Smart Cars
Honda, Nissan, and Mitsubishi Sign Strategic Memo to Bolster EV Development
August 02, 2024 – Japan’s three leading automakers, Honda, Nissan, and Mitsubishi, have officially signed a strategic cooperation memorandum today, initiating discussions on a framework for collaboration in intelligent and electrified vehicles. This move comes after Nissan and Honda had previously inked a strategic partnership memorandum of understanding on March 15th. Under the new agreement,…
BYD and Uber Forge Alliance, Bringing 100,000 EVs to Global Ride-Hailing Scene
August 01, 2024 – Uber Technologies and BYD Company Limited have announced a long-term strategic partnership that will introduce 100,000 BYD electric vehicles to the Uber platform in multiple global markets. Moreover, the two companies will collaborate on the development of autonomous driving technology, with plans to deploy BYD’s self-driving vehicles on the Uber platform….
Tax Dodging Trend Fuels Surge in Popularity of Chinese EVs in Europe, Hitting Record Market Share in June
July 31, 2024 – Chinese automakers achieved a record-high market share of 11% in the European electric vehicle (EV) market in June, primarily driven by a pre-tariff buying surge as consumers rushed to purchase cars before the implementation of new EU tariffs on Chinese imports. According to data, including the UK, around 23,000 EVs were…
German Antitrust Authority Gives Green Light to Volkswagen-Rivian Joint Venture
July 30, 2024 – The German antitrust regulatory authority, the Bundeskartellamt, announced on July 29 local time that it has approved the establishment of a 50%-50% joint venture between Volkswagen and the American automotive startup Rivian. The regulator also gave the nod for Volkswagen to acquire a minority stake in Rivian. Volkswagen had previously declared…
FSD Feature Expected to Be Available for Cybertruck in the Coming Month
July 29, 2024 – During the X Takeover live event, Elon Musk, the CEO of Tesla, revealed that the latest version of FSD (Full Self-Driving, Supervised), v12.5, is expected to be available for the Cybertruck in mid-August. According to Musk, the new FSD update should be operational on the Cybertruck within the next two to…
Facing Profit Decline, Stellantis Considers Shutting Down or Selling Unprofitable Brands
July 29, 2024 – Following a significant drop in profits during the first half of this year, Stellantis CEO Carlos Tavares has indicated a possible sale of the company’s underperforming brands. In an interview on the 26th, as reported by Autocar, Tavares warned, “If they are not profitable, we will shut them down. We cannot…
J.D. Power Study Reveals Tesla’s Dip in Consumer Satisfaction, While Traditional Carmakers Gain Ground
July 29, 2024 – According to the latest J.D. Power 2024 U.S. Automotive Performance, Execution and Layout (APEAL) study, consumer satisfaction with Tesla has declined, while brands like Rivian, Porsche, and Jaguar have emerged at the forefront of the rankings. The study, based on surveys of 99,144 owners of 2024 model-year vehicles, evaluated consumer satisfaction…
Porsche’s Dual Strategy: Fuel and Hybrid Cayenne Models to Persist Post-2030
July 26, 2024 – Porsche has announced a strategic shift in its product lineup, revealing that its flagship SUV, the Cayenne, will continue to offer gasoline and hybrid variants beyond 2030. This decision underscores the company’s commitment to providing customers with a diverse range of powertrain options for the next decade. The German luxury automaker…
Stellantis CEO: We’re Ready to Take on Chinese Electric Vehicles in Europe
July 26, 2024 – Stellantis, the automotive giant, has declared its commitment to tackling the formidable impact of Chinese electric vehicles (EVs) on the European market. At the opening ceremony of a new electric vehicle production line in Serbia, CEO Carlos Tavares stated, “We are poised to face the fierce challenge posed by Chinese automakers…
Musk Reaffirms: New Tesla Roadster to Enter Production Next Year After Seven-Year Wait
July 25, 2024 – After years of anticipation and multiple delays, Tesla CEO Elon Musk has finally provided an update on the long-awaited new Tesla Roadster, confirming that the electric sports car is set to enter production next year. The news comes as a relief to many who had begun to doubt the vehicle’s arrival,…