SUV

Fisker Inc. Announces Preliminary Q4 and Full Year 2023 Results*

Retrieved on: 
Thursday, February 29, 2024

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • As a result, we pivoted to a new Dealer Partner model at the end of 2023 and announced this strategic shift in early January 2024.
  • We still must prove that this model works, as it goes against the approach taken by other independent EV start-ups.
  • Fisker is projecting the total of these items to be within a range of $320 million to $390 million1.

Fisker Signs Additional US Dealer Partners in New York State, Florida, and Indiana

Retrieved on: 
Wednesday, February 28, 2024

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today it has signed two new dealer partners in the US.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today it has signed two new dealer partners in the US.
  • Dealers joining the Dealer Partnership program are Bul Auto Sales, which plans to open Fisker Albany in New York state and Fisker Jacksonville in Florida; and Karma Indy, which intends to open Fisker Indianapolis in Indiana.
  • (Photo: Fisker Inc.)
    Dealers joining the Dealer Partnership program are Bul Auto Sales, which plans to open Fisker Albany in New York state and Fisker Jacksonville in Florida; and Karma Indy, which intends to open Fisker Indianapolis in Indiana.
  • The transition to dealer partners aligns with Fisker’s asset light business model, which enables the company to significantly scale for Fisker Ocean deliveries and higher volume production of additional future models.

Polestar secures USD 1 billion external funding; business outlook confirmed

Retrieved on: 
Wednesday, February 28, 2024

Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding.

Key Points: 
  • Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding.
  • View the full release here: https://www.businesswire.com/news/home/20240228093729/en/
    Polestar lineup including Polestar 2, Polestar 3, Polestar 4, Polestar 5.
  • Finally, in addition to the secured USD 950 million in external funding, the recently announced new shareholder structure in Polestar provides a solid basis for the brand’s further business development.
  • Polestar management will hold a live audio webcast tomorrow, February 29, 2024 at 08:00 ET (14:00 CET) to discuss the Company’s business and outlook update.

Global and China Passenger Car Intelligent Steering Industry Report 2023: Suppliers and OEMs Quicken their Pace of Deploying Steer-by-Wire, with More Production Models - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 27, 2024

The "Passenger Car Intelligent Steering Industry Report, 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Passenger Car Intelligent Steering Industry Report, 2023" report has been added to ResearchAndMarkets.com's offering.
  • Passenger Car Intelligent Steering Industry Report, 2023 combs through and studies the status quo of passenger car intelligent steering and the product layout of OEMs, suppliers, and supply chains, and predicts the future development trends of passenger car intelligent steering.
  • From 2020 to 2023, the penetration of EPS in the Chinese passenger car market remained at a high level.
  • Suppliers and OEMs quicken their pace of deploying steer-by-wire, with more production models.

First Look: All-New 2025 INFINITI QX80

Retrieved on: 
Tuesday, February 27, 2024

The all-new 2025 INFINITI QX80 is set to boldly shake up the full-size luxury SUV segment when it is revealed next month.

Key Points: 
  • The all-new 2025 INFINITI QX80 is set to boldly shake up the full-size luxury SUV segment when it is revealed next month.
  • View the full release here: https://www.businesswire.com/news/home/20240227285482/en/
    The all-new 2025 INFINITI QX80 is set to boldly shake up the full-size luxury SUV segment when it is revealed next month.
  • “But, we feel the all-new QX80 is too extraordinary to keep completely hidden.”
    The all-new 2025 INFINITI QX80 will be revealed March 20 starting at 7 p.m. EST on a livestream, which will be shared closer to the reveal date.
  • Stay tuned for additional episodes in the series for previews of the all-new 2025 INFINITI QX80.

BYD Set to Challenge Tesla for the Crown in EV Sales in 2024, Says TrendForce

Retrieved on: 
Tuesday, February 20, 2024

TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.

Key Points: 
  • TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.
  • However, growth is slowing down due to a high base effect, and limited sales growth in other regions cannot compensate for the gap left by the Chinese market.
  • In 2023, Tesla continues to lead BEV rankings with a 19.9% market share, closely followed by BYD, which narrowed the sales gap with Tesla to 248,000 units.
  • TrendForce believes that BYD has the potential to challenge Tesla’s dominance in the BEV market this year.

Hyundai Celebrates International Women's Day with Kick Off of Fifth Annual Women in STEM Scholarship Program

Retrieved on: 
Friday, March 8, 2024

FOUNTAIN VALLEY, Calif., March 8, 2024 /PRNewswire/ -- In celebration of International Women's Day, Hyundai Motor America has opened applications for its fifth annual Hyundai Women in STEM Scholarship.

Key Points: 
  • FOUNTAIN VALLEY, Calif., March 8, 2024 /PRNewswire/ -- In celebration of International Women's Day, Hyundai Motor America has opened applications for its fifth annual Hyundai Women in STEM Scholarship.
  • In September, five female STEM students will receive a scholarship in the amount of $10,000 each.
  • Since launching the scholarship in 2020, Hyundai has provided $250,000 to the next generation of women leaders, helping to close the gender gap in STEM fields such as engineering, mobility and autonomous driving.
  • "Hyundai is dedicated to making a richer journey possible for all," said Angela Zepeda, chief marketing officer, Hyundai Motor America.

Hyundai IONIQ 5 Named Among List of 2024 PARENTS Best Family Cars Awards

Retrieved on: 
Wednesday, March 6, 2024

With its long rangei and ultra-fast 800-volt/350kWii charging capability, IONIQ 5 seamlessly aligns with today's modern family life

Key Points: 
  • With its long rangei and ultra-fast 800-volt/350kWii charging capability, IONIQ 5 seamlessly aligns with today's modern family life
    FOUNTAIN VALLEY, Calif., March 6, 2024 /PRNewswire/ -- PARENTS has named the Hyundai IONIQ 5 as the Best Electric 5 Passenger SUV for Families in their 2024 Best Family Cars Awards .
  • The group conducted a thorough evaluation of over 140 cars and SUVs across 22 categories to determine the list of the Best Family Cars for 2024.
  • "We're extremely proud that the Hyundai IONIQ 5 has been recognized as PARENTS' Best Electric 5 Passenger SUV for Families this year," said Ricky Lao, director, product planning, Hyundai Motor North America.
  • Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision.

2024 KIA TELLURIDE EARNS IIHS TOP SAFETY PICK PLUS AWARD; SPORTAGE RECEIVES IIHS TOP SAFETY PICK DESIGNATION

Retrieved on: 
Tuesday, March 5, 2024

IRVINE, Calif., March 5, 2024 /PRNewswire/ -- The 2024 Kia Telluride has achieved the Insurance Institute for Highway Safety's (IIHS) TOP SAFETY PICK+ (TSP+) rating, while the 2024 Sportage earned the TOP SAFETY PICK (TSP) rating. According to the IIHS, the two SUVs were deemed as "offering the highest level of protection for both vehicle and occupants and vulnerable road users."

Key Points: 
  • Telluride secures highest honor from IIHS for second consecutive year, maintaining TSP+ designation earned in 2023
    IRVINE, Calif., March 5, 2024 /PRNewswire/ -- The 2024 Kia Telluride has achieved the Insurance Institute for Highway Safety's (IIHS) TOP SAFETY PICK+ (TSP+) rating, while the 2024 Sportage earned the TOP SAFETY PICK (TSP) rating.
  • The original moderate overlap test still requires a "good" rating for the TSP designation.
  • "Safety remains one of our top priorities and we're dedicated to driving continuous advancements in this critical area every day as we proved with 2024 Telluride!"
  • The 2024 Telluride SUV continues to be a head-turner with its bold and sophisticated appearance, and spacious three-row cabin that comfortably accommodates up to eight passengers.

Automotive Telematics Market worth USD 16.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, March 5, 2024

Although Asia-Pacific leads the automotive telematics market owing to a higher volume of passenger cars, the European and North American markets hold a higher penetration of telematics unit fitment.

Key Points: 
  • Although Asia-Pacific leads the automotive telematics market owing to a higher volume of passenger cars, the European and North American markets hold a higher penetration of telematics unit fitment.
  • OEMs like Volkswagen, Ford, Mercedes-Benz, Audi, and BMW offer telematics units as a standard or optional feature in these regions.
  • Insurance-based assessment services are projected to become a prominent telematics service market by the end of 2030 as they offer several benefits over standard insurance.
  • Hence, the increasing adoption of automotive telematics would prompt the market growth of insurance-based assessment services in the coming years.