Tag: electric car
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All-electric Mini Cooper SE priced starting at $29,900 in the US
The newest all-electric Mini Cooper SE, the very first Mini designed from the ground up as an electric car, is going to retail at the U.S. starting at $29,900 (plus an $850 Destination and Handling fee) — prior to any tax incentives have been applied. That places prices as low as around $17,900 when you…
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Volvo Goes Fully Electric With the XC40 Recharge
Delivering on promises, the Sweden-based automaker with a penchant for safety and sustainability declared the all-electric Volvo XC40 Recharge at Los Angeles a week, revealing a compact SUV with slick styling cues wracking the brand’s electrified engineering and design intentions. Based upon the small SUV Volvo XC40, the Recharge edition switches at a totally electric…
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Elon Musk: There is not a demand problem for the Tesla Model 3
Tesla CEO Elon Musk’s opening remarks at the annual shareholder’s meeting went straight to a question that’s been looming on the automaker since it reported wider-than-expected losses and a one-third drop in deliveries in the first quarter: demand. “We get that question a lot. I need to be clear, there is not a demand issue,”…
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Elon Musk calls it ‘financially insane’ to buy a car that isn’t an EV capable of full self-driving
During the Tesla Annual Shareholder Meeting which occurred on Tuesday, Tesla CEO Elon Musk didn’t mince words when he spoke about what he thinks about their value proposition of traditional fossil fuel vehicles. He called it “financially mad ” to buy any car that isn’t a electric automobile capable of full freedom — which, conveniently,…
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China’s Tesla wannabe Xpeng starts ride-hailing service
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers have the ability to save more steering an EV compared to a gas vehicle. Conscious consumers will opt to hire an electric car. And EVs are designed with compatibility with driving, which is expected to hit on the road in the coming decades. Really,…
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Volvo inks multi-billion dollar battery supply agreements with LG Chem and CATL for EVs
Volvo Car Group has inked a massive multi-billion dollar supply handle the Chinese battery maker CATL and Korea’s LG Chem to provide its planned fleet of electric vehicles. The lithium ion batteries from both suppliers will power the development of Volvo Cars’ electrification plan for its own brand and the company’s Polestar joint venture with…
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Volvo inks multi-billion dollar battery deals with LG Chem and CATL for EVs
Volvo Car Group has inked a enormous multi-billion dollar supply handle the Chinese battery manufacturer, CATL, and Korea’s LG Chem to provide its planned fleet of electric vehicles. The lithium ion batteries from both providers will power the development of Volvo Cars’ electrification strategy for its own brand and the company’s Polestar joint venture with…
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Tesla reports back-to-back profitable quarters
Tesla reported Wednesday a profit of $139 million, or $0.78 per share, along with better-than-expected earnings, nevertheless failed to meet analysts’ expectations for earnings in the fourth quarter. Shares dropped after the markets closed and are down 1.7 percent as of 2:30 pm PT. Tesla has been able to string together two lucrative intervals in…