VENTURE CAPITAL POST

Xiaomi said it will begin delivering its first electric vehicle (EV) model, the SU7, to customers this month.

Stellantis signed a multi-billion-euro framework arrangement with Ayvens to sell 500,000 automobiles in Europe over three years.

The Biden administration may stall crucial pollution restrictions on cars, hurting EV development.

Cultural flaws, incompetence, and poor leadership at Cruise caused regulatory difficulties and cover-up suspicions after an October 2023 pedestrian accident.

Tesla CEO Elon Musk told investors a cheaper EV will be produced later this year.

Donors to the Central African Republic were to meet in Brussels on Thursday to discuss aid for the strife-ridden and poverty-stricken nation. Rights groups have called for funding for its Special Criminal Court.

Audi has made a special extended version based on its A8 L model. The 20-foot long, six seat luxury limousine is made according to a special request from an unknown European buyer.

Fiat Chrysler is announcing a 1,300 job cuts as a result of the company’s decision to focus on producing light trucks and SUVs. American automakers are reportedly struggling to make money on other car models, such as sedan recently.

The world’s first fully autonomous taxis might be hitting the streets of Singapore earlier than other cities. An MIT-supported startup is dedicated to develop a technology to achieve that, and is now seeking for approval for pilot program.

French government offered an old nuclear plant site for Tesla to build its electric car manufacturing facility. The plant site is shutting down and Tesla’s existence could help support local residents with jobs.

Tesla announced parts shortage as the factor that caused the company to miss its initial sales target for the first quarter of 2016. The company, however, retains its guideline for the full year as it already solved the root of the problem accordingly.

Volkswagen will start recalling 91,000 of its Passat 2012-2014 models in the U.S. over problems with the vehicle’s connector that could cause overheating and electrical short. The automaker is lately being clouded by scandals regarding emission and its vehicles.

CarDekho.com and CarBay.com's parent company Girnar Software has received a late-stage funding round led by Google Capital. The new fund will be allocated to further improve the company's car portals' technology as well as expanding services.

Car insurer Admiral’s chief has decided to award every employee in his company £1,000 before he retires in May. Admiral has been seeing constant growth since 2011 and is now valued £5 billion under Mr Engelhardt’s leadership.

App-based ride-hailing service Lyft announced its new initiative with GM, a car rental program called Express Drive. Aiming to grow its base of drivers, the new program will allow drivers to apply without owning a qualifying car but renting in instead.