Smart Cars
$5.9 Billion Dividends Repatriated from Overseas Subsidiaries for Electric Vehicle Investments
June 12, 2023 – Hyundai Motor Group, the South Korean automotive conglomerate, has recently announced its plans to tap into the reserves of its overseas subsidiaries to ensure essential financial resources for expanding investments in the domestic electric vehicle (EV) sector. In particular, Hyundai Motor aims to increase the dividends from select overseas subsidiaries by…
Tesla Leases Additional Facility in California for 4680 Battery Production
June 12, 2023 – In a recent development, Tesla, the electric vehicle giant that had already doubled the production capacity of its 4680 batteries in the third quarter of last year, is now preparing to further increase their production in California. Reports suggest that Tesla has leased a new facility for this specific battery type….
Unbelievable Price Gap: Tesla Model 3 Costs Nearly 90,000 Yuan Less in the US than in China
June 9, 2023 – As a highly popular model globally, the Tesla Model 3 stands out in the Chinese market with its competitive price compared to other regions. It is also one of the areas with the lowest prices worldwide. However, when considering various subsidies, the starting price of Tesla in the United States can…
Driving the Green Revolution: Toyota’s Groundbreaking EV Battery Lab Takes Center Stage in Michigan
June 9, 2023 – In a significant move towards electrification, Toyota Motor Corporation announced yesterday that it will establish a state-of-the-art laboratory dedicated to the research and development of electric vehicle (EV) batteries. With an investment of nearly $50 million (approximately 356 million RMB), the laboratory will be located at Toyota’s North American Research and…
Disassembling the Byd Dolphin: A Deep Dive into Revolutionary Engineering
June 8, 2023 – A Closer Look at Byd’s Innovation: Unveiling the All-New Dolphin In a remarkable display of technological prowess, renowned publisher Nikkei BP has recently unveiled its latest venture into the realm of automotive exploration. With a rich history of dismantling and meticulously documenting electric vehicles such as Nissan’s Leaf, Tesla’s Model 3…
Mongolian Prime Minister and Tesla CEO Explore Collaborations in Electric Vehicle Industry
June 7, 2023 – In a virtual meeting held today, Mongolian Prime Minister Oyun-Erdene had a productive discussion with the renowned entrepreneur and CEO of Tesla, Elon Musk. The focus of their conversation revolved around the potential investments and collaborations in the electric vehicle sector. During the meeting, both parties explored the possibilities of a…
Intel Corporation Announces Strategic Divestment of Mobileye Shares
June 6, 2023 – In a significant development, Intel Corporation has made a strategic move by divesting 35 million Class A shares of Mobileye, a renowned Israeli autonomous driving technology company. With a total value of approximately $1.5 billion (equivalent to around 10.65 billion Chinese yuan at current rates), this decision has resulted in a…
Unveiling the New Lexus LBX: A Game-Changing Entry-Level SUV
June 5, 2023 – Today in New York, Lexus has unveiled the highly-anticipated LBX, their latest entry-level SUV. Built on the TNGA-B platform, the LBX shares its foundation with the Toyota Yaris Cross, positioning itself below the Lexus UX in the lineup. Designed specifically for the European market, Lexus aims to commence pre-orders for the…
AMD Introduces Game-Changing AI Capabilities with Ryzen XDNA at Taipei Computex
June 2, 2023 – AMD Unveils Revolutionary AI Capabilities at Taipei Computex In a groundbreaking showcase at the Taipei Computex exhibition this week, AMD wowed attendees with their latest innovation, the Ryzen XDNA AI integrated within their APUs, directly challenging Intel’s AI prowess with the upcoming Meteor Lake VPU (AI Tile). According to reports from…
Panasonic Shifts Focus: Exiting Lead-Acid Battery Production, Embracing EV Lithium-ion Batteries
June 1, 2023 – Panasonic Takes a New Direction, Focusing on Lithium-ion Battery Production for Electric Vehicles In a strategic move, Panasonic Corporation announced on May 31 that its subsidiary, Panasonic Energy, has officially withdrawn from lead-acid battery production. Instead, the company will concentrate its operational resources on the production of lithium-ion batteries for electric…