On the EV side, Tesla is still the dominant player, with 72% share of the EV market. That is down from near 80% in 2020, but Tesla still delivered significant 71% year-over-year growth in a tough year. Tesla didn’t only dominate the EV market, Tesla dominated the overall luxury market, outselling Audi, BMW, Lexus, and… Continue reading New Electrified Vehicle Sales Hit Record in Q4 2021
Tag: Electric vehicles
Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round
Jidu, launched a year ago, is Baidu’s latest effort to leverage its artificial intelligence expertise for car-making. BEIJING: Baidu‘s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine… Continue reading Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round
@BMW: BMW model update measures as of spring 2022.001705
Munich. Parallel to the launch of the new BMW 8 Series, the new BMW M8 model family, the BMW iX M60 (power consumption combined: 24.5 – 21.9 kWh/100 km according to WLTP; CO2 emissions: 0 g/km) and the special edition BMW X2 Goldplay, BMW is increasing the appeal of numerous other models with additional drive variants… Continue reading @BMW: BMW model update measures as of spring 2022.001705
Baidu’s EV arm Jidu raises $400m in new funding round
Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine company Baidu and Chinese automaker Geely, said in a statement that it would deliver its mass-produced “robot” cars in 2023.… Continue reading Baidu’s EV arm Jidu raises $400m in new funding round
@Hyundai: Hyundai Motor Group and JTC to Develop Smart Transport and Logistics Models for Singapore’s Jurong Innovation District
MOU partnership between Hyundai Motor Group and JTC to study and develop smart transport and logistics models for Singapore’s Next-Generation Industrial and Business Parks such as Jurong Innovation District The Group to review new mobility options, including Electric Vehicles (EVs) and Autonomous Vehicles (AVs), to optimise logistics routes, autonomous shuttle services and infrastructure The… Continue reading @Hyundai: Hyundai Motor Group and JTC to Develop Smart Transport and Logistics Models for Singapore’s Jurong Innovation District
GM’s $7 billion investment intensifies EV battle with Ford, Tesla
Jan 25 (Reuters) – General Motors Co (GM.N) said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with rival Ford Motor Co (F.N) for EV supremacy in North America. Both U.S. automakers, however, will have to contend with current leader… Continue reading GM’s $7 billion investment intensifies EV battle with Ford, Tesla
Francis Ford Coppola emails Alexandra Ford English after F-150 Lightning debut: What he said
Hollywood director Francis Ford Coppola emailed Alexandra Ford English after the all-electric Ford F-150 Lightning pickup truck’s big reveal last summer, praised the automaker for its push into electrification — and hinted at more. Coppola revealed on Monday evening what took place during the exchange while speaking at a private fireside chat hosted by Ford Motor Co. at the Inglenook Winery he owns in… Continue reading Francis Ford Coppola emails Alexandra Ford English after F-150 Lightning debut: What he said
@GM: GM Accelerates its Drive to Lead the EV Industry with $7 Billion Investment in Michigan, Creating 4,000 New Jobs and Retaining 1,000 January 25…
– Orion Assembly to become the 2nd U.S. plant building Chevrolet Silverado EV and electric GMC Sierra – By the end of 2025, GM to have more than 1 million units of electric vehicle capacity in North America – GM and LG Energy Solution to build 3rd U.S. Ultium Cells battery cell manufacturing plant to… Continue reading @GM: GM Accelerates its Drive to Lead the EV Industry with $7 Billion Investment in Michigan, Creating 4,000 New Jobs and Retaining 1,000 January 25…
@GM: GM and LG Energy Solution Investing $2.6 Billion to Build 3rd Ultium Cells Manufacturing Plant in Lansing January 25, 2022
GM and LG Energy Solution Investing $2.6 Billion to Build 3rd Ultium Cells Manufacturing Plant in Lansing 8 million-square-foot facility in Lansing, Michigan expected to create 1,700 new manufacturing jobs Ultium Platform driving GM’s commitment to an all-electric future LANSING, Mich. – Ultium Cells, a joint venture of LG Energy Solution and General Motors, today… Continue reading @GM: GM and LG Energy Solution Investing $2.6 Billion to Build 3rd Ultium Cells Manufacturing Plant in Lansing January 25, 2022
@GM: GM to Make Major Michigan Investment Announcement
GM to Make Major Michigan Investment Announcement 2022-01-24 LANSING, Mich. – General Motors Chair and CEO Mary Barra will join Michigan Gov. Gretchen Whitmer, leaders from the Michigan House and Senate, and other distinguished guests to make a major Michigan manufacturing investment announcement on Tuesday, Jan. 25, at 11 a.m. ET. The event at the… Continue reading @GM: GM to Make Major Michigan Investment Announcement