VinFast, the Vietnamese automaker under Vingroup, was one of the LA Auto Show’s numerous newcomers this year aiming to make an impression with consumers. The company showed off two all-electric crossovers at the show. And like so many new entrants to automotive — or in VinFast’s case, new to the United States — the vehicles… Continue reading Vietnamese carmaker VinFast plots course for US market, starting with two electric crossovers
Category: Tech News
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Ford drops plan for Rivian-powered EV
Ford no longer plans to make an electric vehicle with EV startup Rivian, CEO Jim Farley tells Automotive News. The Detroit automaker originally announced it wanted to make a Rivian-powered EV in 2019 when it made its first investment of $500 million into the startup. Ford and Rivian already canceled a vehicle they planned to… Continue reading Ford drops plan for Rivian-powered EV
EV upstart Xpeng is expanding beyond China
Like Nio, Chinese electric car maker Xpeng has kickstarted its international expansion. But unlike its rival, which put on a series of splashy campaigns in Norway, Xpeng launched quietly in the Scandinavian country last month. In Norway, Xpeng has begun shipping its G3 SUVs and P7 sedans. The Chinese EV startup aims to enter more… Continue reading EV upstart Xpeng is expanding beyond China
Ford plans to produce 600,000 EVs a year by the end of 2023
Ford has ambitions to become the biggest US-based EV manufacturer someday, and that means greatly ramping up its production. Company CEO Jim Farley has announced that the automaker is planning to produce 600,000 electric vehicles per year by the end of 2023, which will double the number of EVs it originally intended to manufacture. According… Continue reading Ford plans to produce 600,000 EVs a year by the end of 2023
Comet Raises $50M in Series B Funding
Comet, a NYC-based provider of the development platform for enterprise machine learning (ML) teams, raised $50m in Series B funding. The round was led by OpenView, with participation from existing investors Scale Venture Partners, Trilogy Equity Partners and Two Sigma Ventures. In addition, Ofer Bengal, Founder and CEO of Redis, and Dr. Oren Etzioni, CEO at… Continue reading Comet Raises $50M in Series B Funding
Sono Motors has gone public, aims to get Sion solar electric vehicle to market by 2023
The idea for Sono Motors, the company that wants to power every electric vehicle using solar power, started nine years ago in a Munich basement when two entrepreneurial 18-year-olds starting spitballing solutions to society’s dependence on fossil fuels. Jona Christians and Laurin Hahn, Sono Motors’ co-founders, weren’t that into cars, but they recognized how much… Continue reading Sono Motors has gone public, aims to get Sion solar electric vehicle to market by 2023
Ford and GM are getting into chip development to help deal with the shortage
A year into the computer chip shortage that’s heavily affecting vehicle production, Ford announced a collaboration with chipmaker GlobalFoundries Inc., as The Wall Street Journal first reported. Ford’s press release about the non-binding agreement is light on specifics but mentions plans “to advance semiconductor manufacturing and technology development within the United States.” Without committing to… Continue reading Ford and GM are getting into chip development to help deal with the shortage
Fisker officially unveils Ocean SUV in three price tiers and lots of unique features
Los Angeles-based Automaker Fisker Inc. turned a new page in its history today with the official debut of its flagship EV, the Ocean SUV. The Ocean is an EV we have covered closely over the past two years leading up to its unveiling at the LA Auto Show this morning. Following a presentation by founder… Continue reading Fisker officially unveils Ocean SUV in three price tiers and lots of unique features
China Evergrande sells entire stake in streaming firm HengTen for $273m
Cash-strapped developer China Evergrande Group said on Thursday it is selling its entire stake in film and television streaming company HengTen Network Holdings for HK$2.13 billion ($273.5 million). Evergrande, the world’s most indebted developer, said it would realise a loss of HK$8.5 billion from the sale of its stake in HengTen, in which Chinese gaming and social media giant Tencent Holdings holds around a 20% share. The Shenzhen-based real… Continue reading China Evergrande sells entire stake in streaming firm HengTen for $273m
Kia’s electric SUV concept includes a sprawling 27-inch display
Hyundai’s LA Auto Show concepts include more than just a lounge on wheels. As Autoblog notes, the company’s Kia badge has unveiled the Concept EV9 as a peek at the possible “next model” in its electric vehicle lineup. The angular design language is a centerpiece, but the real highlight may be technology that, in some… Continue reading Kia’s electric SUV concept includes a sprawling 27-inch display