Smart Cars
Ferrari’s Electric Enigma: Spy Images Surface, Hinting at a Shooting Brake Design
June 28, 2024 –In a recent development, exclusive spy shots of Ferrari’s early prototype electric vehicle have surfaced online, courtesy of DEREK PHOTOGRAPHY. The images showcase a vehicle that bears a striking resemblance to a shooting brake but also evoke speculations about its true identity, as it incorporates numerous exterior components from existing Ferrari and…
Ford CEO Promises ‘Hands-Free, Eyes-Free’ L3 Autonomous Driving Within Years
June 26, 2024 – Ford Motor Company’s CEO, Jim Farley, has revealed that the automaker is set to introduce L3-level autonomous driving technology to consumers in the coming years, enabling drivers to take their hands and eyes off the road while driving on highways. L3 autonomy signifies that a vehicle can operate independently to some…
Tesla Model Y Sales Plummet in Europe, Falling from First to 18th Place in May
June 25, 2024 – After making history as the first electric vehicle to top European sales charts in 2023, the Tesla Model Y has seen a dramatic reversal in its fortunes just a few months later. According to recent data from Dataforce, the Model Y’s sales in Europe dropped by 49% in May 2024 compared…
BMW M Division to Introduce Simulated Gear Shifting and Sound Effects in Electric Vehicles
June 25, 2024 – The Hyundai IONIQ 5 N, highly praised by car enthusiasts, has emerged as one of the electric vehicles (EVs) that places the utmost emphasis on the driving experience. Recently, the head of BMW’s M division revealed that they are developing simulated gear shifting and sound effects for their electric cars, a…
Toyota Follows Tesla’s Lead, Opens Lexus Charging Stations to All EVs
June 25, 2024 – Toyota, despite its slow transition towards electric vehicles, seems to be taking cues from the industry giant Tesla. The automaker has announced that it will open up its luxury brand Lexus’ charging stations to all electric vehicles in Japan, mirroring Tesla’s practice in the US and globally. It’s noteworthy that Lexus…
AI-Powered Vehicle Inspections: Comprehensive Reports in Just One Minute
June 24, 2024 – The omnipresence of AI is increasingly being felt in various industries, and the automotive sector is no exception. From in-car voice assistants powered by large language models to a myriad of intelligent driver-assistance systems, AI is revolutionizing the automotive experience. However, its potential extends far beyond these visible applications. According to…
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…