Smart Cars
Northvolt, Founded by Ex-Tesla Exec, Loses €2 Billion BMW Battery Deal Over Delivery Issues
June 22, 2024 – According to a report from Reuters, Swedish battery manufacturer Northvolt, founded by a former Tesla executive, has failed to fulfill a long-term supply agreement, leading BMW to recently cancel a battery contract signed with Northvolt in 2020 worth over 2 billion euros. Last year, Northvolt announced a significant breakthrough in energy…
Audi RS3 Mid-Cycle Facelift Sets New Nürburgring Record
June 22, 2024 – Audi released the first official photos of its mid-cycle facelifted RS3 model yesterday, announcing that the vehicle had achieved a lap time of 7 minutes and 33.123 seconds at the Nürburgring Nordschleife in Germany. This new record surpasses the previous compact sedan lap record set by the BMW M2 G87 by…
Tesla’s FSD Dilemma: Progress Brings New Hurdles, Says Musk
June 19, 2024 – At the 2024 annual shareholder meeting of Tesla, CEO Elon Musk discussed a significant challenge facing the company’s Fully Self-Driving (FSD) system. This challenge, which aligns with speculations made by industry insiders two years ago, could potentially impact Tesla’s goal of achieving autonomous taxi services. According to Musk, as the FSD…
Warren Buffett Continues to Reduce Stake in BYD, Cashing Out Over HK$300 Million as Shareholding Drops to 6.9%
June 18, 2024 – Berkshire Hathaway, owned by Warren Buffett, has sold 1.3 million shares of BYD’s Hong Kong-listed stock on June 11th, realizing approximately HK$310.5 million. Following this reduction, Berkshire Hathaway’s stake in BYD’s issued H shares has decreased from 7.02% to 6.90%. This marks the 14th publicly disclosed reduction of BYD H shares…
Tesla Sues Former Supplier for Battery Tech Theft, Demands Over $1 Billion
June 18, 2024 – Tesla has filed a lawsuit against its former supplier, Matthews International, accusing the company of stealing its trade secrets and attempting to patent confidential information related to electric vehicle batteries. The legal action was initiated in the Northern District of California federal court on Friday. Despite both companies being headquartered outside…
BYD’s New Energy Vehicles Make Their Mark in 20 European Countries with Over 260 Stores
June 17, 2024 – Since September 2022, BYD has been actively expanding its presence in the European market, introducing multiple new energy vehicle models to 20 European countries including Germany, Britain, Spain, Italy, France, the Netherlands, Norway, and Hungary, through collaborations with various partners. The company has opened over 260 stores across these regions. Recently,…
Dubai Police Welcome Tesla Cybertruck to Their Fleet
June 17, 2024 – According to Dubai Police’s official X platform account, the Dubai Police General Command has recently acquired a Tesla Cybertruck, which sports the iconic white and green color scheme of the Dubai Police, along with the force’s insignia on the hood. The pickup is reported to be integrated into the daily operations…
Tesla Model X Gets Upgraded Automatic Sensing Doors via 2024.20.1 Update
June 12, 2024 – Tesla has reintroduced a sleek and exclusive feature for its Model X – the automatic sensing door, which has been made available again through the 2024.20.1 software update. Last year, Tesla removed the ultrasonic sensors from the Model X as part of its effort to enhance its pure vision autonomous driving…
Toyota, Honda, Mazda Executives Bow in Apology Over Car Certification Fraud
June 04, 2024 – Following a series of investigations prompted by previous irregularities at Daihatsu Industrial Co., the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) of Japan announced on June 3rd that it had conducted an investigation into 85 automakers to assess whether there were any irregularities in their mass production certification applications. The…
Why Are Japanese Cars Losing Ground? Toyota Faces Major Sales Declines in Japan and China
June 03, 2024 – Amidst intensifying competitive pressures, Toyota, the world’s leading automotive manufacturer, is facing a significant downturn in its vehicle sales. Recent data reveals that in April, the company’s global production slipped to 756,254 units, marking a 4% year-on-year decline. Simultaneously, global sales also edged down to 797,097 units, maintaining a three-month streak…