NIO says it will keep its prices at a premium level instead of engaging in a price war with its competitors, according to CEO William Li in a recent interview with CNBC. Li emphasized that […]
SpaceX’s much-anticipated first attempt to launch its Starship, the largest rocket ever built, has been called off in the final minutes of the countdown on Monday morning. Elon Musk, the CEO of SpaceX, revealed that […]
Volkswagen has announced the launch of its new flagship electric sedan, the ID.7, that is scheduled to arrive in North America next year. The company hopes this model will play a significant role in achieving […]
XPeng has unveiled a new platform architecture called the Smart Electric Platform Architecture (SEPA) 2.0. The new platform is expected to reduce the cost of development and manufacturing while shortening the R&D cycle for future […]
SpaceX has been granted a launch license for its Starship rocket, a critical final regulatory hurdle to attempt its first-ever orbital launch. The Federal Aviation Administration (FAA) announced that SpaceX met all the necessary requirements […]
SpaceX has lodged an appeal with Kyiv’s Northern Commercial Court of Appeal after the Kyiv Commercial Court dismissed their initial lawsuit last month. In the lawsuit, SpaceX had demanded early partial termination of the Ukrainian […]
Rivian’s Chief Financial Officer, Claire McDonough says the company is on track to become profitable by the second half of 2024 thanks mainly to a significant ramp in production over the next two years. McDonough […]
Hyundai Motor Group is committing to investing 24 trillion won (CAD $24.4 billion) by 2030 in ramping up electric vehicle (EV) production, amid growing pressure on the automotive industry to shift towards EVs. The investment […]
Ford has announced an investment of CAD$1.8 billion (USD$1.3 billion) to convert its Oakville Assembly Plant in Ontario into an electric vehicle (EV) production facility. The investment is part of the Detroit-based automaker’s $50 billion […]
Rivian has filed a patent application for an innovative in-bed storage system for its electric truck. The patent application, published by the United States Patent and Trademark Office (USPTO) on April 6th, details storage bins […]
