The Saudi sovereign wealth fund PIF (Public Investment Fund) and Hyundai Motor Company have announced the signing of a joint venture agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%. Hyundai will also act as a…
The Tesla Model Y is on a roll when it comes to sales on the Old Continent, with preliminary data from Dataforce showing that the American midsize electric crossover is poised to become Europe’s best-selling car in September. According to Automotive News Europe, the German-made EV has been the most popular car in this part…
Taiwan’s Hon Hai Technology Group (Foxconn), the world’s largest technology manufacturer, has unveiled the new MODEL N electric cargo van at its 4th annual Hon Hai Tech Day (HHTD23). At the same time, Foxconn signaled mass production plans for a sporty and intelligent crossover, the MODEL B; provided an update on the commercial production of…
EAM said it is in advanced talks with several battery manufacturers to buy its products, but did not name the companies. India’s Epsilon Advanced Materials (EAM) plans to open a USD 650-million battery materials and components plant in North Carolina in 2026 that could eventually supply up to 1.1 million electric vehicles in the U.S.,…
The outrageous BYD Yangwang U8 luxury SUV is headed for Australia. Local BYD importer Luke Todd has confirmed the deal is done and examples of the 880kW heavy duty off-roader could roll into local showrooms as soon as late 2025. A far cry from the affordable battery electric vehicles led by the Atto 3 with…
The Hyundai Ioniq 6 electric sedan is seeing significant price cuts of up to $4,100 – or 10 percent – for the 2024 model year even though it only launched in the U.S. this spring. A Hyundai spokesman confirmed the 2024 Ioniq 6 price reductions for InsideEVs after the news was first reported by Car and Driver….
The 2024 Prius Prime is the versatile plug-in hybrid, capable of handling most daily commutes, with a manufacturer-estimated all electric range of up to 44 miles. When the longer-haul calls, its fuel-efficient hybrid powertrain is ready to keep going with up to a manufacturer-estimated 52 MPG combined rating on the SE grade. Add in a…
Electric cargo bikes are reshaping urban mobility in many parts of the world. In Europe, they’ve been around for quite some time now, and have proven to be viable replacements to cars on daily commutes and errands around town. In the US, they’re picking up some steam, too, as evidenced by the growing number of…
Tesla appears to be working on a ‘Sport’ variant of the facelifted Model 3, information extracted from the automaker’s latest software update shows. Tesla hacker Green, aka @greentheonly on X, has discovered new details about an as-yet-unannounced trim of the Model 3 for the U.S. market. Green, who is constantly digging for new information by analyzing…
Last year, the company retailed around 12,000 units. Piaggio Vehicles appointed 11 dealership network across Tamil Nadu following the launch. Piaggio Vehicles Pvt Ltd, the subsidiary of Italian automaker Piaggio & C. SpA, has sold about 26,000 units of its electric three-wheelers this year. The Indian subsidiary had retailed about 12,000 units last year, Amit…
