Kia has announced an all-new production facility for an upcoming commercial vehicle lineup called “purpose-built vehicles,” or PBVs. Despite the incredible opportunity for cost reduction, commercial vehicles remain an ICE-dominated segment, particularly in vehicles that tow trailers, which are predominantly diesel-powered. However, that is slowly beginning to change and hence, is attracting a growing number of automakers….
Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Hyundai and its subsidiary brands Kia and Genesis are top contenders in EV sales in many parts of the world, including in the United States, where the group has consistently ranked as a top three…
Ford has announced yet another investment in EV production, which will be critical if the automaker hopes to achieve its ambitious production targets. Ford received terrible news from its first quarter sales results; its long-time rival General Motors had surpassed it in EV sales, meaning the Blue Oval was no longer the second-largest EV brand in…
General Motors (GM) has secured a next-generation lithium extraction deal with Puerto Rico-based startup, EnergyX. With the demand for lithium expected to surpass supply by 2030, automakers have never been more pressed to secure the resource, especially as it becomes increasingly essential for the future of their business, specifically regarding the production of electric vehicles. This…
Tesla (NASDAQ: TSLA) price cuts on its electric vehicles have analysts split on whether the move is a way for the company to regain critical market share in various markets, or if its an indication that demand for its cars is slowing down. Tesla has cut prices on its EVs five times so far in…
Polestar has teased yet another new upcoming offering, expanding its lineup to six models. Polestar seems to have come out of the chip shortage stronger than ever, and it proved that fact just last week with the strongest sales report it has ever released. A significant part of this growth can be attributed to its…
Tesla board member Hiromichi Mizuno announced this morning that he will step down from the position at the company’s upcoming Shareholders Meeting. “It’s been an honor to serve on Tesla’s board. Truly exciting to work with the amazing leader Elon Musk and the talented, super dedicated Tesla team, accelerating the transition to sustainable energy and proving…
Elon Musk has stated that the Tesla Cybertruck may start its initial production this summer. Considering that summer is just over 70 days away, Tesla is definitely putting a ton of effort into its all-electric pickup truck to ensure that it’s ready to compete in the automotive market. With this in mind, it is no…
Tesla may be a young carmaker relative to its rivals in the automotive sector, but it appears that the company has already become a household name of sorts. This is particularly true for Tesla’s logo, which is already more recognizable than the logos of much more experienced car manufacturers, such as Toyota and Mercedes-Benz. In…
On Monday, China’s top automaker, BYD, launched an intelligent body control system called DiSus. It comes in four sets of vehicle control systems, specifically DiSus-C, DiSus-A, Disus-P, and DiSus-X. “The BYD DiSus system is the first self-developed intelligent vehicle control system launched by a Chinese automaker and has achieved breakthrough development. ,” said Wang Chuanfu, chairman and…