Smart Cars
Majority of US Tesla Owners Switch to Gas Cars, But Trend Shows Decline
August 05, 2024 – According to the latest research from Edmunds, over half of Tesla owners in the United States have abandoned electric vehicles in favor of gas-powered cars in 2024. Only 32% of these owners have chosen to stick with pure electric models. Breaking down the numbers, 51% of Tesla owners have switched to…
Toyota Faces Legal Action in US Over Alleged Hydrogen Market Monopolization
August 05, 2024 – Toyota Motor Corporation has recently been embroiled in a class-action lawsuit in the United States, accused of anti-competitive practices that have monopolized the hydrogen fuel cell vehicle market in California. The alleged actions have led to skyrocketing hydrogen fueling costs for consumers and wasted millions of dollars in taxpayer funds invested…
Jaguar Land Rover Invests £3 Billion to Adapt to Slowing EV Transition
August 02, 2024 – Jaguar Land Rover is gearing up for a strategic overhaul, announcing plans to invest £3 billion to adapt to the slowing pace of the global electric vehicle (EV) transition. The company revealed its intention to ramp up its planned investment to £18 billion over the next five years. This significant financial…
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…