Canadian lawmakers are facing mounting pressure from auto manufacturers, steel producers, and union officials to significantly increase tariffs on Chinese imports, reports Bloomberg. The push comes after US President Joe Biden announced substantial tariff hikes on Chinese goods, including a…
NIO is making headlines with its projected record-high vehicle deliveries in May. The Chinese electric-vehicle (EV) maker’s shares surged by 10% in Hong Kong, reaching 42.10 Hong Kong dollars (US$5.38), reflecting strong investor confidence, according to the WSJ. Record-Breaking Deliveries…
Jeep has unveiled its first electric model for the US, the Wagoneer S, a premium SUV with an estimated 300 miles of range. The Launch Edition, the only trim announced so far, starts at $71,995 and goes on sale this…
Lucid Motors, the luxury electric vehicle (EV) company, is cutting about 400 jobs as the EV industry faces slow growth. According to a recent SEC filing, this layoff round will affect 6% of Lucid’s staff by the end of October,…
Feds Hold Hyundai Accountable for Child Labor The U.S. Labor Department has filed a lawsuit against Hyundai for using child labor in its Alabama supply chain, reports The NY Times. This includes allegations that a 13-year-old girl worked up to…
Ford and GM’s leaders disagree on the future role of hybrid vehicles Ford’s CEO, Jim Farley, argues hybrids should be viewed as a viable long-term solution, while GM’s CEO, Mary Barra, considers them a temporary step towards full electrification, according…
KPMG’s recent study shows that even with the same price and features, most Americans still favor standard gas vehicles over electric or hybrid cars. Despite the hype around electric vehicles (EVs), the study found that only one-fifth of U.S. consumers…
Reuters reports that Tesla has been tracking chronic flaws and failures in its vehicles’ steering and suspension parts for years, according to company documents dated between 2016 and 2022. Despite this knowledge, the electric car maker has sought to blame…
According to a recent Bloomberg report, the sluggish start to US electric vehicle (EV) sales in 2024 may not be as concerning as it initially appears. While some indicators point to a potential slowdown, others suggest an industry on the…
Musk Slams New US Tariffs Tesla CEO Elon Musk has come out strongly against the new US tariffs on Chinese electric vehicles (EVs). His comments follow President Joe Biden’s decision to drastically increase these tariffs, quadrupling them in the process.…
New Release Creates a Buzz Tesla’s latest accessory, the Cybervessel, has caused quite a stir. Priced at $70, this high-tech container sold out in mere hours after its U.S. release. Product Features The Cybervessel boasts impressive features: double-walled stainless steel…
Sales of used Tesla Model Y cars are surging as their prices fall significantly. The trend reflects a broader shift in the electric vehicle (EV) market, where both new and used EV inventories are increasing, leading to lower prices and…
A New Era of Eco-Friendly Policing In a bold move toward sustainability and efficiency, the Anaheim Police Department has introduced six Tesla Model Y vehicles to its patrol fleet. This initiative, reportedly facilitated by Tesla’s upfitting division UP.FIT, represents a…
A Desperate Bid to Survive Electric vehicle (EV) manufacturer Fisker Inc. is closing its Manhattan Beach headquarters and relocating employees to La Palma, Orange County, as part of an effort to stave off bankruptcy. This move is coupled with a…
Major Job Cuts Hit Tesla in California Tesla has announced significant layoffs in California, cutting over 600 jobs across its manufacturing and engineering sectors. These job cuts are part of a broader reduction strategy the company has been implementing this…
Tesla has reportedly unveiled an enticing new promotion in China, giving prospective buyers of Model 3 and Model Y the choice between a zero-interest financing option and a zero-down payment plan. This offer, valid until June 30th, is designed to…
High Hopes and Heavy Losses In 2021, car rental giant Hertz made headlines with its bold move to purchase 30,000 Tesla vehicles. This decision came at a time when Tesla’s stock was soaring, and electric vehicles (EVs) were hailed as…
New US Tariffs on Chinese EVs: A Setback for Carbon Neutrality Chinese electric vehicle (EV) manufacturer Xpeng has voiced concerns over the recent U.S. tariffs on Chinese EVs, calling them a significant hurdle to achieving global carbon neutrality and advancing…
Chinese electric vehicle (EV) manufacturer Nio has unveiled Onvo, a new, budget-friendly sub-brand set to challenge Tesla in the competitive EV market. The first car from this brand, the L60 SUV, is positioned to be a significant contender, offering a…
Rivian Automotive Inc., a once-celebrated name in the electric vehicle (EV) market, has informed California state officials of its plan to implement more layoffs. In a letter dated April 24 to the Employment Development Department, Rivian’s vice president of people,…
The Dawn of AFEELA At CES 2024, Sony and Honda unveiled AFEELA, their latest automotive brainchild born from the Sony Honda Mobility partnership. AFEELA, despite its unusual name, promises an immersive and interactive driving experience akin to playing a Sony…
Analyst Downgrades Rivian Stock Amid Demand Concerns Rivian Automotive, a key player in the electric vehicle (EV) market, has seen its stock downgraded to ‘Hold’ from ‘Buy’ by Wolfe Research analyst Rod Lache. The downgrade reflects concerns about the company’s…
Chinese EV Maker Nio Challenges Luxury Car Segment with High-End ET9 Model In a bold move to redefine luxury electric vehicles (EVs), Chinese EV manufacturer Nio has revealed the ET9, its most expensive and technologically advanced executive sedan yet. The…
Exploring New Alliances with Audi and Mercedes Huawei Technologies, a leading Chinese tech giant, is actively seeking to expand its influence in the smart car industry by approaching global automobile heavyweights, Mercedes Benz and Volkswagen’s Audi. According to insider sources,…
Nio’s Strategic Shift: Additional Job Cuts Loom Amid EV Market Challenges Electric vehicle manufacturer Nio Inc is poised to make deeper cuts into its workforce, indicating a significant shift in its business strategy. Following last month’s announcement of a 10%…
Honda Prepares to Unveil New Global EV Series at CES 2024 Honda is gearing up to make a significant splash in the electric vehicle (EV) market with the anticipated launch of its new global EV series at the Consumer Electronics…
Nio’s Comeback: Narrowing Losses Signal Rising Hope Nio, China’s prominent electric vehicle (EV) maker, saw its shares reportedly jump by 4% following a report of narrower-than-expected losses, signaling a potential turnaround for the company. Amidst a fiercely competitive EV market…
The End of a $5 Billion Partnership: Honda and GM Part Ways on Affordable EVs In a surprising turn of events, automotive giants Honda Motor and General Motors (GM) announced the discontinuation of their collaborative efforts to develop affordable electric…
As the electric vehicle (EV) frontier continues to evolve, Tesla is gearing up to carve a significant niche with its highly anticipated Cybertruck. A major milestone in this journey has been achieved with the live update of the Tesla Cybertruck’s…
Picture this: An electric sports car with futuristic aesthetics, promising the roar and agility of its fuel-driven counterparts. That’s the Audi e-tron GT RS for you! However, its high-end performance and space-age design come with a whopping price tag. Or…
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