evs and hybrids - CybAI news

02 Jul

Polestar Is Bracing for the EV Tariff Wars. It May Not Emerge Unscathed

stp2y0 CommentsRAG modelsbusiness, cars, china, electric vehicles, evs and hybrids, gear, polestar

Polestar is caught in the middle of an international trade war. Growing competition from Tesla and Chinese rivals and the slowdown of the global EV market are not great for business. Even worse are the gigantic taxes set to be imposed on Polestar’s entire cohort of Chinese-manufactured cars. The US government will raise tariffs on electric vehicles coming from China from 25 percent to 100 percent, and in Europe, the threat of a 38 percent hike in taxes also looms from July 4. In May, China suggested that it will retaliate with a 25 percent tariff hike on large-engine cars…

Rimac’s Super-Sleek Robotaxi Has More Room Than a Rolls-Royce

stp2y0 CommentsRAG modelsautonomous cars, cars, driverless cars, evs and hybrids

The Rimac Group describes Verne—its new autonomous ride-hailing service—as its “next impossible thing.” First, founder Mate Rimac established his eponymous electric hypercar company in Croatia, a country with no history of carmaking. That went well. Porsche, Hyundai and Softbank all took stakes. The Volkswagen Group gifted him a majority stake in Bugatti in return for access to his propulsion tech in future models.Rimac Technology now supplies electric drivetrains to Porsche, BMW and Aston Martin, among many others, and it is developing advanced energy storage tech, too.And now there's Verne, Mate's autonomous ride-hailing service launched today in Zagreb, the Croatian capital. Named after…

Tesla Shareholders Approve Elon Musk’s Big Payday

stp2y0 CommentsRAG modelselectric vehicles, elon musk, evs and hybrids, stocks, tesla

Under CEO Elon Musk, Tesla has been credited with revolutionizing the auto industry, jumpstarting the electric revolution, and racking up billions in profit in the process. Now Musk is set for a record payday worth almost $50 billion, after the electric car company’s shareholders approved a compensation plan that had been previously blocked by a federal judge.The preliminary outcome of the vote was announced Thursday afternoon during an annual shareholder meeting at Tesla’s newest auto and battery factory in Austin, Texas.The setting was apropos: Shareholders also approved a measure to move Tesla’s corporate registration away from Delaware and to Texas.…