Electric Vehicles
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A number of Chinese electric vehicle companies have announced a range of promotions over the Lunar New Year holidays, such as better financing deals, in an effort to boost flagging sales. As the Year of the Snake kicks off, Chinese car manufacturers have begun launching a number of aggressive promotions to boost flagging deliveries over…
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Tesla faces a watershed moment on Thursday (Oct 10) when CEO Elon Musk takes the stage at the Warner Bros Hollywood studio to unveil much-delayed plans for a robotaxi, a project that has reignited the electric vehicle maker’s stock, despite cooling expectations for EV growth. Musk has said Tesla’s robotaxi product — called a Cybercab — will be…
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This week, the Nikkei reported that Toyota plans to produce some 10.3 million vehicles globally in 2024, again hitting its record annual production for the second straight year. The newspaper also said that the world’s largest automaker by sales will further increase production due to strong sales of hybrid vehicles and easing automotive semiconductor and…
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Former President Donald Trump said on social media Monday that he wants to end the “madness” of President Joe Biden’s push for making electric vehicles, warning it would bring an end to U.S. auto manufacturing in states like Michigan. “The great State of Michigan will not have an auto industry anymore if crooked Joe Biden’s…
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The European automaker Volkswagen announced that its battery company PowerCo will establish its first overseas “gigafactory” for battery cell making in St. Thomas in southwestern Ontario. Actual production is scheduled for 2027. Buildling the plant in Canada will grant Volkswagen access to both Canadian and US subsidies. Volkswagen has however not given many details about…
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During CES 2022 in January, Sony Chief Executive Kenichiro Yoshida announced the creation of Sony Mobility, suggesting for the first time that it will try to turn an electric vehicle (EV) development project started two years ago into a money-making venture. Today, the company announced that it is collaborating with another Japanese manufacturing giant Honda Motor Co…
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Elon Musk has had many rough years as an influential tech leader. The Tesla CEO has been dogged by a seemingly unending list of setbacks. There were leaks showing how the company was covering up its high rates of worker injuries, a fatal accident involving its Autopilot driver-assist system, fires in the paint shop and a catastrophic failure of Musk’s plan…
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