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Feb 23, 2024Modern Car Maker Promises To Invest $1.1 Billion in Brazil By 2032According to Yonhap News Agency, on February 23rd, Hyundai Motor Company of South Korea stated that Euisun Chung, Chairman of Hyundai Motor Group, recently pledged during his vi... -
Feb 22, 2024Lucid Reports $2.8 Billion Loss in 2023, Expects To Produce Only 9,000 Vehicl...American electric vehicle manufacturer Lucid Group has announced its financial performance for the fourth quarter and full year of 2023. In the fourth quarter of last year, Luci... -
Feb 22, 2024Indonesia Introduces Tax Incentives For Electric Vehicle Sales: Import Duties...According to Reuters, Indonesia has announced new incentive measures aimed at encouraging the sale of locally produced and imported electric vehicles, thereby promoting the adop... -
Feb 21, 2024Elon Musk Nominated For Nobel Peace PrizeAccording to media reports, Elon Musk, CEO of Tesla and SpaceX, has been nominated as a candidate for the Nobel Peace Prize by Marius Nielsen, a member of the Norwegian Progress... -
Feb 21, 2024The United States Allocates $1.5 Billion To GlobalFoundries For Semiconductor...According to Reuters, the U.S. government will allocate $1.5 billion to GlobalFoundries to subsidize its semiconductor production. This is the first significant allocation from ... -
Feb 20, 2024Ford CEO Urges Investors To Shift Focus Away From Tesla's FSD To Ford's Pro F...According to media reports, on February 15th, Ford CEO Jim Farley urged Wall Street investors to shift their focus away from Tesla and its Full Self-Driving (FSD) assistive driv... -
Feb 20, 2024To Better Transition Towards Electrification, Valeo Will Cut 10,000 Jobs.According to media reports, automotive parts supplier Valeo is preparing to reduce approximately 13% of its European workforce over the next five years and plans to leverage art... -
Feb 19, 2024Electric Cars Dominate Norway's Automotive Market in JanuaryIn January, electric cars accounted for 92.1% of Norway's new car registrations, according to media reports. Tesla Model Y once again became the country's most popular m... -
Feb 19, 2024General Motors Considers Adjusting Its Strategy in China, Shifting Focus Towa...According to media reports, General Motors is considering adjusting its strategy in the Chinese market, shifting its focus from mainstream models to luxury models. The company i... -
Feb 18, 2024Mercedes-AMG Pure Electric Sports Car To Hit The Market in 2025Mercedes-AMG is gearing up to commence the development of its first bespoke electric sports car, with an anticipated release in 2025. It will feature innovative powertrain syste... -
Feb 18, 2024Tesla Engineer Responds To Cybertruck Body RustRecently, some Tesla Cybertruck owners have reported online that their vehicles have developed orange/black rust spots on the stainless steel body after being exposed to rain. I... -
Feb 17, 2024Musk Plans To Bring Chinese Automotive Suppliers To MexicoRecently, according to media reports, Elon Musk is planning to bring suppliers from Tesla's Shanghai factory to near the new factory in Mexico. Musk has invited Chinese supp...
