Tesla gets $420 price target over Model 3 efficiencies, “limited impact” from rivals

Tesla (NASDAQ:TSLA) recently received another vote of confidence from a prestigious Wall Street research firm. In a recent note, CFRA, an independent investment research company, stated that it was raising its price target for Tesla stock to $420 per share — the same amount that Elon Musk quoted earlier this year during his short-lived attempt […]

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Tesla’s Gigafactory 3 is starting to attract the interest of China’s workforce

Tesla’s upcoming Gigafactory 3 in Shanghai appears to be attracting a lot of interest among China’s workers, with a recent recruitment day for the facility attracting a larger-than-expected number of applicants. Videos taken of the job fair show long lines of interested candidates waiting their turn to submit their applications for the factory.  Local media […]

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Meet IONA Electric Truck & Van: Equipped With Battery & Ultracapacitors

Here is a new electric van and tiny electric truck from Asia AVEVAI is a new company that intends to capitalize on the electric vehicle revolution. The name comes from – Autonomous Vehicle, Electric Vehicle, Artificial Intelligence. The first two products, introduced at the Guangzhou Auto Show, are the all-electric Iona Van and Iona Truck. […]

China To Reduce Tariffs On Cars Imported From U.S.

Tesla EVs will be cheaper again. Donald Trump recently announced that “China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.”. It’s the latest and fortunately positive turnabout in the ongoing dispute/trade war. The news will help manufacturers in the U.S. to sell cars […]

World’s First Electric Car Stunt Show To Launch In China

Elēkron will open in Macau next month. It feels as if the big-budget car stunt show is a dying breed. Top Gear Live and Fast & Furious Live are no longer touring, while Disney’s Lights, Motors, Action shut up shop a few years back with its French inspiration Moteurs Action set for the chop in the not […]

VW, JAC & Seat Sign New E-Mobility Deal In China

The first electric Seat in China is expected in 2021 Volkswagen Group China, Anhui Jianghuai Automobile Group Corp., Ltd (JAC) and Seat announced a new Memorandum of Understanding about e-mobility in China. The deal envisions the development of a battery electric platform for the Chinese market in the new R&D center that should be ready […]

Tesla Autopilot milepost, Kia electric strategy, China’s EV spying: Today’s Car News

As the 2018 LA Auto Show winds down, we explore some questions that came out of it, starting with why Kia plans two electric models with the same long-range battery. Tesla announced at the show that its cars have now covered a billion miles driving on …

VW pushes global electrification offensive

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Seat has signed a statement of intent with the Volkswagen Group China and JAC to cooperatively develop a series of Seat electric vehicles in China. At the same time, North American head Scott Keogh has announced that VW would introduce their first MEB based model in the USA in 2020. Looking at the developments in […]

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