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Toyota to Speed up its EV Development, Will Turn to China for Batteries

Toyota to Speed up its EV Development, Will Turn to China for Batteries

​Toyota Motor Corp is speeding up its timeline of having half of its global vehicle sales electric. To support the ambitious new timeline, Toyota said will turn to Chinese suppliers to supply the batteries needed for the new crop of electric models.

FutureCar Staff 2019-06-07 12:39 PT

Polestar 1 Enters Final Prototype Stage Before Production

Polestar 1 Enters Final Prototype Stage Before Production

​Electric performance car brand Polestar announced that its Polestar 1 electric car, its first ever model, is entering its final prototype state before heading to production.

FutureCar Staff 2019-06-05 12:31 PT

 EV Startup SERES Hires Auto Industry Veteran to Lead its U.S. Operations

EV Startup SERES Hires Auto Industry Veteran to Lead its U.S. Operations

Chinese electric vehicle startup SERES announced today that its board of directors has named James Taylor as CEO. Taylor previously served as general manager and chief marketing officer of Cadillac before taking over the CEO role at former GM truck division Hummer.

Eric Walz2019-05-29 13:04 PT

EV Startup NIO Announces New Joint Venture, Sends Stock 4% Higher

EV Startup NIO Announces New Joint Venture, Sends Stock 4% Higher

Shares in Chinese electric automaker NIO Inc. closed up nearly 4 percent Tuesday, closing at $4.00 a share after the electric automaker posted first-quarter earnings and announced it will form a joint venture with an investment corporation called NIO China.

FutureCar Staff 2019-05-28 18:19 PT

Volkswagen Begins Taking Pre-orders in Europe for the ID Electric Hatchback

Volkswagen Begins Taking Pre-orders in Europe for the ID Electric Hatchback

German automaker Volkswagen AG is ready to take on Tesla in Europe with its first electric car. The automaker is now taking 1,000 euro deposits for its new fully-electric hatchback named the ID.3.

Eric Walz2019-05-08 13:00 PT

Volkswagen Begins Taking Pre-orders in Europe for the ID Electric Hatchback

Volkswagen Begins Taking Pre-orders in Europe for the ID Electric Hatchback

German automaker Volkswagen AG is ready to take on Tesla in Europe with its first electric car. The automaker is now taking 1,000 euro deposits for its new fully-electric hatchback named the ID.3.

Eric Walz2019-05-08 13:00 PT

Cornell Researchers Discover a New Way For Self-Driving Cars to ‘See’ Nearly as Well as Lidar Using Two Cameras

Cornell Researchers Discover a New Way For Self-Driving Cars to ‘See’ Nearly as Well as Lidar Using Two Cameras

Researchers at Cornell University have discovered a simpler method of 3D object detection for autonomous driving vehicles using two inexpensive cameras mounted on either side of the vehicle's windshield, which can detect objects with nearly the accuracy of lidar at a fraction of the cost.

Eric Walz2019-04-25 15:02 PT

EV Startup Lucid Motors Appoints Former Tesla VP of Vehicle Engineering as CEO

EV Startup Lucid Motors Appoints Former Tesla VP of Vehicle Engineering as CEO

Luxury electric vehicle startup Lucid Motors today announced that its Board of Directors has appointed current CTO Peter Rawlinson as CEO, effective immediately. Rawlinson formally served as Vice President of Vehicle Engineering and Chief Engineer of the Tesla Model S, working under Elon Musk.

Eric Walz2019-04-23 11:31 PT

Nikola Motors Reveals its Latest Hydrogen-Electric Vehicles at ‘Nikola World 2019’

Nikola Motors Reveals its Latest Hydrogen-Electric Vehicles at ‘Nikola World 2019’

Last night in Scottsdale, Arizona, hydrogen-electric truck developer Nikola Motor Co unveiled its zero-emission class-8 Nikola Two truck a special event dubbed “Nikola World 2019”. The company says its hydrogen and battery powered trucks will transform the trucking industry.

FutureCar Staff 2019-04-17 13:30 PT

Chairman of EV Startup BYTON to Leave the Company, German Magazine Reports

Chairman of EV Startup BYTON to Leave the Company, German Magazine Reports

The chairman and co-founder of Chinese electric vehicle manufacturer Byton, Dr. Carsten Breitfeld, will leave the company soon, German business monthly Manager Magazin reported on Thursday. The company is facing trouble funding its planned expansion in the Chinese market, causing tensions which prompted the decision, the sources said.

FutureCar Staff 2019-04-11 14:13 PT

EV Startup SF Motors Rebrands as 'Seres', Opening Preorders for its SF5 Crossover Next Week

EV Startup SF Motors Rebrands as 'Seres', Opening Preorders for its SF5 Crossover Next Week

Electric vehicle startup SF Motors has officially changed its name to Seres and announced today that is opening up pre-orders for its first electric vehicle the SF5 crossover next week during the Shanghai Auto Show.

Eric Walz2019-04-10 19:07 PT

U.S. Lawmakers Introduce Bill to Extend Federal EV Tax Credit

U.S. Lawmakers Introduce Bill to Extend Federal EV Tax Credit

A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expand the electric vehicle tax credit to another 400,000 vehicles per manufacturer, on top of the current cap of 200,000 vehicles. The move to expand the credit is intended to encourage the purchase of electric vehicles.

Eric Walz2019-04-10 13:23 PT

FCA to Pay Tesla Hundreds of Millions of Euros for Emission Credits or Face Hefty Fines from the EU

FCA to Pay Tesla Hundreds of Millions of Euros for Emission Credits or Face Hefty Fines from the EU

Fiat Chrysler Automobiles (FCA) formed an open pool with Tesla on Feb. 25, allowing the automaker to pay Tesla for credits to bring down FCA's average emissions of CO2 to a permissible level in the EU.

FutureCar Staff 2019-04-08 12:30 PT

The Trump Administration Says Ending the EV Tax Credit Will Save Taxpayers $2.5 Billion, Automakers Want it Extended

The Trump Administration Says Ending the EV Tax Credit Will Save Taxpayers $2.5 Billion, Automakers Want it Extended

The Trump administration’s new budget proposal is seeking to eliminate the federal EV tax credit on the purchase of electric and hybrid vehicles in the U.S. Critics say the move will cause electric vehicles sales in to fall in the U.S.

Eric Walz2019-03-13 17:44 PT

Chinese EV Startup NIO Announces its 2018 Earnings, Loses $1.4 Billion Last Year

Chinese EV Startup NIO Announces its 2018 Earnings, Loses $1.4 Billion Last Year

Electric automaker NIO released it fourth quarter earnings today reporting mixed results, including a $1.4 billion net loss in 2018.

FutureCar Staff 2019-03-05 17:39 PT

Volkswagen Opens Up its ‘MEB’ Electric Vehicle Platform to Other Companies

Volkswagen Opens Up its ‘MEB’ Electric Vehicle Platform to Other Companies

Volkswagen is aware of the challenges facing companies working on EVs and is willing to lend a hand by sharing some of its electric vehicle technology. The automaker announced it will open its MEB EV platform to third parties, beginning with e.GO Mobile AG, an EV startup based in Aachen, Germany.

FutureCar Staff 2019-03-04 13:21 PT

Chinese Automaker Kandi Gets Approval to Import 2 Electric Models to the U.S.

Chinese Automaker Kandi Gets Approval to Import 2 Electric Models to the U.S.

Chinese automaker Kandi Technologies is bringing two electric model to the U.S. Kandi announced it has received approval from the National Highway Traffic Safety Administration (NHTSA) to import two models to the United States—the Kandi Model EX3 compact SUV and compact Model K22. Both vehicles are fully-electric.

FutureCar Staff 2019-02-20 17:29 PT

Electric Adventure Vehicle Maker Rivian Announces a $700 Million Investment Led by Amazon

Electric Adventure Vehicle Maker Rivian Announces a $700 Million Investment Led by Amazon

​Electric truckmaker Rivian soon may become a major player in the electric vehicle space after receiving a $700 million investment led e-commerce giant Amazon. Rivian first revealed its two electric models, the R1T pickup truck and R1S SUV, at the Los Angeles Auto Show this past November.

Eric Walz2019-02-15 12:13 PT

Xcelerate to Offer Extended Warranties on Used EVs, Including Tesla Vehicles

Xcelerate to Offer Extended Warranties on Used EVs, Including Tesla Vehicles

Texas-based auto finance and leasing company Xcelerate​ announced it will offer extended warranties for the first time on used EVs, including more pricier Tesla models. The company said it’s the first in the U.S. to provide extended warranty coverage for electric vehicles.

FutureCar Staff 2019-02-14 15:52 PT

The Hyundai Kona Electric Named Best EV of 2019 by Edmunds

The Hyundai Kona Electric Named Best EV of 2019 by Edmunds

The Hyundai Kona, the first electric SUV from the South Korean automaker, keeps racking up accolades from the automotive industry. The compact SUV was named the Edmunds Editors’ Choice for best EV of 2019.

FutureCar Staff 2019-02-12 13:47 PT

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