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  • Polestar secured over $900 million + Rivian’s $1B Deal 💰 ChargerHelp Boosts EV Uptime! 🚗

Polestar secured over $900 million + Rivian’s $1B Deal 💰 ChargerHelp Boosts EV Uptime! 🚗

Author

John Rooney
May 13, 2025

In partnership with

May 13, 2025

We hope everyone enjoyed Mother’s Day weekend. This Tuesday’s edition brings: 

  • Polestar reports Q1 25’ revenue growth of 84%

  • 2026 Toyota Corolla Cross debuts

  • ENNOVI integrates advanced functionality with innovative busbar sealing technology

  • ChargerHelp and SPATCO partner to address growing EV charging reliability concerns

  • Rivian releases Q1 25’ financial results

  • Ava Community Energy launches Ava SmartHome Charging

  • Video: Engineering Explained: The Cadillac Celestiq

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Top EV News Stories Powered by EV.Careers

  1. Driven by a surge in higher-margin model sales and disciplined cost reductions, Q1 2025 revenue rose 84% year-over-year while gross margin turned positive at 7%, net loss shrank by 31%, and Polestar secured over $900 million in financing to support ongoing global expansion and operational improvements.

  2. Refreshed for 2026, the Corolla Cross adds bold new styling, updated tech, and enhanced efficiency, with its hybrid models—equipped with Toyota’s 5th-generation Hybrid Electric Vehicle system—offering 196 horsepower, standard AWD, and an impressive 42 MPG, though a fully electric version is still absent from the lineup.

  3. A new patent-pending busbar sealing technology, ENNOVI-SealTech, prevents coolant leaks in EV and hybrid drivetrains while enhancing manufacturing efficiency and design flexibility through adaptable sealing methods like shrink tubing or adhesive tape.

  4. To improve EV charger reliability, SPATCO and ChargerHelp have partnered to integrate workforce technology and field service coordination in response to regulatory pressure, funding uncertainty, and widespread charger downtime.

  5. Achieving $206 million in gross profit and over 36,000 demo drives in Q1 2025, Rivian unlocked a $1 billion expected investment from Volkswagen Group, advanced R2 development and factory expansion, maintained strong production and adjusted EBITDA guidance, and expanded its commercial fleet with HelloFresh amid shifting global trade dynamics.

  6. SmartHome Charging, a new program launched in partnership with Optiwatt, rewards EV and PHEV drivers for charging during cleaner, lower-cost energy periods, offering up to $100 in annual incentives while supporting Ava Community Energy’s goal of 100% clean energy by 2030.

  7. The “Space to Connect” campaign highlights the IONIQ 9’s spacious three-row interior, advanced tech features, and family-oriented versatility to position it as a premium electric SUV designed for modern lifestyles and everyday connection.

  8. A new Studio, Service, and Delivery Center has opened in Rutherford, New Jersey to support Lucid’s growing customer base in the Tri-State area, marking the company’s 43rd North American and 58th global location.

  9. College students from across North America convened in Indianapolis to advance their electric vehicle battery expertise as part of the Stellantis-sponsored Battery Workforce Challenge, where McMaster University and Mohawk College earned first place in year two of the competition by designing and presenting a custom EV battery module for integration into a Ram ProMaster commercial van.

  10. The new 9MWh TENER Stack energy storage system from CATL delivers groundbreaking capacity and transport flexibility to support electric vehicle charging infrastructure and large-scale renewable energy integration.

  11. Effective immediately, Mirco Wojnarowicz has been appointed CEO and Christopher Wright CFO as part of a planned executive transition at Rock Tech Lithium, with Dirk Harbecke focusing on his role as Chairman and the company advancing its strategy to become a key lithium supplier for European and North American battery markets.

Engineering Explained: The Cadillac Celestiq

*If you’re using Outlook, click “Read Online” at the top to see the video links above.

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