(Bloomberg) — Xiaomi Corp. plans to invest about $10 billion over the next decade to manufacture electric cars, embarking on its biggest-ever overhaul to enter China’s booming EV market. Billionaire co-founder Lei Jun will lead a new standalone division that will invest an initial 10 billion yuan ($1.5 billion) on smart vehicle manufacturing, the company… Continue reading Xiaomi Plans to Invest $10 Billion in Making Electric Cars
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Subaru Debuts New 2022 Outback Wilderness™ – Most Capable Outback Ever
Subaru of America today introduced the most rugged and capable Outback in the auto manufacturer’s history: the new 2022 Subaru Outback Wilderness™. With a standard 2.4-liter turbocharged SUBARU BOXER® engine, advanced dual function X-MODE, elevated 9.5-inch ground clearance, standard front skid plate, all-terrain tires, upgraded suspension and Subaru’s Symmetrical All-wheel drive, the Outback Wilderness is… Continue reading Subaru Debuts New 2022 Outback Wilderness™ – Most Capable Outback Ever
China smartphone maker Xiaomi to invest $10 billion in new EV unit over 10 years
The company’s move into the EV industry follows similar steps by other tech giants, both in China and overseas. SHANGHAI: Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing. The firm will initially invest 10 billion yuan… Continue reading China smartphone maker Xiaomi to invest $10 billion in new EV unit over 10 years
Canoo’s deal with Hyundai appears dead
The deal between Canoo and Hyundai to build electric vehicles appears to be dead, as the California EV startup is moving away from trying to sell its electric vehicle technology to other automakers. Canoo chairman Tony Aquila shared the news Monday during an icy investor call — Canoo’s first as a publicly-traded company. Canoo’s CEO… Continue reading Canoo’s deal with Hyundai appears dead
As Tesla gears up to release ‘Full Self-Driving’ to thousands more drivers, videos continue to show its flaws (TSLA)
Tesla is eyeing next month for a wider release of its “Full Self-Driving” beta software. The system is still buggy and sometimes gets drivers into dangerous situations, videos show. Neither the software nor Tesla’s Autopilot make its cars fully autonomous, despite the company’s marketing. See more stories on Insider’s business page. When Tesla beamed out… Continue reading As Tesla gears up to release ‘Full Self-Driving’ to thousands more drivers, videos continue to show its flaws (TSLA)
Chinese smartphone maker Xiaomi to make EVs using Great Wall’s plant -sources
By Julie Zhu and Yilei Sun HONG KONG/BEIJING: China’s Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd’s factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race. Xiaomi, one of the world’s biggest smartphone makers, is in… Continue reading Chinese smartphone maker Xiaomi to make EVs using Great Wall’s plant -sources
S.Korea’s LG shareholders approve plan to spin off affiliates
SEOUL: South Korea’s LG Corp shareholders on Friday approved the company’s plan to spin off five affiliates, which LG said would allow it to focus on existing core businesses such as electronics, chemicals and telecommunications services. LG announced in November that it would spin off a new holding company and transfer its holdings in LG… Continue reading S.Korea’s LG shareholders approve plan to spin off affiliates
@FCA: MOBI 2021: El nuevo SUV Mini de Fiat, desde 179,900 MXN
23 de marzo de 2021 , Ciudad de México – En Fiat estamos en movimiento, en un proceso de transformación y evolución a través de una estrategia de reactivación, que reposa en cuatro pilares esenciales: nueva imagen y diseño, nuevas tecnologías, nuevos motores y nuevos productos para la marca. Alineado con esta estrategia llega el nuevo Fiat… Continue reading @FCA: MOBI 2021: El nuevo SUV Mini de Fiat, desde 179,900 MXN
Lime adds features to make scooter-sharing less stressful
Scooter-sharing giant Lime is updating its app to make renting one of the company’s battery-powered two-wheelers a little easier. Customers can now take advantage of new features like app-less riding, 10-minute reservations, and vehicle configurations to take some of the bite out of scooter-sharing. Customers who don’t have the Lime app on their phone can… Continue reading Lime adds features to make scooter-sharing less stressful
Lime launches app-less rides and no fee reservations to get more people riding
Lime is rolling out several new features, including the ability to rent electric scooters without downloading the app, in an effort to attract more riders. The micromobility company announced Wednesday a series of product features that aims to remove barriers to entry for new users, while increasing accessibility to its vehicles. The new features include… Continue reading Lime launches app-less rides and no fee reservations to get more people riding