Latest News

Hyundai, Apple to Sign EV Deal: Korean Source

After signing a cooperation contract, Hyundai Motor and Apple Inc. will start working on self-driving electric vehicles, which will be offered in the U.S. almost in 2024. However, the report by Korea IT News was not strongly affirmed by the companies; Hyundai Automotive Manufacturer didn’t address the report but stated several companies already asked to work with the company to produce self-driving cars. Another fresh report by the same source didn’t offer specifications on the location and magnitude of production with no timetable to sign up the deal. The earlier statement, though, mentioned more detailed information: the location is in Kia Motors’ factory in Georgia or in a two-sided factory built in the U.S., with a production capacity of 100,000 cars no later than 2024. The two firms have designed a plan to offer “beta version” of the Apple EVs in the next year, according to the report. Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Tesla's Success Sparks China's Startups

Although the market was disturbed in some ways due to the coronavirus pandemic, Tesla managed to see a boom in sales in the initial 8 months of 2020, almost tripled to 73,658 cars from the year before. Tesla’s success has inspired Electric Vehicles (EV) startups. China’s electric vehicles startups, NIO, XPeng Inc., Li Auto and WM Motor have this year boosted. According to Fu Qiang, the Airways co-founder, Airways intends to go public too. He continued the relative achievement of U.S. IPO (short for initial public offerings) by Li Auto and XPeng has triggered our aspirations. He also added that the Airways will be probably listed in China, approving that IPO is on the agenda. Gained not over 10 billion yuan since its establishment in 2017, the Airways company has to achieve more finance via private sectors as well as other investors. For many years, China has been producing the most rapid growing electric vehicles in the world thanks to abundant state purchase subsidies. However, the sales declined last year as a result of reduction in funding and de-escalating other policies to protect electric cars. Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Newsletter

Enter your email address below to subscribe to our newsletter and keep up to date with the latest news, discounts and special offers.

Latest Comments