Smart Cars
Panasonic Delays Commercial Production of 4680 Battery Cells for Tesla
May 11, 2023 – Amidst the ever-evolving landscape of Tesla’s endeavors, Panasonic, a key supplier for the electric vehicle manufacturer, has announced a significant delay in the commercial production of the highly anticipated 4680 battery cells. The company now plans to commence production between April and September 2024, a departure from their previous schedule. This…
Faraday Future secures $100 million in convertible bonds for FF 91 production and sales
May 10, 2023 – Chinese electric vehicle maker, Faraday Future, has secured $100 million in unsecured convertible bonds to support the production, sales, and service system development of its flagship vehicle, the FF 91. The financing round was led by Metaverse Horizon Limited, an independent investment fund, whose investors include FF Global Partners (FFGP) and…
Electric Power and Personalized Style: What to Expect from Baojun’s Yueye SUV
May 9, 2023 – SAIC-GM-Wuling (SGMW) is set to launch a new small electric SUV under the Baojun brand on May 25th. With a distinctive and youthful exterior design, the Baojun Yueye is expected to attract a lot of attention upon its release. The compact SUV will come in five different colors named Sunrise, Morning,…
Tesla Offers One-Month Free Trial of Full Self-Driving to North American Car Owners
May 09, 2023 – Tesla, the American electric vehicle company, has announced that it will offer a one-month free trial of its Full Self-Driving (FSD) package to all car owners in North America. The offer is contingent on FSD being super smooth rather than just safe. Currently priced at $15,000 or $199/99 per month in…
Tesla’s FSD Beta v11.4 Focuses on Vehicle Performance Improvements
May 08, 2023 – Tesla CEO Elon Musk announced on Monday that the company’s Full Self-Driving (FSD) Beta v11.4 software will be rolled out to more employees, starting tomorrow. Musk emphasized that v11.4 is a significant improvement with a host of new features and should not be considered a small update. Musk also stated that…
Tesla’s Sales Soar in Germany’s Electric Car Market
May 05, 2023 – Germany’s electric car market is seeing a significant surge in sales, with Tesla leading the way. According to data from the German Federal Motor Transport Authority, Tesla’s sales in the country have increased by 272.3% in April compared to the same period last year. In the first four months of this…
Hyundai Begins Production of Electric Vehicles at Alabama Factory
Hyundai has begun producing electric vehicles at its Alabama factory in response to the US government’s new EV subsidy plan. The scheme limits a $7,500 purchase rebate to EVs made in North America, making Hyundai, which had no US-made EVs, ineligible. However, the automaker has now started assembling the electric version of its Genesis GV70…
Hyundai Motor Group Sells Over 100,000 Electric Vehicles in the US Market
Hyundai Motor Group, which includes Hyundai, Kia, and Genesis brands, has sold over 100,000 electric vehicles in the US market after 8 years, according to industry data. As of the end of January this year, the three brands have sold a total of 104,326 electric vehicles in the US. Kia has been the best-selling brand,…
Xiaomi to Launch First Car in 2024
According to multiple media reports, during a Xiaomi Group investor event, Xiaomi’s founder Lei Jun disclosed the latest progress of the company’s automotive business. Lei Jun said that he spends half of his time on the automotive business and invested over 3 billion RMB in new businesses such as automobiles in 2022. The company’s automotive…
Ford Reports Q4 Revenue Above Expectations, Up 17% YoY
Ford announced its financial results for the fourth quarter of 2022 on Thursday, revealing revenue of $44 billion, a 17% increase from the previous year. This figure was higher than the expected $39.8 billion by the market. Despite this positive news, the company’s net profit was $1.3 billion in the fourth quarter, lower than the…