Maserati unveiled Tuesday a prototype of its first all-electric vehicle, a midsized crossover called the Grecale that marks the next step in its plan to go fully electric by 2030. The Grecale is slated to debut in two flavors: gas and electric. Gas-engine versions will arrive later this year, while the battery-electric model from Maserati’s… Continue reading Maserati reveals all-electric Grecale SUV coming to market in 2023
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Maserati jumps into luxury EV market with all-electric Grecale compact SUV
Italian luxury automaker Maserati unveiled the Grecale, a brand-new compact SUV that will come in a range of powertrains, including an all-electric version in 2023. It will be the tip of the spear in Maserati’s plan to become an EV-only brand by 2030. Last week, Maserati announced plans to launch a range of EVs bearing… Continue reading Maserati jumps into luxury EV market with all-electric Grecale compact SUV
StoreDot Receives Investment from Ola Electric
Doron Myersdorf, StoreDot CEO StoreDot, a Herzeliya, Israel-based maker of extreme fast charging – XFC -technologies for electric vehicles, has secured a multi-million-dollar investment from Ola Electric. The new funding comes as part of StoreDot’s Series D investment round. Ola is joining a wide range of high-profile investors and partners in StoreDot – a roster… Continue reading StoreDot Receives Investment from Ola Electric
Apple Maps EV routing is now available for the Ford Mustang Mach-E
It’s about to get easier for Ford Mustang Mach-E drivers to find the nearest charging station, thanks to a new iOS 15.4 update for Apple Maps. According to 9to5Mac, EV routing can now be activated on the Mach-E through Apple Maps on CarPlay, Apple’s in-car system. The feature was first previewed during WWDC 2020, and… Continue reading Apple Maps EV routing is now available for the Ford Mustang Mach-E
Self-driving truck startup TuSimple to explore options for APAC businesses
Self-driving driving truck startup TuSimple Holdings Inc said on Monday it would explore “certain transactions” for its Asia-Pacific-focused businesses, sending shares in the company up 2.3% in premarket trade. The company, backed by Chinese social media firm Sina Corp, said the exploration process does not include plans for a divestiture or a similar transaction for any of… Continue reading Self-driving truck startup TuSimple to explore options for APAC businesses
Luminar acquisition brings high-performance laser capabilities in-house
Luminar, a company that builds vision-based lidar and machine perception technologies for autonomous vehicles, is acquiring high-performance laser manufacturer Freedom Photonics on Monday. The all-stock transaction involves Luminar selling 3 million shares of its common stock, or about $42.3 million at today’s share price, per a regulatory filing. The buy is Luminar’s latest to vertically… Continue reading Luminar acquisition brings high-performance laser capabilities in-house
VW will invest $7.1 billion in its North American production capacity
Volkswagen’s electrification efforts in North America will receive an additional $7.1 billion investment over the next five years, the company announced on Monday. VW intends to spend that money on “[boosting] its product portfolio, regional R&D and manufacturing capabilities,” per a release, in hopes that doing so will help drive 55 percent of its US… Continue reading VW will invest $7.1 billion in its North American production capacity
Musk reveals plan to scale Tesla to ‘extreme size’
Elon Musk signaled plans to scale Tesla to the “extreme” while teasing the release of Tesla’s “Master Plan Part 3” on Twitter one day before opening the automaker’s first European factory. On Monday, Musk revealed on Twitter the themes that will dominate the next installment in Tesla’s long-term playbook: artificial intelligence and scaling the automaker’s… Continue reading Musk reveals plan to scale Tesla to ‘extreme size’
China’s NIO Capital closes oversubscribed USD Fund II at $400m …
NIO Capital, an investment firm founded by Chinese electric vehicle (EV) maker NIO, announced on Monday that it reached the final closing of a flagship fund at about $400 million to step up investments in energy, automobiles, and deep technology industries. The new fund, named “Eve ONE Fund II,” received capital commitments from a diversified… Continue reading China’s NIO Capital closes oversubscribed USD Fund II at $400m …
The Station: GM deepens it stake in Cruise and Porsche plots out its EV course
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. (Folks, a technical snafu meant the weekly newsletter wasn’t emailed to subscribers this Sunday, so we’re posting this now. We regret the error.) Hello readers: Welcome to The… Continue reading The Station: GM deepens it stake in Cruise and Porsche plots out its EV course