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China’s EV Startup Xpeng Motors Exports its First Vehicles to Norway

China’s EV Startup Xpeng Motors Exports its First Vehicles to Norway

Chinese electric vehicle startup and Tesla challenger Xpeng Motors has exported its first batch of vehicles to Europe, expanding its global presence. It's the first time the automaker is selling its electric vehicles outside of its home country.

FutureCar Staff 2020-09-25 11:45 PT

California Governor Signs Executive Order Banning the Sale of New Combustion Engine Vehicles by 2035

California Governor Signs Executive Order Banning the Sale of New Combustion Engine Vehicles by 2035

California Governor Gavin Newsom issued an executive order requiring sales of all new passenger vehicles in the state to be zero-emission by 2035, as well as additional measures to eliminate harmful emissions from the transportation sector. The order will aggressively move the state away from its reliance on fossil fuels while creating jobs and spurring economic growth in the clean energy sector. It will also lead to cleaner air for millions of California residents.

Eric Walz2020-09-23 13:30 PT

Volkswagen’s New ID.3 Electric Car Given Low Marks by German Auto Test Publication

Volkswagen’s New ID.3 Electric Car Given Low Marks by German Auto Test Publication

Germany’s leading automotive test publication Auto Motor und Sport​ wrote that Volkswagen's ID.3, the company's first mass market electric car, falls short in some key areas after testing a pre production model. Although the publication praised the ID.3’s ride characteristics and powertrain, it wrote that the ID.3 needs considerable improvements in other areas.

Eric Walz2020-09-09 11:50 PT

Xpeng Motors Pilots a EV Battery Leasing Option to Make its Electric Vehicles More Affordable

Xpeng Motors Pilots a EV Battery Leasing Option to Make its Electric Vehicles More Affordable

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 Walz2020-09-04 14:00 PT

Shares of Chinese Electric Vehicle Startup Xpeng Motors Soar 54% After its U.S. IPO

Shares of Chinese Electric Vehicle Startup Xpeng Motors Soar 54% After its U.S. IPO

​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 Walz2020-08-27 12:15 PT

China’s Xpeng Motors is Aiming to Raise $1.1 Billion in its U.S. IPO

China’s Xpeng Motors is Aiming to Raise $1.1 Billion in its U.S. IPO

The latest U.S. IPO for an electric automaker is coming from one of China’s rising electric vehicle startups Xpeng Motors. The company announced today that it plans to raise up to $1.11 billion in its upcoming debut on Wall Street.

Eric Walz2020-08-21 15:30 PT

Chinese Electric Vehicle Startup NIO is Offering a Battery Subscription Plan for its Vehicles

Chinese Electric Vehicle Startup NIO is Offering a Battery Subscription Plan for its Vehicles

Chinese electric vehicle startup NIO, which is often referred to as the Tesla of China, has come up with a novel idea for its electric models. The automaker is allowing drivers to subscribe to a battery plan instead of buying it with the vehicle. The company refers to it as a “Battery as a Service” (BaaS) plan, and it’s the first of its kind in the auto industry.

Eric Walz2020-08-21 11:00 PT

The Lucid Motors Air Sedan’s 900-Volt Architecture Allows for Rapid Charging, Adding 300 Miles of Range in Just 20 Minutes

The Lucid Motors Air Sedan’s 900-Volt Architecture Allows for Rapid Charging, Adding 300 Miles of Range in Just 20 Minutes

Today, electric automaker Lucid Motors announced that its upcoming Air sedan will be the quickest charging electric vehicle, with the capability to charge at rates that will add up to 20 miles per minute. This translates into 300 miles of driving range with just a 20 minute charge in real-world conditions, the company said.

Eric Walz2020-08-19 11:15 PT

Battery Maker CATL is Working to Integrate Electric Vehicle Batteries into the Vehicle’s Chassis

Battery Maker CATL is Working to Integrate Electric Vehicle Batteries into the Vehicle’s Chassis

Chinese battery maker Contemporary Amperex Technology Co Ltd. (CATL) announced this week that it's working on a new battery technology that incorporates the battery cells directly into an electric vehicle’s chassis. The novel idea of integrating cells directly into an electric vehicle’s (EV) frame will allow more cells to fit, which can extend range.

Eric Walz2020-08-14 10:45 PT

Lucid Motors Raises the Bar for EV Range With 517 Miles on a Single Charge for its Air Sedan

Lucid Motors Raises the Bar for EV Range With 517 Miles on a Single Charge for its Air Sedan

Luxury electric vehicle startup Lucid Motors can now claim the longest range for a production vehicle using an EPA approved test procedure. The company's first electric vehicle, the ultra-luxurious Lucid Air sedan, achieved an equivalent of 517 miles on a single charge, something that Tesla, or any other automaker, has yet to achieve.

Eric Walz2020-08-11 06:15 PT

Lucid Motors Raises the Bar for EV Range With 517 Miles on a Single Charge for its Air Sedan

Lucid Motors Raises the Bar for EV Range With 517 Miles on a Single Charge for its Air Sedan

Luxury electric vehicle startup Lucid Motors can now claim the longest range for a production vehicle using an EPA approved test procedure. The company's first electric vehicle, the ultra-luxurious Lucid Air sedan, achieved an equivalent of 517 miles on a single charge, something that Tesla, or any other automaker, has yet to achieve.

Eric Walz2020-08-11 06:15 PT

Hyundai Launches IONIQ as a Futuristic New Electric Brand

Hyundai Launches IONIQ as a Futuristic New Electric Brand

South Korean Automaker Hyundai will produce electric vehicles under a dedicated new brand named IONIQ. With the launch of the IONIQ brand, the automaker is aiming to become one of the world's top three manufacturers of battery-powered vehicles by 2025. The first IONIQ model will be the Ioniq 5, a midsize all-electric crossover based on the futuristic 45 concept first unveiled in Sept 2019 at the Frankfurt Auto Show.

Eric Walz2020-08-10 13:45 PT

Chinese Electric Automaker Xpeng Motors Files for U.S. IPO in Bid to Challenge Tesla

Chinese Electric Automaker Xpeng Motors Files for U.S. IPO in Bid to Challenge Tesla

Electric automaker Xpeng Motors is planning to list its shares on the New York Stock Exchange (NYSE), becoming the latest electric vehicle company to launch an IPO in the U.S. to raise new capital to challenge Tesla. Xpeng is hoping to cash in on the current investor trend of pouring money in new electric vehicle startups.

Eric Walz2020-08-09 10:00 PT

Mercedes Benz is Strengthening its Alliance with China’s CATL for the Development of Electric Vehicle Batteries

Mercedes Benz is Strengthening its Alliance with China’s CATL for the Development of Electric Vehicle Batteries

Mercedes Benz announced on Wednesday it will strengthen its alliance with Chinese battery maker Contemporary Amperex Technology Limited (CATL). The automaker is counting on CATL to deliver battery packs capable of providing its future electric vehicles with at least a 435 mile (700 km) range, as well as offering faster recharging times.

Eric Walz2020-08-06 15:00 PT

Hyundai Looking to Boost EV Production to Rival Tesla: Report

Hyundai Looking to Boost EV Production to Rival Tesla: Report

Hyundai, a long-time champion of hydrogen technology, is switching gears to focus on electric-vehicle production to take on Tesla in its home country of South Korea.

Vineeth Joel Patel2020-08-01 06:00 PT

Panasonic Plans to Boost the Power of Tesla’s Vehicle Batteries by 20% in the Next 5 Years

Panasonic Plans to Boost the Power of Tesla’s Vehicle Batteries by 20% in the Next 5 Years

Japan’s Panasonic Corp., which is electric automaker’s Tesla’s exclusive battery partner in the U.S., is planning to boost the energy of its batteries by 20% over the next five years, the head of its U.S. battery business announced on Thursday.

FutureCar Staff 2020-07-30 15:05 PT

Beijing-based Automaker Li Auto Raises $1.47 Billion in its U.S. IPO, Stock Soars Over 43%

Beijing-based Automaker Li Auto Raises $1.47 Billion in its U.S. IPO, Stock Soars Over 43%

Beijing-based automaker Li Auto launched its U.S. initial public offering (IPO), becoming the latest automaker from China to launch a U.S. IPO on the NASDAQ to raise new funding. The Beijing-based automaker sold 95 million American depositary shares (ADSs) for $11.50 on the Nasdaq Global Select Market on Wednesday after marketing them between $8 to $10. On Thursday, Li Auto’s stock surged 42% to $16.32 a share.

Eric Walz2020-07-30 09:45 PT

Lucid Motors Unveils its ‘DreamDrive’ Advanced Driver Assist System for the Upcoming Air Sedan

Lucid Motors Unveils its ‘DreamDrive’ Advanced Driver Assist System for the Upcoming Air Sedan

California-based electric vehicle startup Lucid Motors said its ultra-luxurious and fully-electric Air sedan will feature an advanced driver assist system (ADAS) called “DreamDrive”, which the company says sets a new benchmark for vehicle ADAS in the auto industry.

Eric Walz2020-07-28 06:00 PT

BMW to Build an Electric 5-Series as Part of its New Company-wide Initiative to Reduce CO2

BMW to Build an Electric 5-Series as Part of its New Company-wide Initiative to Reduce CO2

The BMW Group announced it will develop a fully electric 5-series as part of its new, company-wide sustainability initiative, which includes producing a greater number of fully-electric cars in the next decade. The plan also includes reducing CO2 emissions at the automaker’s production facilities.

Eric Walz2020-07-27 11:15 PT

Electric Vehicle Startup Xpeng Motors Announces a US$500 Million Funding Round

Electric Vehicle Startup Xpeng Motors Announces a US$500 Million Funding Round

​Xpeng Motors, which is emerging as one of China's leading new electric vehicle startups, announced a new financing round equal to around US$500 million. The latest funding round follows a Series C funding round of US$400 million in Nov 2019. With its latest funding round, the electric automaker is poised to become a strong competitor to Tesla in China.

Eric Walz2020-07-20 09:00 PT

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