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Polestar, the struggling electric vehicle manufacturer, is changing tactics to boost sales after reporting a significant drop in deliveries. According to a Bloomberg report, the company’s new CEO is pushing for a more traditional sales approach by selling cars through dealerships, not just online. A New Strategy for Survival Polestar’s new chief executive, Michael Lohscheller,…
Volkswagen Group reported a complex picture for its electric vehicle (EV) sales in the third quarter of 2024, according to a recent press release. While overall deliveries declined, there were bright spots in certain markets and segments. Global EV Deliveries Down, But Order Intake Surges The automaker delivered 506,500 battery electric vehicles (BEVs) worldwide in…
Tesla’s highly anticipated “We, Robot” event, held on October 10, 2024, at Warner Bros. Studios in Burbank, California, showcased the company’s latest advancements in autonomous vehicle technology and robotics. The event marked Tesla’s first major product reveal since the Cybertruck unveiling in 2019. Robotaxi: The Future of Autonomous Transportation The star of the show was…
Republican VP nominee JD Vance stirred controversy with his remarks about a major electric vehicle investment in Michigan. The Washington Post reports that during a campaign stop in Detroit, Vance labeled a $500 million grant from the Biden administration to convert a GM plant to EV production as mere “table scraps.” The Grant’s Significance This…
Tesla is poised to make a significant leap in the autonomous vehicle space with the unveiling of its Cybercab robotaxi on October 10th. This highly anticipated reveal marks a pivotal moment in Tesla’s journey towards launching a fully autonomous ride-hailing service, as reported by ARK Invest. The Multi-Trillion Dollar Opportunity ARK Invest’s analysis paints a…
China’s commerce ministry announced provisional anti-dumping measures on brandy imports from the European Union, effective October 11. This decision, reported by Reuters, marks a reversal from their earlier stance and adds another layer to the ongoing trade tensions between China and the EU. Unexpected U-Turn in Trade Relations The Chinese commerce ministry’s statement requires importers…
Tesla’s dominance in energy storage hits new heights as the only company to secure an AAA rating in the new Battery StorageTech Bankability Ratings report, outpacing competitors in the growing BESS market. According to the Battery StorageTech Bankability Ratings report, Tesla has earned the distinction of being the only AAA-rated energy storage solutions supplier in…
Tesla’s shaking things up with their Model 3 lineup, but there’s still a sweet deal to be had on the Standard Range trim. According to Forbes, while the Standard Range Rear Wheel Drive has been dropped from the main Model 3 page, it’s still lurking in the new inventory section. Lease Loophole for Standard Range…
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