Li Shufu, the billionaire chairman of Geely Holding Group and the man who bought Volvo Cars from Ford for $1.8 billion in 2010, has arrived at a conclusion that many of his peers in the global automotive industry have been slower to reach: the world has too many car factories, and building more of them […]
On-road testing in Croatia’s capital is already underway using Pony.ai’s Gen-7 system on the Arcfox Alpha T5, a Chinese-manufactured robotaxi. Uber intends to invest in Verne. The three companies plan to scale to thousands of vehicles across Europe, but have declined to announce a commercial launch date. Mate Rimac built his reputation making electric hypercars […]
Sony Honda Mobility has discontinued both its AFEELA 1 sedan and an unnamed follow-up SUV, less than a year after opening a dedicated showroom in California. Honda’s sweeping EV retreat left the joint venture without the technical foundations it needed to build either car. Nine days after Sony Honda Mobility opened its AFEELA Studio and […]
