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Sweden-based EV Battery Startup Northvolt, Founded by Former Tesla Execs, Raises $2.75 Billion in New Equity

Sweden-based EV Battery Startup Northvolt, Founded by Former Tesla Execs, Raises $2.75 Billion in New Equity

Northvolt, a EV battery manufacturer founded by two former Tesla employees, announced the signing of a $2.75 billion private placement to finance further battery cell production capacity and R&D efforts to meet the increasing demand for EV batteries from customers, including automakers Volkswagen and BMW.

Eric Walz2021-06-11 09:45 PT

Tesla’s Battery Supplier CATL Plans to Build a Major EV Battery Factory in China

Tesla’s Battery Supplier CATL Plans to Build a Major EV Battery Factory in China

Chinese battery manufacturer Contemporary Amperex Technology Limited (CATL) is planning to build a major new electric vehicle battery plant in Shanghai, as the company looks to become the world's biggest supplier of EV batteries. The company also aims to expand its partnership with Tesla and become its biggest battery supplier.

Eric Walz2021-06-03 10:45 PT

Tesla Challenger XPeng Inc. Reports a 483% Surge in Year-Over-Year May Deliveries

Tesla Challenger XPeng Inc. Reports a 483% Surge in Year-Over-Year May Deliveries

​Xpeng Inc., one of Tesla’s biggest competitors in China, continues to report growing EV sales. The company announced its vehicle delivery results for May 2021, which included sales of 5,686 electric vehicles. The total represents a 483% increase in year-on-year sales for the month of May.

Eric Walz2021-06-01 14:30 PT

Volvo’s Electric-Performance Brand Polestar Launches Mobile Service Program for the U.S.

Volvo’s Electric-Performance Brand Polestar Launches Mobile Service Program for the U.S.

​Electric-performance brand Polestar Cars, a dedicated EV brand jointly owned by automakers Volvo and its parent company Chinese automaker Zhejiang Geely Holding (Geely), has announced a new mobile service plan. Under the program, a Polestar technician will visit a customer’s location to perform a variety of services, including software updates and minor repairs.

Eric Walz2021-05-28 08:00 PT

Senate Finance Committee Advances Bill That Includes Raising the Federal Tax Credit up to $12,500 on U.S.-Made EVs

Senate Finance Committee Advances Bill That Includes Raising the Federal Tax Credit up to $12,500 on U.S.-Made EVs

​After a hearing on Wednesday, the U.S. The Senate Finance Committee advanced legislation for the “Clean Energy for America Act”, which includes a proposed increase to the current federal EV tax credit of up to $7,500 on the purchase of a zero emissions electric vehicle. The bill also includes a 30% tax credit for manufacturers to retool or build new facilities to produce advanced energy technologies including EV batteries, as well as incentives to for the purchase commercial electric vehicles.

Eric Walz2021-05-27 14:00 PT

Ford is Boosting its EV Investments to More Than $30 Billion, Stock Reaches 5-Year High

Ford is Boosting its EV Investments to More Than $30 Billion, Stock Reaches 5-Year High

U.S. automaker Ford is boosting investments in electrification as it looks to take on Tesla, Volkswagen and General Motors and others in the electric vehicle space. The increased investments in EVs is part of a plan called "Ford+" in which Ford would be more like a technology company rather than an automaker in the eyes of investors.

FutureCar Staff 2021-05-26 13:35 PT

Lucid Motors Reveals the Elegant ‘Lucid User Experience’ for the Upcoming Air Sedan

Lucid Motors Reveals the Elegant ‘Lucid User Experience’ for the Upcoming Air Sedan

​Luxury-performance electric vehicle startup and Tesla challenger Lucid Motors unveiled its technology-packed Lucid User Experience (Lucid UX) on Wednesday which will be the foundation on how drivers and passengers interact with the controls and features in the electric Lucid Air sedan, the company’s first vehicle.

Eric Walz2021-05-26 10:05 PT

Ford is Taking its Electric Mach-E SUV on a 6,500-Mile Cross Country Trip to Demonstrate its Capabilities & Technology

Ford is Taking its Electric Mach-E SUV on a 6,500-Mile Cross Country Trip to Demonstrate its Capabilities & Technology

Ford is kicking off a marketing campaign called “Ocean to Ocean Reimagined” to showcase the new Mach-E. The cross country journey will offer product experiences along the way to demonstrate the features of Ford’s debut electric vehicle. In total, The Mach-E will travel nearly 6,500 miles across 20 states in a span of 50 days.

Eric Walz2021-05-17 12:15 PT

China’s EV Startup XPeng Reports Record Q1 Earnings as it Takes on Tesla in the World's Biggest Auto Market

China’s EV Startup XPeng Reports Record Q1 Earnings as it Takes on Tesla in the World's Biggest Auto Market

​Chinese electric vehicle startup and Tesla challenger Xiaopeng Motors ("XPeng") announced its first quarter results on Thursday, which included a big jump in vehicle deliveries and gross revenue. The company reported total revenues were RMB2,950.9 million (US$450.4 million) for the first quarter of 2021, representing an increase of 616.1% from the same period last year and a 3.5% increase from Q4 2020.

Eric Walz2021-05-13 15:30 PT

The NTSB Determines That Tesla’s Autopilot Was Not Active in a Fatal Crash in Texas After Investigators Claimed ‘No One Was in the Driver’s Seat’

The NTSB Determines That Tesla’s Autopilot Was Not Active in a Fatal Crash in Texas After Investigators Claimed ‘No One Was in the Driver’s Seat’

After an investigation into a Tesla Model S crash in Texas that killed two passengers, the National Traffic Safety Board (NTSB) determined that Autopilot could not have been active without a driver behind the wheel. Local police claimed there was no one in the driver’s seat at the time of the crash, fueling rumors that Tesla's Autopilot could be somehow engaged without a driver behind the wheel.

FutureCar Staff 2021-05-10 16:00 PT

The Audi A7 PHEV Named Best Luxury Plug-in Hybrid of 2021 by U.S. News & World Report

The Audi A7 PHEV Named Best Luxury Plug-in Hybrid of 2021 by U.S. News & World Report

The 2021 A7 55 TFSI e plug-in hybrid electric vehicle (PHEV) from Volkswagen’s ’s luxury brand Audi has been recognized as the U.S. News & World Report’s Best Luxury Plug-in Hybrid of 2021​. Other vehicles that made the list include the 2021 Chevy Bolt EV, which was crowned the best electric car, and Tesla Model Y as best luxury electric vehicle.

FutureCar Staff 2021-05-04 15:15 PT

The SEC Opened Inquiry into Volkswagen Over its Marketing Stunt of Changing its Name to ‘Voltswagen’

The SEC Opened Inquiry into Volkswagen Over its Marketing Stunt of Changing its Name to ‘Voltswagen’

The U.S. Securities and Exchange Commission opened an inquiry into automaker Volkswagen over a marketing stunt last month suggesting that the company was changing its name to "Voltswagen" to reflect its future commitment to producing electric vehicles. The false report pushed up VW’s preferred shares, common shares and ADRs on the day it was announced, which led to the SEC probe of the company.

FutureCar Staff 2021-04-30 15:30 PT

Senators Push NHTSA for Action After Latest Tesla Accident

Senators Push NHTSA for Action After Latest Tesla Accident

The two United States senators are requesting the NHTSA to develop more guidance concerning driver-assist systems after the latest accident involving Tesla’s Autopilot system.

Vineeth Joel Patel2021-04-24 07:00 PT

First Edition Mach-E Buyers Are Getting a 3D-Printed Pony Sculpture as a Gift From Ford

First Edition Mach-E Buyers Are Getting a 3D-Printed Pony Sculpture as a Gift From Ford

Ford customers that reserved a Mustang Mach-E First Edition are getting an unexpected surprise from the automaker in the form of a 3D printed sculpture created by the team at Ford Advanced Manufacturing. The wireframe pony sculpture matches the color of their Mach-E.

Eric Walz2021-04-23 09:00 PT

China’s Tesla Challenger Xpeng Opens Orders for the New P5 Sedan, the Company's Third EV

China’s Tesla Challenger Xpeng Opens Orders for the New P5 Sedan, the Company's Third EV

​This week, Chinese electric vehicle startup and Tesla challenger XPeng kicked-off the annual Auto Shanghai car show with the debut of the company’s new P5. Now fresh of the unveiling in China, Xpeng announced it has opened preorders for the P5, with deliveries starting in the fourth quarter of this year.

FutureCar Staff 2021-04-22 15:55 PT

Tesla Drops its Lawsuit Against Former Engineer Accused of Stealing IP and Sharing it With Rival EV Startup Xpeng

Tesla Drops its Lawsuit Against Former Engineer Accused of Stealing IP and Sharing it With Rival EV Startup Xpeng

​Chinese electric vehicle startup Xpeng announced that Tesla has dropped its lawsuit against one of its former employees. The suit was filed in 2019 with the Northern California U.S. District Court over the theft of intellectual property (IP) related to Tesla’s Autopilot autonomous driving system, which the former engineer worked on before being recruited by Xpeng.

FutureCar Staff 2021-04-17 08:00 PT

Mercedes Benz Unveils the EQS Electric Sedan, the Flagship Model That Represents the Automaker’s Future

Mercedes Benz Unveils the EQS Electric Sedan, the Flagship Model That Represents the Automaker’s Future

Mercedes Benz has teased its upcoming EQS electric sedan for the past two years with the unveiling of various concepts. Now the vehicle has been unveiled in its production form for the first time. Mercedes said its EQS is the world’s first “luxury class” electric sedan. It's also the first vehicle built on a new, dedicated electric vehicle platform.

FutureCar Staff 2021-04-15 14:20 PT

Electric Brand Polestar Raises $550 Million in its First External Investment Round

Electric Brand Polestar Raises $550 Million in its First External Investment Round

Electric vehicle brand Polestar, which is jointly owned by Swedish automaker Volvo and Chinese automaker Zhejiang Geely Holding (Geely), announced it raised $550 million in its first ever outside investment round. The new financing comes as investors pour money in electric vehicle stocks and related companies working on advanced mobility, including EV battery technology and self-driving vehicles.

Eric Walz2021-04-15 09:45 PT

The FCC Grants Waiver Requests to Six Developers of Radar-based Vehicle Cabin Monitors, Including Tesla

The FCC Grants Waiver Requests to Six Developers of Radar-based Vehicle Cabin Monitors, Including Tesla

The FCC’s Office of Engineering and Technology granted six waiver requests from equipment manufacturers and automakers to supply and operate in-cabin millimeter wave radar systems operating in the 60 GHz spectrum band. Millimeter wave radar technology is being used to develop advanced occupant monitoring systems designed to prevent a child or pet being left behind in a hot car.

FutureCar Staff 2021-04-14 16:45 PT

China’s Tesla Challenger Xpeng Reveals its New P5 Fastback, the World’s First Production EV Equipped with Lidar for Autonomous Driving

China’s Tesla Challenger Xpeng Reveals its New P5 Fastback, the World’s First Production EV Equipped with Lidar for Autonomous Driving

Chinese electric vehicles startup XPeng Motors revealed its third production model named the P5, which is the world’s first production EV equipped with automotive-grade LiDAR technology to support the vehicle’s autonomous driving capabilities. The P5 is a fully-electric four door fastback packed with cutting edge technology, including Xpeng’s XPILOT 3.5 autonomous driving system.

Eric Walz2021-04-14 11:30 PT

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