Dec 06, 2023 5:23 AM WST
BMW and Mercedes-Benz are locked in a close battle to be the top auto importer in South Korea. BMW is trying to reclaim the position from Mercedes-Benz for the first time since 2015. BMW has sold 69,546 vehicles so far this year, just 1,390 units more than Mercedes-Benz. The bestselling models for both brands are the BMW 5 Series and the Mercedes-Benz E-Class.
Dec 06, 2023 5:22 AM WST
NIO, a popular EV stock, is currently priced around the same level as Tesla in 2016. NIO has shown strong growth and competition in the EV market, but it also faces challenges such as a high debt load and macroeconomic headwinds. The author is doubtful that NIO will experience the same astronomical growth as Tesla and advises against buying the stock at this time.
Dec 06, 2023 5:20 AM WST
Morgan has unveiled the XP-1 prototype, an all-electric version of its Super3 three-wheeler. The XP-1 is part of Morgan's EV program, which aims to explore and integrate electric powertrains into its sports cars. The electric powertrain in the XP-1 has been specified by Morgan itself, with the motor, inverter, and battery pack chosen from suppliers. The prototype features a 100kW electric motor, a 33kWh battery pack, and has a range of around 100 miles on a charge in cold weather.
Dec 06, 2023 5:19 AM WST
The National Franchised Dealers Association (NFDA) is calling for more government support for electric vehicles (EVs). In November, new car registrations increased by 9.5%, with fleet registrations up by 25.4%. Battery electric vehicle (BEV) registrations decreased by 17.1%, while plug-in hybrid (PHEV) and hybrid (HEV) registrations increased. The NFDA urges the government to provide incentives and clarity on EV charging infrastructure to encourage private EV adoption.
Dec 06, 2023 5:18 AM WST
The new Suzuki Swift has been revealed with design updates, including a new front grille and updated lights. It will be available with a 1.2-litre three-cylinder mild-hybrid petrol engine and the option of four-wheel drive. Inside, it features a 9.0in touchscreen infotainment system and various safety features. The full specifications will be announced next year. The focus of the new Swift is to provide engaging dynamics and charismatic performance.
Dec 06, 2023 5:17 AM WST
Ilika's EV battery achieves energy density parity with lithium, leading to a jump in stock price.
Dec 06, 2023 5:16 AM WST
The VW Bus Festival 2023 showcased upcoming models from popular car brands like Audi, BMW, Citroen, Ford, MINI, and Skoda, set to be released in 2024.
Dec 06, 2023 5:15 AM WST
The Volkswagen Type 2, also known as the VW campervan, attracts a large following and recently celebrated its 75th anniversary with a festival in Hanover, Germany. The campervan's popularity stems from its versatility, sense of community, and freedom it offers to travel anywhere. The festival showcased over 6,000 VW campervans of all generations, including unique and eccentric creations. The future looks promising for these beloved vans and their passionate community.
Dec 05, 2023 10:22 PM WST
Rivian's CFO, Claire McDonough, announced that a new battery pack will be introduced in 2024 for the R1S and R1T vehicles. This battery pack will be cheaper, lighter, and easier to assemble than Rivian's current packs. It may also allow for a lower starting price for the vehicles. Rivian will be introducing three battery packs, two drive units, and a new network architecture. Production will be adjusted to accommodate these changes. More details will be revealed early next year.
Dec 05, 2023 10:21 PM WST
A former Tesla employee has raised concerns about the safety of the company's self-driving cars, stating that the hardware and software are not ready for public roads. The whistleblower leaked information about customer complaints regarding Tesla's self-driving software and braking. Other employees also reported instances of random braking, known as 'phantom braking'. Tesla has not yet responded to the report.