Smart Cars
Tesla’s Mexican Gigafactory Groundbreaking Postponed to March Amidst Permit Delays and Local Concerns
February 19, 2024 – According to a report by the local Mexican media outlet Milenio, the groundbreaking ceremony for Tesla’s Mexican Gigafactory is now expected to take place in March, as revealed by the Governor of Nuevo León, Samuel García Sepúlveda, during a visit to a community center in Monterrey. Initially scheduled to occur this…
Lamborghini Unveils First-Ever Hybrid Urus for 2024 Release
February 16, 2024 – Lamborghini has unveiled an ambitious new product roadmap, announcing that its first-ever plug-in hybrid version of the Urus super SUV is slated for release in 2024. Spy shots obtained by the media reveal a radical redesign for the hybrid Urus, featuring a bold new front fascia with an oversized intake grille…
Tesla Unveils Bold Capital Expenditure Plans for 2024 and Beyond
January 30, 2024 – Tesla has today shed light on its capital expenditure plans for 2024 and beyond through the release of its 10-K report. In keeping with its tradition of increasing investments, the electric vehicle giant anticipates spending at least 10billionthisyear,anamountthatequatestoapproximately71.8billionChineseyuan.For2025and2026,thecompanyhasbudgetedbetween8 billion and $10 billion. Acknowledging the dynamic nature of its undertakings, Tesla cautioned…
BYD Outpaces Tesla in Electric Vehicle Sales, Reports Record Profits for 2023
January 30, 2024 – BYD Company Limited has demonstrated remarkable profitability in recent times, as evidenced by their latest financial report. According to the 2023 annual performance forecast released by the company on January 29th, BYD is anticipating a net profit attributable to shareholders in the range of 29 to 31 billion yuan for 2023….
Tesla Reports Robust 2023 Financial Results, Led by Strong Model Y Sales and Soaring Energy Business Profits
January 25, 2024 – Tesla has unveiled its financial results for 2023, revealing a steady increase in revenue and profits despite facing various challenges throughout the year. According to the report, Tesla’s total revenue for the fourth quarter of 2023 amounted to 25.17billion,representinga396.77 billion, a significant 19% increase from 2022. In terms of profitability, Tesla…
Faraday Future Unveils Major OTA Update for FF 91 2.0, Introducing 750+ New Features
January 22, 2024 – Faraday Future, the electric vehicle company helmed by Jia Yueting, has announced today that their flagship model, the FF 91 2.0, has undergone its first major Over-The-Air (OTA) update since deliveries commenced last year. The update, according to the company, introduces 752 new features and enhances 846 existing functionalities. Among the…
LG Electronics Establishes First EV Charging Station Factory in the US, Eyes North American Expansion
January 15, 2024 – LG Electronics, a global electronics giant, announced its foray into the North American market with the opening of its first electric vehicle (EV) charging station factory in the United States last Friday. The new facility, located in Fort Worth, Texas, spans across 100,000 square feet (approximately 9290 square meters) and boasts…
Google Brings Chrome Browser to Car Infotainment Systems, Revolutionizing In-Car Experience
January 11, 2024 – As internet technology continues to advance, in-vehicle infotainment systems have become a staple in modern automobiles. However, traditional systems often lack the versatility to cater to users’ diverse needs. At the CES 2024 exhibition, Google announced a game-changing innovation: the integration of its Chrome browser into car infotainment systems. This groundbreaking…
Volkswagen to Introduce ChatGPT in New Models, Enhancing Interactive Experience
January 09, 2024 – In a recent announcement at the Consumer Electronics Show (CES) 2024, Volkswagen revealed its plan to integrate ChatGPT artificial intelligence technology into its existing IDA voice assistant. This move comes after Mercedes-Benz declared a similar integration last June, making Volkswagen the latest automaker to jump on the bandwagon. According to Volkswagen,…
Samsung and Tesla Forge New Smart Home Partnership Ahead of CES 2024
January 05, 2024 – In a recent development prior to the commencement of CES 2024, Samsung Electronics made a significant announcement through a press release on its official website, revealing a new smart home partnership with Tesla. According to the announcement, Samsung has established a service integration with Tesla, which will be exhibited at CES…