China’s electric vehicle (EV) market continues to thrive, with manufacturers reporting strong sales growth in May, despite a general decline in consumer spending. This growth is driven by price cuts and new model launches, leading companies like BYD, Nio, and…
The Lucid Air Sapphire, a high-performance variant of the already impressive Lucid Air, has taken the electric vehicle market by storm. With its unparalleled driving dynamics, top-of-the-line features, and eye-watering $250,000 price tag, this sedan is setting new standards in…
Tesla’s upcoming annual general meeting (AGM) on June 13 faces potential hurdles as tens of thousands of international retail shareholders, holding around $17 billion in stock, may be unable to vote due to inadequate cross-border voting systems provided by investment…
Tesla is sending executive Tom Zhu back to China amid slumping sales and increased competition in the world’s largest electric vehicle market. Zhu, who was promoted to senior vice president of automotive in April 2023, previously led Tesla’s entry into…
Chanceler confia na indústria automobilística alemã, apesar dos desafios O chanceler alemão Olaf Scholz elogiou a iniciativa da Volkswagen AG de desenvolver veículos elétricos (EVs) a preços acessíveis a partir de € 20.000 ($21.696) como "muito boa". Em discurso no Fórum Econômico da Alemanha Oriental em Bad Saarow,...
Primeiro carro a sair da fábrica da Geórgia neste outono O Ioniq 5 da Hyundai será o primeiro veículo elétrico produzido na nova fábrica da empresa na Geórgia, a partir de outubro. O CEO Jose Muñoz espera que a versão fabricada nos EUA seja elegível...
Tesla’s latest recall affects over 125,000 vehicles due to a faulty seat belt warning system, posing a significant safety risk. According to a report from Reuters, this recall comes just a month after thousands of Cybertrucks were recalled for a…
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,…
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…
De acordo com um relatório recente da Bloomberg, o início lento das vendas de veículos elétricos (EV) nos EUA em 2024 pode não ser tão preocupante quanto parece inicialmente. Embora alguns indicadores apontem para uma possível desaceleração, outros sugerem um setor em...
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.…
Norway’s forward-thinking policies have propelled electric vehicles (EVs) to dominate 82% of new car sales in 2023, reports Forbes, outpacing the US and China, and setting a global standard for EV adoption. Government Action Sparks EV Boom In 2023, over…
Tesla is cutting back on Model Y production in China due to increased competition and a slowing market, according to Barron’s. This move might impact Tesla’s second-quarter delivery expectations and raises concerns about demand growth. Chinese EV Market Challenges The…
Lucid Group is cutting around 400 jobs, about 6% of its workforce, as part of a restructuring plan to optimize operating expenses. The move has impacted the stock price. Lucid Job Cuts and Financial Impact Lucid Group is reducing its…
PepsiCo Adds 50 Tesla Semi Trucks to Fresno Fleet PepsiCo is boosting its electric vehicle lineup with 50 new Tesla Semi trucks, set to operate from its Fresno, California, facility in the coming months. Key Points “Our fleet electrification is…
New Tesla Store in Stockholm Tesla has just opened a new showroom in Stockholm, Sweden, located at Sveavägen 21. The EV company shared the news on X / Twitter, inviting fans to visit and take photos. Showcasing Innovations Inside the…
Boris Johnson, former UK Prime Minister, recently took a spin in a driverless Tesla around the hectic streets of Los Angeles. In his article for the Daily Mail, he shares his exhilarating experience, shedding light on the safety, innovation, and…
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…
Tesla has introduced its next-gen home battery, the Powerwall 3, to Canada, following its initial release in the U.S. earlier this year. This launch marks Canada as the first country outside the U.S. to offer this advanced energy storage solution.…
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…
Uma tentativa desesperada de sobreviver A fabricante de veículos elétricos Fisker Inc. está fechando sua sede em Manhattan Beach e transferindo os funcionários para La Palma, no Condado de Orange, como parte de um esforço para evitar a falência. Essa mudança está associada a uma...
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…
Tesla has just released a new set of accessories for its much-hyped Cybertruck. The new additions include a spare tire and tool kit, mud flaps, underseat storage bin, and D-rings. These accessories come with varied price tags and cater 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…
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