Category: News Site

China set to beat Japan to become No. 1 auto exporter

TOKYO/BEIJING — China is on track to become the world’s top automobile exporter on an annual basis for the first time, thanks to bigger footholds in Russia and Mexico and a growing global electric vehicle (EV) industry. China exported 4.41 million autos from January to November, up 58% from the same period last year, according… Continue reading China set to beat Japan to become No. 1 auto exporter

China’s Xiaomi unveils first electric car, aims to become top automaker

BEIJING (Reuters) — Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of the world’s top five automakers. The sedan, dubbed the SU7 with the SU short for Speed Ultra, is a highly anticipated model that Chief Executive Lei Jun touted… Continue reading China’s Xiaomi unveils first electric car, aims to become top automaker

Toyota unit Daihatsu could face $700m in losses as scandal halts factories

NAGOYA/TOKYO– Daihatsu Motor could suffer over 100 billion yen ($700 million) in losses stemming from the safety test scandal that came to light last week, according to one estimate, as the Toyota Motor unit faces a factory shutdown and compensation to suppliers. The automaker has halted all production in Japan with no timeline for a… Continue reading Toyota unit Daihatsu could face $700m in losses as scandal halts factories

Proto Hologram Receives Investment from Cartan Capital

Proto Hologram, a Los Angeles, CA-based provider of a patented hologram device, received an investment from Cartan Capital. The amount of the deal was not disclosed. Proto has previously received backing from Tim Draper (Tesla, CoinDesk, Skype, Twitch), Mike Walsh (Uber), True Capital Management and Christie’s Ventures. Athlete investors in Proto include Brittany Griner, Marshawn… Continue reading Proto Hologram Receives Investment from Cartan Capital

Amazon plans to make its own hydrogen to power vehicles

/ Amazon thinks hydrogen can be a more sustainable fuel for vehicles at its warehouses, but it’ll have to clean up hydrogen production first. By Justine Calma, a senior science reporter covering climate change, clean energy, and environmental justice with more than a decade of experience. She is also the host of Hell or High… Continue reading Amazon plans to make its own hydrogen to power vehicles

Xiaomi sports saloon brings up to 670bhp and 746-mile range

Xiaomi has unveiled its first production car, the SU7, as a Porsche Taycan-rivalling electric saloon that’s due on sale globally after a launch in China next year.  The new saloon debuted 1003 days after the Chinese consumer electronics company initially announced its plans to enter the electric car ranks in 2021 with an initial investment of… Continue reading Xiaomi sports saloon brings up to 670bhp and 746-mile range

Our favourite cars of 2023: Lamborghini Huracan Sterrato

The Lamborghini Huracán Sterrato is ludicrous, a millionaire’s gewgaw designed to deliver on a use case that seems barely feasible: off-road supercar. But it’s also the most fun I’ve had in any new car of 2023, which is why it appears here. Not, crucially, just on loose surfaces. I did get to experience the Sterrato… Continue reading Our favourite cars of 2023: Lamborghini Huracan Sterrato

Creating a Formula 1 fantasy team with all the past legends

Ah, the ‘what might’ve beens’ that litter every motorsport age. My favourites? If Stirling Moss hadn’t called time after his Goodwood crash on Easter Monday 1962, just how different might Formula 1 have looked through the 1960s? And what about Jim Clark? Killed in 1968, he didn’t even get to sample slick tyres, never mind… Continue reading Creating a Formula 1 fantasy team with all the past legends

From concept to reality: the world’s greatest show cars

Concept cars exist to show off cutting-edge designs and technologies that will eventually be woven into the fabric of some of the most important cars on the road. Serving as a forward-thinking statement of intent for their respective companies, concept cars are often more newsworthy and exciting than the machines that actually make it into showrooms… Continue reading From concept to reality: the world’s greatest show cars