Category: News Site

Hyundai reveals new platform for next-gen battery EVs

Hyundai Motor Group has unveiled its new Electric-Global Modular Platform (E-GMP), a dedicated battery electric vehicle (BEV) platform. Revealed online today during an ‘E-GMP Digital Discovery’ event, the platform will serve as the core technology for Hyundai Motor Group’s next-generation BEV line-up. From 2021, the E-GMP will underpin a range of dedicated new BEVs, including… Continue reading Hyundai reveals new platform for next-gen battery EVs

Elon Musk would consider having Tesla acquire a legacy automaker

Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner. Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses,… Continue reading Elon Musk would consider having Tesla acquire a legacy automaker

Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)

Elon Musk warned Tesla staff Tuesday that the company’s high-flying could crash if profits don’t continue to grow.  He said shares could fall like a soufflé under a sledgehammer.  Tesla reported its fourth consecutive quarterly profit in October, and is expected to report its first annual profit this year.  Shares of Tesla have risen more… Continue reading Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)

Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)

Volkswagen’s CEO is facing a vote of confidence from the automaker’s board this week.  Herbert Diess has reportedly ruffled feathers internally as he pushed for corporate change and more investment in electric vehicles.  In a new blog post, he outlined how Volkswagen formed ‘Mission T’ to take on Tesla and electrify all its brands. Visit… Continue reading Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)

The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was

Nikola Motor Company’s Badger all-electric pickup truck was one of the most highly anticipated products from the startup, and on the EV market as a whole. The company also got the attention of General Motors, which partnered with it in a $2 billion deal to build the Badger. But 2020 saw fraud allegations and a… Continue reading The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was

SoftBank, Volvo back Flock Freight with $113.5M to help shippers share the load

Everyday thousands of trucks carry freight along U.S. highways, propelling the economy forward as consumer goods, electronics, cars and agriculture make their way to distribution centers, stores and eventually households. It’s inside these trucks — many of which sit half empty — where Flock Freight, a five-year-old startup out of San Diego, believes it can… Continue reading SoftBank, Volvo back Flock Freight with $113.5M to help shippers share the load

Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall

Three-Wheeled Crash The founder of Arcimoto, a company producing peppy electric three-wheeled electric vehicles in Oregon, claims that Tesla CEO Elon Musk crashed one of its cars into a brick wall in the fall of 2019. “Elon is the very first one to ever crash an Arcimoto, a production Arcimoto,” CEO Mark Frohnmayer told Galileo Russell,… Continue reading Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall