SOCAR, a south Korean car-sharing startup, has filed for an initial public offering, announced on Wednesday by Korea Exchange. The details – the number of shares to be offered in the IPO and the price range – have not yet been determined, said a spokesperson at SOCAR. SOCAR has reached approximately $834 billion (1 trillion… Continue reading Korean car-sharing startup SOCAR has filed for an IPO
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Volvo partners with Luminar and Zenseact to bring autonomous driving feature to new e-SUV
Volvo Cars is working with lidar company Luminar and its autonomous driving (AD) software subsidiary Zenseact to introduce an AD feature to its next generation of fully electric cars, the automaker said on Wednesday at CES. The company aims to first introduce the feature, named “Ride Pilot,” as an add-on subscription to an electric SUV… Continue reading Volvo partners with Luminar and Zenseact to bring autonomous driving feature to new e-SUV
Cadillac’s new self-driving concept is a luxury loveseat on wheels
After introducing a six-person self-driving box and a frickin’ ridable drone concept last year, GM’s latest luxury self-driving EV idea is much more grounded. The InnerSpace concept looks like a futuristic car from the outside—but inside, there’s a two-seat loveseat surrounded by one of the widest screens we’ve ever seen. There’s no steering wheel or… Continue reading Cadillac’s new self-driving concept is a luxury loveseat on wheels
GM unveils sharp-looking Equinox EV starting at game-changing $30,000 price
At CES today, GM unveiled a sharp-looking Equinox EV, which the automaker says will start at just $30,000 – it will be added to the Chevrolet EV lineup in fall 2023. As we reported earlier today, CES was big for GM this year with the unveiling of its Silverado electric pickup truck, but the automaker… Continue reading GM unveils sharp-looking Equinox EV starting at game-changing $30,000 price
Tesla Model S gets 752 miles of range with ONE’s new energy-dense battery pack
Our Next Energy, also known as ONE, installed one of its battery packs in a Tesla Model S and managed to have it travel 752 miles on a single charge. The Model S is Tesla’s longest-range vehicle with up to 405 miles of range on a single charge depending on the configuration. CEO Elon Musk… Continue reading Tesla Model S gets 752 miles of range with ONE’s new energy-dense battery pack
Nikola finally gives up on $2 billion patent trolling lawsuit against Tesla over semi truck design
Nikola has officially given up on its $2 billion patent trolling lawsuit against Tesla over the design of the Tesla Semi electric truck. As we previously reported, Nikola alleged that Tesla’s electric truck design infringes on its existing design patents for an old truck prototype it unveiled in 2016. Specifically, a series of three design… Continue reading Nikola finally gives up on $2 billion patent trolling lawsuit against Tesla over semi truck design
Volvo confident it can get its ‘unsupervised’ highway driving mode approved in California
Volvo announced a new advanced driver assist system called Ride Pilot system, in which its vehicles drive themselves on certain highways without any human supervision. Ride Pilot will be available as a subscription service to customers in California, the company announced at the 2022 Consumer Electronics Show. It’s an ambitious plan that carries its own… Continue reading Volvo confident it can get its ‘unsupervised’ highway driving mode approved in California
Stellantis to transform Chrysler into an all-electric brand by 2028
Chrysler, the 96-year-old brand owned by Stellantis that is best known today for its minivans, will become an all-electric brand by 2028. The company made the announcement as it introduced the Chrysler Airflow Concept, an all-wheel drive electric SUV concept equipped with two electric motors and a battery designed to travel 350 miles to 400… Continue reading Stellantis to transform Chrysler into an all-electric brand by 2028
Chrysler’s first concept EV could offer up to 400 miles of range
Electrified pickups and SUVs may be all the rage but there’s apparently still plenty of room in the EV market for more battery-powered autos and crossovers. At CES 2022 on Wednesday, Chrysler revealed its first fully electric vehicle concept, the Airflow. “The Chrysler Airflow Concept represents the future direction of the Chrysler brand, providing a… Continue reading Chrysler’s first concept EV could offer up to 400 miles of range
China Evergrande to meet bondholders to delay redemption date
China Evergrande Group will seek a six-month delay in the redemption and coupon payments of a 4.5 billion yuan ($156.92 million) bond in a meeting with bond holders this weekend, underscoring the pressure on the debt-laden property developer. Evergrande is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of offshore… Continue reading China Evergrande to meet bondholders to delay redemption date