On Thursday, Chinese electric vehicle maker Nio announced plans for a “battery as a service” option with its cars. The company will let buyers lease their batteries for about $150 per month, lowering the purchase price of the car. Customers will have access to battery-swap locations and chargers throughout China, Nio said. Visit Business Insider’s… Continue reading Chinese Tesla rival Nio wants to lower the price of owning an EV by selling cars and leasing their batteries
Tag: Tesla
Chinese electric car brand NIO may export a battery-swapping service
Beijing – Chinese electric car brand NIO plans to start expanding to Western markets next year and might export a battery-swapping service that could help it compete with rival Tesla, the company’s chairman said Thursday. NIO, founded in 2014, pushed back foreign plans due to the coronavirus pandemic, William Li told reporters. He said the company… Continue reading Chinese electric car brand NIO may export a battery-swapping service
China’s budget EV maker Kandi eyes setting up North American manufacturing plant
(Reuters) – Chinese battery and electric car maker Kandi Technologies Group Inc said on Thursday it is actively exploring setting up an electric and off-road vehicle manufacturing plant in North America. The U.S.-listed company said it is in the early stages of discussions with various partners, including local government agencies from the U.S.-Mexico border, but… Continue reading China’s budget EV maker Kandi eyes setting up North American manufacturing plant
Lucid Motors boasts it will have ‘the fastest charging electric vehicle ever offered’
Lucid Motors announced that its forthcoming all-electric sedan, the Lucid Air, will be the “fastest charging electric vehicle ever offered.” The company claims the Air will have the capability to charge at rates of up to 20 miles per minute — which translates to 300 miles in about 20 minutes. This charging time is possible… Continue reading Lucid Motors boasts it will have ‘the fastest charging electric vehicle ever offered’
World NM: Tesla Won’t Deliver Discounted Cars to Pinduoduo000028
U.S. electric-vehicle maker Tesla Inc. is refusing to deliver Model 3 vehicles to buyers on Chinese group buying platform Pinduoduo Inc. which has been offering the cars at cheaper prices via group buying deals. Many brands have publicly shunned the discount retailer which has struggled to shake off a reputation for selling low quality and… Continue reading World NM: Tesla Won’t Deliver Discounted Cars to Pinduoduo000028
Hands-free driving could be made legal on UK roads
Hands-free driving could be legal on UK roads by spring next year, the government has said, as it launched a consultation on the technology. The Department for Transport (DfT) has issued a call for evidence into automated lane keeping systems (ALKS). Such technology controls a car’s movements and can keep it in lane for extended… Continue reading Hands-free driving could be made legal on UK roads
Tesla Roadster: Elon Musk confirms race car-like centerlock wheels
Tesla CEO Elon Musk confirmed the smallest little detail about the new Roadster: it will have race car-like one-nut wheels. We are kind of starving for information when it comes to Tesla’s new Roadster. The electric supercar is supposed to come deliver the “ultimate smackdown” to gasoline-powered cars by outperforming all other supercars and becoming… Continue reading Tesla Roadster: Elon Musk confirms race car-like centerlock wheels
Payments giant Stripe poaches General Motors’ CFO in its latest high-profile hire – CNBC
Dhivya Suryadevara, former Chief Financial Officer of GM, named new Stripe CFO. Source: GM Stripe has snagged General Motors‘ chief financial officer Dhivya Suryadevara as the payment start-up beefs up its C-suite amid an e-commerce boom brought on by the pandemic. Suryadevara was named the automaker’s first female finance chief in 2018, leading it through a pandemic that… Continue reading Payments giant Stripe poaches General Motors’ CFO in its latest high-profile hire – CNBC
Exclusive: GM bets on electric Cadillacs and micro-vans to reverse China slide
SHANGHAI (Reuters) – General Motors (GM.N) is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem a slide in sales after more than two decades of growth in a country that contributes nearly a fifth of its profit. FILE PHOTO: A new Cadillac XT6 SUV of GM is… Continue reading Exclusive: GM bets on electric Cadillacs and micro-vans to reverse China slide
Auto Stock Roundup: TSLA Stock Split, Ford Recalls, NIO’s Q2 Show & More
Last week, China Association of Automobile Manufacturers (“CAAM”) unveiled vehicle sales data for the month of July. Auto sales in July rose 16.4% year over year to 2.11 million units, marking the fourth consecutive month of gain registered by the world’s biggest auto market. The main highlight of the July auto report in China was… Continue reading Auto Stock Roundup: TSLA Stock Split, Ford Recalls, NIO’s Q2 Show & More