KORE Power kills $1 billion Arizona EV battery factory plans

KORE Power has scrapped plans for its $1 billion lithium-ion battery factory in Buckeye, Arizona, and its CEO and founder has resigned.
KORE Power has scrapped plans for its $1 billion lithium-ion battery factory in Buckeye, Arizona, and its CEO and founder has resigned.
Streetleaf’s solar-powered streetlights can withstand Category 5 hurricanes, and the company aims to deploy them across Florida to boost storm resilience.
Ferrari looks to shake up the market with its first all-electric vehicle, which will launch later this year. Ferrari confirmed plans to launch its first EV in October as one of six new vehicles debuting in 2025. Ahead of its official debut, the new electric car was spotted testing out in public. Check out a sneak peek of it below.
Starting off today’s Green Deals is Blix’s Valentine’s Day sale with up to $600 in savings across three e-bikes, two of which are the newest models released months ago, but the biggest deal is on the Packa Genie Cargo e-bike with $100 in free gear at $1,599. We also have a limited Lightning deal on Worx’s Landroid S 20V Robot Lawn Mower dropping things to a new $469 low, among its other model – but don’t sit on decisions cause it’ll likely go fast. There’s also Jackery’s Explorer 100 Plus Portable Power Station that fits right in your hand at its $89 low, among other power station and solar generator deals. Lastly, we spotted the return of the one-day-only $570 low on Greenworks’ 80V three-tool mower, trimmer, and blower combo. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s free extra battery offer on Aventon’s Pace 500.3 e-bikes, Anker’s PowerCore Reserve returning to $90, and more.
Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.
There finally appears to be some Tesla shareholder momentum to fire Elon Musk from the company after years of concerns being ignored by the board and most shareholders.
However, probably nothing will happen as long as the stock (TSLA) is up.
Ford’s F-150 Lightning is losing ground in the US with new electric pickups like the Tesla Cybertruck and Chevy Silverado EV now available. Although Ford plans to launch smaller, more affordable EVs, including an SUV and pickup, they won’t arrive for (at least) another two years. With new threats, including a wave of lower-cost EVs and Trump threatening to impose tariffs on imports from Mexico, will Ford’s aging lineup set it further behind?
Last month I was fortunate enough to take a trip to China and visit seven different micromobility companies, each of which invited me to tour their factory, test out their new products, or attend their major events. The trip is something of a sequel to the first Chinese factory tour trip I took last year (with the documentary of that trip racking up millions of views on YouTube).
In the coming weeks, I’ll be sharing detailed articles and videos about each of the following visits. But in the meantime, consider this as a preview of what’s to come.
Last month, Tesla unveiled the new Model Y in the United States, featuring an all-new light bar design, a redesigned rear-end, and a refreshed interior. It’s currently available as a “launch series” model, starting at $59,990 – with deliveries beginning in March.
The new Model Y is currently in 19 Tesla showrooms across North America, 17 in the United States and 2 in Canada. I took the opportunity to head to the one in New York’s Meatpacking District to get some up close photos, as well as share some thoughts.