Tesla’s Cybertruck Underperforms in US, But Will International Launch Be Different?
Tesla’s Cybertruck underperformed in the US due to higher prices and lower range than expected. However, the vehicle is expanding to international markets, with recent launches in South Korea and the Middle East. Deliveries will begin in the UAE, followed…
Middle East lagging in electric mobility helps avoid trial-and-error cost, say experts
The Middle East lags other regions when it comes to electric mobility, and this goes in its favour because the region doesn’t have to bear the cost of the trial-and-error phase that other regions faced over the decades, say industry…
Nissan Considers Significant Seduction In LEAF Production
Nissan Motor Co., Ltd. has significantly downgraded its production targets for the new LEAF electric vehicle (EV), Azernews reports, citing foreign media. Sources familiar with the situation revealed that delays in battery procurement have forced the automaker to cut its…
Saudi fintech start-up Tamara lands up to $2.4 billion financing deal
DUBAI (Reuters) -Saudi Arabian start-up Tamara has secured an up to $2.4 billion financing package from backers including Goldman Sachs, Citi, and Apollo funds that will help the fintech company expand its credit and payment products, it said on Monday….
Abu Dhabi rolls out driverless delivery vehicles
Abu Dhabi is getting futuristic – your next order might not be delivered by a driver at all, but by a robot. The emirate has just launched its first-ever trial of autonomous delivery vehicles, with the pilot project now rolling…
Nio Targets Top 3 in UAE’s Premium EV Market in 2-3 Years, Exec Says
Chinese carmaker Nio is aiming to be a top-3 brand in the premium EV segment in the United Arab Emirates within two to three years, according to Mohammed Maktari, chief executive of the company’s Middle East joint venture. The Shanghai-based…
Is BYD’s Super Hybrid solution the bridge to the Middle East’s EV transition?
Powerful pickups, backed by a loyal following that values them as both practical and aspirational, dominate the roads in a region where triple-digit temperatures define the climate. The shift toward electric mobility, however, faces many challenges. Lucas Bellieud, Managing Director…
Hyundai Battery Facility Experiences Startup Delay of 2-3 Months After US Raid, According to CEO
Hyundai Motor’s joint venture battery plant is anticipated to experience a startup delay of no less than two to three months, following a recent immigration enforcement operation, as stated by CEO Jose Munoz on Thursday. The facility, situated in Georgia…
Genesis targets Europe with GV60 Magma
On the 9th of last month (local time), a visit was made to the ‘Genesis Studio Munich’ located on Theatiner Strasse in Munich, Germany. At this 635-square-meter, two-story complex cultural space, the ‘Magma Theme’ event was being held until the…
Anna Tsenter Leads Forevo’s Landmark Launch in Dubai to Drive Green Mobility Transformation
In a landmark step toward enhancing sustainability and shaping the future of energy systems, Dubai witnessed the official launch of operations for Forevo, one of Europe’s and the world’s leading clean energy companies. At an exclusive press conference held at…