The US president recently noted that the Bipartisan Infrastructure Law will help companies that make batteries for electric vehicles to build new manufacturing sites.
The decision by Aston Martin to partner with Lucid Group is indeed a clear acknowledgment of the rising significance of EVs in the automotive sector and the need to combat the dominance of firms like Tesla.
The proposed bill covers the possible risks associated with creating and using AI. It intends to protect users from potential harm arising from using them freely without regulations.
Nio has announced it will continue business growth and tech innovations after receiving $738 million in funding from the Abu Dhabi government.
The Citroën e-C3 model will have a 320-kilometer range and a 57-minute “fast charge” capability.
On Wednesday, Toyota stock solidified a nearly 15% gain for its best week in 14 years on news of new leadership, EVs, and next-gen batteries.
Mercedes-Benz has already set a standard in the industry via its voice control before its new relationship with Microsoft on ChatGPT.
Shares of Toyota rose after the company announced next-generation batteries for its electric vehicles and other company plans.
Considering the tight market conditions, Nio has also put its expansion plans on hold for the time being. It has stopped any additional incentive programs such as free battery swaps for new users.
Tesla is already constructing a mega factory in Shanghai to ramp up energy storage for its current and upcoming models including the Cybertruck.
Leading chipmakers MediaTek and Nvidia recently combined resources to “offer a truly unique” in-cabin AI experience in automobiles.
Reputed for being a frontrunner when it comes to AI research and technology, OpenAI has been invested in helping AI-focused startups.
China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.
While Elon Musk gave as much detail as he could at the event, there was no mention of the probable date the vehicles will hit the market.
Musk noted that Tesla will conduct a third-party audit of its cobalt supply chain to ensure there is no child labour in the supply chain.