Rob Nikolewski, The San Diego Union-Tribune Published 12:01 a.m. ET Sept. 30, 2019 There’s a new electric vehicle brand on the block, and it’s chosen a handful of target cities to show off its high-performance sedan with lofty ambitions — to take a chunk of market share from the hot-selling Tesla Model 3. It’s the… Continue reading Polestar 2 wants to take a chunk of market share from Tesla Model 3
Tag: Tesla
Byton To Produce M-Byte For U.S. In South Korea
Byton has built a production plant in China, but EVs for other markets will be made in South Korea. Byton electric cars (particularly the first Byton M-Byte) will be produced also in South Korea (besides at the main facility in Nanjing, China). According to Reuters, Future Mobility Corp (FMC) teams with Myongshin, the South Korean… Continue reading Byton To Produce M-Byte For U.S. In South Korea
Tesla Surges on Musk Seeing Shot at 100,000-Delivery Quarter
Tesla Inc. shares climbed the most since June after Elon Musk said in an email to employees that the carmaker has a chance to top the vehicle-delivery record it set in the second quarter.
Hennessey Performance’s first EV mods will go on the Porsche Taycan
We’ve been waiting years for tuner culture to catch up with electric vehicles, and now Hennessey Performance Engineering is promising to get in the game, starting with the Porsche Taycan. According to its founder and CEO John Hennessey, the company will start with “simple modifications such as wheels, tires and interior upgrades as well as… Continue reading Hennessey Performance’s first EV mods will go on the Porsche Taycan
Embark Announces $70M Series C led by Tiger Global
[embedded content] Embark’s self-driving trucks are now moving freight for five Fortune 500 customers Today, Embark is proud to announce our $70 million Series C financing. The round was led by Tiger Global, with participation from Sequoia, DCVC, YCombinator, SV Angel, Maven Ventures, OMERS Ventures, and Mubadala Ventures. This round brings our fundraising total to… Continue reading Embark Announces $70M Series C led by Tiger Global
Nio raising more cash amid cost-cutting campaign
BEIJING (Reuters) – Nio Inc, one of China’s high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market. FILE PHOTO: Chinese electric vehicle start-up… Continue reading Nio raising more cash amid cost-cutting campaign
Nio aims to control cash burn with smaller showrooms, leaner staff
BEIJING (Reuters) – China’s loss-making Tesla wannabe Nio Inc will expand its sales network with smaller showrooms, slash its workforce and spin off some business units, company executives said on Wednesday, in a move to control massive cash burn amid slowing electric vehicle sales in the world’s largest auto market. Chinese electric vehicle start-up Nio… Continue reading Nio aims to control cash burn with smaller showrooms, leaner staff
Tesla owners start seeing a data usage counter with a 50GB cap
Sponsored Links Roberto Baldwin/Engadget Tesla last year started splitting data into standard and premium tiers, but it’s now hinting that it might watch how much data you’re using, too. Some owners have noticed a data use counter showing up on their cars with a seeming 50GB cap. It’s not yet clear what this cap is… Continue reading Tesla owners start seeing a data usage counter with a 50GB cap
South Korea’s Myongshin to build EVs for Chinese brand at ex-GM plant
SEOUL (Reuters) – South Korean auto parts maker Myongshin, which bought a shuttered General Motors’ factory, has agreed to supply more than 50,000 electric vehicles a year to Chinese venture Future Mobility Corp (FMC). A supplier to Tesla Inc, Myongshin signed a deal on Wednesday to manufacture the electric vehicles for FMC’s Byton brand beginning… Continue reading South Korea’s Myongshin to build EVs for Chinese brand at ex-GM plant
S.Korea’s Myongshin to build EVs for Chinese brand at ex-GM plant
SEOUL (Reuters) – South Korean auto parts maker Myongshin, which bought a shuttered General Motors’ factory, has agreed to supply more than 50,000 electric vehicles a year to Chinese venture Future Mobility Corp (FMC). A supplier to Tesla Inc, Myongshin signed a deal on Wednesday to manufacture the electric vehicles for FMC’s Byton brand beginning… Continue reading S.Korea’s Myongshin to build EVs for Chinese brand at ex-GM plant