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The world’s largest EV battery maker just shook the global financing stage with its IPO in Hong Kong. CATL, or Contemporary Amperex Technology Co., Ltd., saw its shares surge 16% on Tuesday, raising $4.6 billion in the world’s largest public offering so far this year.
Electric vehicles may conjure images of sedans and e-bikes, but the offerings have now expanded to pickup trucks. Manufacturers worldwide are electrifying these massive towing machines with big batteries and unrelenting performance.
Remember the buzz about flying taxis zipping through Paris for the 2024 Olympics? That sci-fi fantasy never got off the ground —Germany’s Volocopter dream was denied certification, leaving fans staring at the same old ground traffic. But now, the skies are opening again for a second shot at glory—this time over Los Angeles.
Archer Aviation, the California-based electric vertical takeoff and landing (eVTOL) company, has been named the exclusive air taxi provider for the 2028 Los Angeles Olympic and Paralympic Games.
Archer’s Midnight aircraft, a piloted electric air taxi designed to carry four passengers, will be whisking around VIPs, fans, and stakeholders between venues and key locations like LAX, Hollywood, Santa Monica, and even Orange County. Think 10-20 minute flights that skip the infamous LA gridlock and land you right where the action is—on the roof, basically.
“We want to transform the way people get around Los Angeles and leave a legacy that shapes the future of transportation in America. There’s no better time to do that than during the LA28 Games,” said Adam Goldstein, CEO and founder of Archer Aviation.
And Midnight isn’t just a pretty rotor. It’s a whisper-quiet, emission-light aircraft with 12 rotors and a redundant, airline-level safety design.
What’s more, Archer and LA28 are working together to electrify vertiport hubs around the city—think futuristic sky stations—to serve not only Games-time needs but also to plant seeds for a post-Olympic air mobility network.
The air mobility market has been fast developing over the past few years, featuring the likes of Hyundai partnership with China’s XPeng HT Aero and Toyota’s backing of Joby Aviation, a U.S. venture. Joby bought Uber Elevate in 2020, hoping to someday pair its air taxis with Uber’s ride-hailing app.
Archer, for its part, has been busy building a strategic partnership with United Airlines, which has already placed orders for the aircraft and is helping with logistics to integrate air taxis into airport-to-downtown travel. More than a demo for the cameras, the LA28 partnership will showcase urban air travel for real-world daily use, starting with one of the most high-profile events on Earth.
After raising false hopes in Paris, the air taxi dream is aiming for liftoff in LA—and this time, it might just stick the landing.
Toyota is back in the electric SUV game with the 2026 bZ, a major refresh of its bZ4X that finally delivers on two of the biggest demands from EV drivers: more range and faster charging.
The headline news is the improved driving range. Toyota now estimates up to 314 miles on a single charge for the front-wheel-drive model with the larger 74.7-kWh battery—about 60 miles more than the outgoing bZ4X. All-wheel-drive variants also get a boost, with up to 288 miles of range depending on trim.
Charging speeds haven’t increased in terms of raw kilowatts (still capped at 150 kW for DC fast charging), but Toyota has significantly improved how long peak speeds are sustained. With preconditioning enabled—especially helpful in colder weather—the new bZ can charge from 10% to 80% in about 30 minutes. Also new: Plug and Charge support for automatic payment at compatible stations and full adoption of the North American Charging Standard (NACS), meaning access to Tesla Superchargers will be standard by 2026.
Under the hood, or rather the floor, Toyota has swapped in higher-performance silicon carbide components to improve efficiency and power delivery. The AWD version now produces up to 338 horsepower and sprints from 0–60 mph in a brisk 4.9 seconds.
Toyota didn’t stop at just the powertrain. The exterior has been cleaned up, with body-colored wheel arches replacing the black cladding, and a sleeker front fascia. Inside, a larger 14-inch touchscreen now houses climate controls, giving the dash a more refined and less cluttered appearance. There’s also more usable storage thanks to a redesigned center console.
With the 2026 bZ, Toyota seems to be responding directly to critiques of the bZ4X. It’s faster, more efficient, and more driver-friendly—finally bringing Toyota’s EV efforts up to speed.
Car prices are soaring — meaning many Americans simply can’t afford to buy a vehicle new. And with tariffs in the mix, prices might soon get even higher.
A compact SUV offers the best of both worlds: the maneuverability and fuel efficiency of a smaller car combined with the spaciousness and versatility of a larger vehicle. But not all compact SUVs are created equal.
Toyota Motor (TM) expects its profits to fall 21% this fiscal year due to the repercussions of President Donald Trump’s trade war.
Waymo (GOOGL), the self-driving car division of Google parent Alphabet, is preparing to scale up its manufacturing facility in the Phoenix suburb of Mesa, Arizona.
The bloom is very much off the rose when it comes to the business community’s embrace of President Donald Trump’s second term. With his imposition of steep tariffs on virtually every country around the globe threatening to tip the United States into a recession, CEOs are pleading with the president to start making thos…
Years after launching a massive commitment to invest in people of color, Goldman Sachs (GS) has been quietly scrubbing its website of references to race.