Aug 27, 2020 10:00 AM WST
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.
Aug 13, 2020 6:15 PM WST
Volkswagen has already begun to expand its Chattanooga, Tennessee assembly plant to become its North American center for electric vehicle production, but now the automaker is building a new Engineering and Planning Center (EPC) in Chattanooga for engineering the EVs and batteries of the future, the automaker announced.
Aug 11, 2020 11:30 AM WST
U.S. automaker General Motors has lost one of its top executives with Chief Financial Officer Dhivya Suryadevara unexpectedly departing the company. Suryadevara is leaving the Motor City for Silicon Valley, where she was named CFO of the online payments startup Stripe.
Chinese Electric Vehicle Startup Xpeng Motors in Talks for Another $300 Million in New Funding, Sources SayJul 31, 2020 3:30 PM WST
Xpeng Motors is emerging as one of China’s hottest new electric vehicle startups. Earlier this month, the company announced a $500 million funding round. Now Xpeng is in talks to raise another $300 million, sources told Reuters.
Jul 22, 2020 8:15 AM WST
As a result of Tesla’s incredible stock surge, shares of South Korean battery maker LG Chem, have also risen by 60% this year to a valuation of about US$30 billion, becoming the sixth-largest stock on the benchmark The Korea Composite Stock Price Index (KOSPI). Part of LG Chem’s stock surge can be attributed to the deal to supply batteries to the electric automaker.
Jul 15, 2020 5:10 PM WST
Ride-sharing company Uber Technologies Inc. is seeking an outside investment in its Uber Freight unit, Bloomberg has reported. San Francisco-based Uber held discussions to raise $500 million in a funding round that would give its freight business a standalone valuation of about $4 billion.
California Electric Automaker Fisker to go Public in a Deal That Would Give the Company a $2.9 Billion ValuationJul 13, 2020 5:00 PM WST
Electric automaker Fisker Inc is planning to go public in a deal which would value the California company at $2.9 billion. Fisker plans to list on the New York Stock Exchange through a merger with alternative investment management firm Apollo Global Management, Inc.
Jul 07, 2020 3:50 PM WST
In collaboration with Uber’s partner grocery delivery partner Cornershop, customers in select cities in Latin America and Canada can now order groceries through both the Uber and Uber Eats app. Uber announced that its grocery delivery service will soon be available in the U.S., starting with the cities of Miami, FL and Dallas, TX.
Jun 30, 2020 10:00 AM WST
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 24, 2020 11:00 AM WST
Toyota’s latest corporate governance report was released on Wednesday and it revealed that the automaker holds a $293 million stake in ride-hailing giant Uber Technologies Inc. Toyota said it held 10.25 million shares valued at 31.15 billion yen ($292.46 million) as of March 30, 2020.