Tesla

Tesla says new Texas factory is making 3,000 SUVs a week

Tesla shared the new production figure in a tweet on Thursday

Khalaf Ahmad Al Habtoor donates 100 vehicles to Dubai Police

UAE businessman Khalaf Al Habtoor donates 100 cars to Dubai Police

The founder and chairman of Al Habtoor Group donated a fleet of Mitsubishi Pajero SUVs

Porsche

Volkswagen targets $75bn for Porsche IPO valuation

The German carmaker is selling a 12.5 per cent stake of Porsche’s total share capital

Number plate

Dubai number plate ‘AA 13’ nets Dhs4.42m in auction

Proceeds from the 110th open auction held by Dubai’s Roads and Transport Authority totalled Dhs37.328m

Porsche-911 IPO

Porsche family seeks redemption with IPO after tearful defeat

The share sale, targetted to value Porsche at as much as EUR85bn – roughly the same as its parent – could deliver some 10.6 billion euros in proceeds to VW

Porsche

Porsche IPO moves ahead as parent VW looks to defy downturn

The move will direct funds to Europe’s biggest carmaker to foot the staggering cost of electrification and software development

Honda battery plant

Honda, LG will build $4.4bn EV battery plant

The duo will set up a joint venture for the plant with construction starting early 2023

Bentley to launch NFT

Luxury automaker Bentley announces launch of exclusive, sustainable NFT

The NFT, which is being minted on Polygon, is scheduled for a September launch and limited to just 208 pieces

Tesla

Tesla deliveries dipped in quarter, snapping two-year streak

Tesla will report second-quarter earnings after the market close on July 20

electric car

Inflation turns EVs into luxury items, threatening broader electric shift

An electric car now costs $61,000 on average

Combustion

Europe moves closer to cutting off its lifeblood combustion engine

Members of Parliament voted in favour of mandating that carmakers eliminate emissions from the cars they sell from 2035 onward

Polestar MOE store

Polestar Space launched at the ‘Store of the Future’ in Dubai’s MoE

The opening of the Polestar Space in Mall of the Emirates follows the debut of the Swedish EV auto brand in the UAE in February

Elon Musk sells $6.9bn of Tesla shares, first since April

Elon Musk says Tesla’s total headcount will rise despite cuts

Shares of the automaker slumped more than 9 per cent on Friday after news of the job cuts emerged

VOLVO UAE Sales increase by 61%

Volvo UAE sees 61.5% increase in sales in Q1 2022

Globally, Volvo’s Recharge EV sales made up 34 per cent of total sales, of which fully electric cars made up 8 per cent in the first quarter

Lotus Eletre

Lotus Cars inaugurates new Dubai showroom

As part of its ongoing transformation, Lotus has also opened its new sports car manufacturing facility in Hethel, England

Bentley Azure variant launched in May 2022

Luxury automaker Bentley launches the Azure variant globally

The idea behind the Azure specification is to provide Bentley customers with a curated selection of features designed to enhance the wellbeing and comfort of the vehicle’s occupants

Audi e-tron

Audi Middle East reports best monthly sales in April this year since Dec 2016

While Audi e-tron GT has reported strong sales numbers, other models doing well include Q3, Q5, Q7 and Q8

Lucid’s Saudi EV factory to receive $3.4bn in incentives

The factory will be located in the King Abdullah Economic City

EV charging

The big EV charging mystery: How long does it take?

The charging curve of any particular vehicle is closely tied to the longevity of its battery

Porsche

Porsche nears agreement to join Formula 1, VW CEO says

Both Porsche and Audi have started work on F1 engines

Lucid Motors

Lucid will sell up to 100,000 EVs in deal with Saudi Arabia

Lucid said it would start delivering the vehicles by the second quarter of 2023

GM and Honda in talks to develop solid-state EV batteries

A GM and Honda partnership for solid-state storage would deepen their growing relationship

Tesla

Tesla notches record profit, sees big 2022 production gain

It delivered about 936,000 cars in 2021

W Motors Ghiath Smart Patrol Dubai Police

Dubai Police to get 400 W Motors Ghiath Smart Patrol vehicles in Dhs196m deal

The first batch of 10 vehicles have been handed over to the police force

Maserati will offer electric versions of all its cars by 2025

It recorded 41 per cent year-over-year growth last year with a total of 24,269 vehicles delivered worldwide

Formula 1 Lenovo

Formula 1 signs up Lenovo as official partner ahead of 2022 season

Lenovo’s hardware devices, as well as its high performance computing and server solutions will be integrated throughout the organisation’s operations

McLaren Emma Gilmour

Why Emma Gilmour has become a pathbreaker for women in motorsport

New Zealander Emma Gilmour has become the first woman to bag a driver’s role at McLaren Racing – and she’s doing so at the equally revolutionary Extreme E series

Fostering gender diversity drives greater business success and innovation

With the advancement in workplace culture, companies are taking note of the significant contributions of their female colleagues

Ford reorganises to run EV and engine businesses separately

The newly formed Ford Model e unit will scale up the automaker’s EV offerings

Polestar 2 UAE

Swedish electric car manufacturer Polestar enters UAE market

The first Polestar Destination in the UAE is scheduled to open in Dubai later this year