A naukri.com initiative
Electric Vehicles News
Insideevs
1h
174
Image Credit: Insideevs
Here’s Why BYD Is Charging Twice The China Price For EVs Sold Abroad
- BYD is selling its electric vehicles at twice the price it does in China in foreign markets.
- BYD's strategy seems to prioritize profit margins over surpassing Tesla in sales volumes.
- The markup on BYD vehicles sold abroad ranges from 30% to 178% higher than prices in China.
- This pricing strategy is unusual compared to other automakers selling in foreign markets.
Read Full Article
10 Likes
Tech Story
1h
111
Tesla sacks Two Senior Executives and Most of the Supercharger Team in a New Round of Layoffs
- Tesla has announced further layoffs, targeting senior executives and key teams.
- Notable figures, including Drew Baglino and Rohan Patel, are among those departing from the company.
- The entire new ad team and the Supercharging team, led by Rebecca Tinucci, have been disbanded.
- These layoffs reflect potential challenges and a reevaluation of priorities within Tesla.
Read Full Article
6 Likes
Insider
1h
307
Image Credit: Insider
Tesla stock drops as Elon Musk reportedly announces hundreds more layoffs including senior execs
- Tesla stock dropped as much as 5% on Tuesday amid reports of more layoffs at the company.
- Layoffs include senior executives and their teams overseeing charging infrastructure.
- The slump pared some gains from the previous day following optimism around Musk's surprise China visit.
- Shares of Tesla dropped as much as 5.5% on Tuesday amid reports that Elon Musk announced hundreds more layoffs, including two high-level executives.
Read Full Article
18 Likes
Insider
1h
51
Image Credit: Insider
GM and Ford's gas-powered profits and hybrid successes show how hard it will be for Tesla to weather an EV slowdown
- Tesla is finally being forced to reckon with a slowdown in electric-vehicle demand.
- Competitors like GM and Ford are finding success with hybrids and gas-powered cars.
- GM focused on driving free cash flow, resulting in a hefty profit margin in North America.
- Tesla's approach to the EV slowdown relies on lowering production costs and delivering an affordable model.
Read Full Article
3 Likes
Insider
2h
94
Image Credit: Insider
Tesla's Cybertruck is getting a big update that improves off-roading and camping
- Tesla has announced updates to improve the Cybertruck's off-road and camping capabilities.
- The updates include the introduction of Off-Road Mode and leveling suspension in CyberTent Mode.
- On-road updates include a slippery surface feature and adjustable suspension based on weight.
- The Off-Road Mode offers multiple camera views, trail assist, and locking differentials for improved off-road performance.
Read Full Article
5 Likes
Insider
2h
303
Image Credit: Insider
Elon Musk is going hardcore again
- Elon Musk reportedly emailed Tesla staff announcing hundreds of layoffs and reiterating the need to be 'absolutely hard core' with cost cuts and staff reductions.
- Musk called for the resignation of any exec who kept more than three direct reports who aren't stars.
- Musk announced the departure of two executives at the company and additional job cuts.
- Tesla reported an 8.7% year-over-year revenue drop for the first quarter.
Read Full Article
18 Likes
Tech Story
3h
187
Tesla fires loyal employee who”slept in his car” and “showered at work” to work longer hours
- Tesla faced scrutiny over employee layoffs, highlighting labor concerns.
- Nico Murillo, a dedicated Tesla supervisor, was abruptly let go.
- The incident sparked support for unionization efforts among Tesla employees.
- Tesla's treatment of employees prompts calls for greater corporate accountability.
Read Full Article
11 Likes
Insider
3h
67
Image Credit: Insider
Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock
- Tesla's roll out of full-self driving technology in China could earn it over $2 billion by 2030, according to Bank of America.
- Rising competition in the country could prompt Tesla to offer the software for free.
- FSD is expected to boost demand for Tesla vehicles and support the stock.
- Tesla's partnership with Baidu and potential revenue from FSD subscriptions in China contribute to the earnings estimate.
Read Full Article
4 Likes
CarExpert
4h
223
Image Credit: CarExpert
Tesla fires Supercharger and new car development teams – report
- Tesla has reportedly fired its Supercharger fast charging network and new vehicle development teams.
- Rebecca Tinucci, head of the Supercharger division, and approximately 500 employees working under her have been retrenched.
- Daniel Ho, head of new vehicle development, and his team have also been let go.
- These job cuts come after a previous round where 10% of Tesla's global workforce was retrenched.
Read Full Article
13 Likes
Insideevs
4h
17
Image Credit: Insideevs
Volvo EX30: 9 Things You Might Hate About This Compact Electric SUV
- The Volvo EX30 is the brand's newest compact crossover electric car.
- Some cons of the EX30 include issues with the touchscreen and its functionality, buried settings, unresponsive touch controls on the steering wheel, cramped rear seating area, inaccurate remaining range estimations, and limited fast charging below 10% charge.
- A loaded EX30 is not worth it as it quickly gets expensive when adding options.
- In the first quarter of 2024, Volvo delivered 14,500 EX30 EVs globally.
Read Full Article
1 Like
Chargedevs
4h
34
Image Credit: Chargedevs
GreenPower Motor launches EV Star Utility Truck for commercial fleets
- US-based GreenPower Motor has launched the EV Star Utility Truck for commercial fleets.
- The utility truck is fully customizable for various uses and has a range of up to 150 miles.
- It has a payload capacity of up to 6,000 lbs and offers optional power sources for tool charging.
- Customers can order and tailor the EV Utility Truck through GP Truck Body with minimal delivery time.
Read Full Article
2 Likes
Insider
4h
183
Image Credit: Insider
Read the email Fisker sent to staff warning of layoffs if the company can't correct course
- Fisker warned staff they might be laid off if efforts to course correct are unsuccessful.
- The company is exploring restructuring alternatives and potential sale discussions.
- Fisker has launched a series of layoffs over the past few months.
- Employees were notified that they could be terminated on June 28 and the facility could be closed.
Read Full Article
11 Likes
Digitaltrends
4h
205
Image Credit: Digitaltrends
Here’s how EVs charge as they drive on a stretch of Michigan road
- The State of Michigan is collaborating with Electreon, an Israeli startup, to demonstrate in-road wireless charging for electric vehicles (EVs).
- Copper coils are embedded in the road surface and activate when a vehicle with a receiver drives or parks over them, allowing continuous charging as the vehicle travels.
- The technology has the potential to reduce reliance on traditional charging infrastructure, leading to smaller battery packs and lower costs for EVs.
- However, implementing in-road charging hardware is complex and costly, requiring coordination with automakers for necessary vehicle hardware.
Read Full Article
12 Likes
Chargedevs
5h
339
Image Credit: Chargedevs
LG Chem partners with Factorial to develop solid-state EV batteries
- US-based solid-state battery technology developer Factorial Energy has signed an MOU with LG Chem to develop solid-state battery materials for EVs.
- The partnership aims to combine LG Chem’s battery material capabilities with Factorial’s next-generation battery material and process innovations.
- LG Chem seeks to expand its R&D capabilities for new materials, including solid-state electrolytes, and increase battery material sales by 2030.
- Factorial Energy is developing its Factorial Electrolyte System Technology (FEST) to enhance EV performance and safety.
Read Full Article
20 Likes
Tech Story
5h
212
Elon Musk’s Wealth Skyrockets: Record Surge Since Twitter Purchase
- Elon Musk's net worth has skyrocketed due to Tesla's stock rally, increasing by $21.1 billion in a single trading day.
- Musk's business strategies, including the acquisition of Twitter, have contributed to his wealth growth.
- Tesla faces competition in the electric vehicle industry, but Musk's innovation and emphasis on sustainability position the company for long-term success.
- Despite regulatory scrutiny and controversies, Musk continues to push the limits of technology and entrepreneurship.
Read Full Article
12 Likes
For uninterrupted reading, download the app