Tag Archives: Transportation News

CoinspeakerNikola’s CEO Michael Lohscheller Steps Down, Company Releases Q2 2023 Report Nikola's second-quarter results not only revealed insights into its financial situation but also demonstrated the company’s aggressive measures to strengthen its financial base.  Nikola’s CEO Michael Lohscheller Steps Down, Company Releases Q2 2023 Report

CoinspeakerLamborghini Aims for Record-breaking Sales of 10,000 Cars in 2023 Lamborghini’s success in recent years can be largely attributed to the strong performance of its Urus SUV, which has played a pivotal role in the Italian automaker's expansion. Lamborghini Aims for Record-breaking Sales of 10,000 Cars in 2023

CoinspeakerAlphabet-owned Waymo Decides to Scale Back on Its Autonomous Truck Technology Although Waymo scales down its autonomous truck technology, it would continue partnership with Daimler Truck North America (DTNA) to develop an autonomous truck platform further. Alphabet-owned Waymo Decides to Scale Back on Its Autonomous Truck Technology

CoinspeakerIndia’s Tata Group Partners with UK Government to Invest Over $5B in Battery-Making Factory The UK Tata factory should begin production by 2026, and supply nearly half of the country's 2030 EV battery demand estimate. India’s Tata Group Partners with UK Government to Invest Over $5B in Battery-Making Factory

CoinspeakerTesla Slashes Price of Model 3 and Y Electric Vehicles in Japan By reducing prices, Tesla aims to offer a compelling value proposition compared to other electric vehicle options in terms of features, performance, range, and affordability. Tesla Slashes Price of Model 3 and Y Electric Vehicles in Japan

CoinspeakerChina Seeks Global Tech Control via Issuing Stern Restrictions on Exporting Semiconductor-Making Materials China manufactures nearly 80 percent of global gallium and germanium products used in making chips that are critical in AI developments. China Seeks Global Tech Control via Issuing Stern Restrictions on Exporting Semiconductor-Making Materials

CoinspeakerXpeng Shares Jump 11% as Company Records Growth in Deliveries after Year of Declines Xpeng is hoping that its new car would help improve the company's losses even as it has recorded a return to quarterly growth in deliveries. Xpeng Shares Jump 11% as Company Records Growth in Deliveries after Year of Declines

The proposed bill covers the possible risks associated with creating and using AI. It intends to protect users from potential harm arising from using them freely without regulations. Some lawmakers from the Democratic and Republican groups are proposing a bill to form a commission that will oversee the country’s approach to Artificial Intelligence (AI). The commission is to create some form of regulation about the use of AI. The United States’ response to regulating the use of AI came...

The Citroën e-C3 model will have a 320-kilometer range and a 57-minute “fast charge” capability. Automobile manufacturer Stellantis NV (BIT: STLAM) is set to unveil its first European-made affordable electric vehicle, the new Citroën e-C3 by mid-October.  According to the Brand Chief Executive Officer (CEO) of Citroën and Stellantis Chief Sales & Marketing Officer Thierry Koskas, the Electric Vehicle (EV) will sell for less than 25,000 euros which is approximately $27,400. With this...

Considering the tight market conditions, Nio has also put its expansion plans on hold for the time being. It has stopped any additional incentive programs such as free battery swaps for new users. In the latest development on Monday, June 12, Chinese electric carmaker Nio announced cutting the prices of its cars by around $4,200 with immediate effect. Furthermore, the company shall also be ending free battery swaps for new buyers. This is quite surprising since back in April 2023, Nio CEO...