Hesai Group, the world’s largest maker of the lidar sensors that many smart cars use to map their surroundings, remains confident about expanding into international markets including Europe despite tensions about tariffs on Chinese-made electric cars. The company is assessing investment plans outside mainland China as seeks to make its lidar sensors more affordable to…
President Joe Biden’s administration has given Jeff Bezos’ Tesla rival a $6.6 billion loan to expand its US auto company. It was announced on Tuesday that the U.S. Department of Energy will fork out the billions of dollars to the automotive company, which aims to bring more business in. The company, which sees Bezos as…
To keep pace with the changing market, Norwegian fuel station operators like Circle K are investing in chargers even in non-urban sites like in Minnesund. Photographer: Naina Helén Jåma/Bloomberg Norway is on the cusp of completing a transition away from combustion cars thanks to targeted incentives that made electrics an easy choice. November 28, 2024,…
While Jeff Bezos and Elon Musk don’t need much more cash, the two multibillionaires could hugely benefit off a recent discovery in California. Bezos and Musk have a combined net worth of around $549 billion, so the pair are far struggling to make ends meet. But, after a study revealed astonishing quantities of ‘white gold’…
Ford Motor Company has announced plans to cut 4,000 jobs in Europe and the U.K. by the end of 2027, attributing the decision to sluggish electric vehicle (EV) sales, economic pressures, and Chinese competition in the automotive sector. The automaker said most layoffs would occur across their two German plants. Of the total job cuts,…
A lower battery-electric vehicle market share in 2025 is likely to make it much more difficult for the EU to meet its carbon emission targets as increasing the BEV market share and sales is one of the key ways car makers were planning to meet those goals. ADVERTISEMENT The outlook for the battery-electric vehicle (BEV) in…
©Tesla Electric vehicles are appealing to consumers compared to petrol or diesel cars because of their low environmental impact. But how reliable are they? There are some myths perpetuated in the auto industry that electric vehicles break down more easily than conventional cars, but this is largely untrue. Gas-powered vehicles are estimated to be able…