Haomo's new funding is the first in the autonomous driving space after China’s Lunar New Year holiday, and one of the few large amounts raised in the space during the capital winter of the past couple of years.
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Hyundai's Genesis luxury brand is diluting a plan to go all-electric, according to a recent report from the Korean Economic Daily. In its 2021 "blueprints for electrification," Genesis laid out that all new vehicles for the brand from 2025 on would be either battery electric or hydrogen fuel cell—on the way to all-EV by 2030. But the brand...
The Biden administration may throttle back strict emissions rules in order to give automakers more time to ramp up EV sales, the New York Times reported earlier this week. Last April, the EPA unveiled proposed tailpipe emissions rules for model years 2027 to 2032. The agency estimated at the time that this would lead to 67% EV sales by 2032, not...