Premium China’s new-energy vehicle (NEV) industry set records in 2021. The country produced 3.54 million NEVs, including battery-electric cars and plug-in hybrids, and sold 3.52 million of them. Sales were up 181% from 2020 and exceeded the total of the previous three years. In 2021, NEVs made up 15.7 % of the country’s car market.… Continue reading China’s New Energy Vehicles market may have crossed a turning point as sales zoom
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Shared mobility company GoTo Global is going public through a shell company merger
GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to close in early April, which will initially give GoTo access to the… Continue reading Shared mobility company GoTo Global is going public through a shell company merger
Lyft’s revenue growth masks active riders slippage
U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ expectations. The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard by the… Continue reading Lyft’s revenue growth masks active riders slippage
Subaru opens up reservations for its first EV, the Solterra
Forget the electric pickup truck wars, which has Ford, GM and Rivian duking it out for market share. The electric wagon-meets-crossover battle is heating up with Toyota, Subaru, Hyundai and Kia all introducing new EVs this year. The latest is Subaru, which opened up reservations Tuesday for its upcoming 2023 Solterra EV. The Solterra, the… Continue reading Subaru opens up reservations for its first EV, the Solterra
Ford CEO: We would rival Tesla right now if we were producing enough electric vehicles
Ford CEO Jim Farley made an interesting comment that highlighted just how the perception of Tesla has massively shifted in the automotive industry over the last few years. It was just a few years ago that the consensus about Tesla amongst leaders at legacy automakers was that the company is great at making a few… Continue reading Ford CEO: We would rival Tesla right now if we were producing enough electric vehicles
Ferrari is Qualcomm’s latest partner to build smarter cars
Qualcomm has announced its latest automotive partner: none other than Ferrari, with whom it’ll be entering into a “strategic technology collaboration” that will (eventually) see Qualcomm’s automative technology make its way into future Ferrari cars. As part of the deal, Ferarri plans to use Qualcomm’s Snapdragon Digital Chassis suite in the future, although there are… Continue reading Ferrari is Qualcomm’s latest partner to build smarter cars
Uber’s app will beep until you buckle your seatbelt
Uber has no qualms about annoying its customers to pressure them to do something. The latest example is a new feature that will emit a series of chimes until passengers buckle their seatbelts. Previously, Uber drivers would rely on signage to encourage passengers to secure their seatbelts. (Google “Uber seatbelt sign,” and you’ll see plenty… Continue reading Uber’s app will beep until you buckle your seatbelt
Tesla spotted working on new Cybertruck prototype, drone gets dangerously close
Tesla was spotted working on a new Cybertruck prototype at Fremont factory. While it’s nice to see more footage of the highly-anticipated new electric pickup truck, the footage makes us a bit uncomfortable with how close the drones get to the prototype and Tesla employees. We were expecting to get an update about the Cybertruck… Continue reading Tesla spotted working on new Cybertruck prototype, drone gets dangerously close
Automotive simulation platform Morai secures $20.8M Series B to expand its global footprint
Morai, which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, announced today it has raised $20.8 million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., Germany, Japan and Singapore. The fresh capital was… Continue reading Automotive simulation platform Morai secures $20.8M Series B to expand its global footprint
Nissan to end gas engine development (but not really)
Nissan reportedly plans to end “most” gasoline engine development, becoming the first Japanese automaker to take this step, according to Nikkei Asia. The word “most” does a lot of work in that sentence, though, as Nissan still has significant plans to continue selling and developing gas-powered vehicles. Those plans center around the US market, where… Continue reading Nissan to end gas engine development (but not really)