Battery Smart, India’s largest and fastest-growing battery-swapping network for electric vehicles, announced that it has closed a Series A funding round of $25 million. The funding round was led by Tiger Global, along with participation from Blume Ventures and Orios Ventures. In November 2021, it raised $7 million in a pre-series A round led by… Continue reading Battery Smart raises $25 million in Series A funding
Category: US Motoring Press
Chinese firm Aiways plans 2023 UK launch with U5 SUV
Chinese firm Aiways aims to start selling cars in the UK and other right-hand- drive markets in 2023. Founded in 2017 by Fu Qiang (a former sales chief at Volvo) and Gary Gu, it now has a factory in Shanghai with an annual capacity of 300,000 units, plus its own research and development centre and… Continue reading Chinese firm Aiways plans 2023 UK launch with U5 SUV
Jaguar Land Rover CEO on chips, EVs, quality and Discovery
We know you’re working flat out on the new electrified Jaguar line-up — but what about new Land Rover models? “We will advance some of those, too, even ahead of schedule to cope with electrification. But I can’t give details yet.” Your Land Rover brands are extremely strong, but even so you have work to… Continue reading Jaguar Land Rover CEO on chips, EVs, quality and Discovery
Analysis: Tesla’s job cuts don’t inspire confidence in the company’s direction
This content is only available to subscribers. Get unlimited digital access $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Analysis: Tesla’s job cuts don’t inspire confidence in the company’s direction
Ford races toward all-electric future in Europe, chooses Spanish plant for next-gen EVs
Ford in Europe has announced another move toward an all-electric future, confirming that it has chosen its plant in Valencia, Spain, as the preferred site to assemble vehicles based on a next-generation electric vehicle architecture. Pending product approval, the Valencia plant could produce breakthrough electric and connected vehicles beginning later this decade. The next-generation architecture… Continue reading Ford races toward all-electric future in Europe, chooses Spanish plant for next-gen EVs
Ford extends production at Chennai to end-July
Ford India has decided extended its production schedule to the end of July as the company continues its discussions on the severance package it is offering to employees, according to a PTI report. The plant was slated to shut down at the end of June. A Ford union member said, “ “We have been asking… Continue reading Ford extends production at Chennai to end-July
Ford’s ‘self-inflicted’ recalls, warranty costs put automaker at competitive disadvantage
This content is only available to subscribers. Get unlimited digital access $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading Ford’s ‘self-inflicted’ recalls, warranty costs put automaker at competitive disadvantage
Polestar becomes latest electric vehicle maker to go public via SPAC merger
Polestar’s SPAC deal has closed, and it now plans an aggressive global expansion. Go to Source
Electric Lotus Esprit restomod under consideration by Hethel’s new bespoke division
Earlier this year, Lotus Advanced Performance was launched, promising to bring various existing elements of the British sports car brand (including motorsport and the Lotus Driving Academy) under one roof, with various new services added to the roster. Speaking to Auto Express at the Goodwood Festival of Speed, Simon Lane, who’s heading up the new… Continue reading Electric Lotus Esprit restomod under consideration by Hethel’s new bespoke division
British race car builder Lola set for revival
Lola, one of the world’s most prolific constructors of racing cars, is set for revival 10 years after it closed for business following an asset buyout by a British businessman. US-based Till Bechtolsheimer has purchased all Lola assets, including its fully operational wind tunnel and technical centre in Huntingdon, plus the intellectual property and designs for… Continue reading British race car builder Lola set for revival