Smart Cars
Three Months After Layoffs, Tesla Launches Significant Hiring Initiative
July 17, 2024 – Tesla is in the process of hiring nearly 800 new employees, just three months after CEO Elon Musk issued the largest layoff order in the company’s history. According to Bloomberg’s analysis, new job postings have appeared on Tesla’s career page in recent weeks, ranging from artificial intelligence experts to service positions….
Tesla Faces Year-End Deadline to Resolve 4680 Battery Issues as Ordered by Musk
July 16, 2024 – Despite Elon Musk’s initial claims about the potential of the 4680 battery, the technology has faced challenges in meeting performance and production targets in 2023. This has led to the postponement of Tesla’s planned “$25,000 electric vehicle,” which has been repeatedly delayed and was shelved in February of this year. According…
GM CEO Acknowledges Challenges in Meeting 2025 EV Production Goal
July 16, 2024 – General Motors (GM), which announced in 2021 its ambition to achieve a zero-emission target by 2035, now faces uncertainty regarding its milestone plan to have a production capacity of 1 million electric vehicles (EVs) per year in North America by the end of 2025. In an interview with CNBC on Monday,…
SAIC Group to Set Up First European EV Factory in Spain, Targeting 2027 Launch
July 13, 2024 – According to reports from Europa Press and Expansión, the SAIC Group is considering establishing its first electric vehicle factory in Europe in Spain, dedicated to producing MG cars for sale across the region. The company is currently in discussions with the Spanish Ministry of Industry regarding the potential set-up of the…
Vinfast Scales Back 2024 Delivery Outlook, Now Aiming for 80,000 Units
July 13, 2024 – In a recent announcement, Vietnamese automotive upstart Vinfast has revised its delivery projections for 2024, slashing the anticipated tally from an initial target of 100,000 units to a more modest 80,000. This strategic adjustment underscores the company’s commitment to realistic targets amidst a dynamic market landscape. Delving into the performance metrics,…
Tesla Raises Prices of Chinese-Made Model 3 by 1,500 Euros in Germany Amid EU Tariffs
July 11, 2024 – Following the implementation of tariffs by the European Union (EU) on electric vehicles made in China, Tesla announced on Wednesday that it has increased the prices of its Model 3 cars in several EU countries including France, Germany, Italy, Greece, Poland, Spain, and Sweden by approximately 1,500 euros. The new pricing…
Hungary Urges EU to Accelerate EV Transition, Opposes Tariffs on Chinese Imports
July 11, 2024 – Hungarian Minister of Economic Development, Naji Maton, announced at a press conference in Budapest on July 10th that Hungary has submitted a proposal to the European Union’s Competitiveness Council. The proposal outlines a comprehensive set of measures aimed at accelerating the European Union’s transition to electric vehicles. Maton emphasized the need…
Stellantis Ramps Up European Hybrid Push with 30 New Models this Year
July 09, 2024 – Stellantis Unveils Ambitious Hybrid Expansion Strategy for European Markets, Aiming for a Greener Tomorrow In a move designed to cater to the escalating demand for sustainable mobility in Europe, Stellantis has announced a sweeping expansion of its hybrid technology across multiple brands, pledging to introduce an impressive 30 hybrid models across…
BYD and Ayvens Forge Partnership to Offer Electric Fleet Solutions to European Businesses
July 09, 2024 – In a significant move towards sustainable transportation, BYD Motor Company and Ayvens, an international sustainable mobility services provider, inked a strategic collaboration Memorandum of Understanding (MOU) on July 2nd at BYD’s Shenzhen headquarters. This partnership heralds a new era in the provision of diversified and multifaceted electric vehicles (EVs) to European…
First Model Featuring Honda-Sony EV Chassis to Hit the Market in 2026
July 08, 2024 – Honda and Sony have announced their collaboration to share an electric vehicle (EV) chassis, marking a significant step in the automotive industry. The two companies plan to introduce this shared chassis system in their North American models starting from 2026. The chassis, often referred to as the backbone of a car,…