China’s Tesla Challenger Xpeng is Already Building a Second EV Factory to Support its Planned GrowthMay 16, 2021 12:00 PM WST
Chinese electric vehicle startup Xpeng Inc. announced on Thursday that it entered into a cooperation agreement with the City of Wuhan to build a new Smart EV factory. The EV factory will be Xpeng’s second production facility and will have an annual capacity of 100,000 vehicles, which will help Xpeng better compete with Tesla and other domestic rivals in the growing China EV market.
Tesla Chief Elon Musk Assures Customers in China That its Vehicle Cameras Are Not Active, Addressing Recent Security ConcernsMay 14, 2021 8:00 AM WST
Last month the Chinese military banned Tesla cars from entering its complexes in China, citing security concerns over cameras in its vehicles. So Tesla Chief Executive Elon Musk is downplaying the security threats of models sold in China, assuring customers on social media that Tesla's "Sentry Mode" cameras are not active outside of the U.S.
General Motors Confirms it Will Build an Electric Chevy Silverado Pickup, Sending its Stock Price to a Record HighMay 13, 2021 3:40 PM WST
Just days after teasing the new Hummer EV SUV, automaker General Motors is gearing up to build more electric pickup trucks, beginning with a battery-powered version of the popular Chevy Silverado. The electric Silverado will go into production late next year at GM’s Detroit-Hamtramck assembly plant, a source familiar with the U.S. automaker’s plan said on Tuesday.
May 12, 2021 3:00 PM WST
During Monday's trading session, shares of Tesla hit their highest levels since March 17 after Tesla’s encouraging Q1 production and delivery report released last Friday. Tesla’s stock closed up $29.30 (4.43%) for the day at $691.05. With Monday’s gains, Tesla is on track to add roughly $50 billion to its market value in a single day.
May 09, 2021 8:30 AM WST
Tesla reported its Q1 results on Friday which beat Wall Street estimates for first-quarter deliveries. Tesla’s sales were boosted by strong demand for the Model Y. The company produced 180,338 Model 3 sedans and Model Y crossovers in Q1 and delivered 182,780 of them.
Volvo’s Electric Brand Polestar is Partnering in a Swedish Energy Project to Accelerate the Development of Vehicle-to-Grid TechnologyMay 08, 2021 9:45 AM WST
Volvo’s new electric vehicle brand Polestar is part of a new joint project with four other companies in Sweden to accelerate the development of Vehicle-to-X (V2X) technology, including Vehicle-to-Grid (V2G) and Vehicle-to-Home (V2H). The project is being supported by the Swedish Energy Agency.
May 05, 2021 6:00 PM WST
Along with Volkswagen’s commitment to building millions of electric vehicles, the company might be getting a new name. According to a leaked press release that was inadvertently posted online on Monday, the automaker is considered a name change to “Voltswagen.” The press release has people scratching their heads wondering just what Volkswagen is up to.
Silicon Valley Autonomous Delivery Vehicle Startup Nuro Closes on $500 Million Series C Funding RoundMay 02, 2021 12:30 PM WST
Silicon Valley-based startup Nuro, which is building compact autonomous delivery vehicles that can carry groceries, restaurant meals or parcels, closed on its latest $500 million Series C financing round. Nuro’s latest financing includes the first investment by Woven Capital, the newly established growth stage fund from Woven Planet, a Toyota subsidiary.
May 01, 2021 1:40 PM WST
Location and mapping company TomTom announced today its new TomTom Navigation for Automotive, a cloud-native hybrid navigation solution developed for the automotive industry. The system takes advantage of the latest advances in cloud-computing to offer more capabilities. TomTom’s Navigation for Automotive offers fast and up-to-date routing, search functions, and maps that are always up to date.
Apr 29, 2021 12:30 PM WST
Porsche announced that its has updated all of last year’s electric Taycan models sold around the world with the latest software free of charge, meaning that customers that purchased a Taycan in 2020 can now get all of the same features and updates offered in the newest Taycan models. Porsche says these software updates offer improvements to the Taycan’s driving dynamics, intelligent charging functions, as well as additional functions for the Porsche Communication Management (PCM) system.