One day after electric automaker Tesla became the world’s most valuable automaker with a market cap of $206 billion, the California automaker reported vehicle deliveries which beat analysts expectations, sending the company’s stock to record highs. Shares of Tesla jumped by $85 in early trading on Thursday to $1,204, the highest stock price since Tesla became a public company in 2010.
Jul 02, 2020 11:00 AM PT
Self-driving truck startup TuSimple announced today the launch of freight delivery service with some of the world’s leading shipping companies, United Parcel Service (UPS), Penske, U.S. Xpress, and McLane. TuSimple says its the world’s first autonomous freight delivery service.
Jul 01, 2020 5:45 PM PT
Toyota Motor Corp is an industry leader in developing advanced automotive safety systems and its latest technology will reduce the chance of an accident and vehicle damage if a driver misapplies the accelerator pedal. The feature is called “Acceleration Suppression System” and its is being introduced on the Toyota Prius and Prius PHV models in Japan starting July 1.
Jul 01, 2020 1:15 PM PT
Electric vehicle startup Byton, which hoped to bring its futuristic M-Byte SUV to the market by this year, announced that it is suspending its operations for the next 6 months, beginning on July 1. Byton is suspending operations to review its business operations amid China’s cooling auto market. However, sources inside and outside of the company said that the chances Byton will emerge from its self-imposed hiatus seems unlikely.
Jun 30, 2020 1:00 PM PT
The California electric automaker Lucid Motors announced that it has achieved a new benchmark in aerodynamic efficiency for its upcoming electric sedan. The Lucid Air underwent testing at North Carolina’s Windshear automotive wind tunnel and achieved a verified a coefficient of drag (Cd) of just 0.21, making the Air the world's most aero-efficient luxury cars.Jun 30, 2020 10:00 AM PT
San Francisco-based online auto retailer Shift Technologies said on Monday it plans to go public later this year through a reverse merger with blank-check company Insurance Acquisition Corp. As the coronavirus pandemic keeps car buyers away from dealer showrooms, online car sellers, including Shift, Vroom and Carvana are seeing a big increase in business.Jun 29, 2020 4:15 PM PT
Chinese electric vehicle startup and Tesla rival Xpeng Motors has started country-wide deliveries of its new flagship P7 electric sedan China. The P7, which is dubbed as a “smart sedan”, is a strong competitor to the Tesla Model S in China, offering a similar level of high tech features and electric performance for about half the price.Jun 29, 2020 12:45 PM PT
Nissan officially announced that it will be unveiling it new, all-electric Ariya crossover on July 15th and here's what you need to know.Jun 28, 2020 4:00 PM PT
Apple’s iOS 14 operating system will allow electric-car owners to plan their route by automatically choosing electric charging stations to stop at along the way.Jun 28, 2020 6:00 AM PT
The first year the all-electric automaker was included in the market research firm’s study, it comes in dead last.Jun 27, 2020 6:00 AM PT
Electric-vehicle owners wanting to go from Washington, D.C. to Los Angeles, CA can now complete a trip thanks to Electrify America’s completion of a cross-country charging route.Jun 26, 2020 4:30 PM PT
Waymo is becoming an exclusive partner for the Volvo Car Group and will integrate its self-driving technology stack in Volvo vehicles. Initially, the two companies will work together to integrate an all-new mobility-focused electric vehicle platform for ride hailing services. The electric vehicles will be built by Volvo's new electric brand Polestar.Jun 26, 2020 2:00 PM PT
E-commerce giant Amazon is making its first big investment in self-driving technology and announced it signed an agreement to purchase Silicon Valley-based self-driving startup Zoox. The company developed an autonomous bi-directional vehicle from the ground up, as well as the entire software stack that controls it.Jun 26, 2020 9:00 AM PT
At a livestream event today in Ohio, electric vehicle startup Lordstown Motors officially revealed its first vehicle, the fully-electric Endurance pickup truck. The Endurance is targeting a commercial market segment currently dominated by the popular Ford F-Series pickups and trucks from General Motors and its truck division GMC.Jun 25, 2020 12:00 PM PT
Electric automaker Tesla is reportedly planning to build a new battery research and manufacturing facility in the U.S., as part of its secretive "Roadrunner" project, according to documents filed in California.Jun 25, 2020 9:00 AM PT
The National Highway Traffic Safety Administration (NHTSA) said on Tuesday it had opened an investigation into 63,000 Tesla Model S electric sedans after owner reports of media-control unit failures that led to the loss of the use of center-mounted touchscreens.Jun 24, 2020 2:00 PM PT
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