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Al-Futtaim Automotive leads $15 million funding round in revolutionary EV startup – River IMage Credit River

Al-Futtaim Automotive leads $15m funding round in Indian EV startup, River

Within a short span of two years since inception, River launched its first product ‘Indie’ an urban electric scooter to rave reviews last February

Saudi-backed Lucid Air sedan

Saudi-backed electric car maker Lucid plans to raise $3bn

The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital

EV Market

UAE’s EV market projected to grow by 27% annually over next six years

With more than 20 per cent of government car fleets running EVs since 2021, the UAE is leading the way towards the future of electric vehicles in the region

Global electric vehicle transformation project launched for the UAE

The launch of the Global EV Market is in line with the country’s objective to transition to net zero and set itself up as a global electric vehicle hub

Hyundai Group EV investment

Hyundai Motor, LG plan $4.3bn EV battery plant in US

Construction of the EV battery facility will start in the second half of 2023 and production will begin as early as the end of 2025

Ford Tesla

Ford taps Tesla superchargers in rare partnership

Ford’s next-generation vehicles, starting in 2025, will have the Tesla charging capability built in

Uber India

Uber to add 25,000 electric vehicles in India in green push

The ride-hailing company will launch EV Uber Green in June in Mumbai, Bengaluru and Delhi

RTA to auction special number plates. Image credit: RTA

RTA to auction premium car number plates soon: Check dates

The RTA will auction 350 number plates comprised of two-digit plates for vintage cars, and three, four and five-digit plates for private vehicles

the Artura

McLaren raises the ‘supercar’ bar with the Artura

From its all-new carbon fibre lightweight architecture and high-performance hybrid powertrain to its beautiful design and impressive interior – the McLaren Artura aims to impress

Speed Edition 12

Bentley unveils limited Speed Edition 12

The Speed Edition 12 package incorporates a range of distinctive design enhancements

Tesla

Tesla raises prices of S, X Models by $2,750 in China

The pricing of Model S sedan and Model X now start at CNY808,900 and CNY898,900, respectively

Hurtan Grand Albaycin

Hurtan Automoviles enters UAE market with its iconic Grand Albaycin

The Hurtan Grand Albaycin is a two-seater luxury convertible that features a classic design inspired from the 1950s and 1960s era

Model S

Tesla increases price of Model S, X in US after shares slump

The latest starting prices of both models are $87,490 and $97,490, respectively

Cars24

Interview: Abhinav Gupta, CEO – Gulf region at Cars24

Reports suggest that the UAE ranks eighth globally for readiness in the electric vehicles market and is expected to grow 30 per cent annually until 2028

Hyundai

Hyundai commits to $18bn spend in shift to electric cars

The group plans to boost its annual output of electric cars in Korea to 1.51 million units by end of this decade

Battery

Tesla to build new battery factory, says Elon Musk

The company will manufacture its Megapack large-scale energy-storage unit in the new facility

EV Chargers

UK set for massive rollout of EV chargers in net-zero push

England’s Surrey County Council and EV-infrastructure company Connected Kerb plan to install 10,000 chargers by 2030

RTA premium number plates auction-112

Dubai premium number plates fetch a total of Dhs38.21m

RTA offered a total of 90 premium number plates for bidding during the 112th Open Auction

Porsche Taycan Turbo. Image by Porsche

Porsche operating profit in 2022 surges $7.2bn on high revenues

The automaker said it is pushing its strategy of modern luxury in 2023 and has started its ambitious Road to 20 programme

powertrains

New powertrains may cut hybrid costs up to 30%, says Nissan

The automobile manufacturer unveiled blueprints for two new powertrains — one for its E-power hybrids and another for zero-emission vehicles

Aramco, Geely and Renault venture

Saudi Aramco plans to set up powertrain JV with Renault, Geely

Aramco will be a minority stakeholder in the venture while Geely and Renault are expected to retain equal equity stakes

Waymo

Alphabet’s Waymo cuts 8% of staff after second round of layoffs

The company confirmed its staff reduction, saying it eliminated some engineering roles and rebalanced its headcount

Tesla

Tesla’s Mexico plant to require $5bn investment

Mexican President Andres Manuel Lopez Obrador earlier said that Tesla will build the plant in Monterrey

California

Tesla to build engineering headquarters in California

The company is occupying the former headquarters of Hewlett Packard, Tesla chief executive officer Elon Musk said Wednesday

Tesla Crash

Tesla fatal crash with fire truck draws US regulator inquiry

The Contra Costa county fire department said that a Tesla struck one of its trucks that was blocking lanes while responding to an earlier accident

Tesla

Tesla recalls over 362,000 cars due to self-driving software safety concerns

The automaker is expected to fix the issue through an over-the-air software update by April 15

Ford

Ford is investing $3.5bn in EV battery plant with Chinese firm

The facility is set to open in 2026 and will produce enough batteries to power 400,000 EVs a year

Electric

Everything you need to know about charging an electric car

If you’re new to EVs, here’s a charging primer to get you up to speed

Volkswagen

Volkswagen targets significant EV returns from 2026

Shares in the EV car leader have jumped 44 per cent so far this year after tumbling 65 per cent during 2022

Toyota

Toyota sees vehicle production recovery in 2023, with some risks

The Japanese auto manufacturer made 9.7 million vehicles in 2019