Chinese EV maker Li Auto (LI) reported Q2 earnings, falling short of both Wall St. delivery targets and earnings estimates. The EV maker delivered 28,687 units of its flagship model, the Li ONE.
Perhaps, most importantly, is Li Auto’s guidance going forward. Li Auto noted in its Q2 earnings the automaker faced several pandemic-related challenges during the quarter.
Covid lockdowns in China…
Porsche is installing a solar panel microgrid, reducing CO2 emissions by an estimated 3.2 million lbs. per year
August 15, 2022
Porsche is announcing today a new partnership with Cherry Street Energy to build a microgrid solar panel microgrid at One Porsche Drive in Atlanta.
One Porsche Drive is home to Porsche Cars North America (PCNA) and the Porsche Experience Center Atlanta. Porsche expects…
We tested Tesla Full Self-Driving (FSD) Beta in the Blue Ridge Mountains in North Carolina, and it was a scary experience.
FSD Beta enables Tesla vehicles to drive autonomously to a destination entered in the car’s navigation system, but the driver needs to remain…
Tesla releases new picture of its upgraded supercomputer – one of the best in the world
August 15, 2022
Tesla has released a new picture of its upgraded supercomputer, which is now believed to be the seventh most powerful computer in the world by GPU.
For years now, Tesla has been teasing the development of a new supercomputer in-house optimized for neural net video training. Tesla is handling an incredible amount of video data from its fleet of over 1 million vehicles, which it uses to train its…
GreenPower reports several milestones in Q1 earnings, including first EV deliveries to Workhorse
August 15, 2022
Commercial EV maker, GreenPower Motor Company, released its fiscal Q1 earnings this morning, highlighting several key milestones achieved in the quarter. The first quarter shows GreenPower’s commercial EV platform is in high demand, with a large market…
Wind, solar provide 67% of new US electrical generating capacity in first half of 2022
August 15, 2022
Clean energy accounted for more than two-thirds of the new US electrical generating capacity added during the first six months of 2022, according to data recently released by the Federal Energy Regulatory Commission (FERC).
Wind (5,722 megawatts) and solar (3,895 MW)…
Biden will sign the Inflation Reduction Act tomorrow, Tuesday, August 16, which means TODAY is the last day to qualify for the “old” EV Tax credit.
The bill includes many improvements to make the tax credit easier and more available, but its philosophy focuses more on stimulating domestic production of electric cars than on stimulating demand.
The upshot of this is that the day the bill is…
VW, Mahindra partner in India and will debut 5 electric SUVs
August 15, 2022
Volkswagen (VW) and Indian automotive manufacturer Mahindra & Mahindra (M&M) announced today they are expanding their EV partnership to help India’s auto market transition to electric.
At the United Nations Glasgow Climate Change Conference (COP26), India…
Elon Musk reveals more details about Tesla Robot, sees people gifting it to elderly parents
August 15, 2022
Tesla CEO Elon Musk has revealed more details about Tesla Optimus, the company’s upcoming humanoid robot, and how he sees the product rolling out over the next decade.
Over the last few years, Musk has been getting quite cozy with the Chinese government.
In a country…
There are lightweight electric bikes and then there are really lightweight e-bikes. But the new Hummingbird Flax folding e-bike is even lighter than those. At just 22 lb. (10 kg), this plant-based e-bike isn’t just friendly to your back – it’s apparently vegan-friendly as well.
A plant-based e-bike?
The company says that the Hummingbird Flax is the lightest folding electric bike in the…
