China. Follow her on
URL
.

You can also use a variety of encrypted messaging apps.

Micromobbin'

CollarEV is the brand name of this product.

AdaptivePower, a new feature from, a French startup which builds embedded software for eBikes, was accused of patent infringement by eBikeLabs and stealing its tech. Cowboy has denied the claims, and accused eBikeLabs running a smear. Romain Dillet writes, "This is a messy tale about a business partnership that fell apart between an upstart startup with limited resources and a consumer brand who wants to protect their reputation."

Electric cargo bikes from's on its ebike subscription platform.

You can rent e-bikes every week from a different shop
e-bike lending library.

Two new electric scooters, the Dax:e & Zoomer:e, are set to hit the Indian market.

In Regensburg, Germany, a pilot solar panel charging program was launched. The pilot will charge scooters that are parked in the three "Zolar stations" of the company. They should probably be called Helios Stations, right? !

Cross-performance models which look like they could shred mountains.

Atlanta City Spotlight

TechCrunch will (virtually be) in Atlanta on June 7. Our panel of judges/investors will be judging our live pitching contest. Deal of the Week

Plans to raise $3 billion via a stock offer, with the majority coming from Saudi Arabia’s Public Investment Fund. PIF owns over 60% of the company and has agreed to purchase 265.7 million shares through a private placement. This would mean that each share is about $6.80. According to the company, the rest of funds will come from a public offer of 173.5 millions shares of common stock.

Lucid's shares immediately fell 9% on the news, as investors pondered how much money Lucid needed to overcome its increasing losses and decreasing capital. Layoffs in March
.

Lucid may be able to bring in more money, but it needs to fix its spending problems. Lucid's Cash and Cash Equivalents fell to $900 Million, from $1.74 Billion at the end Q4 2022.

These are the other deals that caught my eye this week.

Terms of the deal have not been disclosed. Boeing owned a part of Wisk already and had invested $450 million of capital in January.

In Indonesia's mining sector and in the EV battery sector. Indonesia is home to the largest nickel reserves in the world.

The Canadian federal government and Quebec will build a facility for battery materials. The project is expected to be completed by 2025.

The startup, which is based in Paris, has raised EUR1million to expand its business globally and reach 300 refurbishments a month.

Before the end of the year. In 2022, the company's most recent fundraising campaign resulted in a $5 billion valuation.

Other tidbits and notable reads

Autonomous vehicles

The bill will now be sent to the Senate and, if it passes, the governor. The AV industry claims that the bill will stifle California's competition and defeat the purpose of self-driving vehicles. Bill's authors worry about trucker job security and highway safety.

Certain riders can now take advantage of extended hours in San Francisco. Some riders will be able to ride from 9 p.m. until 5:30 a.m.

Einride and the UAE Ministry of Energy and Infrastructure announced a partnership to deploy 2,000 electric vehicles (EVs), 200 autonomous vehicles, 8 charging stations, and Einride’s SaaS Saga product across 550km of Abu Dhabi Dubai and Sharjah. The partnership will be played out over the next 5 years. Einride refused to disclose the financial details.

In the coming years, approximately 2,000 little robots that are autonomously controlled by Serve will be delivering food through the Uber Eats platform to multiple markets in the U.S.

Batteries and charging for electric vehicles

The MUV is also known as the Multi-Use Vehicle. The MUV has a rear storage area that can be customized, a top speed of about 75 mph and 102 miles in city range. Arcimoto wants to sell fleets of the MUV, which is currently available for $23,500.

Webex will be available for download in the car's app store. Webex will also be available in the Mercedes-Benz E-Class 2024 and Ford vehicles.

Citroen Ami, the remade version, is a retro quadricycle, with a convertible roof and ropes in place of doors. We only know a teaser picture, but that's all we really know. It's unlikely that it will go faster than the Ami which reaches 28 mph. This means the Ami won't be available in the States. It's a shame because it is super cute, and much better for the environment, and urban landscapes, than an electric Hummer.

The automaker may not be able to break even with its EVs before 2030.

Thailand's Electric Vehicle Market
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This is a luxurious, practical car that comes with a Hyperscreen as well as a few driver-assist functions. This is a great car for families that enjoy the finer things of life, and who appreciate plenty of space. The only downside? The exterior is not that impressive. Tim Stevens says, "The result is an ugly blob which will disappear into any parking area."

The latest update to the software includes YouTube. Users can also stream videos while waiting for a pick-up or charging their vehicle, just like other similar versions. Apple CarPlay is also updated in the Polestar 2 update, allowing you to project Apple Maps on your instrument cluster.

CEO RJ scaringe stands in front of a clay-model of an R2 covered by a black cloth. The model shows a compact car with a boxy appearance.

Tax credit for electric vehicles up to $7,500
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The automaker also said that its first U.S.-made electric SUV will be built at its Kentucky factory. The automaker said that its first U.S. made electric SUV will also be built at their Kentucky factory.

After years of tease, Volkswagen has now unveiled its U.S.-version of the Volkswagen ID.Buzz Minivan. Yes, once you factor in nostalgia. VW will also need this as it transitions to EVs.

The interior of the new EX30. We can see that the Scandinavian design has really helped to maximize space in this small SUV.

Miscellaneous

What's new at WWDC? Find others traveling to the event, and make contact with them.

In a class-action lawsuit, the company was accused of greenwashing. In 2020, the company pledged to be carbon neutral. However, the plan relied upon carbon credits to offset its pollution.

All new cars and trucks sold within the United States would be required to have automatic emergency brake systems.

NHTSA released this statement after it closed its investigation of Tesla, which was found to have allowed in-dash games while the vehicles were in motion.

Why not?

The two parties have signed a Memorandum of Understanding (MoU) to develop an integrated drone delivery system to transport medical supplies and lab diagnostics in Africa.

Ride-hail

Mustang Mach-Es are available for lease in San Diego, San Francisco, and Los Angeles.

Kia Niro Electric Vehicles are being added to the fleet of Tesla ride-share vehicles.

Between 2022 and 2023, unpaid vehicle expenses could amount to millions of dollars. Prop 22 contains a provision that provides low-income drivers with a vehicle reimbursement of $0.30 for every active mile they drive. This fee was supposed to rise with inflation but has been stagnant for the last year and a quarter.

Uber One subscribers can now earn 6% Uber Cash on all rides. Riders can now earn Uber Cash, which can be used to buy more Uber products. This bold move could lead to some of us giving up our memberships. Uber's subscribers may spend more if the plan works.

The following article was a mistakenly omitted from a previous newsletter. The complete sentence is below. QuantumScape is pivoting (sort of). The company plans to focus on the consumer electronics sector to raise the capital needed to commercialize automotive grade cells.