The Hong Kong government plans to permit more businesses to test higher-capacity aerial vehicles, aiming to boost the low-altitude economy and assess their impact on logistics efficiency and traffic, Deputy Financial Secretary Michael Wong Wai-lun said. Speaking to more than 100 government officials, company executives, venture capitalists and researchers at the International Automotive & Supply…
Apollo Go, which operates one of the world’s largest networks of robotaxis, has expanded the testing of its autonomous taxis across more locations in Hong Kong, moving closer to launching its services in the city. Currently, a fleet of 10 vehicles is operating on streets in Cheong Hing Road, Second Sky Street, Airport Expo Boulevard,…
Chinese premium electric vehicle (EV) maker Xpeng introduced the latest version of its X9 multipurpose vehicle for the local market and aimed to launch it in Europe from July as part of its drive to quadruple its sales in export markets. The all-electric seven-seater vehicle will enter the mainland market with a starting price of…
Sign up for The Drive Daily I’m generally of the mind that something is worth whatever someone is willing to pay. When it comes to the new Dodge Charger Daytona EV, the market has spoken, and guess what? It’s not a fan. Despite only being on sale for a few months, the Charger EV has…
Gone are the days when purchasing an EV meant having to come up with the money to afford a brand-new vehicle. The used electric vehicle market is growing tremendously as budget-minded and climate-conscious consumers seek the most affordable way to join the clean energy transition. Recurrent’s Used Electric Car Prices and Market Report for the…
An electric vehicle control systems researcher, Xu Fuguo, has left a high-profile 4.5 billion yen (US$30 million) Japanese government-funded project and joined Dalian University of Technology in northeastern China amid intensifying global competition in the EV sector. Xu, whose decade-long career in Japan included pioneering research for Toyota and leadership roles in landmark automotive projects,…
Cheap vehicles, growing market share, a new super-fast charger — Chinese electric vehicle company BYD is taking the fight to Tesla, as the American EV maker’s global sales slump. The company made $170 billion in revenue in 2024, which beat market analysts’ predictions and soared past Tesla’s annual revenue of $155.5 billion. BYD reported a…
Transparency Market Research The Car Leasing Market is set for growth from 2024 to 2034, driven by rising demand for flexible and cost-effective vehicle ownership. Offering various lease types like closed-end, open-end, and high-mileage leases, the market caters to both individuals and businesses. Finance and operating leases, including subscription-based models, are gaining traction. Increasing EV…
The new Model Y variant will be 20 per cent cheaper than the existing editions, which are priced from 263,500 yuan (US$36,406) to 303,500 yuan, according to two people with knowledge of the matter. The US carmaker plans to start producing the car next year at its Shanghai factory. The company has also sent engineers…
Kolkata Hosts UK EV Delegation On Clean Transport Mission A UK electric vehicles delegation, comprising six innovative SMEs specialising in fleet telematics, battery energy storage systems, AI, IoT-based cybersecurity and modular decentralized generators, visited Kolkata on Tuesday to explore opportunities in India. The delegation, facilitated by Connected Places Catapult and supported by Global Business Inroads…