U.S.-listed electric vehicle startup NIO Inc is emerging as one of China’s promising new electric vehicle startups. The company has reached deliveries of 200,000 electric vehicles. Reaching deliveries of 200,000 vehicles is a significant milestone for NIO after launching its first mass-market vehicle, the ES8 SUV, in 2018.
Eric Walz2022-05-16 16:15 PT
Electric vehicle startup NIO Inc is planning to launch its latest model soon named the ES7, which is a fully-electric SUV that will compete with Tesla’s Model Y and BMW’s X5L SUV that’s sold in China. Although NIO has yet to reveal the full specs of its latest electric vehicle, the details were recently leaked in a regulatory filing in China ahead of its pending launch.
FutureCar Staff 2022-05-13 15:30 PT
Tesla Chief Executive Elon Musk is apparently getting cold feet after agreeing to purchase social media platform Twitter last month for $44 billion. On Friday, Musk tweeted that his $44 billion deal to purchase Twitter was “temporarily on hold”. He said he was waiting for data on the number of fake accounts on the platform, referring to a Reuters report from ten days ago that cited the fake account figures.
Eric Walz2022-05-13 07:30 PT
Toyota’s Woven Planet Holdings, which is working on advanced technology for the automaker including autonomous driving, is taking a new camera-based approach in advancing its self-driving development without the use of expensive vehicle sensors such as lidar, Reuters reported on Wednesday. The team at Woven Planet views it as a "breakthrough" that may help drive down costs and better scale Toyota’s autonomous driving technology.
Eric Walz2022-04-06 10:45 PT
Tesla Chief Executive Elon Musk purchased 73,486,938 shares of social media platform Twitter, equal to roughly a 9.2% stake in the company. Musk’s major purchase of Twitter shares was revealed in a U.S. Securities and Exchange commission (SEC) filing on Monday. It’s unclear what Musk’s intentions are for the investment, but the mercurial Chief Executive of the world’s most valuable car company has complained recently that Twitter is censoring free speech.
FutureCar Staff 2022-04-04 12:30 PT
Electric electric vehicle startup Xpeng Inc continues to report rising sales for its smart electric vehicles as the company takes on Tesla. The company reported its 2022 Q1 deliveries on Friday along with its monthly totals for March. Monthly delivery of XPeng's flagship P7 sedan exceeded 9,000 units for the first time ever in March.
Eric Walz2022-04-01 07:45 PT
Electric vehicle startup NIO Inc, which is one of Tesla’s main competitors in China, announced that deliveries of its new flagship ET7 sedan have officially started. Representatives of NIO delivered the first ET7s to customers at the company’s headquarters in Hefei, China on March 28.
FutureCar Staff 2022-03-28 16:30 PT
Apparently, an order of 100,000 Model 3 electric sedans last year wasn’t enough for Hertz, as the rental car company is now looking to add Model Y SUVs to its fleet.
Vineeth Joel Patel2022-03-27 07:15 PT
Polestar, the new electric brand established in 2017 and operated by Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding ("Geely"), has announced that its more affordable, single-motor, front-wheel-drive Polestar 2 hatchback is now available in the U.S. The single-motor Polestar 2 offers up to 270 miles of range and has a starting price of $45,900 before incentives, which is the lowest priced vehicle in Polestar’s current lineup.
FutureCar Staff 2022-03-24 15:30 PT
Electric vehicle startup and Tesla challenger Xpeng Inc announced the production of its 100,000th P7 smart sedan, the company's flagship model that launched in 2020. To commemorate the 100,000 P7, Xpeng unveiled the “P7 562E Black Label Edition” today at its factory in Zhaoqing, China. The Black Label Edition is based on the P7 all-wheel drive high-performance version that’s already on sale.
FutureCar Staff 2022-03-23 08:30 PT
As Toyota Motor North America prepares for the launch of its first electric vehicle in the U.S. next year with the debut of the battery-powered bZ4X SUV, the automaker wants to ensure that its EV customers will have seamless access to charging both at home and at public chargers. The automaker announced today it will work with EV charging provider ChargePoint, Inc. that will help ensure that bZ4X drivers will have access to convenient charging solutions.
Eric Walz2022-03-22 15:15 PT
Stuttgart-based sports car manufacturer Porsche is the latest automaker to commit to electrifying its model lineup. The automaker announced on Friday at its annual press conference that its aims for 80% of its vehicles to be fully-electric by 2030. Porsche intends to develop electric versions of its most popular sports cars, including the 718, which is set to debut in 2025.
Eric Walz2022-03-18 10:00 PT
Tesla customers can substantially cut their delivery times for the Model 3 and ModelY by purchasing the Full Self-Driving (FSD) add-on, which is a $12,000 option on top of the price of the vehicle.
Manish Kharinta2022-03-14 07:00 PT
Electric vehicle startup Xpeng Inc. continues its expansion outside of its home country of China as it looks to become a global electric car company like Tesla. The company has just opened reservations for its new P5 sedan in Europe. It is the third EV that Xpeng is offering in Europe, following the previous exports of the G3 SUV and flagship P7 smart sedan to Norway.
Eric Walz2022-03-10 09:15 PT
Luxury electric carmaker Lucid Group announced its 2021 Q4 results on Monday which included revenue of $26.4 million. As of Feb 28, 2022, Lucid said it produced over 400 vehicles, with 125 delivered to customers before the end of 2021 and roughly 175 more since the beginning of the new year. Lucid also said its has over 25,000 reservations for its luxury-electric Air sedan, representing potential sales of $2.4 billion.
FutureCar Staff 2022-02-28 16:00 PT
California-based luxury electric automaker Lucid Group is issuing its first recall to inspect the front suspension on roughly 200 Lucid Air sedans. The recall is to inspect a part of the Air’s front strut dampers, which may have been improperly installed due to an error by a supplier, Lucid said in an email to Air sedan customers.
FutureCar Staff 2022-02-22 11:55 PT
Chinese electric vehicle startup and Tesla challenger XPeng Inc, announced today it has reached strategic partnerships in both the Netherlands and Sweden to sell its vehicles. As part of the expansion to the two European countries, XPeng will open new retail stores in Europe. The company says its new retail agreements are a "major breakthrough" for its European expansion.
Eric Walz2022-02-10 09:30 PT
Electric vehicle startup XPeng Inc announced that its shares will be included in the Shenzhen-Hong Kong Stock Connect Program, which will allow investors in mainland China to buy shares of the company for the first time. Xpeng became the first EV company to achieve a dual-primary listing on both the New York Stock Exchange and the Hong Kong Stock Exchange on July 7, 2021, after its shares began trading in Hong Kong.
Eric Walz2022-02-09 10:00 PT
Electric vehicle startup XPeng, which is one of Tesla’s biggest competitors in China, is off to a strong start in the new year. The company announced its delivered 12,992 electric vehicles in the month of January. It was the company’s fifth consecutive month of over 10,000 EV deliveries and represents a 115% increase year-over-year.
Eric Walz2022-02-01 12:30 PT
Electric performance brand Polestar announced the opening of its 16th retail showroom in the U.S. on California’s famed Pacific Coast Highway. The prime location in Laguna Beach will reach customers living throughout Orange County, a key market for EVs and the second largest one in California. Polestar’s new location will give customers the opportunity to experience Polestar vehicles first-hand and ask questions in a non-traditional, low pressure environment without salespeople.
FutureCar Staff 2022-01-31 11:45 PT
Eric WalzMay 16, 2022 4:15 PM PT
FutureCar Staff May 16, 2022 10:30 AM PT
Vineeth Joel PatelMay 15, 2022 7:00 AM PT
Vineeth Joel PatelMay 14, 2022 3:00 PM PT