A new report shows that Tesla is spending more in research and development (R&D) per car than any other automaker by a wide margin, and it is spending the least in advertising per car sold. Tesla is now the biggest automaker in the world by market capitalization, despite selling only a fraction of the number… Continue reading Tesla spends the most R&D and least in advertising per car sold
Category: Tech News
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Rental car delivery startup Kyte is growing its fleet to 10,000 vehicles
Kyte, the startup that delivers rental cars to customers’ doors, has raised $200 million in asset-backed credit financing from Goldman Sachs and Ares Global Management, money the company will use to pay for new vehicles that will fuel its expansion. Kyte, which is currently in 13 U.S. markets and will launch in Portland, Oregon this… Continue reading Rental car delivery startup Kyte is growing its fleet to 10,000 vehicles
China’s EV chassis maker PIX raises $11M to build its own smart vehicles
The autonomous driving industry in China has enjoyed a boom over the past two years, with both institutional and corporate investors pouring money into a driverless future. Companies thriving in the downstream, those offering robotaxi services, operating robo buses, or dispatching delivery bots, have been particularly popular with investors, raising hundreds of millions of dollars… Continue reading China’s EV chassis maker PIX raises $11M to build its own smart vehicles
VW’s Electrify America unveils new ‘human-centered’ EV charging stations
Electrify America, the electric vehicle charging company that’s a subsidiary of Volkswagen, announced plans to install new “human-centered” charging stations in several cities in California and New York, complete with solar panel awnings and a lounge-like waiting area. The company is also rolling out a slimmer, redesigned EV charger aimed at improving the customer experience.… Continue reading VW’s Electrify America unveils new ‘human-centered’ EV charging stations
Polestar’s most affordable EV is coming to the US
Swedish electric automaker Polestar is bringing its most affordable model to the US. The long-range, single-motor Polestar 2 may not have as much performance as the dual-motor variant, but it will certainly be more accessible. The single-motor was previously only available to pre-order in the US. Starting this week, deliveries of this variant are beginning.… Continue reading Polestar’s most affordable EV is coming to the US
First drive, Nissan Ariya: the stable relationship
Nissan invited the media out for a day at the track with the Nissan Ariya, the company’s long awaited second EV. After spending time driving and goofing with the crossover, I realize this vehicle is simply amazing. I think the Ariya is exactly what the American buying public would want and expect from an EV… Continue reading First drive, Nissan Ariya: the stable relationship
Hertz adds Tesla Model Y to its fleet after giant deal for 100,000 Model 3s
Hertz has decided to add Tesla Model Y to its growing electric vehicle fleet after announcing a deal to buy 100,000 Model 3 vehicles last year. Last year, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. The news sent Tesla’s… Continue reading Hertz adds Tesla Model Y to its fleet after giant deal for 100,000 Model 3s
Stellantis plans to build an EV battery plant in the US
Stellantis, the parent company of Dodge, Jeep, and Chrysler, plans to build an electric vehicle battery factory in the US. The news came out of an announcement Wednesday that the automaker would invest $4.1 billion on a new battery facility in Canada, along with South Korea’s LG Energy Solution. The factory in Windsor, Ontario, will… Continue reading Stellantis plans to build an EV battery plant in the US
Hyundai’s solar car roof isn’t as dumb as it sounds
The new hybrid Hyundai Sonata has solar cells built into its roof. After baking in the sun all day, the car can add 3-4 miles to its range. That might sound underwhelming, but my EV discharges far more than 3-4 miles per day just sitting parked and doing whatever a Tesla does when it’s not… Continue reading Hyundai’s solar car roof isn’t as dumb as it sounds
Elon Musk: Tesla aims to complete Cybertruck development this year for production in 2023
Elon Musk made a new comment about the Tesla Cybertruck, which recently took a backseat, and said that the automaker aims to complete Cybertruck development this year for production in 2023. When Tesla unveiled the Cybertruck back in 2019, Tesla said that the electric pickup truck would make it to market by the end of… Continue reading Elon Musk: Tesla aims to complete Cybertruck development this year for production in 2023