Your daily updates around automobile industry
Credits: www.livemint.com The year is 2023. A Singapore resident decides to buy a car. Not just any car but the latest electric vehicle (EV) produced by the new gleaming high-tech Hyundai factory in Jurong, an industrial town in Western Singapore. She whips up her smartphone and personalises her new car. She surmises that cream colour seats, a […]
Credits: www.ctvnews.ca German automaker BMW said Wednesday it intends to speed the rollout of new electric cars, vowing to bring battery-powered models to 50% of global sales by 2030. The company underlined the point by unveiling a new all-electric model three months ahead of plan. BMW declined, however, to follow General Motors and other automakers […]
Credits: www.bostonherald.com Electric vehicles are the future. Everyone will want one because they’re emission-free, ecologically responsible and more affordable every year. That’s why GM, Volvo and other manufacturers will soon be making only EVs. Or so we’re told. Some people’s driving habits and incomes certainly make buying an EV an easy choice. But why do […]
Tesla reported its fifth consecutive quarter of profits on Wednesday, but operating expenses jumped 33% to over $1 billion as Tesla constructs new factories in Austin, Texas and Brandenburg, Germany, and it continues to ramp its Shanghai, China, plant. Tesla CEO Elon Musk said of new factories, “we’ll start off very slow at first and […]
New electric concept car takes design cues from city cars, SUVs and coupés; features 60kWh battery Renault has revealed the Mégane eVision, a bold electric concept that it claims “reinvents the classical hatchback” and closely previews a final car due to go into production at the end of 2021. Although it takes its name from Renault’s long-running […]
A pristine white Polestar 2 arrives at my home and I am a little nervous. Distracted, I pay little attention to the delivery driver’s thorough explanation of the car’s technicalities, which I regret when it comes to charging the battery on my final test day. The problem is, the Polestar 2 has a great deal to live […]
Startup automaker Fisker is poised to become a public company in a deal that it says will enable the company to begin production on its first electric vehicle in late 2022. Fisker announced Monday that it had agreed to a $2.9 billion deal to merge with private equity firm Apollo Global Management’s Spartan Energy Acquisition Corp. Spartan […]