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Chinese EV maker Xpeng raises another 300 million USD, sources say

Chinese electric vehicle (EV) maker Xpeng Motors has raised an additional 300 million U.S. dollars from investors including Qatar's sovereign wealth fund, people familiar with the matter said.As enth

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The Hummer EV is shaping up to be GM’s electric answer to the Ford Bronco and Tesla Cybertruck

The video below contains the first glimpse at the upcoming electric GMC Hummer. The preview video is short, full of nonsense buzzwords, but still telling. It’s clear GM identified two main competitors

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Tesla's Musk says open to supplying batteries to other automakers

Tesla Inc. Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries.Tesla has previously supplied batteries to Merce

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China now accounts for nearly one-quarter of Tesla revenue

Tesla has been counting on China to maintain its sales momentum, and it seems to be on track with the plan.In the three months ended June 30, the automaker’s revenue in China climbed 102.9% yea

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Japan's automaker expects net loss of 6.4 bln USD in FY 2020

VCGJapan's Nissan Motor Co. said on Tuesday that it expected a net loss of 670 billion yen (6.4 billion U.S. dollars) in the fiscal year 2020 (April 1, 2020-March 31, 2

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China to recruit more non-commissioned officers from college graduates

China is recruiting more non-commissioned officers directly from college graduates, according to a circular issued by the military authority. This year's recruitment,

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Putin says Russia keeps modernizing naval hardware

President Vladimir Putin join the naval parade held in St. Petersburg, July 26, 2020. (VCG) The Russian navy's level of military hardware is constantly growing, President Vladimir Putin said Sunday

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Audi boss concedes being two years behind Tesla in EV tech

As the world is seeing more and more electrical vehicles on the road, the future of Audi is on the brink.On Thursday, Audi CEO Markus Duesmann told a German business daily that Tesla's the leader in

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Chinese EV maker Li Auto aims to raise up to $950 mln in growth push

Chinese electric vehicle maker Li Auto Inc, backed by food delivery giant Meituan Dianping, has launched an initial public offering of up to 950 million U.S. dollars, in one of the biggest U.S. li

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New round of Syrian peace talks to be held in Geneva: UN

UN Special Envoy for Syria Geir Pedersen briefed the UN Security Council about the latest development of the Syrian situation earlier on Thursday, saying he has encouraged all sides to prepare for a

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7th China EV Rally (CEVR) opens in Qinghai Lake

The 7th China EV Rally of Qinghai Lake (CEVR) began on Thursday in Xining, northwest China's Qinghai Province. A total of 13 models of electric vehicles will be tested

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18 terrorists killed as Egyptian army thwarts terror attack in North Sinai

File Photo: People wearing face masks are seen in Cairo, Egypt, on June 12, 2020. (Xinhua/Ahmed Gomaa) Egypt's army announced on Tuesday that it killed 18 terrorists as its forces thwarted a majo

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Protests erupt in India after alleged gang rape, murder of girl

01:08 Violent protests and rioting erupted in eastern India on Sunday, over the alleged gang rape and murder of a teenage girl. Local media reported that the girl went missing on Satur

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GM details 12 upcoming electric vehicles from Cadillac, GMC, Chevrolet, and Buick

General Motors is on track to deliver 20 electric vehicles by 2023, the company said in its latest sustainability report. That includes models for nearly all of its brands, including Cadillac, GMC, C

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Beijing reports no new confirmed domestically transmitted COVID-19 cases

A staff member conducts disinfection at meat transportation vehicles at a meat food company in Beijing, capital of China, July 14, 2020.(Xinhua/Li Xin)BEIJING, July 19

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Tesla registrations in California nearly halve in second quarter: data

Tesla Inc's vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from Cross-Sell, a marketing research firm that collates title and registr

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Adam Neumann is back in the shared economy business with an investment in GoTo Global

Adam Neumann, the controversial co-founder and former CEO of WeWork, has taken a 33% equity stake in GoTo Global, a shared mobility company that operates in Israel and Malta and aims to expand into