Tesla Cybertruck wins “Coolest Car” at Golden Steering Wheel 2024 awards The Tesla Cybertruck was deemed the “Coolest Car” at The Golden Steering Wheel 2024 awards from Bild am Sonntag and Auto Bild. The award was celebrated by the electric vehicle maker on social media. As noted in a press release from Axel Springer, the…
Lucid reports having a ‘landmark’ quarter with Wall Street beat Lucid announced its Q3 2024 financial results, slightly beating Wall Street expectations. Lucid CEO and CTO Peter Rawlinson called Q3 2024 a “landmark” quarter for the company. Lucid reported a revenue of $200 million in the third quarter, ending it with approximately $5.16 billion in…
Tesla officially launches Model 3 and Model Y in the Philippines Tesla officially launched the Model 3 sedan and the Model Y crossover in the Philippines. Both vehicles are priced competitively against mainstream rivals in the country’s automotive segment. Tesla first Experience Center in the Philippines is located at 22 Uptown Parade, Bonifacio Global City…
Tesla chose this lavish LA home to show Optimus Robot’s capabilities: Here’s why Tesla chose this lavish home in Los Angeles to show off the Optimus Robot’s future capabilities at the “We, Robot” event in early October. Although Tesla investors and fans have always known that the company plans to create Optimus as the perfect…
The Tesla NACS revolution comes to the Hyundai Ioniq 5. Here’s how Hyundai engineers worked to get charging speeds just right.
Xiaomi quickly boosts SU7 production to meet demand Xiaomi quickly boosted SU7 production to meet growing demand. The newly minted Chinese automaker is currently producing the SU7 electric vehicle in its own factory in Beijing. For October, Xiaomi reached 160% utilization in its Beijing plant, delivering more than 20,000 units. The automaker aims to boost…
Analysts weigh in on Trump presidency’s effects to U.S. auto sector Analysts have weighed in on the potential effects of U.S. president-elect Donald Trump’s second term on the United States auto sector. As per the analysts, Detroit automakers would actually benefit from a Trump presidency, especially if the president-elect steps back from the Biden administration’s…
Trump win triggers stock drops for foreign automakers Former and now incoming US President Donald Trump reportedly spells trouble for foreign automakers. The stock prices of automakers in China and Germany saw a steep decline after Trump’s win was announced. Shortly after President-elect Donald Trump’s win was called, European automakers’ saw a drop in sales….
BYD inks deal with Cosco Shipping BYD signed a deal with Cosco Shipping to export its products, which range from electronics to all-electric or hybrid vehicles. According to the company’s press release, BYD has significantly raised its overseas sales volume by up to 151% year-over-year in the first half of 2024. Cosco Shipping Special Transport,…
SpaceX reveals when sixth Starship test flight could take off SpaceX has revealed when it plans to launch its sixth test flight of the Starship rocket, which will eventually be responsible for taking life from Earth to Mars. In mid-October, SpaceX successfully launched the fifth test flight of Starship from Starbase, Texas, with the intention…