Electric Vehicles
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…
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…
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 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…
BP announced a major agreement with Tesla, which will result in a $100 million order of Tesla’s ultra-fast chargers for its BP Pulse charging network in the U.S. It’s the first time ever that Tesla‘s fast chargers will be purchased for deployment on an independent EV charging network. Rebecca Tinucci, Tesla’s Senior Director of Charging…
Prices on used EVs have dropped enough to counter soaring finance rates and boost affordability. Mazda looks to its rotary heritage for a series-hybrid sports car concept. And Lexus previews EVs and some standout tech in Tokyo concepts. This and more, here at Green Car Reports. The Lexus LF-ZL concept is a long and relatively…
An influx of used EVs is causing prices to drop, particularly when it comes to used Teslas, according to new data from Recurrent. The company, which sells battery health reports for used EVs, also complies quarterly reports on used EV prices using data from partner firm Marketcheck. This latest report also includes wholesale data from…
The United Auto Workers (UAW) strikes that started more than a month ago have been a major disruption for Detroit’s Big Three automakers. Logistics issues and costs aside – GM revealed on its Q3 2023 earnings call this week that every week of strikes costs it $200 million – the strikes also risk hurting Detroit…
Lexus used the 2023 Tokyo auto show to unveil a concept previewing its upcoming EV flagship. Called the Lexus LF-ZL (for “Lexus Future Zero-emission Luxury”), the concept is an SUV measuring 208.6 inches long—about eight inches longer than the current LX SUV and two inches longer than the LS flagship sedan—and based on a dedicated…
Nissan swarmed the opening day of the Japan Mobility Show in Tokyo with four electric vehicle concepts and a bold new design language. While it’s great to see the company that gave the world the Leaf back in top form, the real game-changer might be Nissan’s all-solid-state battery (ASSB) development program. Kazuhiro Doi, corporate vice…
