Going against the grain, Ford doesn’t believe that investing in battery production for electric vehicles is a strong bet.
Vineeth Joel PatelSep 05, 2020 7:00 AM PT
China’s rising electric car company Xpeng Motors will offer an electric vehicle leasing option for its electric vehicle battery packs, following its rival NIO in China. The leasing option will lower the cost of purchasing a new Xpeng vehicle by not charging the customer for the price of the battery up front.
Eric WalzSep 04, 2020 2:00 PM PT
Self-driving truck developer Torc Robotics, which has been testing its semi trucks in Virginia announced that its expanding to New Mexico this month. The company is establishing a test center in the Albuquerque area. The expansion of on-road testing routes to New Mexico follows a year of working with Daimler Trucks on developing a foundational structure for the commercialization of self-driving trucks.
Eric WalzSep 04, 2020 10:25 AM PT
Navigation and mapping company TomTom has released an innovative new product for automakers called RoadCheck. The program allows automakers to decide where their vehicle can operate safely in autonomous mode using TomTom’s comprehensive map data.
FutureCar Staff Sep 03, 2020 3:30 PM PT
Silicon Valley-based battery maker QuantumScape will become the latest company tuning to Wall Street to raise capital this year in a reverse merger deal with Kensington Capital Acquisition Corp.(NYSE: KCAC), a special purpose acquisition company (SPAC). The deal will result in Volkswagen-backed QuantumScape becoming a publicly listed company with an enterprise value of $3.3 billion.
Eric WalzSep 03, 2020 12:05 PM PT
U.S. automaker General Motors (GM) announced its forming an alliance with Japan’s Honda Motor Co to develop electrified vehicles as well as new propulsion technologies. The goal of the partnership is to accelerate innovation by combining resources.
Eric WalzSep 03, 2020 9:45 AM PT
Luxury automaker Mercedes Benz unveiled the full features the redesigned flagship S-Class sedan today. As expected, the 2021 Mercedes Benz S Class will come packed with technology. Among the most notable features of the new S Class is it’s widescreen AI-Powered MBUX cockpit. The MBUX intelligent display in the new S Class was developed along with Nvidia.
FutureCar Staff Sep 02, 2020 2:30 PM PT
The Lucid Motors Air is designed to be one of the world’s most advanced electric vehicles, offering a range of over 500 miles. That long range is made possible by a highly efficient electric powertrain and battery that Lucid designed entirely in house. It’s designed to be the smallest yet most efficient battery-powered propulsion system.
Eric WalzSep 02, 2020 6:30 AM PT
Tesla vehicles with the latest version of Autopilot get a new feature called “Speed Assist” which uses the vehicle’s cameras to detect speed limit signs to improve the accuracy of speed limit data on local roads, Tesla announced.
Eric WalzSep 01, 2020 2:15 PM PT
On Tuesday, electric automaker Tesla unveiled its biggest program of new share sales as a public company, seeking to cash in on soaring Wall Street interest in the electric carmaker. The new share sales will raise up to $5 billion, which would beef up the company's cash reserves for any future debts.
FutureCar Staff Sep 01, 2020 10:00 AM PT
A U.S. appeals court on Monday overturned the Trump administration’s July 2019 rule seeking to suspend a regulation that more than doubled penalties for automakers failing to meet current fuel efficiency requirements. The hike in penalties was adopted in 2016 by the Obama administration to encourage automakers to produce more fuel efficient vehicles. However the increase was met with resistance from automakers citing it would increase industry compliance costs by $1 billion annually.
Eric WalzAug 31, 2020 12:50 PM PT
BMW has introduced a plug-in hybrid version of the 330e Touring estate and the provisional performance figures of the wagon have been officially announced.
Manish KharintaAug 31, 2020 12:00 PM PT
Finding a Model 3 at the automaker’s boasted price of $35,000 is a difficult task, but a more affordable variant of Tesla’s smallest vehicle is reportedly going to arrive in 2021.
Vineeth Joel PatelAug 30, 2020 6:00 PM PT
While autonomous technology will primarily help people get from one location to another without having to touch the wheel, autonomous tech can also be used to help take the stress out of parking.
Vineeth Joel PatelAug 30, 2020 6:00 AM PT
It might not be much, but General Motors' latest video of the upcoming 2022 Bolt EUV and the refreshed 2022 Bolt EV give us our first look at the brand’s upcoming EVs.
Vineeth Joel PatelAug 29, 2020 7:30 AM PT
China's electric vehicle maker and Tesla rival NIO is offering is 75 million American depositary shares (ADSs) with each one equal to one Class A ordinary share. The decision to present the share offering comes amid a resurgence in the electric vehicle industry led by Tesla.
FutureCar Staff Aug 28, 2020 12:25 PM PT
Electric truck startup Bollinger Motors has unveiled its new DELIVER-E all-electric delivery van concept. The Michigan-based company said the DELIVER-E offers the same technology and components that are used in the company's rugged electric trucks, which is well suited for the delivery market.
Eric WalzAug 28, 2020 10:30 AM PT
Chinese electric vehicle startup Xpeng Motors launched its U.S. IPO on Friday, becoming the third Chinese EV startup to turn to the U.S. stock market to raise capital. Thursday Xpeng's shares soared 54%. The shares are trading on the NYSE under the stock symbol "XPEV."
Eric WalzAug 27, 2020 12:15 PM PT
German automaker Volkswagen has revealed for the first time the exterior look of the production version of the upcoming ID.4 SUV. Up until today, the automaker only shared a few concept drawings of what the new electric SUV might look like. The ID.4 will compete with the Tesla Model Y and other new fully-electric models hitting the market.
Derrick SmithAug 27, 2020 10:00 AM PT
Chinese electric vehicle startup Xpeng Motors has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter told Reuters.
Eric WalzAug 26, 2020 10:45 PM PT
Eric WalzSep 22, 2020 11:45 AM PT
Manish KharintaSep 22, 2020 8:00 AM PT
FutureCar Staff Sep 21, 2020 12:05 PM PT
Vineeth Joel PatelSep 21, 2020 8:15 AM PT