Mar 15, 2023 | Business, Electric Vehicles
Volkswagen laid out on Wednesday the details of a planned all-electric car costing under 25,000 euros ($26,790), part of the German carmaker’s push to derive 80% of VW passenger brand sales in Europe from all-electric vehicles by 2030. The car with a 450-km...
Mar 9, 2023 | Business, Mobility
Siemens Mobility plans to build a passenger rolling stock facility in Lexington, N.C., in a move that will increase its manufacturing capacity, create more than 500 jobs and a more sustainable option to meet the needs of its East Coast and Midwest customers. The $220...
Feb 23, 2023 | Business, Electric Vehicles, Uncategorized
Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000 of its Air luxury sedans last year amid manufacturing challenges. But the company said it expects to make between 10,000 and...
Jan 5, 2023 | Business, Electric Vehicles
The BMW Group more than doubled its fully-electric vehicle sales in 2022 and plans on raising the share of battery electric vehicles in total sales to 15% in 2023, the carmaker said in a post on LinkedIn on Wednesday. Total sales for 2022 were around 100,000 fewer...
Dec 15, 2022 | Business, Electric Vehicles
The past year was sobering for investors who poured money into Tesla Inc and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk’s success. As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian...
Dec 1, 2022 | Business, Drones, Featured
Over $500 billion. This is the fantastic revenue figure predicted for the drone market by 2030. And considering its development pace, I presume this forecast to come true. Drones are already being used to improve a variety of tasks and industries: monitoring the...
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