According to a news report from South Korea’s Yonhap news agency, Hyundai Motor Group’s executive vice chairman Euisun Chung is set to become its chairman on Wednesday. The development sees Euisun Chung formally taking over the reins of the car… Read More ›
electric vehicles
Renault, Nissan & Mitsubishi Motors set to deepen alliance, share common platform for motors and batteries
According to Japanese daily Yomiuri, Nissan Motor Co, Renault SA and Mitsubishi Motors Corp are set to draft plans to deepen the alliance next month, including the joint development of more electric vehicles (EVs) and self-driving technology. The three companies… Read More ›
Tesla to sell longer driving range Model 3 vehicles in China
On Friday, China’s Ministry of Industry and Information Technology stated, Tesla Inc has secured an approval from the government to sell a longer-range Chinese-made model 3 vehicles in the country. These Model 3 vehicles will have a driving range of… Read More ›
Albemarle, world No.1 lithium miner, to monitor aquifers beneath Chilean desert
With Chile’s residents and Chilean courts ringing the alarm on depleted water supplies in the country’s Atacama salt flat, Albemarle, the world’s top lithium miner had filed a proposal in December to monitor water flows beneath the parched desert floor…. Read More ›
Toyota & Panasonic teams up to produce prismatic electric vehicle batteries
On Monday, in a joint statement, Toyota Motor Corp and Panasonic Corp stated, they have agreed to set up a joint venture which will specialize in producing prismatic electric vehicle batteries. Prismatic electric vehicle batteries developed by the joint venture… Read More ›
Michigan settles with Tesla, allows direct delivery of vehicles to customers
According to a source familiar with the matter at hand, Tesla Inc has reached a settlement with the U.S. state of Michigan to allow it to directly deliver its electric vehicles to customers in the state. Tesla will be allowed… Read More ›
Tesla reduces China-made Model 3 price before delivery
According to Tesla Inc’s China website, the U.S. electric vehicle maker will cut the starting price for its China-made Model 3 sedans by 16% to $42,919 (299,050 yuan) after it receives Chinese subsidies for electric vehicles. The reduction in vehicle… Read More ›
Daimler AG to cut 10K jobs
Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
Daimler AG to cut 10K jobs
Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
Tesla’s futuristic Cyber makes a bold entry into the pickup truck segment
Tesla Inc has unveiled an electric pickup truck which features a futuristic angular body in gunmetal gray that somewhat resembles an armored vehicle. The Cyber truck, with starting price of $39,900, is less expensive than was initially flagged. During the… Read More ›