Hyundai, Kia agree to pump $16.5bn into EV production in South Korea

Hyundai Motor Group and affiliate automaker Kia have agreed to spend $16.5 billion to produce electric vehicles at a new factory in South Korea. Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. […]

The post Hyundai, Kia agree to pump $16.5bn into EV production in South Korea appeared first on TESLARATI.

Elon Musk’s deal with Twitter not ‘on hold,’ company won’t renegotiate from $44bn

Elon Musk’s deal with Twitter, which was agreed upon on April 25 for $44 billion, is not on hold and will move forward, company executives told employees on Thursday. Musk, who said the deal was on hold pending proof of Twitter’s estimation of bots among its active users, has been backtracking the deal for several […]

The post Elon Musk’s deal with Twitter not ‘on hold,’ company won’t renegotiate from $44bn appeared first on TESLARATI.

Ford recalls 464 Mustang Mach-E units for software glitch causing unintended acceleration

Ford is recalling 464 units of the 2021 Mustang Mach-E due to the presence of a potential software glitch that could cause unintended acceleration. The submission date for the Ford Mustang Mach-E recall is listed as May 13 and was included in other reports of Ford’s combustion engine vehicles catching fire. According to documents released […]

The post Ford recalls 464 Mustang Mach-E units for software glitch causing unintended acceleration appeared first on TESLARATI.

Ford F-150 Lightning dealer demo units begin to flood lots outside of Dearborn

Ford’s introductory all-electric pickup, the F-150 Lightning, recently began production, and finished units are flooding parking lots near the automaker’s Dearborn production plant, preparing to make their way to dealerships as demo vehicles. Ford has already warned dealers of a hefty fine that will come their way if the demo units are sold to customers, […]

The post Ford F-150 Lightning dealer demo units begin to flood lots outside of Dearborn appeared first on TESLARATI.

ARK founder Cathie Wood says Tesla removal from S&P ESG is ‘ridiculous’

ARK Invest found Cathie Wood called Tesla’s removal from the S&P’s Environment, Social & Governance Index “ridiculous” after the automaker was not included on the list due to “a decline in criteria-level scores” in low-carbon strategies and its “codes of business conduct.” On Wednesday, Tesla was removed from the S&P’s ESG Index after a standard […]

The post ARK founder Cathie Wood says Tesla removal from S&P ESG is ‘ridiculous’ appeared first on TESLARATI.

Tesla crash that killed three in California probed by U.S. safety agency

A Tesla crash that killed three people in California earlier this month is now being probed by a U.S. government agency. The National Highway Traffic Safety Administration (NHTSA) said it would open a Special Crash Investigation (SCI), probing to find out more information on what potentially caused a three fatality crash involving a 2022 Tesla […]

The post Tesla crash that killed three in California probed by U.S. safety agency appeared first on TESLARATI.

Honda Prologue all-electric SUV teased prior to 2024 release date

Honda teased the introduction of its all-electric Prologue sport utility vehicle today, which will be the company’s first BEV sold in the United States. Prior to its launch in 2024, the Japanese automaker gave consumers a preview of the potential design, which was developed through virtual reality visualization technology. A simple, yet sleek and sporty […]

The post Honda Prologue all-electric SUV teased prior to 2024 release date appeared first on TESLARATI.

Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. Lucid announced it had officially signed agreements with the Ministry of Investment of Saudi Arabia (“MISA”), the Saudi Industrial Development Fund (“SIDF”), Emaar, The Economic […]

The post Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility appeared first on TESLARATI.

Ford will deliver F-150 Lightning units without ‘Phone-as-a-Key’ feature

Ford told dealers in an internal communication that the F-150 Lightning all-electric pickup would not come equipped with the “Phone-as-a-Key” feature, but would be enabled with a software update in late summer 2022. Ford’s “Phone-as-a-Key” feature literally turns an owner’s phone into their lifeline for their vehicle. They can start, unlock and lock, and open […]

The post Ford will deliver F-150 Lightning units without ‘Phone-as-a-Key’ feature appeared first on TESLARATI.

Drone operator above Tesla Giga Berlin spoils routine descent for passenger plane

A drone operator attempting to capture images of Tesla’s Gigafactory Berlin production facility caused quite the stir-up at the nearby Berlin-Brandenburg Airport. While flying the drone around 1,000 meters (3,280 feet) above Tesla’s production facility, the aerial camera obstructed the approach of a passenger airplane causing it to divert, spoiling its routine descent into the […]

The post Drone operator above Tesla Giga Berlin spoils routine descent for passenger plane appeared first on TESLARATI.