Chinese smartphone giant Xiaomi officially unveiled its first electric car yesterday at a launch event in Beijing, while declaring its big ambitions to rival Tesla and Porsche and become a top automaker within the next two decades.
The SU7, which we’ve previously covered, signals the transition of the Chinese electronics giant to brave new ventures, and its billionaire cofounder Lei Jun is…
Quick Charge Podcast: December 27, 2023
December 29, 2023
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on…
Chevy Bolt EV is still available to lease for $299/mo before production ends in January
December 29, 2023
Although GM is ending production of the Chevy Bolt EV (for now), it’s still available as one of the most affordable EVs on the market. The 2023 Chevy Bolt EV is available to lease for $299 per month, but you will have to act fast.
GM’s CEO Mary Barra revealed in April…
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value
December 29, 2023
Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November.
Blast’s TVL Hits $1 Billion
Initially, on Nov. 22, 2023, Blast’s value locked was recorded at $89.59 million, but as of today, it has surged to $1.135 billion. Currently…
Elon Musk Criticizes NFTs, Gives Nod to Inscriptions: 'At Least Encode the Jpeg on the Blockchain'
December 29, 2023
Elon Musk, the chairman of X, has referred to non-fungible tokens (NFTs) and the defects of their implementation, indirectly making the case for inscriptions. Answering a post on X on the topic of NFTs, Musk suggested saving the jpeg (an image format) of the NFT on the…
Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates
December 29, 2023
An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s…
Nasdaq-listed Microstrategy has bought 14,620 more bitcoin for approximately $615.7 million. The latest purchase raised the company’s cryptocurrency holdings to 189,150 bitcoin, acquired for about $5.9 billion at an average price of $31,168 per coin. Microstrategy’s executive chairman, Michael Saylor, believes that spot bitcoin exchange-traded funds (ETFs) “may be the biggest development on…
Bit.Store Makes a Leap in Crypto Accessibility with its Launch on Binance Mini Program
December 28, 2023
PRESS RELEASE. Vilnius, December 27th 2023 – Bit.Store, a web3 crypto card issuing infrastructure, is thrilled to announce its latest venture – the launch of Bit.Store on the Binance Mini Program. This strategic move marks a significant milestone in Bit.Store’s mission…
Solana's Dex Platforms Eclipse Ethereum in Weekly Trade Volumes
December 28, 2023
Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282…
LG Chem is building a $3B EV battery cathode factory – the largest in the US [Update]
December 28, 2023
LG Chem is building a $3 billion battery cathode factory for electric vehicles in Tennessee – here’s the latest.
December 27: The groundbreaking ceremony took place last week for LG Chem’s battery cathode factory. Some of the company’s original plans have changed since I last reported on this announcement.
The factory was initially supposed to break ground in Q1 2023 and start mass…
