BrightDrop has a reservation count of over 25,000 EV units from large fleet operators, including FedEx and Walmart.
Since January 2022, BYD has continued to record increased sales of vehicles, of which a larger percentage were EVs.
A major highlight of the announcement is the creation of a Digital Twin of the Software Defined Vehicle which will be resident on Google Cloud.
As it stands, there is no specific pricing on the incoming Tesla Cybertruck. The EV maker is yet to reveal its plans to manage the battery supply of the new vehicle or show its production version.
According to the Ford Q3 2022 financial report, the company experienced a string of supply chain problems.
Tesla has been facing growing challenges in China due to strict COVID-19 rules as well as growing competition from local electric carmakers like BYD.
German automaker BMW announced plans to scale up production of US electric vehicles in collaboration with battery manufacturer Envision.
In comparison with other top brands, BYD has garnered a significant stride in the Chinese market, selling as many as 1.18 million cars in the year-to-date period.
Mercedes-Benz stated that the MO360 Data Platform would help in creating a virtual replica of its vehicle manufacturing process.
After the successful IPO, the market valuation of the European automaker soared to about 84 billion euros.
Tesla missed the delivery estimates just by a whisker but it has impacted the stock price in early trading hours on Monday.
With Volkswagen willing to ramp up its electric vehicle and battery efforts, Porsche IPO would help it raise money to invest in its transformation.
Rising EV manufacturer Stellantis has partnered with Uber to make a play for electric vehicle market in France.
The G9 SUV has every potential to outsell even the firm’s most popular product – the P7.
Leapmotor initially projected to raise as much as $1.5 billion for the IPO but later scaled it down