Tesla (TSLA) stock is surging amid data coming out of China, showing that the automaker will likely deliver a strong quarter in this important market. At the time of writing, Tesla’s stock is up 6%, while the market is up about 1%. This surge comes after the China Merchants Bank International released car insurance registration data.
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Ford finally took the sheets off its new mid-size electric SUV, a tribute to the automaker’s best-selling Explorer. The fully electric Explorer, built on Volkswagen’s MEB platform, is expected to start at less than $50,000 (€45,000). The American automaker had a big year in 2022 after selling 61,575 EVs in the US and becoming the
Tesla is expanding its new sales strategy of using virtual sales advisers with remote test drive locations to Europe. In the summer of 2021, Electrek exclusively reported that Tesla was implementing a new sales strategy. At the time, we reported that the main changes were that the automaker was moving away from high-rent locations in
Hyundai’s sleek IONIQ 5 electric SUV design and advanced features are attracting a new group of buyers that would usually stick with a premium brand. The success has even surprised company leaders, like Michael Cole, President, and CEO at Hyundai Europe, who claims “brand loyalty doesn’t seem to be as strong in EVs.” After the
South Korean EV automaker Kia Motor announced its initial entry into the market of China, beginning with its super popular EV6 crossover. The automaker debuted several concepts overseas today, including the EV5, which will be its first global model built in China. Kia Corporation is the second largest automobile manufacturer in South Korea behind Hyundai
Meet the Acer ebii, a lightweight electric bike built by computer component maker Acer. The company looks to be coming in hot with several innovative features that we have rarely seen in the e-bike industry. Sometimes it takes an outsider to flip a product on its handlebars, and that appears to be the case with
Tesla has finally started the broad rollout of Full Self-Driving Beta v11, a significant update that is Autopilto with the Full Self-Driving Beta software stack. Tesla FSD Beta v11 is both an exciting and scary step as it is supposed to merge Tesla’s FSD and Autopilot highway stacks. FSD Beta enables Tesla vehicles to drive
The first images of the Baojun Yep (YueYe in Chinese) – a mini electric SUV made by a joint venture between GM, SAIC, and Wuling (SGMW) – have surfaced in China. The two-door compact SUV bears a resemblance to a Ford Bronco, only fun-sized. GM JV’s mini electric SUV, the Baojun Yep spotted in China
GM’s Cadillac is going after Tesla’s clientele in a not-so-subtle way by setting up test drives directly at a Tesla Supercharger station. How can you find people who like electric vehicles? If you find Tesla owners, you likely found people who are into electric vehicles. Where can you find Tesla owners? Supercharger stations are a
VW has big ambitions to bring down EV costs, starting with the battery cells. To do so, the automaker looks to invest in mines as it looks to vertically integrate. Through PowerCo, VW plans to meet half of its own demand while selling to other automakers like Ford. It’s been a busy month for Volkswagen,
Tesla has released a new mobile app update that gives owners better insights into their vehicle’s battery pack, among other things. The mobile app is at the center of the Tesla ownership experience. It is used to unlock and start a Tesla vehicle, and whenever the owner is not in the vehicle, it has some
The Cure frontman Robert Smith says he has persuaded Ticketmaster to partially refund the “unduly high” fees being added to tickets for their US tour – in some cases adding up to more than the price of a ticket. The 63-year-old singer shared his frustration over the pricing on Twitter, telling his followers he was
Audi says its new Q6 e-tron is “close to production” as puts it to the test in the far northern outskirts of Europe. New photos of the Audi Q6 e-tron show what we can expect from the model set to launch the brand with four rings into a new era, starting later this year. Audi
Tesla has submitted its environmental application to expand Gigafactory Berlin to produce one million vehicles per year. When ramping up a new vehicle to volume production at a new factory, Tesla generally considers 5,000 units per week to be the goal. After starting production late in 2021, Tesla originally aimed to achieve that at Gigafactory
Volkswagen is preparing to launch its smallest, most affordable EV yet, tipped to be called ID 1, starting at around $20K. The VW ID 1 is expected to launch in 2027 and will sit below the recently revealed ID 2all concept. VW to introduce its most affordable EV yet, the ID 1 After introducing its
Tesla is launching a new feature to help homeowners with rooftop solar to charge their Tesla vehicles with excess solar power. Over the last few years, Tesla has made it clear that it is more interested in controlling a power load rather than bidirectional charging, which has become popular in the EV industry. Earlier this
VW introduced its much anticipated affordable EV Wednesday, deemed the ID 2all concept with up to 450 km range (279 miles). Introducing the Volkswagen ID 2all electric concept After doubling down on its electric vehicle strategy with a new close to $200 billion investment (€180 billion) to accelerate digitalization and EV development over the next
Tesla Supercharger V4 has been revealed to have the potential to be twice as powerful as the previous generation. We are finally starting to get a little more information about the specs of the Supercharger V4, the latest generation of Tesla’s popular DC fast-charging station. Last year, we reported on Tesla’s Supercharger V4 design being revealed
Tesla is facing a new lawsuit instigated by an owner who is attempting to have Tesla give up its quasi-monopoly on repairing its vehicles. Most people agree that Tesla bypassing the franchise car dealer model and going direct to consumers is an asset for the company. Tesla is removing the intermediary between the automaker and
After months of waiting, Tesla Full Self-Driving Beta v11 is going to a wide release this weekend, if you believe Elon Musk. Tesla FSD Beta v11 is both an exciting and scary step as it is supposed to merge Tesla’s FSD and Autopilot highway stacks. FSD Beta enables Tesla vehicles to drive autonomously to a
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