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…
Imagine a company selling a revolutionary product at a substantial loss, yet soaring high on the global stage. Welcome to the electrifying world of Nio, a beacon of China’s ambitious foray into electric vehicles (EVs). Despite every car sale drilling…
Imagine a hot new star suddenly facing a stumble on the stage. That’s what happened to Rivian, the electric vehicle (EV) heavyweight that recently faced a record 23% stock drop in a single day since its 2021 debut. What caused…
Rivian Automotive, with its ambition to dominate the American electric vehicle (EV) market, embarked on a journey to engineer a pickup truck that melds sports-car prowess with innovative features. The Rivian trucks, complete with state-of-the-art suspension systems and other amenities…
Earlier today, Rivian shared a short video on X (formerly Twitter) announcing that “R1S with Max pack is now available to configure for Dual-Motor variants, with deliveries starting soon.” Rivian offers a trio of battery options for both the RT1…
In a world increasingly drawn to electric mobility, Honda marks its footprint in the American EV sphere. Introducing the “Prologue“, Honda’s debut all-electric SUV for the U.S. market. An appropriate moniker for the vehicle, the Prologue is more than just…
In the ever-evolving realm of electric vehicles, Rivian Automotive emerges as a beacon of resilience and ambition. According to a recent report by Reuters, this Irvine-based startup triumphantly outpaced market delivery expectations for the third quarter, underscoring its robust standing…
While Tesla often grabs the headlines, Rivian’s explosive growth in the electric vehicle (EV) domain is nothing short of impressive. According to a report by the California New Car Dealers Association (CNCDA) recently spotlighted the Irvine-based company’s dramatic expansion. Unprecedented…
Rivian CEO Expresses Confidence Amidst Cybertruck Buzz In the high-stakes world of electric vehicles (EVs), competition is heating up. But is Rivian, an EV manufacturer, feeling the pressure from Tesla’s much-anticipated Cybertruck? The answer might surprise you. RJ Scaringe, the…
In a strategic move to further their green initiative, Mercedes-Benz, the esteemed German automaker, is exploring tax relief for its upcoming projects in the United States. On Monday, a company spokesperson revealed, “We have decided to participate in the application…
Hey there, car enthusiasts! Get ready for this: Mercedes-Benz is launching its very own charging station in Chengdu, China, this October. And that’s just the start! The luxury car brand’s CEO, Ola Kaellenius, reportedly spilled that more stations are heading…
Mercedes-Benz Outlines Its Vision for the Future of Electric Vehicles In a recent interview at the Munich car show, Chief Executive Ola Kaellenius of Mercedes-Benz expressed his perspective on Europe’s transition to all-electric vehicle sales. Despite the company’s aim to…
In a strategic move to expedite production and delivery, Rivian has streamlined options available for its R1T and R1S electric vehicles (EVs). The popular EV maker has made notable changes, a development avidly discussed on platforms like Twitter by accounts…
Europe is witnessing a new wave of cars on its roads – Chinese electric vehicles (EVs). However, these newcomers from the East aren’t just coasting; they’re faced with unique hurdles to navigate. Rolling Up with Momentum Chinese auto giants like…
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