EVs Won’t Become as Cheap as Regular Cars to Build Until 2024

According to a report by The Guardian, automakers will be able to manufacture electric vehicles that cost the same as vehicles with internal combustion engines by 2024.

Tesla’s New 'Full Self-Driving' Beta Software is Being Closely Watched by U.S. Regulators

The National Highway Traffic Safety Administration (NHTSA) said it was closely watching Tesla’s latest beta software that launched on Tuesday, which allows its vehicles to drive themselves without human intervention. The NHTSA said it was standing by and ready to protect the public against safety risks.

Cadillac’s Suspension Technology Gets Even Faster and More Precise with ‘MagneRide 4.0’

Cadillac’s parent company General Motors claims that its “MagneRide” is the world’s fastest reacting suspension technology, which allows for greater responsiveness and enhanced isolation from road imperfections. The latest version is called “MagneRide 4.0” and it improves the suspension of Cadillac models even further.

The Mercedes Benz EQS Will Be the First Model Sold Under its New 'EQ' Sub-brand in the U.S.

German automaker Mercedes Benz has confirmed that the EQS sedan will be the first electric model introduced in the U.S. under its new EQ sub-brand.

China Tells U.S. Companies, Including General Motors & Qualcomm, They Are Welcome in its Market

Despite the ongoing trade disputes between the U.S. and Beijing, China welcomes U.S. companies to actively participate in its market and will strive to create a fair and just environment, the industry ministry said on Monday after a meeting it held with firms including Qualcomm Inc and U.S. automaker General Motors.

China's Newest EV Startup Li Auto Delivers 20,000 Vehicles in 10 Months

China's newest new energy vehicle producer Li Auto, which is publicly traded in the U.S., has reported brisk sales of its first vehicle, the Li ONE SUV. Li Auto is among a new crop of electric vehicle companies including Xpeng Motors and NIO Inc. that are emerging as rivals to U.S. automaker Tesla in China.

Tesla to Export its China-built Model 3 to Countries in Europe

Electric automaker Tesla has confirmed that its will ship Model 3 sedans built at its new Shanghai factory to customers in Europe. The electric cars will be shipped to ten countries in Europe beginning this month, including Germany, France, Italy and Switzerland, the automaker said.

Mercedes Benz, Bosch to Launch Automated Valet Parking System

The first commercial automated valet service will go live at Stuttgart Airport’s P6 parking garage.

Tesla Model S Gets Second Price Cut of the Week to $69,420

In what turned out to be a truly bizarre week for Tesla’s flagship sedan, the Model S received two dramatic price cuts to become far more affordable.

Tesla’s ‘Full Self-Driving’ Beta Coming This Week

The outspoken CEO took to Twitter to announce the limited availability of the upcoming system.

Apple iPhone Assembler Foxconn Wants to Supply the Components for 10% of the World’s EVs

Taiwanese contract manufacturer Foxconn announced on Friday that it aims to provide components or services to around 10% of the world's electric vehicles (EVs) between 2025 and 2027. Foxconn Chairman Liu Young-way said his company has been in talks with multiple car manufacturers for future cooperation.

GM Renames is Detroit-Hamtramck Assembly Plant 'Factory ZERO’ to Represent the Automaker’s Future

GM's Detroit Hamtramck assembly plant is being retooled to become the company's premier electric vehicle plant where the automaker will build many of its future EVs. The factory is also getting a new name that aligns with GM’s corporate mission of a future with zero crashes, zero emissions and zero congestion.

GM’s Autonomous Driving Division Cruise Granted Permit to Deploy its Self-Driving Vehicles in San Francisco Without Safety Drivers Onboard

In a blog post on Thursday, GM’s autonomous driving division Cruise announced it was granted a permit to operate its self-driving vehicles without a human safety driver behind the wheel, becoming the fifth company granted the new permit in California. However, Cruise will be the first to deploy autonomous vehicles without safety drivers within the city of San Francisco.

Electric Vehicle Startup Fisker Inc. Closes Deal with Magna International to Build its Ocean SUV

On Thursday, California-based electric vehicle startup Fisker Inc. announced that Magna International will supply the vehicle platform and its subsidiary Magna Steyr will build the company's fully-electric Ocean SUV. It will be Magna’s first contract manufacturing deal with an EV startup.

Tesla Challenger Lucid Motors Announces the More Affordable Version of its Air Sedan

After electric automaker Tesla slashed the price of its Model S sedan in the U.S., the company’s newest rival Lucid Motors announced a lower priced version of its luxury-electric Air sedan, as well as prices for the entire model lineup of the Air sedan. The entry level Lucid Air costs $77,400 or $69,900 after the U.S. Federal EV Tax Credit of $7,500. This price point makes it a closer competitor to the Tesla Model S and new Porsche Taycan.

TomTom Extends its Map Editing Partnership with Uber Across its Entire Global Platform

On Tuesday, TomTom announced it will extend its existing partnership that began in 2015 of integrating TomTom’s maps, traffic data, and Maps APIs across Uber’s entire global platform. As part of the ongoing agreement, Uber will serve as a trusted map editing partner to TomTom, leading to even more accurate navigation and location, trip routing, fares, and better arrival time estimates for Uber customers.

XPeng Motors Valued at Over $8.4 Billion Files for U.S. IPO, the Company is Backed by Alibaba and Xiaomi

As existing shareholders continue to increase investments in EVs and related technologies, new participants are optimistic about China's growing electric vehicle market. As a result, electric vehicle startup XPeng Motors has strong financial backing and stamina for future development. The company has cash reserves of 8.2 billion yuan (US$1.19 billion), and is ramping up its investment in R&D.