Bajaj Auto launched the Chetak 35 Series electric scooter in India, featuring extended wheelbase, 35-liter storage, and a 5-inch smart display. Available in two variants (3501 and 3502) priced at ₹1.27 lakh and ₹1.20 lakh (ex-showroom) respectively, it offers a 153 km range and several safety features. A third variant, 3503, is expected later.
Canoo Inc. (GOEV) is facing severe financial difficulties, leading to the furlough of 82 employees and temporary factory closures. The EV maker is actively seeking funding to stabilize its operations, but the situation remains precarious, impacting its stock price significantly.
NIO Inc. stock rose in premarket trading on news of its upcoming Firefly sub-brand launch and new images of its luxury ET9 sedan. Firefly, targeting young urban consumers with premium smart EVs, launched its WeChat account, mini-program, and app. The ET9, priced at RMB 800,000, will begin deliveries in Q1 2025. Both will be showcased at Nio Day 2024.
Tesla’s Cybercab, a gold, two-seater autonomous vehicle, was unveiled, creating a buzz with its futuristic design and $30,000 price tag. The car features butterfly doors and inductive charging, and is currently displayed at the Petersen Automotive Museum. Tesla aims for production before 2027.
Audi’s 2025 Q6 e-tron, an electric SUV rivaling the likes of the Cadillac Lyriq and Mercedes EQE, boasts impressive range, fast-charging capabilities, and a blend of familiar Audi design with modern EV features. While its handling may not be as sporty as expected, its acceleration and technological integration stand out. The Q6 e-tron offers a compelling option in the competitive electric luxury SUV market.
Lucid Motors’ Gravity SUV boasts an EPA-estimated range of up to 450 miles, surpassing its rival, the Tesla Model X, and signifying a significant step in the luxury electric SUV market. The announcement comes as Lucid expands its market reach and aims to challenge Tesla’s dominance.
Leaked information suggests Tesla is gearing up to launch a revolutionary sub-$30,000 Model Q hatchback EV in the first half of 2025. This affordable electric vehicle could significantly expand Tesla’s market reach and accelerate its growth trajectory.
The electric truck market is expanding, but high prices remain a barrier for many. The Telo MT1 aims to disrupt this, offering a compact electric truck with a starting price of just $41,000. While its design is unique and power less than some competitors, its affordability and innovative approach make it a compelling option.
Tesla is reportedly gearing up to launch its most affordable vehicle yet, the Model Q, priced below $30,000 after subsidies. Expected in the first half of 2025, this smaller, cost-effective EV could significantly boost Tesla’s growth.
Lucid Group has commenced production of its Gravity SUV, a three-row vehicle aiming to rival Tesla’s Model X and expand Lucid’s market reach. The move comes despite the company’s ongoing losses and a volatile stock price.
