Taiwan-based smartphone manufacturing giant Foxconn and national Thailand oil supplier PTT PLC are moving forward with an agreement to start an electric vehicle manufacturing facility in Thailand. The facility is expected to begin rolling out vehicles by 2023. Foxconn had previously reported plans to begin building factories in both Thailand and the U.S. next year.… Continue reading Foxconn says Thailand EV factory will begin producing 50,000 units by 2023
Author: Tech Crunch Online News
Mercedes-Benz prices its flagship EQS electric vehicle below the S Class
The Mercedes-Benz has priced the flagship EQS electric vehicle more than $8,700 below its gas-powered S-Class counterpart, a strategic move by the German automaker aiming to ensure a successful rollout of the luxury EV in North America. The EQS, which will arrive in U.S. dealerships in fall 2021, will start at $103,360, including the $1,050… Continue reading Mercedes-Benz prices its flagship EQS electric vehicle below the S Class
Audi launches its newest EV, the 2022 Q4 e-tron SUV
Audi has launched the Q4 e-tron, the fifth electric vehicle in its growing portfolio, as part of the German automaker’s plan to bring more than 30 EVs and plug-in hybrids to market by 2025. The Q4 e-tron is Audi’s entry electric SUV model and the price reflects that. The vehicle, which was first revealed as a… Continue reading Audi launches its newest EV, the 2022 Q4 e-tron SUV
Uber adjusts third-quarter forecast in light of increased gross bookings
Uber said Tuesday that it could hit one measure of profitability in the third quarter, earlier than expected, as the ride-hailing company saw gains in its delivery and mobility businesses. The ride-hailing service told regulators in a filing this morning that it anticipated an increase in gross bookings and stronger adjusted EBITDA in the quarter… Continue reading Uber adjusts third-quarter forecast in light of increased gross bookings
Eli EVs begins production, European rollout of Eli ZERO, a compact two-seater
Eli Electric Vehicles, an early stage compact EV manufacturer, announced the start of production on its flagship Eli Zero, a micro “neighborhood electric vehicle” that is built for city commuting. The company plans to roll out small batches of the two-seater EV to distributors across 13 European countries over the next few months with a… Continue reading Eli EVs begins production, European rollout of Eli ZERO, a compact two-seater
India’s Cars24, a used-vehicle sales platform, raises $450M at a $1.84B valuation
The used car market is getting another major infusion of venture capital today, with one of the faster scaling startups out of India picking up a major round of financing to double down on growth: Cars24 — a site and app that sells users cars and used two-wheeled motorbikes — has raised $450 million, a… Continue reading India’s Cars24, a used-vehicle sales platform, raises $450M at a $1.84B valuation
Elon Musk praises Chinese automakers amidst regulatory scrutiny
An unusually scripted Elon Musk issued conciliatory and complimentary comments to Chinese automakers during a pre-recorded appearance at China’s World New Energy Vehicle Congress, striking a pose that is worlds away from his commentary style in the United States. “I have a great deal of respect for the many Chinese automakers for driving these [EV… Continue reading Elon Musk praises Chinese automakers amidst regulatory scrutiny
Boston Dynamics owner Hyundai deploys Spot for factory safety monitoring
Back in June, Hyundai completed a deal for controlling interest in Boston Dynamics. The Korean automotive giant no doubt has some grand plans for integrating the Massachusetts-based firm’s technology into a lot of their forward-looking concept mobility vehicles — for now, however, it’s more about putting existing robots to work. Hyundai today announced the arrival… Continue reading Boston Dynamics owner Hyundai deploys Spot for factory safety monitoring
Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris
Trucking tends to be associated with highways, but it’s not uncommon to find large delivery vehicles trundling down the tightly packed streets of the world’s most populated cities. According to EV startup Volta Trucks, that’s far from ideal: in London, large commercial vehicles cause around 26% of pedestrian fatalities and around 80% of cyclist fatalities,… Continue reading Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris
JB Straubel’s Redwood Materials is expanding into the battery materials business
Redwood Materials, the company started by former Tesla co-founder JB Straubel that aims to create a circular supply chain for batteries, is expanding its business. While it has been known primarily as a recycling firm, Redwood plans to simplify the supply chain by producing critical battery materials right here in the U.S. To get there,… Continue reading JB Straubel’s Redwood Materials is expanding into the battery materials business