German electric vertical takeoff and landing (eVTOL) plane startup Lilium has obtained authorization from the European Union Aviation Safety Agency (EASA) that will allow it far greater flexibility and range in developing its future battery-powered air taxi toward certification.
Munich-based Lilium announced it had received the EASA’s Design Organization Approval for its continuing…
Hyundai to suspend operations at its main factory to bolster electric vehicle production
November 27, 2023
South Korea’s largest automaker, Hyundai Motor, is bolstering EV production despite rumors that the market is slowing. The automaker revealed plans to suspend operations at its main factory in South Korea as it shifts its focus toward EVs.
On Monday, Hyundai said it…
Report: Volkswagen's Scout brand taps Magna Steyr to develop its electric truck, SUV
November 27, 2023
A recent report out of Austria states that local contract manufacturer Magna Steyr has been chosen by Volkswagen’s new all-electric truck brand Scout, to develop the latter’s first wave of vehicles. The order is reportedly worth nearly $500 million – potentially Magna…
For years, the US electric motorcycle market was dominated by $20,000+ flagship models. While those bikes are still leading the pack, a new wave of lower-cost commuter electric motorcycles has expanded the market’s reach. The latest such bike, the Ryvid Anthem, has recently expanded its deliveries after production began earlier this year. And with a price tag under half of the major flagship…
Tesla Cybertrucks in showrooms attract large crowds
November 27, 2023
Tesla has populated its showrooms with Cybertruck units ahead of the launch and it was successful in attracting crowds.
Last week, we reported that Tesla has started to bring early Cybertruck vehicles to showrooms around the US.
At the time, they were only in two stores…
Auto emissions *could* have dropped by 30%, but SUVs ruined it for everyone: Report
November 27, 2023
A new report gives us a glimpse of what our world could look like if there weren’t so many big, hulking SUVs cruising around. Because of the rise in electric vehicles, carbon emissions from automobiles could have dropped by more than 30% over the past 10 years, except they…
More drama is unfolding as the dispute between Swedish unions and Tesla now involves a supplier strike of critical components for the Model Y, where workers have reportedly set down their tools in support of the IF Metall supplier strike. They said they won’t be showing up for work, or will be given non-Tesla-related tasks, until further notice.
Now around 50 workers at Hydro Extrusions in…
Kawasaki’s upcoming new electric motorcycles are set to help the brand usher in the future of motorcycling. This month, we got the chance to check them out in person and take a closer look at the Kawasaki Ninja e-1 and Z e-1 models.
Both models were on display at the 2023…
7-Day Crypto Snapshot: BLUR, APE, KLAY, and MINA Lead This Week's Market Rallies – Markets and Prices Bitcoin News
November 27, 2023
In the last week, bitcoin experienced a modest increase of 2.7% against the U.S. dollar, while ethereum saw a rise of 6.5%. Concurrently, a range of other cryptocurrencies registered significant double-digit advances, notably the non-fungible token (NFT) marketplace Blur’s…
Former NYSE President: Money Will Flood Into Crypto Industry With Spot Bitcoin ETFs – Markets and Prices Bitcoin News
November 27, 2023
Former NYSE President Tom Farley expects money to “flood” into the crypto industry when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “It’s just easier to buy. People believe in bitcoin,” he emphasized, adding that the cryptocurrency “is a great invention.”
‘Money Will Flood Into the Industry’
Former New York Stock Exchange…
