Todd Halterman

The Solterra is Subaru’s first all-electric SUV, and the company calls it the most technologically advanced Subaru to date. Subaru calls the Solterra the “first EV SUV that is Subaru off-road and all-weather capable.” The Solterra is built on the e-SUBARU Global Platform, and it’s an SUV that offers ample back-seat and cargo room and a long list of advanced safety technology features including Subaru Symmetrical All-Wheel Drive system, and additional ground clearance.

Hyundai says Supernal LLC, their new advanced air mobility (AAM) unit, will represent the company’s development of passenger electric vertical takeoff and landing (eVTOL) vehicles. The aim is said to be that Supernal will conduct its first commercial flights in 2028. U.S.-based Supernal is a spinoff meant to lead company efforts to develop eVTOLs and was originally formed as a unit of Hyundai’s Urban Air Mobility Division. That division was tasked with creating a concept craft called the S-A1.

Rivian, with significant financial backing from Amazon and Ford, recently delivered the first of their production electric pickups, the R1T. The company says they expect to deliver 10,000 more of the trucks as soon as next year. The company also says that it fully expects to lose some $1.28 billion this quarter and generate under $1 million in revenue for the same period. The IPO price, released Tuesday, has been set at $78 a share, according to Reuters and the Wall Street Journal.