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General Motors buying SoftBank’s stake in Cruise
General Motors announced the company is buying SoftBank’s equity ownership stake in Cruise for $2.1 billion. SoftBank Vision Fund 1 acquired a minority ownership stake for $2.25 billion back in 2018. SoftBank was about to […]

Foxconn aims for 5 per cent of EV market share by 2025
Foxconn, the world’s largest electronics contract manufacturer, hopes to capture 5 per cent of the global EV market by the end of 2025. The company is rapidly expanding their EV footprint and wants to produce […]

Mercedes EQS fast charging analyzed: slower than Lucid Air and Tesla Model S Plaid
The charging speed of the Mercedes-Benz EQS and has been compared to other luxury electric vehicles (EVs), revealing competitive results, but not top-notch. Mercedes-Benz EQS 450+ is an ultra-luxury rear wheel drive electric sedan featuring […]

Tesla now requires owners who buy multiple Teslas in China to sign a contract not to resell them within one year
If a customer buys more than one Tesla vehicle in China, they are now required to sign a contract promising not to sell the vehicles within one year of the date of purchase. According to […]

Tesla customers can now change their configuration and maintain their original price [US only]
Tesla has recently made a significant change for customers that have placed an order but not yet received their new car, allowing them to change their configuration but maintain their original base price. Until now, […]

Porsche announces plans to build out its own EV charging network
Porsche has announced it intends to build out its own global network of electric vehicle (EV) charging stations. The plan was revealed at the automaker’s annual meeting this week, where they also announced their next […]