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…
Solidarity Across Borders: Unions Support Swedish Mechanics in a Standoff with Tesla In a striking display of Nordic unity, Norway’s largest private sector labor union, Fellesforbundet, announced its support for Swedish Tesla mechanics by blocking transit shipments of Tesla cars…
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…
Tesla’s Insurance Woes: Lawsuit Over Inflated Premiums Tesla’s insurance unit is reportedly embroiled in a prospective class-action lawsuit, a development that adds to the slew of legal challenges the electric automaker, led by Elon Musk, has faced recently. Ricky Stephens,…
The EV Dilemma: China’s Dominance Meets U.S. Resistance As the world convenes in Dubai to address carbon emissions, the shift from gas-powered to electric vehicles (EVs) hits a geopolitical impasse, according to Axios. Two-thirds of the world’s EVs are made…
BYD Enhances Reward System to Counter Smear Campaigns China’s leading electric vehicle manufacturer, BYD, announced on Sunday that it is making its tipster reward system permanent. This initiative offers up to 5 million yuan ($700,918) to individuals who provide credible…
Nio Secures Key Position in China’s EV Industry In a significant development for the electric vehicle (EV) sector, Nio, a prominent EV maker, has been added to a Chinese industry ministry database, authorizing companies to manufacture vehicles in China. This…
Tesla’s Sales Dip in China Amidst Intensifying EV Competition Tesla, the renowned U.S. automaker, experienced a significant 17.8% drop in sales of its China-made electric vehicles (EVs) this November, marking the largest decline since December 2022. The China Passenger Car…
Photo Gallery: Tesla’s Groundbreaking Cybertruck Tesla’s much-anticipated Cybertruck was the star of the show at its launch event in Austin, Texas. The photo gallery released alongside the event captures the Cybertruck in various settings, showcasing its unique design and electric…
In a highly-anticipated Cybertruck launch event in Austin, Texas, Tesla’s CEO Elon Musk personally delivered the first Cybertrucks to customers, marking a significant milestone in the electric vehicle (EV) industry. “Finally, the future will look like the future,” Elon said.…
A New Contender in the EV Market, the 2024 Fiat 500e The 2024 Fiat 500e, set to re-enter the U.S. market, is poised to become one of the most affordable electric vehicles (EVs) available. With a starting price under $33,000,…
A Shift in Strategy for Zeekr Zeekr, Geely’s premium electric vehicle (EV) brand, has recently put its U.S. initial public offering (IPO) on hold. This move reportedly stems from a valuation mismatch and ongoing global financial market volatility, as per…
A Night to Remember at Vermo Race Track On a crisp November evening, the Vermo race track in Espoo, Finland, witnessed a spectacular event that lit up the night sky. A total of 687 Teslas, in an array of models…
Tesla Offers Attractive Deals on Model Y, But Shareholders May Have Concerns Tesla, the electric-vehicle leader, has recently introduced new discounts on its Model Y vehicles, creating a stir among consumers and investors alike. While these price cuts might be…
Cybertrucks: Tesla’s Limited Initial Release Sparks Curiosity Tesla’s Cybertruck, a revolutionary electric vehicle (EV), has been the talk of the town since its announcement in 2019. Now, Tesla fans are on the edge of their seats as the company prepares…
Bollore’s New Advisory Role Bedeo, a prominent UK electric vehicle supplier, announced the appointment of Thierry Bollore, the former CEO of Renault and Jaguar Land Rover (JLR), to their advisory board as a strategic advisor. This move comes as Bedeo…
Market Debut Challenges for Foxconn’s EV Unit Foxconn’s foray into electric vehicles encountered a bumpy start as Foxtron Vehicle Technologies, its dedicated EV unit, stumbled in its market debut. Despite recovering from an initial 9% drop, shares reportedly closed down…
Volvo’s Entry into the Electric MPV Market Volvo has launched its first-ever electric minivan, the EM90, marking a significant shift in the brand’s focus towards electric mobility. The EM90, designed as a luxury multi-purpose vehicle (MPV), is set to redefine…
A Pioneering Move in Auto Retail Hyundai, in a groundbreaking move for the automotive industry, is set to start selling its full range of vehicles on Amazon starting in 2024. This initiative marks a significant shift in vehicle retail, blending…
The Pivotal Meeting in San Francisco In an important development for the electric vehicle (EV) industry, China’s President Xi Jinping met with Tesla CEO Elon Musk in San Francisco. During the meeting that took place on Wednesday, President Xi reportedly…
Unveiling the Future: The Lucid Gravity SUV The Lucid Gravity SUV, revealed at the Los Angeles auto show, is turning heads with its impressive design and groundbreaking features. Lucid, the California-based electric vehicle maker known for the Lucid Air sedan,…
Tesla’s New Direction: From Cash Discounts to Usage Incentives Tesla, a trailblazer in the automotive industry, has recently revamped its referral program, moving away from cash discounts to offer more substantial benefits centered around vehicle usage and technology features. This…
Spotlight on Cybertruck’s Enhanced Agility: Videos Reveal Revolutionary Steering Capabilities The Tesla Cybertruck has generated a lot of discussion in recent weeks, as pre-production versions of the electric pickup have been spotted several times in the wild ahead of its…
In the electrified race of the automotive world, BMW has thrown down the gauntlet, challenging Tesla’s battery prowess. “Tesla needs to close the gap with us,” asserts BMW, with a tone of confidence rooted in the imminent launch of their…
In an ambitious move to democratize electric vehicle (EV) ownership, Tesla has announced plans to build a car that could change the game: a 25,000-euro EV produced at its German Gigafactory. This announcement comes at a time when the cost…
Polestar, the Swedish electric performance car brand, has forged a strategic partnership with South Korea’s SK On, a notable player in the battery sector, to power its forthcoming Polestar 5 electric vehicle (EV). This move signals a significant step for…
Examining the Impact of Tesla’s Recent Court Win on Autopilot Liability In a recent legal battle, Tesla has successfully defended itself against accusations of product liability in connection with a fatal crash involving its Autopilot feature. The case, which took…
A Journey Through the Remarkable Creation of a Wooden Tesla Cybertruck In a stunning display of craftsmanship and attention to detail, a Vietnamese woodworking team has masterfully created a running replica of the Tesla Cybertruck, entirely from wood. This exquisite…
In recent times, the electric vehicle (EV) market in the US has showcased a slowing pace, buckling under various pressures even as the global push towards greener transportation gains traction. Here’s a comprehensive dive into the scenario unraveling in the…
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