The price of Tesla’s stock market valuation increased sevenfold in the last year and is currently around 700 billion US dollars (570 billion euros). The German car company VW (79 billion euros), Daimler (61 billion euros) and BMW (46 billion euros) come together to around 186 billion euros. Long before Tesla’s course exploded, there was… Continue reading German Manager Magazin: Tesla at record high: Will Elon Musk now buy BMW or Daimler? 000459
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German Manager Magazin: New car registrations: Electric cars are growing strongly, but the German car market will shrink by 19 percent in 2020
In 2020, fewer new cars were registered nationwide than in ten years. With 2.92 million new registrations, the German fell Car market in the Corona crisis by a good 19 percent, as shown by figures from the Federal Motor Transport Authority. At the end of the year, sales were stronger than expected and so mitigated… Continue reading German Manager Magazin: New car registrations: Electric cars are growing strongly, but the German car market will shrink by 19 percent in 2020
Apple Is Trying to Find a Manufacturer For Its Self-Driving Car
Apple x Hyundai South Korean automaker Hyundai Motors is in early stage talks with tech titan Apple to develop an electric car, CNBC reports. Shares of the manufacturer surged by 19 percent following the news. Hyundai isn’t the only carmaker in talks with Apple. “We understand that Apple is in discussion with a variety of… Continue reading Apple Is Trying to Find a Manufacturer For Its Self-Driving Car
Tesla’s Chinese rivals strike back with new models
HONG KONG — Upstart Chinese challengers to Elon Musk’s Tesla are raising the stakes in the race to carve up the world’s largest electric vehicle market with plans to launch new models for the year ahead. Nio, the U.S.-listed carmaker whose market value rose more than 12-fold during 2020, will launch its first flagship sedan… Continue reading Tesla’s Chinese rivals strike back with new models
Tesla has decided to sell the cheaper Model Y standard range after all
Tesla has started taking orders for a cheaper standard range version of the Model Y in an apparent reversal by CEO Elon Musk who earlier this year seemed to put plans to release the vehicle on hold. Electrek was the first to report that Tesla had updated its website to include the Model Y standard… Continue reading Tesla has decided to sell the cheaper Model Y standard range after all
Hyundai’s confusion over Apple electric car tie-up
The electric vehicle (EV) market is becoming increasingly competitive, with companies such as Tesla grabbing the headlines with its rapidly-increasing valuation. Tesla chief executive Elon Musk is now the richest man in the world, displacing Amazon founder Jeff Bezos. Go to Source
China’s Baidu said to plan smart EV firm, to make cars at Geely plant
China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The venture will revamp some of Geely‘s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and… Continue reading China’s Baidu said to plan smart EV firm, to make cars at Geely plant
Baidu plans smart EV company, to make cars at Geely plant: Sources
The venture will revamp some of Geely’s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and engineering know-how from Geely, sources told Reuters. By Yingzhi Yang, Yilei Sun and Brenda Goh BEIJING: China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar… Continue reading Baidu plans smart EV company, to make cars at Geely plant: Sources
Waymo is dropping the term ‘self-driving,’ but not everyone in the industry is on board
Waymo will no longer use the term ‘self-driving’ to describe the technology it has been developing for more than a decade, opting instead for ‘autonomous.’ The Alphabet company said that this seemingly small shift is an important effort to clarify what the technology does and doesn’t do. It’s also been viewed as an attempt distance… Continue reading Waymo is dropping the term ‘self-driving,’ but not everyone in the industry is on board
Mercedes wide screen display aims to outdo Tesla’s hallmark touchscreen
By Nick Carey 2 Min Read Ola Kaellenius, Chairman of the Board of Management of Daimler AG, speaks next to a Mercedes-Benz Vision EQS electric vehicle at a media event during the Guangzhou auto show in Guangzhou, Guangdong province, China November 22, 2019. Picture taken November 22, 2019. REUTERS/Yilei Sun LONDON (Reuters) – Daimler AG’s… Continue reading Mercedes wide screen display aims to outdo Tesla’s hallmark touchscreen