Ford says its Active Drive Assist system will allow hands-free driving on more than 100,000 miles of divided highway in the United States and Canada. Ford Ford Motor has entered into an agreement with Mobileye, an automotive technology subsidiary of Intel, to support its next generation of advanced driving and …
Read More »Tesla’s Chinese rival Xpeng Motor raises $ 500 million
Xpeng Motors’ latest electric car is called the P7. Xpeng Engines Chinese electric car company Xpeng Motors has raised new funds as competition continues to rise in China’s so-called new energy vehicle market. The $ 500 million financing came from a group of investors including Aspex, Coatue, Hillhouse Capital and …
Read More »New York to Invest $ 750 Million to Expand Electric Vehicle Infrastructure
FILE PHOTO: New York Governor Andrew Cuomo speaks during a press conference at the new Terminal B of LaGuardia Airport, during the outbreak of coronavirus disease (COVID-19) in New York City, New York , USA, June 10, 2020. REUTERS / Brendan McDermid NEW YORK (Reuters) – New York Governor Andrew …
Read More »Tesla records in California nearly halved in Q2
Tesla Model 3 vehicles made in China are seen during a delivery event at their factory in Shanghai, China on January 7, 2020. Aly Song | Reuters Tesla’s vehicle registrations nearly halved in the U.S. state of California in the second quarter, according to data from Cross-Sell, a market research …
Read More »Fiat Chrysler and PSA Group rename recently merged carmaker ‘Stellantis’
PSA CEO Carlos Tavares and FCA CEO Mike Manley shake hands after signing a combined agreement that will lead to the creation of the world’s fourth-largest automaker in terms of annual sales (8.7 million vehicles). FCA Fiat Chrysler and French automaker PSA Group plan to name their newly merged company …
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