Lucid’s cost of revenue surged to $492.5 million in the July-September quarter from $3.3 million a year earlier, and its losses widened as customers canceled orders fearing long wait times. By Akash Sriram Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due… Continue reading Electric vehicle makers burning cash, slammed by sky-high costs
Category: Automotive
Ashok Leyland launches new ICV platform ‘Partner Super’
Ashok Leyland today launched a new truck ICV Platform called “Partner Super” for designated models like 914, 1014 and 1114 in the 9.15-tonne, 10.25-tonne and 11.28-tonne Gross Vehicle Weight (GVW) category respectively. The truck maker said that the newly launched platform is designed with a contemporary tiltable cabin. The interior has been designed to provide… Continue reading Ashok Leyland launches new ICV platform ‘Partner Super’
@Groupe PSA: PR First amendment to the 2021 universal registration document004713
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@Groupe PSA: PR Universal Registration Document 2021004712
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@BMW: BMW of North America Opens New Vehicle Accessories Center In South Carolina.002411
Woodcliff Lake, NJ and Greer, SC – November 14, 2022… BMW of North America announced today the official opening of a new Vehicle Accessories Center in Greer, SC which will enable the company to “factory install” a range of vehicle accessories on the BMW Sports Activity Vehicles built nearby at Plant Spartanburg prior to the… Continue reading @BMW: BMW of North America Opens New Vehicle Accessories Center In South Carolina.002411
Nike Will Let People Design and Sell Sneakers for the Metaverse
Although there will be no avatars at the time of launch, the brand’s stated ambition is for the virtual products released on Swoosh to become wearable on and off the platform. “I can imagine the avatars on RTFKT being able to wear our wearables, as well as avatars in games you already play,” says Ron… Continue reading Nike Will Let People Design and Sell Sneakers for the Metaverse
Cue Health Cue Reader Review: Accurate and Expensive Covid-19 Test Kit
I’ve tried a dozen at-home Covid tests over the past year. If it’s on the shelf at a drugstore, pharmacy, or grocery store, I’ve probably used it multiple times. But whenever I open a test like BinaxNow or QuickVue, I still reach for the instruction manual, mostly out of fear that I’ll mess up a… Continue reading Cue Health Cue Reader Review: Accurate and Expensive Covid-19 Test Kit
14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More
The cooking fire was once the center of the home. The modern stove has mostly removed fire from the equation, and architectural trends have shunted the hearth off to the side of the den, but the kitchen is still usually where the heart is. It’s where you make holiday meals. It’s where the kids lurk… Continue reading 14 Gift Ideas for the Home Chef (2022): Vitamix, Cookbooks, and More
BMW commits $1.4bn to expand EV battery output in China
DALIAN, China — BMW will invest 10 billion yuan ($1.40 billion) to expand production of electric vehicle batteries in China, where the company aims to tap growing EV demand while fending off Tesla and local rivals. The German marque held a signing ceremony for the deal Friday in Shenyang, the northeastern Chinese city home to joint venture… Continue reading BMW commits $1.4bn to expand EV battery output in China
China’s CATL to help Indonesia build ‘green’ battery industry
BALI, Indonesia — The chairman of Chinese battery giant Contemporary Amperex Technology (CATL) says his company is committed to helping Indonesia develop a “green” battery industry, as global electric vehicle makers eye the country and its huge reserves of nickel despite environmental concerns. Robin Zeng emphasized that two of CATL’s plants in China have been… Continue reading China’s CATL to help Indonesia build ‘green’ battery industry