Author: Joshua Morris

Premium electric vehicle (EV) manufacturer Zeekr, a subsidiary of Geely Auto, has clarified that it is proceeding with its planned initial public offering (IPO) in the United States, dispelling earlier reports suggesting a halt to the effort. In response to recent claims that Zeekr had paused its intended US IPO due to subdued market sentiment, the company asserted that it has filed a prospectus with the US Securities and Exchange Commission (SEC), and preparations for the IPO are progressing in an orderly manner. While Zeekr acknowledges ongoing scrutiny of market conditions, it remains committed to monitoring the situation and determining…

Martin Viecha, Head of Investor Relations (IR) at Tesla, has shared important information about the upcoming Cybertruck first delivery event scheduled to take place at Gigafactory Texas on Thursday, November 30, 2023. In contrast to previous Tesla events like the Cyber Rodeo, the first deliveries of the Cybertruck are set to commence notably earlier. According to Viecha, the Cybertruck delivery event is slated to begin at 1 p.m. CT (11 a.m. PST). While expectations are high for a live-streamed event, details about when the livestream will commence have not been provided by the Tesla executive. See also: Leaked Video Reveals…

Tesla has initiated the deployment of a new Full Self-Driving (FSD) Beta software update, marked as version 11.4.8, incorporating several incremental enhancements as the company progresses toward the highly anticipated v12 update. The v12 update is anticipated to transition the system out of its beta phase. FSD Beta, launched in October 2020, empowers Tesla vehicles to autonomously navigate to a predefined destination, requiring the driver to remain vigilant and prepared to assume control when necessary. Tesla has consistently expanded the FSD Beta program to include more vehicles in North America through successive software updates. The recent 11.4.8 update focuses on…

Leading Chinese electric mobility manufacturer, NIU, renowned for its electric scooters, mopeds, and e-bikes, has entered the electric motorcycle arena with the debut of the XQi3. This new electric motorcycle offers a peak power of 8 kW, a rugged off-road frame and suspension, and presents riders with three distinct Cyberpunk-inspired style variations. The XQi3 boasts three color options, each altering the appearance of the metal plate covering the battery pack’s sides. Despite the cosmetic distinctions, the off-white, purple, and yellow hues collectively infuse the XQi3 with a blend of retro-futuristic aesthetics and a hint of Cyberpunk flair. Accentuating its visual…

Tritium, the Australian-founded electric vehicle (EV) fast-charging solutions provider, is relocating its entire production of fast-charging columns overseas. The company recently inaugurated a production plant in Lebanon, Tennessee, in August 2022, signaling its move away from its Australian base. The US facility, with the capacity to produce up to 30,000 DC chargers annually across six production lines, is deemed sufficient for Tritium’s current global demands, having already delivered 14,500 fast chargers to 47 countries. As part of its strategic restructuring, Tritium plans to shutter its original Brisbane factory while retaining and expanding its over 200-strong research and development team along…

A recent analysis by iSeeCars has unveiled notable disparities in the 5-year depreciation rates of electric vehicles (EVs), with Tesla models capturing both ends of the spectrum. The study indicates that while EVs, in general, struggle to retain their value, Tesla’s Model S claims the highest depreciation, and the Model 3 stands out as the most resilient. iSeeCars categorizes electric vehicles as the least resilient in terms of holding their value, experiencing a depreciation of 49.1 percent over a 5-year period. In contrast, hybrids and pickup trucks emerge as the most robust segments, with depreciation rates limited to 37 percent…

In the vibrant landscape of EICMA 2023, Hero MotoCorp has unveiled its latest electric two-wheeler, the Vida V1 Coupe, under its dedicated electric mobility brand, Vida. This stylish addition to the global electric commuter market follows the success of the V1, designed for the Indian market. Unlike conventional two-wheelers, Hero’s V1 Coupe takes inspiration from the automotive world by adopting the term “Coupe.” While typically associated with two-door cars, this electric scooter offers a unique twist with a single saddle, providing a sportier and streamlined appearance. The innovative design allows for the option of transforming back into a dual-seater, adding…

Volkswagen has officially launched its highly anticipated electric flagship model, the ID.7, in the UK. With a starting price of £55,570 RRP on-the-road, the ID.7 is being introduced with a range of enticing offers available until January 2, 2024. As Volkswagen’s first all-electric upper mid-sized car and the pinnacle of the ID. model range, the ID.7 has garnered positive reviews since its global debut in April. Its sleek design, premium features, and impressive efficiency have contributed to its favorable reception. The initial offering, the ID.7 Pro Launch Edition, boasts fast DC charging up to 175 kW and an extensive 384-mile…

Chrysler, a brand under the Stellantis umbrella, is gearing up for an exciting shift in its lineup, as CEO Christine Feuell unveiled plans for a new two-row electric crossover set to debut in 2025. The announcement was made during Feuell’s appearance at the Reuters Events Automotive USA 2023 conference in Detroit. The forthcoming electric crossover is expected to draw inspiration from the striking Chrysler Airflow concept, which was unveiled at the 2022 Consumer Electronics Show. While specifics about the design are yet to be fully disclosed, the model will share the STLA Large architecture with other Stellantis vehicles, ensuring it…

Electric vehicle manufacturer Rivian has maintained its stance against price reductions, with CEO RJ Scaringe revealing that new orders are contributing to an increase in the average selling price (ASP) of its vehicles. Following a successful Q3 performance that surpassed earnings expectations, Scaringe stated that average selling prices are consistently “trending upwards.” In an interview with Bloomberg TV, Scaringe explained, “There’s an evolution of our average selling price which continues to trend upwards as we move into new orders.” Throughout the year, Rivian has witnessed a steady improvement in gross profit per vehicle delivered. Despite incurring a loss of approximately…

The CircularLab, a critical component of the Battery LabFactory Braunschweig (BLB), a research center at TU Braunschweig, has officially opened its doors, marking a significant step in advancing research on the lifecycle and circular production of lithium-ion batteries. This new facility, alongside the existing ProductionLab and DiagnosisLab, positions BLB to cover various aspects of battery production and recycling, spanning from material synthesis to system development and recycling. The groundbreaking ceremony for the CircularLab took place in October 2021, and the facility received its first systems in the autumn of 2022, culminating in its recent inauguration. The CircularLab boasts approximately 1,250…

Ashdod, Israel, recently witnessed the arrival of a shipment of Tesla Model 3 Highland units aboard the Gold Kochav. The images captured at the port showcased hundreds of refreshed Model 3 vehicles, with white being the predominant color choice, indicating robust demand for the electric cars. In August, Tesla opened orders for the Model 3 Highland in Israel, shortly after the model’s upgraded version made its debut in China. At that time, Tesla offered the Model 3 Highland RWD with a starting price of NIS 159,990 ($42,105.40), while the Long Range variants began at NIS 179,990 ($47,368.90), excluding additional options.…