The new Model 3 long-range variant is priced at $42,490
Rivian will form an equally controlled joint venture with Volkswagen to share EV architecture and software
EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand
The additional Turkish tariff will be set at a minimum of $7,000 per vehicle, with effect from July 7
With the inauguration of the latest studio in Dubai, Lucid now has 38 studio locations worldwide
BYD, which has been accelerating its international expansion, still trails multi-branded automakers such as Toyota, Volkswagen, General Motors and Stellantis, in sales
The company said it expects capital expenditure of $1.5bn this year, compared with $910.6m in 2023
The automaker said its plan for new models would let it better control capital expenditures during “uncertain times”
The automaker’s CTO shares the company’s mandate on pioneering innovation and sustainable transportation
Xiaomi built a Beijing factory capable of producing 200,000 cars annually before it had regulatory approval to start manufacturing in China
The collaboration between ROSHN and EVIQ will also see the launch of the kingdom’s first fast-charging public site launch at ROSHN Front in Riyadh
BYD’s deliveries show price cuts are working for the Chinese company
The rate of future EV adoption is going to depend heavily on EV pricing and the availability of charging stations
The company’s fleet plays a crucial role in supplying fuels and liquefied petroleum gas to corporate customers
The membership allows DEWA to actively participate in establishing industry standards for electric vehicle charging systems
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
Construction of the EV battery facility will start in the second half of 2023 and production will begin as early as the end of 2025
Construction on the site, which is near a major Red Sea trading port, will start early next year
The Porsche Taycan, the brand’s first fully electric model, offers many firsts and gives a glimpse into the future of efficient electromobility