Author: James Bryant

Stellantis has partnered with energy software company Kaluza to offer direct-to-vehicle smart charging solutions across its electric vehicle (EV) lineup. This collaboration enables Stellantis EV owners to benefit from managed charging services that optimize energy usage, reduce costs, and alleviate pressure on the energy grid, without the need for additional hardware. Kaluza’s platform integrates directly with Stellantis vehicles, offering drivers more affordable and environmentally friendly charging options. The partnership allows Stellantis drivers to charge their vehicles during periods when energy is greener and less expensive, reducing the cost of EV ownership. Kaluza’s telematics expertise ensures seamless integration, eliminating the need…

Hyundai has introduced a new leasing option for its popular Ioniq 5 electric vehicle (EV), presenting a compelling offer that surpasses Tesla’s current 0% APR financing for the Model Y. The new 13-month close-end lease, designed for flexibility and convenience, allows customers to upgrade their vehicle annually, similar to the phone upgrade models used by carriers. The Ioniq 5 lease deal is notable for its affordability. With no down payment required, drivers can lease the SE RWD trim, offering 303 miles of range, for $399 per month. The lease lasts 13 months, with zero security deposit, and $399 due at…

Hyundai Motor India Limited (HMIL), a subsidiary of the South Korean automotive giant Hyundai Motor Group, has successfully completed its listing on the Indian stock market. The initial public offering (IPO), held on October 22 at the Bombay Stock Exchange in Mumbai, raised 4.5 trillion won, making it the largest IPO in India’s stock market history. The listing ceremony attracted around 250 attendees, including key figures such as Hyundai Motor Group Chairman Chung Eui-sun, Hyundai Motor President Jang Jae-hoon, Vice President of India and Middle East Operations Kim Eun-soo, and India COO Tarun Garg. Priced at 1,960 rupees per share…

Tesla is introducing a feature that allows owners to transfer their Full Self-Driving (FSD) capabilities from a previous vehicle to the upcoming Cybertruck. This development enables customers who have purchased FSD for an existing Tesla vehicle to apply that investment toward the all-electric pickup, potentially saving them thousands of dollars. Previously, Tesla required owners to buy the Full Self-Driving suite outright when purchasing a new vehicle, which met with dissatisfaction from those who had already invested up to $15,000 in the semi-autonomous technology. In response to customer feedback, Tesla began offering the option to transfer FSD between vehicles last year,…

According to data released by the Department of Energy (DOE), SUVs accounted for more than half of all battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) sales in 2023. The report indicates that manufacturers now offer electric vehicles across a diverse range of vehicle classes, with the small SUV segment leading in sales. Overall, SUVs comprised 53% of BEV sales and 83% of all PHEV sales when combined with standard SUVs. In contrast, traditional cars represented less than 10% of PHEV sales while making up 43.4% of BEV sales. In total, over 1.4 million plug-in electric vehicles (PEVs)…

Swedish battery manufacturer Northvolt is making progress towards securing a new financing package, the company told Reuters on Monday. The battery maker has been in discussions with investors and lenders in recent weeks to obtain short-term funding as it seeks to stabilize its financial situation, according to three sources familiar with the matter. Northvolt has begun gathering signatures for a financing package, which could exceed $300 million and may be announced by the end of the month, a person with direct knowledge of the deal said. The funding is expected to sustain the company through next year, the source added,…

Nevo, a sub-brand of Changan Automobile (SHE: 000625), has introduced the E07, a sport utility vehicle (SUV) designed to convert into a pickup truck. This launch aims to provide an alternative for consumers seeking electric pickup trucks in light of stringent regulations in China’s pickup segment. The E07, Nevo’s second SUV following the Q05, debuted at a launch event yesterday. It is available in both extended-range electric vehicle (EREV) and battery electric vehicle (BEV) configurations. One of the key features of the E07 is its transformability, which enhances its load capacity by allowing it to switch between SUV and pickup…

Indian air taxi developer Sarla Aviation has teamed up with Bangalore International Airport to create the country’s first eVTOL (electric vertical takeoff and landing) equipped airport. This partnership will establish facilities at Kempegowda International Airport, Bengaluru, designed to support air taxi services and address the city’s growing congestion issues. Sarla Aviation is developing an electric aerial vehicle (EAV) capable of carrying a pilot, six passengers, and their luggage. “I am proud to partner with Kempegowda International Airport, marking a significant step in addressing Bengaluru’s congestion challenges,” said Adrian Schmidt, CEO and co-founder of Sarla Aviation. He highlighted the significant reduction…

During the unveiling of the Tesla Cybercab late last week, CEO Elon Musk stated that the vehicle would be produced in “very high” numbers. While this bold claim excites potential consumers, Tesla faces significant regulatory challenges before the fully autonomous vehicle can move toward production and deployment. The Cybercab, like Tesla’s other models, utilizes the company’s vision-only autonomous driving technology. However, it is designed without a steering wheel, pedals, or any conventional driving controls. Although this design is logical for a vehicle that can operate entirely without human intervention, gaining regulatory approval for such a vehicle to be used on…

Goldman Sachs Asset Management is in talks to join a consortium of investors to support cash-strapped Swedish battery manufacturer Northvolt. According to insiders cited by Bloomberg, the U.S. bank’s investment arm, Northvolt’s second-largest shareholder, is actively involved in efforts to address the company’s liquidity challenges. However, any deal would hinge on participation from additional investors. Northvolt is reportedly seeking around €200 million to cover short-term needs, with verbal commitments already securing about €150 million, according to Bloomberg. Despite these efforts, the company’s spokesperson declined to comment on the matter. Earlier this week, Northvolt announced progress on its financing package and…

The German government has decided not to provide federal funding to Lilium, a Munich-based startup developing electric flying taxis. Despite efforts by top officials, including Chancellor Olaf Scholz and Finance Minister Christian Lindner, to secure state aid, a majority vote in favor of the project was not reached, government representatives confirmed on Thursday. Lilium had been seeking a state guarantee for a loan of at least 100 million euros to continue its development of electric vertical take-off and landing (eVTOL) aircraft. The company, founded by graduates of the Technical University of Munich, employs 850 people but has not generated any…

General Motors (GM) has issued a recall for hundreds of its 2025 Chevrolet Blazer, Blazer EV, and Equinox EV models across the United States due to a critical safety defect involving door strikers. The issue, which affects 731 vehicles in the U.S., could cause doors to unexpectedly open while driving or during a crash, significantly increasing the risk of injury. The affected vehicles were equipped with faulty door strikers sourced from Brano Group A.S., which were not properly heat-treated, leading to insufficient hardness. GM explained that these strikers could crack under pressure, potentially causing doors to swing open unexpectedly. Fortunately,…