Electric Car

In context: It's no secret that Foxconn has set its sights on electric vehicles. Parent company Hon Hai Precision has been making bank on assembling iPhones and PCs, but it also wants a piece of the EV pie, especially as governments are pushing for the electrification of everything. Recently, the…

Welcome to the planet's grandest high-stakes poker game, one where the players at the table are auto manufacturers frantically raising the ante in their financial commitments, betting tens of billions and their very survival on their electric vehicle development decisions. In early 2019, Reuters estimated that the top 29 global…

Ola Electric, the EV business arm of Ola, is driving the growth of the SoftBank-backed mobility giant ahead of its plans to go public in early 2022. After the market debut of its two-wheeler EV—Ola Scooter—proved to be a runaway success last month, Ola Electric has raised over USD 200…

Rolls-Royce is entering the era of modern vehicle electrification in grand fashion. The company today revealed Spectre, its new battery electric model, alongside a promise to continue to draw on the company's heritage to produce further future vehicles. "In April 1900, our founding forefather, Charles Rolls, made a prescient prophecy…

Elon Musk has performed a sudden U-turn on bitcoin over concerns about its energy usage, and says his electric car firm Tesla will no longer accept the cryptocurrency as payment – but will his decision have an impact, and could Tesla turn to an alternative currency? Tesla bet big on…

Ford Motor Company’s new $11 billion manufacturing plan, the biggest component of which will sit just outside Memphis, is part of a much bigger effort to put the U.S. at the center of the electric vehicle revolution, executive chairman Bill Ford says. The big picture: Ford’s plans — for enormous…

China Evergrande Group’s electric car unit has terminated plans for a maiden mainland share offering amid concerns over the fate of the embattled parent, which is fast running out of cash. China Evergrande New Energy Vehicle Group, which at its April peak was more valuable than Ford Motor despite having yet…

Evergrande boss Xu Jiayin appeared confident in his car startup not too long ago New signs of liquidity pressure on China Evergrande Group emerged late Friday night when the collapsing mainland developer’s electric car unit warned that it would need to find new sources of capital in order to continue…

Chemists have discovered four new materials based on ideas generated from a neural network, according to research published in Nature. Uncovering new materials is challenging. Scientists have to search for combinations of molecules that lead to useful compounds that can be manufactured. Traditional methods rely on fiddling around with known…

Jaco Van Der Merwe Similar to the way you pulled the little slot car’s trigger on the lounge carpet, this electric car sets off instantly. Shooting Brake styled Taycan also comes with off-road inspired cues. The saying goes that boys never grow up. It's merely a case of them getting…