Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters. The deal launched on Monday for the company to sell 1.5 billion primary shares within a price range of HK$3.85 to HK$3.99 each, the term sheet said.… Continue reading Softbank-backed SenseTime launches IPO in Hong Kong to raise up to $767m …
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Vietnamese EV maker VinFast eyes IPO in US in H2 of 2022 …
Vietnamese conglomerate Vingroup is aiming to list its carmaking unit VinFast in the US in the second half of next year, the company said in a statement on Saturday. Vingroup said it was working with investment banks to prepare for VinFast’s US IPO, which is expected to be the first of its kind by a… Continue reading Vietnamese EV maker VinFast eyes IPO in US in H2 of 2022 …
The Polestar Precept is a cypher for the EV automaker’s future
Polestar will spend the next three years executing a lofty electric vehicle launch schedule that will culminate with the Precept concept, a “Rosetta Stone” of sorts that provides a physical representation of the company’s future. Polestar, the former Volvo company that spun out to become its own brand, refers to the concept as its “manifesto.”… Continue reading The Polestar Precept is a cypher for the EV automaker’s future
Tesla pushes new Full Self-Driving Beta update with improved object detection
Tesla has started to push a new Full Self-Driving Beta software update (version 10.6) to its fleet with improved object detection. It’s the latest step in the long road to improve the FSD package and deliver on a promise to customers that has been delayed several times. Tesla is currently slowly rolling out what it… Continue reading Tesla pushes new Full Self-Driving Beta update with improved object detection
Elon Musk Posts Meme Mocking Crypto Fans, Then Crypto Crashes
Is Elon Musk crashing the crypto market over a sibling rivalry? The top three cryptocurrencies were each down Saturday morning — with the still-dominant Bitcoin down a jarring 12 percent — after the Tesla CEO tweeted a meme mocking crypto fans. The wildest part? It may have been inspired by sibling rivalry. Friday evening, around… Continue reading Elon Musk Posts Meme Mocking Crypto Fans, Then Crypto Crashes
Toyota commits to 100% zero-emission sales in Europe by 2035, because it essentially has to
During a recent media event in Brussels, Toyota Europe outlined a plan for a 100% CO2 reduction in all-new vehicle sales in the market by 2035. This “goal” will be preceded by a sales mix of at least 50% zero-emission vehicles (ZEVs) in Western Europe by 2030. On a broader scale, Toyota Motor Corporation continues… Continue reading Toyota commits to 100% zero-emission sales in Europe by 2035, because it essentially has to
Tesla updates Cybertruck with 4 motors, 4-wheel steering, and ‘crab mode’
Elon Musk confirmed that Tesla is updating the Cybertruck with a four-motor configuration that is going to enable independent power at each wheel and four-wheel steering with “crab” mode, like the Hummer EV. As we previously reported, Tesla removed Cybertruck specs and prices from its website in October. After being unchanged for two years since… Continue reading Tesla updates Cybertruck with 4 motors, 4-wheel steering, and ‘crab mode’
Tesla recalls 21,599 Model Ys made in China, citing steering knuckle issues
According to a statement from China’s State Administration for Market Regulation (SAMR), Tesla Shanghai filed a recall plan for 21,599 Model Y EVs manufactured in the country. The automaker cited issues pertaining to the strength of front and rear steering knuckles, stating they may not meet the automaker’s design requirements. Just last week, we reported… Continue reading Tesla recalls 21,599 Model Ys made in China, citing steering knuckle issues
Porsche invests in German startup aiming to be a one-stop shop for carbon neutral homes
Porsche’s venture arm has taken a minority stake in 1Komma5, a five-month-old German startup aiming to offer households everything needed for a carbon neutral home, including energy storage, charging infrastructure for electric vehicles and solar. The investment, the amount of which was not disclosed, follows a series of deals made by Porsche Ventures in the… Continue reading Porsche invests in German startup aiming to be a one-stop shop for carbon neutral homes
Toyota partners with BYD to build affordable $30,000 electric car
Toyota has reportedly partnered with China’s BYD to build a new affordable electric car to launch next year. The Japanese automaker has widely been recognized as a laggard in the transition to electric vehicles. Years of betting on hydrogen fuel cells and hybrid vehicles has put Toyota behind on battery-electric vehicles. The automaker only recently… Continue reading Toyota partners with BYD to build affordable $30,000 electric car