Audi Rebrands its Premium Car Rental Service to ‘Audi on demand’Nov 21, 2022 9:00 AM WST
Luxury automaker Audi of America announced the rebranding of its “Silvercar by Audi” premium car rental service to “Audi on demand”, which will also offer U.S. customers new long-term rental options for Audi vehicles. The service was expanded to include the new fully-electric Audi e-tron Sportback, making Audi the first and only company to offer the premium SUV as a rental vehicle.
General Motors Announces a Key North American Nickel Supply Deal for Electric Vehicle BatteriesNov 17, 2022 2:00 PM WST
General Motors announced the signing of a term sheet with Vale Canada Limited, a subsidiary of Brazilian mining company Vale S.A., for a long-term supply of battery grade nickel sulfate. The nickel for GM's Ultium batteries will come from Vale’s proposed processing plant in the city of Bécancour, Québec, Canada. Vale is North America’s largest producer of finished nickel.
Electric Automaker Lucid Group Unveils the Lower Priced Air Pure and Air Touring ModelsNov 15, 2022 9:30 AM WST
Luxury electric automaker Lucid Group unveiled two lower priced versions of its Lucid Air sedan, the Air Pure and Air Touring. The Air Touring features a 620-horsepower dual-motor all wheel-drive electric powertrain with a 0-60 mph acceleration time of 3.4 seconds. It has an EPA estimated range of 425 miles, which edges out the 405-mile range of the dual-motor all-wheel-drive Tesla Model S.
Struggling Electric Vehicle Startup Faraday Future Signs Deal to Raise up to $350 Million in Financing to Help it Stay AfloatNov 14, 2022 11:00 AM WST
Electric vehicle startup Faraday Future Intelligent Electric Inc (“Faraday Future”) is set to receive another financial lifeline after the company signed a deal to raise up to $350 million. Faraday Future said that financing from an affiliate of Yorkville Advisors Global with an initial commitment of $200 million gives it the cash it needs to start production and deliver its first EV to customers named the “FF91”.
Tesla Rival NIO Reports a Record 31,607 Electric Vehicles Deliveries in Q3 as Demand GrowsNov 10, 2022 11:15 AM WST
Electric vehicle manufacturer NIO Inc., which is one of Tesla’s biggest rivals in China, reported strong Q3 results on Thursday boosted by growing demand for its technology-packed electric vehicles. NIO delivered 31,607 vehicles in the third quarter of 2022, which represents a 26.1% jump from 25,059 EVs in Q2 and a 29.3% jump from the same period last year.
Automaker BYD is Emerging as One of Tesla’s Biggest Competitors in China, Latest Vehicle Registration Data ShowsNov 08, 2022 11:05 AM WST
Recent data from the China Passenger Car Association (CPCA) provides a snapshot of China’s best selling New Energy Vehicles (NEVs) vehicles from Oct 1 through Nov 6. China’s BYD tops the list with registration of 37,168 NEVs, more than triple that of Tesla. BYD, which is based in Shenzhen, is China's largest manufacturer of EVs.
California’s Electric Vehicle Sales for Q1-Q3 2022 Show That Tesla is Facing Growing CompetitionNov 04, 2022 11:00 AM WST
Recent data from California's Energy Commission, which tracks sales of zero emissions electric vehicles and hybrid modes in the state, show that Tesla's market share is declining now that car buyers in California have more choices when shopping for an EV. These new Tesla rivals include Rivian, Hyundai, BMW, Volkswagen, Ford Motor Co, Audi, Mercedes-Benz and General Motors, all of which have introduced fully-electric models over the past several years.
Tesla is Bringing in Engineers From Shanghai to Help Ramp Up Production Capacity at its California FactoryNov 01, 2022 10:00 AM WST
Tesla is bringing in engineers and production staff from overseas to help boost production capacity at its factory in California to meet growing demand for its vehicles. Approximately 200 automation and control engineers from Tesla’s factory in Shanghai will assist the automaker in making upgrades to its Fremont factory to boost output.
Automotive Supplier MAHLE Developed a Superior Continuous Torque (SCT) Electric Vehicle Motor That Can Run ‘Indefinitely’Oct 31, 2022 9:55 AM WST
Automotive supplier MAHLE, which supplies components to leading automakers Mercedes-Benz, Porsche, BMW, Audi and others, recently announced a breakthrough in electric vehicle motor technology. The company developed a superior continuous torque (SCT) high performance electric motor that can run “indefinitely” without overheating.
Good Time to Buy Into China's EV IndustryOct 27, 2022 8:25 AM WST
The electric vehicle market has found itself in the eye of a global economic storm in recent weeks, but what happens next is uncertain.