Category: Tech News

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Peer-to-peer car-sharing company Turo files IPO to go public

Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August. The S-1 document filed Monday with the U.S. Securities and Exchange Commission does not include terms for its offering. Turo, which was founded in 2010 and has been compared… Continue reading Peer-to-peer car-sharing company Turo files IPO to go public

Tesla receives greenlight to build 2,000 Model Y bodies at Gigafactory Berlin ahead of final approval

Tesla has received a special approval from the Brandenburg State Environment department to build 2,000 Model Y bodies at Gigafactory berlin ahead of the much-coveted final approval. Over the last year, Tesla has run into a lot of red tape while trying to get approval to start production at Gigafactory Berlin, a giant new factory… Continue reading Tesla receives greenlight to build 2,000 Model Y bodies at Gigafactory Berlin ahead of final approval

Startup Says Its Solar Upgrade for Teslas Adds 60 Miles in Range per Day

A startup called EV Solar Kits is working on a photovoltaic upgrade package for Tesla vehicles that it says will cost just $5,000 and add up to 60 miles of range per day. “There’s so many pain points that EV owners have, whether it’s range anxiety or lifestyle aversion,” cofounder Steele Wasik told Futurism. “There’s… Continue reading Startup Says Its Solar Upgrade for Teslas Adds 60 Miles in Range per Day

Mahindra’s SsangYong Motor sold for $255m to Edison Motors-led consortium

A consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire the debt-laden SsangYong Motor Co Ltd for 305 billion won ($254.65 million), SsangYong Motor said on Monday. SsangYong is burdened with high debt and its vehicle sales last year fell to 84,496, down about 21% from a year earlier, a regulatory filing from… Continue reading Mahindra’s SsangYong Motor sold for $255m to Edison Motors-led consortium

Ford’s e-scooter company Spin is leaving markets and laying off staff

Spin, the e-scooter-sharing startup Ford acquired back in 2018, is shifting its focus in its quest to profitability and is exiting nearly all open permit markets globally as a result. In a post by company CEO Ben Bear, he said Spin has started winding down its operations in a few markets in the US, as… Continue reading Ford’s e-scooter company Spin is leaving markets and laying off staff

Ford doesn’t want the F-150 Lightning’s launch to be plagued by scalpers

Ford is fighting to keep the 2022 F-150 Lightning from being scalped — the company has sent a notice offering to help dealers prevent 2022 F-150 Lightning buyers from reselling their trucks, according to a report from CNET. If a dealer chooses to add a no-sale provision provided by Ford to its contracts, the buyer… Continue reading Ford doesn’t want the F-150 Lightning’s launch to be plagued by scalpers

Ford’s e-scooter company is pulling out of any city that doesn’t limit competition

Spin, the e-scooter company owned by Ford, announced a major restructuring Friday where it will pull out of “nearly all open permit markets.” More specifically, Spin is beginning to exit “a few” US markets, Germany, and Portugal, and it is “projecting” to close down in Spain as soon as February. Moving forward, Spin says it… Continue reading Ford’s e-scooter company is pulling out of any city that doesn’t limit competition

Tesla launches ‘Plaid Track Mode’ to push track performance to a whole new level

Tesla announced today the launch of ‘Plaid Track Mode’, a new version of its track mode software to push the track performance of the Model S Plaid to a whole new level. The automaker originally launch ‘Track Mode‘ for Model 3 Performance back in 2018. The software fine-tuned the dynamic controls for better track performance.… Continue reading Tesla launches ‘Plaid Track Mode’ to push track performance to a whole new level

Tesla’s record sales in UK help reach new electric market share milestone

Tesla had record sales in the United Kingdom in 2021, and the new car registration data show that it helped the country reach a new electric market share milestone: over 10% of the auto market for the first time. With car sales being down across the board since the pandemic, it’s giving EVs an opportunity… Continue reading Tesla’s record sales in UK help reach new electric market share milestone