Developing and building electric vehicles costs a lot of money, and Lucid Motors has been tapping its Saudi-based investors for billions in additional funding during the past few years. Now, the EV maker plans to go to new source: the public. At the same time, it’s getting a new top shareholder. Find out more about its IPO at Headlight.News.
Just months ago, it seemed, the internal combustion engine was on its way out, with regulators planning to phase out the technology – in some markets, like Europe, within barely a decade. While automakers once seemed ready to go along they’re now beginning to push back. That includes BMW’s CEO who called for a “correction” of EV-only strategies at this week’s Paris Motor Show.
Sales of electric vehicles set a new global record in September hitting 1.7 million units. This surpassed the previous record by 150,000 vehicles last December. Unsurprisingly, China is leading the charge, but contrary to what many in the U.S. would tell you, the American market is up 10% through the end of the third quarter. Find out more at Headlight.News.
Tesla appears to be planning a shift away from its once groundbreaking EVs to put more focus on a line of robots and robotaxis but that has generated some significant pushback from investors who question the new business model announced by CEO Elon Musk during a flashy Hollywood rollout last week.
It may have gotten off to a bad start due to some unexpected software problems but the 2024 Chevrolet Blazer EV shouldn’t be dismissed by those looking for a new battery-electric vehicle. It’s offered in an unusually broad range of configurations that can fit a variety of different needs, as our reviewer Jeff Zurschmiede learned while spending a week behind the wheel.
An ebullient Elon Musk took to the stage Thursday night not just to show off the long-awaited Cybercab, Tesla’s CEO offered a peek at what his idea of what the future should be, and that kicks off sometime near the end of 2026 when the first Cybercabs go into production. Get details at Headlight.News.
It’s a put-up-or-shut-up-day for Elon Musk as Tesla prepares to reveal its long-promised Cybercab, but the company has plenty of other challenges facing it right now, starting with the departure of four top-level executives leading an exodus of talent as insiders balk at the CEO’s increasingly erratic behavior.
If there’s anything that electrification does to the fiercest of cars, it’s civilize them. Look only at the new 2024 Mercedes-AMG CLE 53. Here’s our review.
Hyundai’s new EV plant outside Savannah, Georgia is up and running, months ahead of its original schedule. But the automaker now says the $7.6 billion complex will build hybrids, as well as all-electric models due to slowing growth in the EV sector.
The Paris Motor Show has traditionally been a big event for European automakers and, in some ways, it could prove even more important this year, as Western manufacturers roll out new products designed to hold back increasingly aggressive Chinese competitors. Headlight.News looks at some of the most important products set to debut in the City of Lights this coming week.
Lucid Group reported it delivered nearly 2,800 vehicles, which surpassed the expectations of analysts. The results are also in contrast to fellow EV startup Rivian. Get details about the results and what’s next at Headlight.News.
Tesla announced a recall covering more than 27,000 vehicles. More precisely, 27,185 Cybertrucks. This marks the fifth time the all-electric pickup has faced a safety-related callback since the first dozen Cybertrucks were handed over to customers by Tesla CEO Elon Musk at the end of November 2023. And it comes at a time when Tesla has had more recalls than any other automaker.