Vietnamese automaker Vinfast will begin taking pre-orders in the U.S. market for its VF e35 and e36 electric SUVs in the first half of 2022 and expects to begin delivering them by the end of the year, global Chief Executive Michael Lohscheller said. “It’s still early to make any sales predictions, but VinFast will unveil two of our latest… Continue reading Vietnamese carmaker Vinfast eyes start of US deliveries in late 2022
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Volvo reveals its first vehicle made of fossil-free steel
A few months ago, Volvo teamed up with Swedish steel producer SSAB to develop a type of steel it can use for its vehicles that doesn’t use fossil fuels. Now, the automaker has revealed what it says is the world’s first vehicle made of fossil-free steel: A four wheeled fully electric load carrier made for… Continue reading Volvo reveals its first vehicle made of fossil-free steel
CarDekho is eyeing a public listing in the next 18 months, says CEO Jain
The plans for the initial public offering (IPO) are currently being discussed by the company’s board, said Amit Jain, co-founder and chief executive at CarDekho. “We will now begin the processes and compliance from a regulatory perspective for the IPO. Markets are always favourable to a good company. At present, our business lines of selling… Continue reading CarDekho is eyeing a public listing in the next 18 months, says CEO Jain
Tesla secures large supply of nickel from New Caledonia for battery production
Tesla has signed a new supply agreement in order to secure a large amount of nickel from New Caledonia for battery production. Over the last year, Tesla CEO Elon Musk has been pushing for nickel producers to boost production as he expects the resource could become a bottleneck for battery production. It’s likely the reason why the… Continue reading Tesla secures large supply of nickel from New Caledonia for battery production
Aurora’s autonomous trucks and taxis will be available to customers via subscription
Aurora, the autonomous vehicle company founded by the former lead engineer for Google’s self-driving car project, announced that its autonomous trucks and taxis will be available to customers via subscriptions. Aurora doesn’t expect to roll out its self-driving trucks and ride-hailing vehicles until 2023 and 2024, respectively, but the company is providing more detail about… Continue reading Aurora’s autonomous trucks and taxis will be available to customers via subscription
Volvo Group unveils vehicle made with 3,000 kilos of ‘fossil-free’ steel
AB Volvo, the construction truck arm of Sweden’s Volvo Group, unveiled a new vehicle Wednesday made with a majority of “fossil-free” steel, plus plans to begin smaller-scale series production using the new material as early as 2022. “Our intention is to start to build these vehicles, these relatively small-load carriers, utilizing this fossil-free steel,” Lars… Continue reading Volvo Group unveils vehicle made with 3,000 kilos of ‘fossil-free’ steel
Safety regulator wants info on Tesla’s FSD beta, ‘safety score’ evaluation
The National Highway Traffic Safety Administration wants to know why Tesla didn’t issue a recall for Autopilot after it became obvious the driver assistance system had a problem “seeing” parked emergency vehicles. NHTSA is also asking Tesla for more information about the growing public beta test of its incomplete Full Self-Driving software, the recently launched… Continue reading Safety regulator wants info on Tesla’s FSD beta, ‘safety score’ evaluation
Tesla cofounder JB Straubel sends warning to automakers going all-electric: ‘Do the supply chain math’
Tesla cofounder and longtime CTO JB Straubel sent a warning to automakers that are making announcements about timelines to go all-electric: “Make sure you do the math when it comes to your supply chain.” In a new episode of “This Week in Startups,” Straubel discussed his early days at Tesla and how he is proud… Continue reading Tesla cofounder JB Straubel sends warning to automakers going all-electric: ‘Do the supply chain math’
India’s CarDekho becomes unicorn with $250 million fundraise
CarDekho, an Indian search and e-commerce platform for new and used cars, has become the latest startup in the world’s second-largest market to reach the unicorn status. The 14-year-old startup said on Wednesday it has raised $250 million — $200 million in equity and $50 million in debt — in its Series E financing round.… Continue reading India’s CarDekho becomes unicorn with $250 million fundraise
Tesla supplier CATL announces $5 billion battery recycling facility
CATL, the leading battery manufacturer in China, has shared new plans to create a $5 billion facility to recycle used batteries for their earth materials such as cobalt and lithium. The facility will be erected as a joint venture at a time when EVs are becoming more and more in demand globally. Contemporary Amperex Technology… Continue reading Tesla supplier CATL announces $5 billion battery recycling facility