Category: Tech News

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Audi launches its newest EV, the 2022 Q4 e-tron SUV

Audi has launched the Q4 e-tron, the fifth electric vehicle in its growing portfolio, as part of the German automaker’s plan to bring more than 30 EVs and plug-in hybrids to market by 2025. The Q4 e-tron is Audi’s entry electric SUV model and the price reflects that. The vehicle, which was first revealed as a… Continue reading Audi launches its newest EV, the 2022 Q4 e-tron SUV

Uber adjusts third-quarter forecast in light of increased gross bookings

Uber said Tuesday that it could hit one measure of profitability in the third quarter, earlier than expected, as the ride-hailing company saw gains in its delivery and mobility businesses. The ride-hailing service told regulators in a filing this morning that it anticipated an increase in gross bookings and stronger adjusted EBITDA in the quarter… Continue reading Uber adjusts third-quarter forecast in light of increased gross bookings

Clean Technica: Report Of A Tesla Factory In Russia Debunked By Elon Musk001298

A Russian news site, Arguments of the Week, reported that the first Tesla Russian plant will be built in Korolev, the heart of Russian cosmonautics. Korolev is near Moscow and the article noted that this was confirmed by two sources in the Ministry of Industry and Trade as well as the Russian Federation Chamber of… Continue reading Clean Technica: Report Of A Tesla Factory In Russia Debunked By Elon Musk001298

Eli EVs begins production, European rollout of Eli ZERO, a compact two-seater

Eli Electric Vehicles, an early stage compact EV manufacturer, announced the start of production on its flagship Eli Zero, a micro “neighborhood electric vehicle” that is built for city commuting. The company plans to roll out small batches of the two-seater EV to distributors across 13 European countries over the next few months with a… Continue reading Eli EVs begins production, European rollout of Eli ZERO, a compact two-seater

India’s Cars24, a used-vehicle sales platform, raises $450M at a $1.84B valuation

The used car market is getting another major infusion of venture capital today, with one of the faster scaling startups out of India picking up a major round of financing to double down on growth: Cars24 — a site and app that sells users cars and used two-wheeled motorbikes — has raised $450 million, a… Continue reading India’s Cars24, a used-vehicle sales platform, raises $450M at a $1.84B valuation

China Evergrande shares plunge to 11-year low on default risks

Shares of Evergrande on Monday plunged as much as 19% to their lowest in over 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week. By noon, the stock had touched HK$2.06, the weakest level since May 2010. The company’s property… Continue reading China Evergrande shares plunge to 11-year low on default risks

Indian auto marketplace Droom eyes $135m from IPO early next year

The company is likely to file draft papers for the initial public offering in the next couple of months, and the IPO could be launched in early 2022, one of the two people said. “They have picked up two domestic investment banks, JM Financial and ICICI Securities, to begin work on their IPO,” the person… Continue reading Indian auto marketplace Droom eyes $135m from IPO early next year

Tesla ends its referral program for everything except solar roof

Tesla has now officially ended its referral program for its vehicles and everything else except its solar roof. We expect a new version of the program to launch in the near future. Tesla Referral Program For years, Tesla relied on its referral program to boost demand. The automaker doesn’t like to spend on marketing or… Continue reading Tesla ends its referral program for everything except solar roof

Elon Musk praises Chinese automakers amidst regulatory scrutiny

An unusually scripted Elon Musk issued conciliatory and complimentary comments to Chinese automakers during a pre-recorded appearance at China’s World New Energy Vehicle Congress, striking a pose that is worlds away from his commentary style in the United States. “I have a great deal of respect for the many Chinese automakers for driving these [EV… Continue reading Elon Musk praises Chinese automakers amidst regulatory scrutiny