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Lotus has announced a significant update to its business. The automaker known for its sports cars is now only going electric with four new models, and two of them are electric SUVs. Since being acquired by Geely with a majority stake, the British automaker Lotus has announced an important electric transition. It introduced its first electric vehicle, the $2 million Evija hypercar, and it…

NIO began offering test drives yesterday to consumers in Norway of its ES8 electric SUV, ahead of deliveries to the Scandinavian country later this year. With early test drive reservations already locked up, Norwegians can now experience NIO’s flagship electric SUV on off-road terrain and on an airport tarmac. NIO ($NIO) is a publicly traded Chinese automaker founded in 2014. The company…