Month: February 2021

Fisker’s new full-electric car developed with Apple partner Foxconn Technology Group will be an affordable five-seater that will have the same broad appeal as the original Mini and Volkswagen Beetle, CEO Henrik Fisker said. Fisker and Taiwan’s Foxconn on Wednesday announced a partnership for Foxconn to build a car targeted at markets including North America,
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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Porsche will participate in a financing round of Rimac Automobili that will see the electric supercar maker raise 130 million to 150 million euros ($157 million to $181 million), Mate Rimac told Automotive News Europe sister publication Automobilwoche. The strategic investment should be completed in two to three months, Rimac, who founded the electric supercar
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DETROIT ’ Fiat Chrysler Automobiles contacted the Cherokee Nation last summer about setting up an educational program for its employees. It was supposed to be a cultural enrichment endeavor to shine a light on the people whose name has been attached to one of Jeep’s most popular vehicles for nearly 50 years. The event didn’t
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Toyota’s decision to add at least a third plug-in hybrid nameplate to its U.S. lineup next year bucks an industry trend that has seen other automakers pull back their PHEV offerings as full battery-electric vehicles proliferate. The industry fall-off in plug-ins might be because of the vehicles’ added cost and complexity or the fact that
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Just as Hyundai pulled back the curtains on its ambitious new electric vehicle initiative last week, it got a stinging reminder of the perils ahead in electrification. The South Korean automaker said it will have to recall 82,000 EVs because of a potential for battery fires ’ a recall that will cost $900 million. News
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Fastned, the European fast-charging network, has successfully completed an accelerated bookbuild offering (of 1,875,000 new depositary receipts of ordinary shares, at €80 each) to qualified investors, which results in €150 million ($181 million) in gross proceeds. According to the press release, the new securities represent about 12.5% of the company’s existing issued share capital. Fastned explains
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PARIS — Renault’s decision to have only a single gasoline engine family for Europe by 2025 reflects the increasing costs of emissions regulations and the need to shift resources toward electrification, CEO Luca de Meo says.  The automaker now has eight core engine families, including four gasoline engines, three diesel engines and an electric motor.   Under
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California’s Gunther Werks returned this week with another carbon-bodied stunner based on the 993-generation 911. This time the company delivered a wide-body speedster to complement its coupe from a few years back. 2022 Hyundai Ioniq 5 The first model based on Hyundai Motor Group’s E-GMP dedicated electric-vehicle platform was revealed this week in the form
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In committing billions of dollars to their Ontario assembly plants, the Detroit 3 have signaled that they see Canada as central to their electrification plans ’ thanks in part to enhanced government incentives. In January, General Motors committed to a $781 million investment in CAMI Assembly in Ingersoll, Ontario, to build its new BrightDrop EV600
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It’s been a year of storms for Greg Luther. The first one hit his immune system in January, when the body shop director at Helfman Dodge-Chrysler-Jeep-Ram-Fiat in Houston missed three weeks of work after contracting COVID-19. Luther had to stave off severe headaches and congestion while losing his abilities to taste and smell. He was
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Charles Munger, vice chairman of Berkshire Hathaway Inc. Jonathan Alcorn | Bloomberg | Getty Images Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy. During an interview at the Daily Journal’s annual shareholder’s meeting, Munger was asked
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Self-driving tech company Aurora is firming up plans for manufacturing lidar sensors at scale. The company on Friday said it agreed to acquire lidar-on-chip startup OURS Technology, a move intended to pave the way for producing large quantities of the sensors, which allow vehicles to perceive their environment and detect obstacles in their path. Aurora,
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This week on the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy, including the current situation at Tesla Fremont factory, Hyundai Ioniq 5, WD ID.4, and more. The Electrek Podcast is me, Fred Lambert, editor-in-chief of Electrek, and Seth Weintraub, founder and publisher of Electrek and the 9to5 network, discussing all
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