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China has unveiled custom-made driverless Fuxing bullet train that has top speed of 350 km/hr for the upcoming Beijing Winter Olympics. It is equipped with a 5G-linked broadcast studio from which journalists can broadcast and special lockers for athletes to stow their ski equipment. The Beijing Olympic Games are set to begin from February 4.
short by Arshiya Chopra / 08:47 pm on 07 Jan
World's richest person and Tesla's CEO Elon Musk trolled rival company General Motors (GM) after it sold only 26 electric vehicles in the US in Q4 of 2021. "Room to improve," tweeted Musk. General Motors' sales numbers come amid the White House promoting it as a "leader" in the electric vehicle market.
short by Pragya Swastik / 04:47 pm on 06 Jan
A 19-year-old hacker claimed that he can remotely run commands in over 25 Teslas in 13 countries "without owners' knowledge", including opening doors and windows and even starting keyless driving. He "could also query the exact location and see if a driver is present", David Colombo tweeted. In another tweet, he claimed Tesla's security team told him they're investigating this.
short by Kiran Khatri / 04:39 pm on 12 Jan
BMW unveils concept car that changes colour with the touch of a button
short by Pragya Swastik / on 06 Jan 2022,Thursday
BMW has unveiled its all-electric concept car 'BMW iX Flow' that changes its colour with the touch of a button. The car's surface colour changes using a technology based on E Ink, the technology used in e-readers. The car can change colours from black to white or combine black and white in a kaleidoscope of graphics.
short by Pragya Swastik / 02:47 pm on 06 Jan
After billionaire Elon Musk-led Tesla opened a showroom in Xinjiang, White House Press Secretary Jen Psaki said, "We believe the private sector should oppose China's human rights abuses and genocide in Xinjiang." "The international community, including the public and private sectors, cannot look the other way when it comes to what is taking place in Xinjiang," she added.
short by Ankush Verma / 10:26 am on 05 Jan
Mercedes-Benz e-car concept has over 1,000 km range, mushroom fibre seats
short by Pragya Swastik / on 05 Jan 2022,Wednesday
Mercedes-Benz unveiled its VISION EQXX electric car concept at the CES technology show in Las Vegas, which the company claims can run for more than 1,000 kilometres on a single battery charge. The car's electric system draws additional energy from solar cells on the roof. The car's interiors are made from sustainable materials like mushroom fibres, ground-up cacti and bamboo.
short by Pragya Swastik / 04:47 pm on 05 Jan
After Elon Musk said he's working through "a lot of challenges" for Tesla's India launch, a government official reportedly said, "Tesla's trying to put pressure...by using social media." Tesla can bring cars in "knocked down form with zero duty", the official told ET. The firm wants a reduction in import duties "without commitment to producing in India", the official added.
short by Kiran Khatri / 05:25 pm on 13 Jan
Road Transport Minister Nitin Gadkari has said that he has approved a draft notification making at least six airbags compulsory in vehicles carrying up to eight passengers. "To minimise the impact of frontal and lateral collisions [on passengers]...4 additional airbags (will) be mandated in the M1 vehicle category i.e. two side/side torso airbags and two side curtain/tube airbags," said Gadkari.
short by Sakshita Khosla / 06:54 pm on 14 Jan
World's richest person Elon Musk has said that he's "still working through a lot of challenges" with the government for Tesla's launch in India. The Tesla CEO was responding to an Indian engineer's tweet which sought an update on the launch. Last year, Tesla urged India to slash import taxes on electric vehicles before it enters the market.
short by Kiran Khatri / 09:53 am on 13 Jan
Ford Motor's market capitalisation soared to $100 billion for the first time ever on Thursday as its stock hit a 20-year high after it announced plans to increase EV production. This made the 118-year-old automaker more valuable than General Motors ($90 billion) and Rivian Automotive ($72 billion). However, it still lags behind Tesla's $1 trillion market capitalisation.
short by Kiran Khatri / 10:53 am on 14 Jan
Japan's Toyota Motor outsold General Motors (GM) in the US in 2021, marking the first time since 1931 that GM has not led auto sales in the country. It also marked the first time that a non-domestic automaker has taken the top spot in US. While Toyota sold 2.332 million vehicles in US last year, GM sold 2.218 million vehicles.
short by Hiral Goyal / 10:53 pm on 04 Jan
After British luxury carmaker Rolls-Royce recorded the best annual sales in its 117-year history, CEO Torsten Müller-Otvös said COVID-19 deaths helped spur sales. "Lot of people witnessed people in their community dying from COVID-19, that makes them think life can be short, and you'd better live now than postpone it to a later date," he told The FT.
short by Kiran Khatri / 09:47 am on 12 Jan
Tesla raises Full Self-Driving software price to $12,000 in US: Musk
short by Hiral Goyal / on 08 Jan 2022,Saturday
Tesla will raise the price of its advanced driver assistant software, known as 'Full Self-Driving' (FSD), from $10,000 to $12,000 in the US on January 17, the company's billionaire CEO Elon Musk announced on Twitter. The software includes features like automatic lane-changing, stop light recognition, and 'Smart Summon'. Tesla had earlier raised FSD price from $8,000 to $10,000 in 2020.
short by Hiral Goyal / 08:42 pm on 08 Jan
Hyundai Mobis showcased two mobility concept vehicles with 90-degree rotating wheels at the CES 2022 tech show in Las Vegas. The vehicles feature Hyundai's e-corner module system that integrates steering, braking, suspension and driving systems into one wheel. The system also enables rotating the vehicle in place, changing the direction of the vehicle on narrow roads, and easy parking.
short by Hiral Goyal / 07:00 am on 10 Jan
BMW brand delivers record 2.21 million vehicles in 2021
short by Aishwarya Awasthi / on 12 Jan 2022,Wednesday
The BMW brand delivered an all-time high of 2.21 million vehicles in 2021, up 9.1% from 2020, the company revealed. It also more than doubled its sales of fully-electric vehicles globally. The BMW Group delivered 2.52 million vehicles, an 8.4% increase from 2020. Earlier, Rolls-Royce announced that it created history last year selling the most cars it has ever sold.
short by Aishwarya Awasthi / 04:58 pm on 12 Jan
Volkswagen China shuts 2 Tianjin plants due to COVID-19 outbreaks
short by Aishwarya Awasthi / on 13 Jan 2022,Thursday
Volkswagen's China unit has shut a plant it jointly runs with FAW Group in Tianjin, as well as a component factory, due to recent COVID-19 outbreaks there. "Both plants have conducted COVID-19 testing twice for all employees this week," the automaker said. The city of Tianjin on Wednesday started the second round of COVID-19 testing of its 14 million residents.
short by Aishwarya Awasthi / 04:35 pm on 13 Jan
Mercedes to become 1st global luxury carmaker to make EVs in India
short by Aishwarya Awasthi / on 12 Jan 2022,Wednesday
Luxury carmaker Mercedes-Benz plans to start local assembly of its EQS electric sedan in India this year, becoming the first global luxury carmaker to assemble electric vehicles (EVs) in India. Mercedes expects to start selling the locally-assembled EQS in India in the fourth quarter of 2022. It started selling imported models of its EQC electric SUV in India in 2020.
short by Aishwarya Awasthi / 03:39 pm on 12 Jan
BMW India sells 8,876 cars in 2021, sales surge by 34%
short by Subhangi Singh / on 04 Jan 2022,Tuesday
BMW India reported a year-on-year (YoY) growth of 34% with a dispatch of 8,876 units in 2021, recording the highest growth in a decade in India. The automaker dispatched 8,236 BMW and 640 Mini units last year compared to 6,604 units across BMW and Mini brands in 2020. The company generated over 40% sales from its locally assembled SAV range.
short by Subhangi Singh / 08:59 pm on 04 Jan
Sony plans to enter electric car market, says CEO
short by Subhangi Singh / on 06 Jan 2022,Thursday
Japan's multinational conglomerate Sony Corporation plans to launch a new company named Sony Mobility to examine entering the electric vehicle market, said Sony's CEO Kenichiro Yoshida. ''With our imaging and sensing, cloud, 5G, and entertainment technologies combined with our contents mastery, we believe Sony is well positioned as a creative entertainment company to redefine mobility,'' he said.
short by Subhangi Singh / 10:11 pm on 06 Jan
Ford's e-scooter rental company Spin to fire 25% of its employees
short by Hiral Goyal / on 08 Jan 2022,Saturday
Spin, the electric scooter rental company acquired by Ford Motor in 2018, will lay off 25% of its employees, as it pulls out of open permit markets. "We are offering affected employees severance packages and an additional stipend," Spin CEO Ben Bear said. The dynamics of open permit markets make it difficult to identify a path to profitability, he added.
short by Hiral Goyal / 10:19 pm on 08 Jan
A consortium led by South Korean electric automaker Edison Motors has agreed to acquire SsangYong Motor for 305 billion won ($254.65 million), the latter said on Monday. This comes after SsangYong's sales fell to 84,496 units in 2021, about 21% lesser than its 2020 sales, as per a regulatory filing. Indian automaker Mahindra also owns about 75% stake in SsangYong.
short by Ashley Paul / 04:04 pm on 10 Jan
India's largest carmaker Maruti Suzuki on Saturday said it is increasing prices of its models in the range of 0.1% to 4.3% to partially offset the impact of the rise in input costs. The company hiked prices at least thrice in 2021 by 1.4% in January, 1.6% in April and 1.9% in September, taking the total quantum to 4.9%.
short by Subhangi Singh / 02:43 pm on 15 Jan
Volkswagen sells 70,600 ID EVs in China in 2021, misses target
short by Aishwarya Awasthi / on 11 Jan 2022,Tuesday
German automaker Volkswagen sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling 80,000 to 1,00,000 cars. The automaker said it would likely double sales of its ID battery electric vehicles in China this year. Volkswagen Group sold 3.3 million cars in China last year, a fall of 14% from 2020.
short by Aishwarya Awasthi / 02:17 pm on 11 Jan
Rolls-Royce car sales soar to highest in its 117-year history
short by Aishwarya Awasthi / on 11 Jan 2022,Tuesday
Rolls-Royce on Monday announced that it created history last year selling the most cars it has ever sold in its 117-year history. The luxury carmaker sold 5,586 cars globally last year, up 49% from its sales in the same period in 2020. Sales of the brand's vehicles hit all-time records in most regions, including China and the US.
short by Aishwarya Awasthi / 11:35 am on 11 Jan
Ford Motor's vehicle sales in US fall by 6.8% in 2021
short by Subhangi Singh / on 06 Jan 2022,Thursday
Automobile manufacturer Ford Motor reported a 6.8% fall in 2021 US vehicle sales as the company faced issues like lingering supply-chain bottlenecks and a global chip shortage. Ford sold a total of 19,05,955 vehicles in 2021, ending up behind Toyota Motor and General Motors. Ford sold 27,140 units of Mustang Mach-E electric crossover in 2021.
short by Subhangi Singh / 04:54 pm on 06 Jan
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