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☆ China’s Xiaomi joins the crowded EV race with ‘dream car’ to take on Tesla
▼ + stars: | 2024-03-28 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Xiaomi formally launched its much-anticipated electric car — the new Speed Ultra 7 (SU7) sedan — on Thursday night in Beijing. “Xiaomi wants to build a ‘dream car’ comparable to Porsche and Tesla,” he said on Weibo Wednesday. On Thursday, Xiaomi announced that prices for SU7 models would range from 215,900 yuan ($29,874) to 299,900 yuan ($41,497). Xiaomi’s SU7 has been on display in showrooms in 29 cities across mainland China since Monday, according to Lei. People look at Xiaomi's first electric vehicle SU7, displayed in a newly opened Xiaomi store in Beijing on March 25, 2024.

Persons: Hong Kong CNN — Xiaomi, Lei Jun, “ Xiaomi, ”, Xiaomi, SU7, Lei, Tingshu Wang, It’s Organizations: Hong Kong CNN, Porsche, Tesla, Weibo, Counterpoint Research, Reuters, Porsche Taycan, Tesla’s Locations: Hong Kong, Beijing, China, EVs

☆ Porsche unveils one of the fastest cars in the world, featuring a 1,000-horsepower ‘launch control’ button
▼ + stars: | 2024-03-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The electric 1,093-horsepower Taycan Turbo GT, coming to market this summer, has already set two race track speed record for an electric car. High horsepower numbers and eye-popping acceleration are more common among electric cars than gasoline-powered ones, especially since EVs can have multiple motors. This Turbo GT, a new version of the electric Porsche Taycan, features two motors. One, the standard Porsche Taycan Turbo GT, will be fast but reasonably comfortable for street driving. The Porsche Taycan Turbo GT with Weissach Package, though, will dispense with backseats and other comfort items to save weight.

Persons: Nordschleife Organizations: CNN, Porsche, Tesla, Toyota, Turbo, Taycan, Volkswagen Group Locations: Turkish

☆ Forget rust spots — handprints are the bigger headache for Tesla Cybertruck drivers
▼ + stars: | 2024-03-10 | by ( Erin Snodgrass | Grace Kay | ) www.businessinsider.com time to read: +9 min

Some Tesla Cybertruck owners noticed their new stainless steel vehicles have small rust specks. A few months after deliveries began, some members of a Cybertruck-owners forum started complaining about rust spots on the vehicle. After all, the Cybertruck is the first stainless steel vehicle to be produced since DMC made the stainless steel DeLorean and later halted production in 1982. The extra upkeep isn't entirely unexpected for experienced Tesla owners, many of whom have taken on the role of early adopters. If Tesla hits Musk's ambitious production targets for the Cybertruck, Tesla is likely to face less forgiving buyers, automotive analyst Ivan Drury told BI.

Persons: Tesla, —, You've, Donald Green, Wes Morrill, Elon Musk, Dennis Wang, didn't, Wang, Cybertruck, Morrill, Jay Larson, Larson, Win Cramer, we're, Cramer, Ivan Drury, Green Organizations: Service, Business, Facebook, DMC, DeLorean, YouTube, BI Locations: League City , Texas, Arizona, California

☆ I'm a car dealer who only sells electric cars. This is what everyone else is getting wrong — and the advice I give prospective EV buyers.
▼ + stars: | 2023-10-29 | by ( Alexa St. John | ) www.businessinsider.com time to read: +8 min

Alex Lawrence is the CEO and cofounder of an all-electric used car dealership in Utah. AdvertisementAdvertisementAlex Lawrence is a 49-year-old entrepreneur and the CEO of EVAuto, an all-electric used car dealership in Bountiful, Utah, which he co-founded in 2019. EVAuto sells a variety of electric cars, from Tesla to Porsche to Rivian. We wanted to be the largest seller of used electric vehicles in America. Now that they're going to be on the Supercharger network, that helps solve the charging problem.

Persons: Alex Lawrence, Alexa St, John, —, EVAuto, Price, I'm, I've, they've, they're, Lorenzo Di Cola, It's, you'll, We've, Tesla, it's, Tim Levin Organizations: Service, Porsche, Ford, Chevrolet, GMC, Plaid Locations: Utah, Bountiful , Utah, America, Italy

☆ Car insurance rates just had their biggest annual jump in 47 years. This is why
▼ + stars: | 2023-09-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

While that insurance is for a 2022 Porsche Taycan, even friends of his who drive lower-end models are paying more for car insurance, he told CNN. Yet he's seen his car insurance rates increase from $140 a month in 2020 to his current rate of $278 a month. Car insurance rates are increasing for a variety of reasonsTwo months ago, Nationwide notified Darnell Coates-Clark, 55, an EMT based in Baltimore, that he would be hit with a 33% increase in his car insurance. He acknowledged he doesn’t have “stellar credit,” which is known to impact car insurance rates. Darnell Coates-Clark saw his monthly car insurance rates double over the past two years.

Persons: Kyle Barone, Barone, didn’t, USAA, He’s, “, ”, hasn't, he's, haven’t, Darnell Coates, Clark, Coates, ’ ” Coates, hasn’t, Ryan Ankrom, Clark USAA, Andrew Femath, Stephen Crewdson, Hurricane Ian, Robert Passmore, Crewdson, ” Crewdson, Betsy Stella, Insurify, what’s, “ I’ve, “ I’m, I’ve Organizations: New, New York CNN, Volvo, CNN, Porsche Taycan, Norwegian Cruise Line, Kyle Barone Drivers, Sunshine State, Nationwide, P Global Market Intelligence, Casualty Insurance Association, National, Traffic Safety Administration Locations: New York, United States, Florida, Jacksonville , Florida, Tampa, Norwegian, Sunshine, Southwest Florida, Baltimore, Maryland, Hurricane

☆ Lamborghini hops on the EV trend, revealing its new all-electric Italian bull
▼ + stars: | 2023-08-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Lamborghini Lanzador is only a concept car for now, but the Italian supercar maker says it offers a preview of the brand’s very first fully electric model which will go into production in 2028. With no space needed for a gas engine — in a gas-powered Lamborghini sports car, it would be behind the seats — the Lanzador has small back seats. Other automakers, like Rimac and Automobili Pininfarina (which uses Rimac technology), already sell electric two-seat supercars costing millions of dollars. Porsche — which like Lamborghini is part of the Volkswagen Group — took a similar approach with its first EV. Lamborghini has committed to selling only “electrified vehicles,” meaning either plug-in hybrid or fully electric, by the end of 2024.

Persons: Lamborghini, It’s, Stephan Winkelmann, Winkelmann, Rimac, — Organizations: CNN, Lamborghini, luxe, Pininfarina, Porsche, Volkswagen Locations: Italian, Urus

☆ Most cars still cost more to charge than to fill up with gas
▼ + stars: | 2023-08-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

While charging and fueling trucks cost the same, other cars and their electric counterparts differ. It's not yet cheaper to charge some electric cars than to fuel them with gas, a new study suggests. It's not yet cheaper to charge many electric cars than it would be to fuel their gas-powered counterparts up with gas, a new study indicates. Trucks cost about the same to fuel and charge, while entry and midlevel cars and SUVs cost more to charge at home and in public than they do to fuel at a gas station, the group found. Luxury-segment EVs may cost less to charge at home than their gas counterparts would cost to fuel.

Persons: Kelley, that's, Kia Forte, it's, Bolt, Kia, Kia EV6 Organizations: Anderson Economic, Trucks, Ford Trucks, Ford, Chevrolet Silverado, GMC, Chevrolet, Nissan Versa, Hyundai, Nissan, Mercedes, Benz, Lexus, Porsche Macan, Porsche, Volkswagen, Nissan Altima, Subaru

☆ Formula E's Hughes sets indoor world speed record
▼ + stars: | 2023-07-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, July 28 (Reuters) - British Formula E driver Jake Hughes has smashed a world indoor speed record by hitting 218.71kph (135.9mph) inside London's ExCeL Centre in a modified version of the electric championship's Gen3 racecar. NEOM McLaren driver Hughes, who had three practice runs before his record attempt, warmed up with a run of 214.80kph before further runs of 215.05 and 217.65 through the speed trap. His record attempt was then clocked at 217.65kph. "I felt like I’ve never wanted anything more in my life than having a world record," he added. "It’s all about showcasing the potential of what an electric racing car can do," he told Reuters.

Persons: Jake Hughes, 218.71kph, Lucas di Grassi, Leh, NEOM McLaren, Hughes, Di Grassi, Briton, I’ve, Jeff Dodds, Alan Baldwin, Pritha Sarkar Organizations: Reuters, Porsche, New, New Orleans Convention, Guinness World Records, Mahindra, Thomson Locations: Docklands, U.S, New Orleans, 216.87kph

☆ Tesla Model S beats Porsche to reclaim fastest lap for a production EV at Nürburgring
▼ + stars: | 2023-06-04 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

The Tesla Model S reclaimed the lap record for a production electric vehicle at Nürburgring. That beat the previous record set last year by the Porsche Taycan Turbo S by more than 8 seconds. The Tesla Model S beat Porsche to reclaim the lap record for a production electric vehicle at the famed Nürburgring track in Germany. On Friday, the Model S that set the new lap record hit speeds as high as 179.5 miles per hour. In 2021, he said on Joe Rogan's podcast that the Model S eventually could get under the 7-minute mark.

Persons: Elon Musk, Tesla, Joe Rogan's Organizations: Tesla, EV, Porsche, Plaid, Model Locations: Germany, Nürburgring

☆ I drove the $180,000 Lucid Air. It solved my EV range anxiety and charged faster than I've ever seen.
▼ + stars: | 2023-05-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

I drove the Lucid Air Grand Touring Performance, a $180,000 electric sedan. The Lucid Air Grand Touring Performance. The Lucid Air Grand Touring Performance. The Lucid Air Grand Touring Performance. The Lucid Air Grand Touring Performance.

☆ After testing more than 25 electric cars, these 5 were the most fun to drive
▼ + stars: | 2023-04-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

The electric Hummer, Porsche Taycan, Rivian R1T, and Pininfarina Battista are each a blast for different reasons. Kia EV6 GTThe 2023 Kia EV6 GT. Tim Levin/InsiderWarn your passengers to brace themselves before pinning it in Kia's new EV6 GT. The 2023 Kia EV6 GT. Porsche TaycanThe 2022 Porsche Taycan Cross Turismo Turbo S. Tim Levin/InsiderPorsches are renowned for their superior driving dynamics.

☆ Used Teslas are holding their value better than other cars despite Elon Musk's price cuts
▼ + stars: | 2023-04-26 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +5 min

Used Tesla Model 3 and Model Ys aren't depreciating substantially, a new study says. Elon Musk's price-cutting frenzy at Tesla doesn't appear to be impacting the company's impressive resale values, according to new data released this week. Slightly more used EVs are being priced just below $25,000 in recent months in order for customers to get the used credit. In September of last year, Tesla made up for roughly two-thirds of the used EV market. This prevents Teslas from flooding the used car market and gives the company more control over its own resale market.

☆ After driving 25 electric vehicles, these are my 7 favorites
▼ + stars: | 2023-04-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I've tested 25 electric cars from Tesla, Mercedes, Hyundai, Ford, and more. Picking an absolute favorite is tough, since I've had so many memorable experiences with so many interesting vehicles. Pininfarina BattistaThe Pininfarina Battista. The Battista has four motors (most electric cars have one or two) and cranks out a certifiably bonkers 1,900 horsepower. The Pininfarina Battista.

☆ Elon Musk calls Bill Gates' understanding of AI 'limited'
▼ + stars: | 2023-03-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk called Bill Gates' understanding of AI "limited" in a tweet on Monday. Gates wrote a seven-page letter about the potential of AI last week. "I remember the early meetings with Gates," Musk tweeted. In a blog post published last week, Gates wrote about how AI could transform the workforce, healthcare, and education. (Gates left Microsoft's board in 2020 after stepping down as CEO in 2000.)

☆ From a road-trip disaster to a face-melting rip in the world's quickest supercar, these are my biggest lessons from driving 20 electric cars
▼ + stars: | 2023-02-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I've tested 20 electric cars, SUVs, and pickup trucks from Tesla, Ford, Porsche, Polestar, and more. But electric cars are quick, convenient, fun to drive, and quiet. Hours behind the wheel taught me some important lessons about range, charging, and our electric future. Charging can be more convenient than getting gasRecharging an electric car takes a whole lot longer than filling up on gas. The best ones offer spacious interiors and clever storageToday's electric cars typically use what's known as a skateboard platform, which is basically what it sounds like.

☆ Bill Gates says Elon Musk's ambition to colonize Mars is not a good use of money
▼ + stars: | 2023-02-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Bill Gates questioned whether Elon Musk's current priorities would make him a good philanthropist, taking issue with his fellow billionaire's ambition to send people to Mars. Gates responded saying he doesn't think Musk is one currently but that this may change in future. Asked by BBC journalist Amol Rajan if going to Mars was a good use of money, Gates said: "Not in my view." In April, Musk said he asked Gates if he was short-selling Tesla — in other words, betting that the price of the electric carmaker's stock would fall. In a Bloomberg interview also in February 2021, Gates said that he wished he had "been more on the long side" of Tesla when asked about Musk's claims.

☆ 2023 Kia EV6 GT: Fast, Furious, Almost as Good as Tesla
▼ + stars: | 2023-01-06 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

NEED FOR SPEED The performance-enabled version of Kia’s EV6 is the 2023 EV6 GT, with an available 576 hp and 545 lb-ft entrained in the dual-motor all-wheel drive system. Car and Driver recorded 0-60 mph acceleration in 3.2 seconds for the GT, which is quicker in their testing than the Porsche Taycan 4S or Ford Mustang Mach-E GT Performance. IF THERE IS one rule that people infallibly remember from driver’s ed, it’s that a yellow traffic light means “clear the intersection.” My wife, Tina, has a particularly expansive interpretation of “yellow,” I’ve noticed, exercising her right-of-way at intersections unto the last millisecond of amber, while I watch through my fingers. It’s for these moments, and drivers, that Kia has purposed the 2023 EV6 GT, a low-volume, time-dilating variant of the company’s chic electric crossover.

☆ I've driven 15 different electric cars this year — these are the 3 I'd buy (if I was rich)
▼ + stars: | 2022-12-30 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

My three favorites were the Hyundai Ioniq 5, Rivian R1S, and Porsche Taycan Cross Turismo. The Hyundai Ioniq 5The 2022 Hyundai Ioniq 5 Limited AWD. The Porsche Taycan Cross TurismoThe 2022 Porsche Taycan Cross Turismo Turbo S. Tim Levin/InsiderThe Taycan Cross Turismo is Porsche's totally badass electric station wagon. The Taycan Cross Turismo showed me why the German brand has been the poster child of impeccable driving dynamics for decades. The Taycan Cross Turismo starts at $97,700, $11,000 more than the regular Taycan sedan.

☆ I drove Mercedes-Benz's $141,000 Tesla rival. I loved its luxurious interior and extra-long range, but it's not perfect.
▼ + stars: | 2022-12-03 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Pro: Super luxurious interiorThe 2022 Mercedes-Benz EQS 580. Pro: A comfortable, silky-smooth rideThe 2022 Mercedes-Benz EQS 580. Con: Weird, mushy brakesThe 2022 Mercedes-Benz EQS 580. Pro: Rear-wheel steeringThe 2022 Mercedes-Benz EQS 580. Con: No front trunkThe 2022 Mercedes-Benz EQS 580.

☆ Facebook has announced layoffs. Here's which teams are likely to be affected.
▼ + stars: | 2022-11-09 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

But in the tech world: There's one thing we can't seem to escape — layoffs. Elon Musk's Twitter is asking some laid-off workers if they want to come back. Meanwhile, some tech workers who have been laid off are taking to TikTok to post "get ready with me" videos wherein they film themselves — you guessed it — getting ready to be laid off. According to people familiar with the company, divisions including marketing, partnerships, HR, and engineering will be among the hardest hit. Elon Musk is looking to rehire Twitter workers.

☆ I tested six-figure electric cars from Porsche and Mercedes. I'd buy one for its stunning quickness and the other for its opulent interior.
▼ + stars: | 2022-11-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

The $209,000 Taycan Turbo S Cross Turismo Porsche lent me is the highest-performance Taycan available and the hatchback edition. Tim Levin/InsiderThe Mercedes smacks you right in the face with a plush, spacious interior filled with leather and high-end materials. Tim Levin/InsiderThe Porsche also has a long list of luxurious options, but it gives off a sportier vibe. VerdictThe 2021 Porsche Taycan Turbo S Cross Turismo. Tim Levin/InsiderThe Taycan Turbo S blew me away with its ridiculous quickness and fantastic handling.

☆ The electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
▼ + stars: | 2022-10-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +9 min

If anyone still needs convincing that electric cars need not be boring appliances, the Battista is a convincing, if costly, argument. Electric power promises more acceleration and power without tailpipe emissions and, for better or worse, without the cacophony of a V12. But Lamborghini’s current CEO, Stephan Winkelmann, has said that a proper electric supercar isn’t possible with today’s technology. The Pininfarina Battista puts his skepticism to the test, but, I fear, Winkelmann may just be right. The Pininfarina Battista has a $2.2 million price tag and outrageous performance Andi HedrickThe fully electric Battista was designed and assembled by a company spun off from the better-known Pininfarina design firm that crafted bodies for decades’ worth of beautiful Ferraris.

☆ Cadillac's new $300,000 electric car comes with 5 screens, futuristic looks, and 300 miles of range — see the Celestiq
▼ + stars: | 2022-10-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq.

Of course we had a gut feeling - the feedback we got from investors was very positive," Blume said, speaking next to a Porsche Taycan parked outside the Frankfurt stock exchange. Register now for FREE unlimited access to Reuters.com RegisterPorsche AG's solid market debut came despite broadly weaker stock markets following red-hot German inflation data. In an interview with Reuters, Blume brushed aside concerns about his dual CEO role, saying it was not unusual to lead a brand and a company simultaneously. Looking forward, the sports car brand was focused on solving the last remaining software issues created by delays in the collaboration with Volkswagen's Cariad unit, setting out distinct strategies for Eastern and Western markets, Blume said. "I would not rule out that we would have technology that first arrives in the Chinese market and is then rolled out in other markets," he added.

☆ Demand for Porsche AG listing strong as retail investor subscription period begins
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA Porsche Taycan is displayed at a car show in Oslo, Norway, November 10, 2021. Indicated demand for the listing, due to take place on Sept. 29 at the Frankfurt Stock Exchange, exceeds the full deal size, the bookrunning said. It was too early for visibility on retail demand, they added. Total proceeds from the sale will be 18.1-19.5 billion euros and could help Volkswagen fund its electrification drive. Register now for FREE unlimited access to Reuters.com RegisterReporting by Matt Scuffham, Lucy Raitano in London, Victoria Waldersee in Berlin; Editing by Miranda Murray and Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.

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