According to Volkswagen Group’s SEAT Cupra CEO Wayne Griffiths, Cupra has been conducting market testing for the potential entry into the US market. Cupra has recently entered new markets outside of Western Europe and is producing a number of all-electric models in Spain in an effort to establish itself as a distinct EV brand. Cupra, […]
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The member of Volkswagen’s board who is in charge of technology stated that the automaker intends to make investments in mines to reduce the cost of battery cells, satisfy half of its own demand, and sell to third parties. Thomas Schmall said that the biggest carmaker in Europe wants PowerCo to become a global battery […]
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Arrival, a British company that hopes to begin production of its van in the United States by the end of 2024, received a $300 million equity financing line from Westwood Capital on Monday. Arrival also stated that it wants to reduce the rate at which it burns cash. Over the past few months, EV companies […]
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In Germany, Mercedes introduced its “Mercedes pay+” payment service. Using biometric authentication, the car’s fingerprint sensor in the infotainment system, certain Mercedes models can accept Visa credit and debit cards. For infotainment services, subscribing to in-car services, and unlocking hardware capabilities, Mercedes pay+ is a cardless, wireless payment service that uses biometric authentication. Because the […]
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Stellantis announced that it will put $155 million into three plants in Kokomo, Indiana, to make new electric drive modules (EDMs). These EDMs will power future electric cars made in North America and help the US reach its goal of 50 percent battery electric sales by 2030. The Kokomo-built EDM will be incorporated into vehicles […]
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Stellantis STLA gained 4.34 percent, after revenue and net profit soared in 2022, year that has marked by a sharp rise in sales of electric vehicles to distribute $4.47 billion in dividends to shareholders and buy back shares worth $1.6 billion. Supply chain issues brought on by the conflict in Ukraine and an increase in […]
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According to South Korea’s visiting Industry Vice Minister Jang Young-jin, the United States intends to release additional information on the provision of tax credits for the purchase of new electric vehicles (EVs) the following month, as scheduled. This week, Jang arrived in Washington to discuss a variety of topics with his American counterpart, Deputy Secretary […]
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Tesla is updating its self-driving software in response to concerns raised by US safety officials that it could permit drivers to travel at unsafe speeds or through intersections. According to government filings, the recall affects nearly 363,000 vehicles in the United States. Tesla asserted that it was unaware of any incidents involving fatalities or injuries. […]
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On February 15, 2023, Maruti Suzuki India announced that it had partnered with SMAS Auto Leasing India Pvt Ltd to improve its vehicle subscription program. Maruti Suzuki India said in a statement that SMAS is the fifth partner to offer a variety of the company’s vehicles on white plate subscription, in which the vehicle is […]
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Evolve+ is a new EV subscription service that was announced by Hyundai Capital America and Hyundai Motor America. Customers who want to drive an electric vehicle without having to buy one or sign a long-term lease are the target audience for this month-to-month service. Hyundai has a clear objective: to make people more aware of […]
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