The Hummer EV is in part a response to Tesla Inc's Cybertruck, which has a completely different but equally attractive design and a bevy of extreme performance features.General Motors Co said it sold the first year's worth of its GMC Hummer EV electric pickup truck after releasing a video on Tuesday...
Sep 24, 2020
Volkswagen hopes to replace Tesla's premium Model Y powertrain by offering the Volkswagen ID.4 at a lower price. Volkswagen, the US subsidiary of Volkswagen, unveiled its ID.4 electric sports car and its pricing strategy aimed at opening a new front in competition with Tesla Inc and other automaker...
Sep 9, 2020
General Motors said on Tuesday that it is acquiring an 11% stake in US electric truck maker Nikola Corp, worth about $ 2 billion, and will team up with the company to make a pick-up truck.Nikola's Shares rose more than 30% to $ 46.30 in pre-market trading after GM's investment, helping the company t...
Sep 8, 2020
BluSmart, an All-electric ride-hailing platform, has announced raising a pre-series A round funding of Rs 51 crore. The company said the funds will be used to expand the number of cars on the platform, set up charging infrastructure, improve technology, and expand geographic reach. A year ago in Sep...
Sep 3, 2020
Mumbai: TVS Motor has invested Rs 30 crore in electric car maker Ultraviolette Automotive for an undisclosed stake as part of its latter's series B round of fundraising, the company announced Wednesday.TVS Motor had earlier invested Rs 11 crore in a Bangalore-based company for a 25.76% ownership sta...
Aug 24, 2020
Lenas Design, a small engineering firm based in Silverstone, England, has resto-modded the 1961 Rolls-Royce Phantom V, but unlike other such projects, this one has replaced the old petrol powertrain with state-of-the-art electric propulsion.Lunaz has developed a 120 kWh battery pack that is aimed at...