General Motors’ third-quarter 2023 earnings call has brought some bad news for electric vehicle fans, including delays for several EV models, slower EV production, and EV product spending cuts. But there was also good news about the next-generation Chevrolet Bolt EV, which the company first confirmed in July when it said it would utilize GM’s…
The 2024 Lucid Gravity has been pencilled in for an unveiling at the upcoming LA motor show on November 16, providing new powerful seven-seat opposition to the likes of large battery-powered SUVs like the Tesla Model X, BMW iX and Mercedes-Benz EQS SUV. If you’ve forgotten what Lucid Motors is, you better pay attention as…
Nissan on Thursday revealed the fourth in its series of four “Hyper” concept vehicles on the way for a physical debut at the upcoming Tokyo auto show next week. It says that the Hyper Punk concept is “tailored for content creators, influencers, artists, and those who embrace style and innovation.” To that end, the Hyper…
In September, global sales of plug-in electric cars almost reached a level of 1.3 million units, which is the highest result ever recorded. According to EV-Volumes data, shared by researcher Jose Pontes, 1,291,077 new passenger plug-in electric cars were registered globally in September (23 percent more than a year ago). Rechargeable cars also secured a…
Foxconn (Hon Hai Technology Group) will acquire a 50-percent stake in ZF Chassis Modules GmbH, a unit of ZF Group which bundles the passenger car axle systems assembly and has an enterprise value of approximately €1 billion (approximately US$1.1 billion), enabling a strategic partnership that will further grow opportunities for ZF Chassis and widen new…
Herald Square Ventures also participated in the latest funding round. Electric scooter maker Ather Energy has raised $50 million, led by existing backer Caladium Investment, regulatory filings sourced through business intelligence platform Tofler showed. Herald Square Ventures also participated in the latest funding round. The company has been valued at $700-800 million after the round,…
General Motors’ third quarter earnings call brought several bits of EV-related news, but not all positive. The company revealed that the Chevrolet Equinox EV model (alongside electric pickups) will be delayed to implement some improvements and, in general, to adjust to the current challenging market situation. GM does not say exactly when the Chevrolet Equinox EV…
On Sept. 27-28, Meta rolled out the red carpet at Meta Connect 2023, an event focused on the future of the metaverse, a shared virtual space where people can interact with each other and digital content. The big reveal was “Meta AI,” a new generative AI assistant powered by Meta’s own recipe of a large…
Even as the price of new electric cars continues to drop, $50,000 – which is roughly the average transaction price of a new electric car in the United States – is still a lot of money to spend on a car for a lot of people. So many people are turning to the used EV…
Climate and Ukraine take center stage at the U.N. The U.N. secretary general, António Guterres, convened a special summit yesterday in New York designed to shine a spotlight on the most ambitious global leaders on climate policy. The leaders of the U.S. and China, the world’s biggest polluters, did not get a turn at the…
