Stellantis is targeting a 50% weight reduction in batteries by 2030 in a bid to lighten electric cars nearer to their combustion-engined equivalents. “The battery today is just too heavy; the vehicle is too heavy. We shouldn’t be going backwards,” said Ned Curic, head of engineering and technology, at the opening of the company’s new… Continue reading Stellantis targets 50% battery weight reduction to help EVs match ICE cars
Category: US Motoring Press
Stellantis targets 50% battery weight reduction to help EVs match ICE cars
Stellantis is targeting a 50% weight reduction in batteries by 2030 in a bid to lighten electric cars nearer to their combustion-engined equivalents. “The battery today is just too heavy; the vehicle is too heavy. We shouldn’t be going backwards,” said Ned Curic, head of engineering and technology, at the opening of the company’s new… Continue reading Stellantis targets 50% battery weight reduction to help EVs match ICE cars
Exclusive: Skoda CEO Klaus Zellmer says next phase of investment in India approved, targets 5% share by 2030
Having built a modest base with India 2.0 products, Czech carmaker Skoda Auto is looking to build its presence in both the mainstream and the top end of the market, including electric vehicles. In an exclusive interview to Autocar Professional on the sidelines of the IAA Mobility Show 2023 last week in Munich, Skoda Auto… Continue reading Exclusive: Skoda CEO Klaus Zellmer says next phase of investment in India approved, targets 5% share by 2030
Suzuki, TVS, Yamaha, Ather and Bajaj increase scooter market share in April-August 2023
After seeing tepid sales for over two years, India’s scooter market is finally seeing some green shoots of recovery as per the August 2023 and cumulative April-August 2023 wholesales numbers released yesterday by SIAM. Given its 9% year-on-year growth with 549,290 units (August 2022: 504,146 units) last month, the scooters sub-segment can be credited with… Continue reading Suzuki, TVS, Yamaha, Ather and Bajaj increase scooter market share in April-August 2023
In ‘shift,’ some car shoppers shun top-of-the-line models, analyst says. How to find an inexpensive new vehicle
Used car sales are soaring all over the U.S., and companies from Autonation to CarMax, Carvana and Buffalo, New York-based used car start-up ACV Auctions are benefitting. Patrick T. Fallon | Bloomberg | Getty Images During the pandemic, shoppers splurged on higher-end new cars. Now, given the current high car costs and interest rates, drivers… Continue reading In ‘shift,’ some car shoppers shun top-of-the-line models, analyst says. How to find an inexpensive new vehicle
Tesla shares soar 10% after Morgan Stanley upgrade
SHANGHAI, CHINA – SEPTEMBER 06: Aerial view of Tesla vehicles waiting to be loaded on board a roll-on-roll-off cargo vessel at Nangang port on September 6, 2023 in Shanghai, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images Tesla shares rose more than 10% Monday after a Morgan Stanley upgrade,… Continue reading Tesla shares soar 10% after Morgan Stanley upgrade
Oracle reports earnings after the bell. Here’s where Jim Cramer is on the stock
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks were higher to kick off the week, especially the Nasdaq, as Club name Apple (AAPL) stabilized after last week’s decline on China concerns. Jim Cramer is out in San Francisco… Continue reading Oracle reports earnings after the bell. Here’s where Jim Cramer is on the stock
How electrified roads could help fix America’s electric vehicle charging problem
Electric vehicles are taking up an increasing percentage of the overall auto market share every year — rising from 4% in 2020 to 14% last year. Among the holdouts, a lack of charging infrastructure seems to be one of consumers’ most common reasons for not switching from gas to electric vehicles. But now, electric road… Continue reading How electrified roads could help fix America’s electric vehicle charging problem
Seat massages, smartphones and driverless features: Automakers turn to tech to take on Tesla
Amazon was among a number of technology companies at the IAA motor show in Munich. The presence of Amazon, Qualcomm, Samsung and other tech giants underscores how traditional automakers are looking to bolster the tech in their cars. Arjun Kharpal | CNBC MUNICH — You’d be forgiven for thinking that the IAA, one of the… Continue reading Seat massages, smartphones and driverless features: Automakers turn to tech to take on Tesla
Everything you need to know about Detroit’s auto show: Rides, reveals and electrics
Detroit — Indoor and outdoor test tracks, 35 brands, a new Ford F-150, even a Jeep kids test track is in the house. After a couple of experimental transition years, the fall Detroit auto show is finding its lane in a new auto exhibition era. The annual Detroit auto show circus opens at Huntington Place… Continue reading Everything you need to know about Detroit’s auto show: Rides, reveals and electrics