Be The Change
The General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan. (Source »Wikipedia)
Ford invested US$1 billion in autonomous driving startup Argo AI in 2017, and Volkswagen later joined with a $2.6 billion investment. It was an attempt to match the hype surrounding rivals such as Apple, Google, General Motors, Lyft, Uber, and Tesla. At its height, Argo AI was reportedly valued at $12.4 billion. But in October 2022 Argo AI shut down.
Meanwhile, GM is looking to expand its autonomous-driving business, which it believes is key to the future of the auto maker. (Barrons)
Cadillac Global Vice President Ron Harvey confirmed the luxury automaker will debut three new EVs in 2023, that they will produce in multiple factories across different regions, including North America.
Source :: Green Car Reports / Detroit Free Press / Automotive News 🔒 /
General Motors, Ford, and other large manufactures have recently committed billions of dollars towards further development of internal combustion engines (ICE) and their dinosaur-juice fuelled vehicles.
Commenting on his competitors’ slower move to electric vehicles, Volvo Cars’ new CEO Jim Rowan is promoting a different approach, and cautions his competitors against hedging their bets by investing heavily in internal combustion engines (ICE) as they “risk missing the market.”
LMC Automotive reported EV sales surged 72% globally to 7.97 million vehicles in 2022. Nearly 10 percent of new light vehicles sold were pure battery electric vehicles (BEV).
Volvo EX90
Volvo is introducing two new EV in 2023 and plans to launch a new EV model every year for the next three or four years.
The flagship Volvo EX90 all-electric 7-seat SUV and a second, more modest crossover will both be in production by the end of this year.
Source » Automotive News 🔒 /
Jack Ewing of The New York Times, makes the case that increased competition, government incentives, and falling prices for lithium and other battery materials are making electric vehicles more affordable, and could soon be on a par with more internal combustion (ICE) cars. Perhaps even by the end of 2023.
The battery-powered version of GM’s Equinox crossover, for example, will start around $30,000 when it arrives this fall, the carmaker has said. That is $3,400 more than the least expensive gasoline-fueled Equinox. But factoring in government incentives, the electric Equinox should be cheaper. Like all electric vehicles, the car will need less maintenance, and the electricity to power it will cost less than the gasoline used by its combustion engine equivalent.
The article also makes the point that the EV will require less maintenance, and “the electricity to power it will cost less than the gasoline used by its combustion engine equivalent.”
Read More :: Seattle Times
Magna announced it has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV.
The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, Michigan, where it already produces the battery enclosure for the GMC HUMMER EV.
Magna recently announced significant investment plans for the facility in St. Clair to support the fast-growing electric vehicle market. Production is expected to begin later in 2023.
Elsewhere :: Magna Media Release / Green Car Congress / Electrek /
It’s award season and the finalists for the 2023 World Electric Vehicle of the Year award have been announced. They are »
What’s more, the Hyundai Ioniq 6 and the Nissan Ariya, both EVs, are also finalists for the overall 2023 World Car of the Year award. Interestingly the Nissan Ariya didn’t make the final cut for the EV of the Year 🤔. The Kia Niro is a contender for the overall award. The Kia Niro is available as a hybrid, a plug-in hybrid, and a full-time EV.
Other EVs that made the final cut in other categories »
Chevrolet plans to launch the Blazer and Equinox EVs in the second half of this year.
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