Hyundai Motor Company, in its 2023 CEO Investor Day earlier this week, shed light on its plans to expedite its transition into electrification and to become a leading provider of smart mobility solutions. The plans are based on its innovative new strategy, dubbed the ‘Hyundai Motor Way’. The ‘Hyundai Motor Way’ will be powered by […]
Tesla is set to buy a major share in Freiburg-based start-up Wiferion, known for its innovative wireless charging systems for industrial applications. The High-Tech Gründerfonds, a federal initiative to boost start-ups, is among the largest shareholders with a 13.55 percent stake, and is ready to finalize the sale, reports Gründerszene (via Teslamag.de). The proposed sale […]
Tesla announced it is building foundation models for autonomous robots, made today via its new Twitter account ‘Tesla AI’ (@Tesla_AI). The company’s multi-modal neural networks, which are already in customer vehicles, take in various modalities such as camera videos, maps, navigation, IMU (Inertial Measurement Unit), and GPS, etc. Tasks such as Occupancy prediction, which predict […]
Tesla recently told Canadian customers their new Model Y vehicles would soon be coming from Giga Shanghai in China, instead of its Fremont factory in California. The change is likely due to Tesla reallocating Fremont supply to the U.S., so these vehicles can benefit from the current $7,500 federal tax credit. Canadian Nic Cruz Patane […]
In a recent sit-down with CNBC’s Jim Cramer, Ford CEO Jim Farley shared insights into the company’s future, its electric vehicle (EV) strategy, and its partnership with Tesla. The interview took place at Ford’s headquarters in Dearborn, Michigan. Farley revealed that Ford’s decision to partner with Tesla was driven by the reliability and extensive reach […]
NIO announced on June 20, 2023, that it has secured a significant equity investment from CYVN Holdings L.L.C., an investment firm majorly owned by the Abu Dhabi Government and focused on advanced and smart mobility. Under the terms of the share subscription agreement, CYVN Holdings will invest a total of $738.5 million in cash, subscribing […]
In a recent ranking by Cars.com, Tesla has once again proven its dominance in the American auto industry. For the third consecutive year, Tesla has topped the American-Made Index, which ranks vehicles built and bought in the U.S. The 2023 ranking is even more impressive as Tesla’s entire lineup has swept the top four spots, […]
SpaceX has taken a significant leap forward in its mission to provide global internet coverage, as the company begins utilizing its second-generation Starlink constellation to transmit internet data. In a statement to the Federal Communications Commission (FCC) on Tuesday, the company revealed, “SpaceX has initiated communications between spacecraft in its Gen2 non-geostationary orbit satellite system […]
Electric vehicle charging supplier, BTC Power, has announced plans to integrate Tesla’s electric vehicle charging standard into its charging stations by next year. This news comes in the wake of similar commitments by automotive giants, Ford and General Motors, and EV startup Rivian. BTC Power, which provides charging services to clients such as 7-Eleven and […]
Tesla CEO Elon Musk announced on Tuesday that the electric carmaker is planning to invest in India as soon as possible. Musk’s statement came after a meeting with Indian Prime Minister Narendra Modi in New York during the latter’s state visit to the U.S., reports Reuters. Musk expressed his confidence in Tesla’s future in India […]
Hyundai Motor’s CEO announced on Tuesday that the South Korean car manufacturer is considering making its vehicles more compatible with Tesla’s charging standard in North America. Tesla’s Superchargers, which now make up about 60% of all fast chargers available in the U.S., have recently been adopted by Ford and General Motors. This charging technology is […]
In a significant move, Texas has announced that it will require electric vehicle charging companies to incorporate both Tesla’s North America Charging Standard (NACS) and the Combined Charging System (CCS) standard. This requirement is a prerequisite for companies wishing to participate in a state program aimed at electrifying Texas’s highways using federal funds. This decision […]
Rivian has announced today a significant partnership with Tesla, granting Rivian drivers access to Tesla’s extensive Supercharger network across the United States and Canada. In a move consistent with its mission to electrify and reduce carbon emissions in transportation, Rivian is also slated to continue the expansion of its own Rivian Adventure Network. With the […]
In a significant step towards greener energy, Neoen, a leading global producer of renewable energy, is all set to construct its first long-duration battery in Western Australia. The project is being undertaken after Neoen won a contract for 197 MW capacity services from the Australian Energy Market Operator (AEMO). This important contract is for the […]
Tesla has shared a short video on Monday, highlighting its powerful Supercharger network. This network integrates seamlessly with Tesla vehicles, which automatically route directions and calculate charging times needed on road trips. According to Tesla employee William, who works for Site Engineering, he explains Superchargers are mainly intended for longer distance travel, calling them “also […]
