With the newly secured funding, AutoFi is set to bolster its business operations across the board, first by hiring more staff particularly to boost the engineering and customer-facing teams.
While it remains unclear what their products will look like, their individual and combined capabilities speak for themselves.
The products from Volocopter mobility include the VoloCity, VoloConnect, and VoloDrone, all of which provide easy access to move at a short-range, typically within a city.
Besides the restructuring, Ford also confirmed giving a boost to its spending on EVs from $30 billion to $50 billion by 2026.
Ford said it has a significant number of Ukrainians working at the company globally. Amid the ongoing war, the company promises to provide continuous support to the people.
Panasonic says it will initially offer its lithium-ion batteries to Tesla. However, it also intends supply other companies.
The approach to cut off ties by foreign companies with Russia is a complementary move to the concerted efforts by global leaders to put Russia in a very tight economic corner.
This move to list in Hong Kong comes as a response to the growing regulatory risks for Chinese companies listed in New York.
Ford’s Mustang Mach-E debuted at the end of 2019 and started deliveries in 2020. The 2022 Mustang Mach-E starts at just under $44,000.
According to Virgin Galactic Spaceflight reservations will amount to $450,000. Whereby those interested will part with an initial deposit of $150,000 and will make their final payment before their flight.
According to the CPCA, the total passenger car sales in January in China totaled 2.11 million, down 4.5% from a year earlier.
Polestar takes a jibe at Tesla and Volkswagen as it seeks to launch its all-electric Polestar 2 very soon.
The launch of the Starship rocket may be accompanied by a number of anticipated challenges, especially with the upcoming Federal Aviation Administration’s (FAA) environmental assessment of the Boca Chica site.
Tesla is recalling some 2020-2022 Model S, Model X, Model Y, and 2017-2022 Model 3 vehicles.
The launch was supposed to put four NASA-sponsored cubesats on a mission called Educational Launch of Nanosatellites (ELaNa) 41.