The Hyundai Motor Group revealed during its 2023 annual investor day on Tuesday that it would accelerate its transition to electric cars. With an injection of new funds dedicated to EV and battery development, Hyundai is raising its annual EV sales goal to two million by 2030, aiming for over 10% profit margins. Including Kia
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The Tesla Megapack 2XL is going to power a new giant 877 MWh battery project developed by France’s Neoen in Western Australia. Tesla Megapack has quickly become the prominent battery pack for large-scale energy storage projects. Neoen actually played a part in that. Before the Megapack, Tesla had the Powerpack, and it was selected by
Hyundai confirmed that it is considering adopting Tesla’s NACS connector for its electric vehicles in North America, but it is not ready to pull the trigger as it wants to “look into it from the customer’s perspective” first. After both GM and Ford announced that they would adopt NACS as the standard connector in their
Nevada has a new law that lowers the price upfront of medium- and heavy-duty electric trucks and buses for businesses and public fleets. Governor Joe Lombardo (R-NV) signed Assembly Bill 184 – the Nevada Clean Trucks and Buses Incentive Program – into law this month. It provides incentives for Nevada-based businesses and public organizations who
Tesla has released a rare and interesting look at its latest Supercharger monitoring system, which will become an important tool for managing an increasingly valuable asset. Older Tesla owners will remember the days when the automaker was operating Supercharger monitoring systems on screens at a select few stations. You could see the entire global use
Kia plans to expand its lineup of all-electric vehicles over the next few years as it pushes toward becoming a sustainable mobility leader. Despite releasing its first three-row electric SUV, Kia plans to downsize with smaller models, including an entry-level EV and an electric crossover. Kia steps into the electric era After what many consider
US auto safety regulators are investigating Hyundai IONIQ 5 electric SUV’s after 30 complaints were sent to the National Highway Traffic Safety Administration (NHTSA) over reports of power loss. Hyundai IONIQ 5 investigated over power loss reports NHTSA’s Office of Defects Investigation (ODI) is investigating the power loss issue covering the 2022 model year Hyundai
A new electric SUV has officially started rolling out. Kia has begun delivering its flagship EV9 electric SUV as it looks to continue expanding its brand in the era of electrification. Kia delivering its new EV9 electric SUV in South Korea After officially revealing its new three-row electric SUV in March, Kia’s new flagship EV9
A Tesla Cybertruck prototype was spotted arriving by plane in New Zealand – most likely for final winter testing of the electric pickup truck. The Cybertruck is arguably the most anticipated electric vehicle program to launch this year. We, along with about 1.5 million reservation holders, have been following it closely to have an idea of
Tesla has added a discount to new inventory Model S and Model X vehicles and three years of free Supercharging for deliveries by the end of the quarter. With the end of the quarter approaching, Tesla is looking to deliver better-looking financial results by not ending it with many vehicles in inventory. To achieve this
Tesla announced it produced 10 million 4680 battery cells at Gigafactory Texas. It is a good sign for the automaker’s production ramp-up, which relies heavily on the new cell. The 4680 battery cell format has taken the industry by storm since Tesla unveiled its own cell strategy at Battery Day in 2020. The automaker claimed
The Volkswagen Group hit a milestone after revealing 1 million electric vehicles have been produced on its MEB electric car platform. Volkswagen foresaw the auto industry’s transition to fully electric vehicles (although didn’t commit to it fully yet) back in 2015 with plans to develop a dedicated EV platform. The modular electric drive matrix (MEB)
Tesla has filed for a patent on a new steer-by-wire system. Electrek previously reported that Tesla is building a team to bring steer-by-wire technology to its electric vehicles. A steer-by-wire system eliminates the use of mechanical linkages in a steering system, and instead, it only relies on electrical or electromechanical systems for steering. It has
To accelerate domestic battery output and establish a reliable supply chain, Japan is awarding nearly 120 billion yen ($847 million) to fuel Toyota’s newly revealed EV battery tech strategy. Japan gives $850M to support Toyota’s EV battery output Japan’s Ministry of Economy, Trade, and Industry is designating storage batteries, such as those used in EVs,
Tesla has issued a new voluntary recall on the Tesla Semi, in the form of a software update to ensure that the side door warning system works properly. The recall itself isn’t a big deal – it’s just a software update to change how a warning shows on screen – but what it does tell us
Analysts are trying to estimate the value of Tesla’s Supercharger network as the NACS connector becomes the North American standard and could widen Tesla’s charging lead. One of the top Tesla analysts believes it could be worth more than $100 billion. The Supercharger network is the only global EV fast-charging network, and in North America,
Tesla has confirmed that it has now installed over 500,000 Powerwalls worldwide, and it is growing fast. While there are now quite a few home battery back solutions, Tesla owns a large part of the mindshares with Powerwalls. It virtually launched the Li-ion home battery market when introducing the product in 2015. But Powerwall didn’t
Tesla has confirmed that it will soon launch virtual power plants using Powerwalls in Texas and Puerto Rico. The company even confirmed it already has some significant power capacity in Puerto Rico. Virtual power plants are becoming one of Tesla’s most underappreciated products. Tesla is using its existing and growing fleet of Powerwalls to aggregate
Elon Musk is set to meet with President Macron for the second time in a month amid rumors of Tesla potentially building a factory in France. Less than a month ago, Musk flew to Paris to meet with President Emanuel Macron, and following the meeting, the Tesla CEO said that the automaker is looking at
Tesla has hiked up the price of its home charging station, the Tesla Wall Connector, just as it is about to become more popular. However, despite the price hike, it is still one of the cheapest stations for the specs. After Tesla announced last year that it is opening its EV charge connector with the aim
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