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Mexico’s government-backed electric vehicle project Olinia has unveiled its first prototype, a six-seat passenger vehicle called the Olinia Uno, at a ceremony where President Claudia Sheinbaum drove the car onto a stage inside a Mexican Air Force hangar north of Mexico City. The vehicle is priced at 150,000 pesos, roughly $8,600, and is designed for […]
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China wants its electric vehicles to go on a diet. The average passenger car in the country weighed 1,704 kg in 2024, roughly a third more than in 2012, state broadcaster CCTV reported on Sunday. Many popular SUVs and MPVs now approach or exceed 2 metres in width, squeezing into parking spaces designed a decade […]
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Chinese electric vehicles face 125% cumulative tariffs, a proposed Senate ban, and fierce opposition from lawmakers and the US auto industry. But there is a growing possibility that Chinese EVs will be sold in the US within the next few years. The routes in are multiplying: through Canada, Mexico, and partnerships with the very automakers […]
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Hidden among the landmarks of General Motors’ Warren Tech Center outside Detroit is a pair of nondescript off-white buildings that house the company’s most consequential investment in years. The new Battery Cell Development Centre, spanning 500,000 square feet, is the lynchpin of GM’s plan to bring a new class of cheaper EV batteries to market a […]
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Ferrari CEO Benedetto Vigna used a round table in Modena on Thursday to defend the €550,000 ($640,000) price tag for the Luce, the company’s first fully electric vehicle. The car was unveiled on Monday. By Tuesday, Ferrari’s Milan-listed stock had fallen 8%. Vigna said the price was fair for innovation and that the Luce has […]
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ChargePoint and Powers Parts, a national distributor of electric vehicle components and fleet replacement parts, have announced a partnership to sell ChargePoint charging hardware, software, and fleet management services directly to transit agencies across North America. The deal targets operators running E2 and ZX5 electric buses built by PhoenixEV, the company that acquired Proterra’s transit bus […]
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BYD has unveiled the Xuanji A3, which it calls China’s first automotive-grade 4-nanometre chip for self-driving vehicles. CEO Wang Chuanfu announced the chip at an event at BYD’s Shenzhen headquarters on 28 May, saying it delivers the lowest power consumption per unit of compute in its class, drawing roughly 20% less than comparable semiconductors. The chip has […]
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BYD has built China’s first 4nm driving chip, and it’s putting LiDAR on a $10,000 car Read More »
Waymo has started offering rides to select passengers in its new Ojai robotaxi, the first vehicle purpose-built for autonomous ride-hailing rather than retrofitted from an existing car. The Ojai runs on Waymo’s sixth-generation Driver system and is built on a platform manufactured by Zeekr, the electric vehicle brand owned by China’s Geely, the same conglomerate that […]
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Waymo’s new Ojai robotaxi is cheaper to build, harder to break, and made in China Read More »
Ferrari shares fell as much as 7 per cent in Milan trading on Monday, dropping to €290.55 and wiping roughly £3 billion from the company’s market cap. The sell-off came one day after the Italian carmaker unveiled the Luce, its first fully electric vehicle, at the Città dello Sport in Rome. The Luce is a four-door, […]
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Ferrari stock drops 7% after Luce EV reveal as investors question design and strategy Read More »
The Maranello firm’s first all-electric model starts at €550,000, runs to more than 1,000 horsepower and arrives with deliveries in the fourth quarter. Ferrari pulled the covers off its first all-electric road car on Monday: the Luce, a four-door, five-seat liftback developed in collaboration with Jony Ive’s LoveFrom collective, priced from €550,000 in Italy and […]
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Ferrari unveils the Luce, a five-seat electric car co-designed with Jony Ive Read More »