Maserati announced a new lineup of all-electric vehicles dubbed ‘Folgore’ at a press conference on Thursday — reports The Verge. The Fiat Chrysler (now Stellantis)-owned luxury automaker’s upcoming range of electric vehicles (EVs) will include a next-generation GranTurismo sports coupe, an electric variant of its best-selling Levante, a new Grecale SUV, and several other all-electric […]
Audi unveiled the A6 Avant e-tron concept at its 2022 Annual Media Conference on Thursday, claiming that the all-electric luxury vehicle will be able to add 186 miles (300 km) of range after just 10 minutes of fast charging. “The production-oriented A6 Avant e-tron concept car now illustrates the synthesis of pioneering drive technology and Audi’s […]
Chinese electric vehicle (EV) maker XPeng Motors on Thursday said it fronted the bulk of the investment into Rockets Capital, a $200 million USD fund that will back players in the electric vehicle (EV) industry and “frontier technology areas” — reports CNBC. Rockets Capital will focus on “venture and growth stage investments in Smart EV […]
Volkswagen AG might build an all-electric truck for the U.S. automotive market’s growing and highly profitable pickup segment — reports The Wall Street Journal. According to the publication’s sources, the veteran automaker is considering the idea and could make a final decision by the middle of this year. Scott Keogh, head of Volkswagen’s U.S. business, […]
Cadillac, the luxury brand of General Motors, announced on Tuesday pre-orders of its upcoming 2023 Cadillac Lyriq electric vehicle will launch on May 19, 2022. Orders for the 2023 Lyriq and the 2023 Lyriq performance all-wheel drive will be available through a dealership’s website or Cadillac.com, according to Rory Harvey, vice president of global Cadillac, […]
Mercedes-Benz on Tuesday unveiled the “progressive and luxurious” interior of its upcoming 2023 EQS SUV, slated to launch globally on April 19. The EQS SUV is the company’s largest all-electric sports utility vehicle to date, and it will be the first of six EQ-series electric vehicles (EVs) from Mercedes that are due to launch in […]
Elon Musk’s The Boring Company has been in “initial conversations” with the North Central Texas Council of Governments (NCTCOG) for tunnel projects in the state to alleviate traffic pressures and assist with transportation — reports The Dallas Business Journal. The NCTCOG is a voluntary association of local governments that was established to assist in regional […]
The team of employees Apple had working on the company’s long-rumored self-driving electric vehicle (EV) “has been dissolved for some time,” says reliable analyst Ming-Chi Kuo of TFI Asset Management Limited (via MacRumors). Kuo, who in December 2020 pegged the Apple Car for a 2025-2027 launch at the earliest, added that Apple needs to reorganize the […]
In Q4, Norges Bank, the central bank of Norway, boosted its positions in both NIO and Li Auto, while trimming shares in Xpeng Motors, according to a 13F filing with the U.S. Securities and Exchange Commission (SEC), reports CNEVPost. The bank increased shares in NIO by 31 percent and Li Auto by 990 percent, while […]
After Rod Copes retired as the Chief Operations Officer of Rivian last year, the company has officially selected a replacement to fill the position. Rivian has hired new COO Frank Klein, who is the former President of Austrian automotive manufacturer Magna Steyr, a subsidiary of Canada automotive supplier Magna International, according to a press release. […]
After Ford revealed plans to divide its company into branches dedicated to electric vehicle (EV) and internal combustion engine (ICE) vehicles, the automaker has doubled down on its EV agenda with several new announcements. Ford has unveiled concepts for nine all-electric vehicles it plans to release for the European market by 2024, as detailed in […]
U.S. Senators on Friday sent a bipartisan letter to President Joe Biden urging the head of state to invoke the Defense Production Act in an effort to increase domestic production of minerals used in electric vehicle (EV) batteries — reports Yahoo Finance. “In order to address the threats to our national security, we respectfully request that […]
The National Highway Traffic Safety Administration (NHTSA) unveiled rules for self-driving vehicles on Thursday, officially doing away with requirements for automated vehicles to include certain controls, according to CNBC. The ruling is the first of its kind, with the NHTSA’s 155-page document detailing the rules and new requirements for automakers and companies deploying autonomous vehicles. […]
Rivian plans to change the types of electric vehicle (EV) battery cells it uses, the company said on Thursday in a Q4 2021 shareholder letter. Rivian is switching to lithium iron phosphate (LFP) battery cells for its standard vehicles, foregoing the use of nickel and cobalt and following in Tesla’s footsteps, according to CNBC. Beyond […]
Rivian announced its Q4 2021 earnings on Thursday, revealing it had delivered 909 electric vehicles to customers in the quarter. The automaker saw $54 million in revenue, while posting a $383 million loss for the quarter in terms of gross profit. Shares of Rivian are down 12% in after-hours trading to $36 per share. Rivan’s […]
