Author: Robin Cannon

In a recent announcement at Morgan Stanley’s 11th annual Laguna Conference, Rivian’s CEO, RJ Scaringe, hinted at the possibility of introducing leasing options for their electric vehicles. This move comes as the company demonstrates confidence in the strong residual values of their EVs. Scaringe emphasized that Rivian has intentionally refrained from offering leasing options, primarily due to their conviction in the sustained value of their vehicles. He underlined the used marketplace as a crucial indicator, noting that if Rivian vehicles are fetching prices higher than the manufacturer’s suggested retail price (MSRP) on the resale market, it could signify potential for…

In a significant development within the electric vehicle (EV) industry, automakers BMW, Ford, and Honda have unveiled a joint venture known as ChargeScape, with a dedicated focus on bidirectional charging technology. The initiative was officially announced on the eve of the Detroit Auto Show, signaling a shared commitment to advancing the capabilities of EVs in the United States. ChargeScape’s primary objective is to empower owners of EVs produced by these three automakers to actively participate in sharing electricity with their local power grids. The venture aims to achieve this through a range of managed charging and energy-sharing services, with the…

In commemoration of the 40th anniversary of Audi Sport GmbH, the German automaker has unveiled the Audi RS E-Tron GT Ice Race Edition. This limited-edition vehicle, restricted to just 99 units in Europe, pays homage to the legacy of Audi’s motorsport achievements. Building upon the E-Tron GT Ice Race Concept introduced in March 2023, the RS E-Tron GT Ice Race Edition boasts a distinctive exterior design and a host of interior enhancements. The exterior of this unique model showcases a captivating blend of aesthetics. Its base color, Florett silver metallic, is complemented by a foil wrap featuring transparent sections, which…

In the race to deploy electric vehicle (EV) chargers across the United States, Tesla is emerging as the frontrunner, securing federal grants and outpacing its competitors while maintaining cost efficiency, as reported by the Wall Street Journal. Tesla has successfully secured the top position in bids to install chargers at approximately 18% of sites designated by states to receive federal funding for fast chargers. Data from EVAdoption, an EV and charging analytics firm, indicates that Tesla has received approximately $8.5 million out of the roughly $77 million disbursed so far. See also: US awards $2.8 billion in grants to boost…

Polestar, the electric car brand, has revealed its financial performance for the first half of 2023, showcasing impressive sales growth. The company reported a year-on-year sales increase of 18 percent from January to June, amounting to approximately $1.2 billion (€1.11 billion). However, despite the promising sales figures, Polestar posted a net loss of approximately $313 million (€288.5 million) for the first half of the year. This marks an improvement from the $503 million (€463.6 million) loss reported during the same period in the previous year. Notably, the second quarter alone contributed to an operating loss of $274 million (€227.7 million).…

Federal regulators have raised concerns over a hidden feature within Tesla’s Autopilot software known as “Elon Mode,” which could potentially deactivate safety checks designed to ensure driver attentiveness. The National Highway Traffic Safety Administration (NHTSA) issued a Special Order on July 26, signed by John Donaldson, the acting chief counsel for the regulator, addressing these concerns. In the letter, Donaldson expressed apprehension about the safety implications of “Elon Mode” and its potential impact on driver attention. He stated, “NHTSA is concerned that this feature was introduced to consumer vehicles and, now that the existence of this feature is known to…

As the International Motor Show (IAA) mobility event unfolds in Munich, European car manufacturers are grappling with the increasing dominance of Asian companies in the electric vehicle (EV) market. Industry analysts and executives are emphasizing the need for European automakers to demonstrate their competitive prowess in various aspects, ranging from product development and financial strategies to supply chain management. This year’s IAA event highlights a significant shift, with approximately 41% of exhibitors headquartered in Asia, showcasing the growing presence of Asian automakers. Chinese companies, in particular, have surged in numbers, with notable players such as BYD, CATL, and XPeng making…

Li Auto has announced its ambitious plans to launch its first battery electric vehicle (BEV) model, named the Li Mega. Riding high on the success of its extended-range electric vehicle (EREV) models, the company is poised to challenge industry conventions. At the ongoing Chengdu Auto Show, Li Auto confirmed that the Li Mega is scheduled for an official launch this coming December. Prospective buyers can feast their eyes on show cars displayed in stores starting January the following year, with the first deliveries expected to roll out in February. The company’s unyielding confidence shines through, as it asserts the Li…

The formidable Dodge Durango SRT Hellcat and the sleek Tesla Model Y Performance recently went head-to-head in a thrilling drag race, revealing astonishingly competitive performance despite their stark differences. The Dodge Durango and Tesla Model Y, both proudly American-made SUVs, may seem worlds apart in terms of powertrain and design philosophy, but they share intriguing parallels. Both models offer the convenience of three rows of seating, catering to families and adventurers alike. Yet, this is where the similarities cease. Under the Durango’s hood resides a beastly 6.2-liter V8 engine, churning out an awe-inspiring 710 horsepower and a commanding 645 pound-feet…

VinFast, the Vietnamese electric vehicle (EV) manufacturer, has encountered a challenging initiation into the North American market, grappling with sluggish sales and persistent production quality concerns that have even led to compensations for EV owners experiencing breakdowns. As a response to these trials, the company is now contemplating a significant shift in its sales approach. Presently, VinFast has been following the trajectory of other EV startups by adopting a direct-to-consumer sales model. However, recent statements from CEO Madam Thuy Le reveal that the company is contemplating a strategic alliance with established dealerships. This potential shift stems from the belief that…

Chinese electric vehicle giant BYD is engaged in discussions with South Korean automaker KG Mobility, previously known as Ssangyong Motor Co, to forge a collaborative venture for the construction of a battery cell manufacturing facility within South Korea. This strategic move is set to fortify the supply chain for a local automaker, ushering in new possibilities for the electric vehicle (EV) industry on the Korean peninsula. According to a recent report from the Korea Economic Daily on August 21, sources close to the matter have revealed that BYD and KG Mobility are laying the groundwork for a groundbreaking battery pack…

In a milestone moment for the renowned brand, Yamaha marks its 30th anniversary in the e-bike sector by unveiling a cutting-edge e-commerce platform tailored for the US market. Yamaha’s presence extends beyond its iconic musical instruments and motorcycles, as it stands as a trailblazer in the electric bicycle domain. The launch of this new e-commerce platform signifies a significant stride in Yamaha’s commitment to engaging with customers on a deeper level. Linking seamlessly with its well-established dealer network in the US, the platform serves as a conduit for enthusiasts to explore Yamaha’s extensive range of electric bicycles. Prospective buyers can…

In the world of electric bicycle technology, Bosch has consistently stood out as a pioneer and innovator. Renowned for its dependable e-bike systems and an impressive suite of supplementary technologies, the German brand continues to impress enthusiasts and riders alike. Bosch’s latest advancement takes the form of an update to the eBike Flow application, a critical tool for users of Bosch-powered e-bikes. The application enables riders to fine-tune various settings according to their preferences. When paired with a Kiox display, it transforms the riding experience into something even more seamless. Now, Bosch has introduced an update that bolsters the security…

Ayala Corporation, a conglomerate in the Philippines, has entered into a partnership with global electric vehicle (EV) manufacturer BYD to drive the adoption of electric vehicles in the country. The collaboration underscores a shared commitment to sustainable mobility and technological innovation. As part of this strategic alliance, Ayala Corporation will serve as the official distributor of BYD passenger vehicles in the Philippines. The lineup of BYD EVs will encompass various models tailored to different market segments, including the upscale BYD Han executive sedan, the versatile 7-seater family SUV BYD Tang, and the compact BYD Dolphin hatchback. By the end of…

Braking technology takes center stage as Magura, a renowned name in bicycle brake manufacturing, unveils its latest innovation – the Combined Braking System (CBS). This advanced braking system, showcased at Eurobike 2023, targets the growing e-bike market, promising improved safety and enhanced performance. Brakes hold a paramount importance in the world of cycling, with a critical role to play in ensuring rider safety. This significance amplifies when it comes to e-bikes, particularly cargo e-bikes designed to carry substantial loads, including valuable cargo and sometimes even passengers. Magura’s reputation as a leading manufacturer of bicycle brakes is well-established, making their latest…

In a move aimed at strengthening its presence in the electric vehicle (EV) market, Samsung SDI has plans to expand its battery cell factory located in Goed, Hungary. The company intends to produce large round cells with a diameter of 46 millimetres, a development that could see BMW emerge as a potential customer for these cells. Unnamed sources cited by TheElec, an industry publication, have reported that BMW has engaged Samsung SDI to supply round cells in the 46120 format—characterised by a 46 mm diameter and a length of 120 mm. These cells are anticipated to be produced at the…

Lucid Motors has revealed its plans to introduce the much-anticipated all-electric Gravity SUV this November. However, the production timeline for the vehicle is now postponed until late 2024. Initially intending to commence production at its Arizona factory in late 2023, Lucid faced delays that pushed the production launch into the following year. The company, renowned for its high-end luxury sedan, had not disclosed a specific quarter for the production’s commencement. See also: Panasonic Energy to supply electric vehicle batteries to Lucid Air and Gravity The Gravity SUV had its first public appearance in 2020 when Lucid showcased it during the…

In a groundbreaking move for the driverless car industry, GM’s autonomous vehicle technology division, Cruise, has announced its first labor union agreements. The agreements were signed with two local union chapters in California, namely the International Brotherhood of Electrical Workers (IBEW) Local 6 and Service Employees International Union Local 87. The union members will be involved in building and staffing Cruise vehicle charging facilities. The decision by Cruise to collaborate with the unions is significant, considering the historically contentious relationship between labor and automation services. By partnering with IBEW and SEIU, Cruise aims to create new job opportunities for the…

In a recent social media post, Cruise CEO Kyle Vogt unveiled Nashville, Tennessee, as the next city set to embrace their revolutionary “robotaxi-enabled” service. Although the exact launch date remains a “few months” away, Vogt assured that Nashville is just the beginning, with more cities slated for future expansion. Cruise’s decision to pick Nashville as their next destination was not explicitly explained. However, it is worth noting that the city’s popularity as a tourist destination, coupled with its reliance on taxis and ride-hailing services to transport visitors to and from various bars and music venues, could be a driving factor…

Priority Bicycles, renowned for their superior pedal bikes and e-bikes, has expanded its lineup with the introduction of the $1,699 e-Classic Plus. This new model exemplifies the brand’s commitment to delivering top-notch craftsmanship at a more accessible price point, currently retailing at just $1,399 due to a promotional discount. Staying true to their successful approach with models like the e-Coast, Priority Bicycles enhances their popular pedal bike designs by incorporating electric assist, providing riders with an extra boost during their journeys. CEO David Weiner explains that the e-Classic Plus continues the company’s tradition of crafting durable, user-friendly bicycles that are…