Author: john@provenroi.com
Zeekr, a Chinese electric vehicle manufacturer, is set to introduce its second electric shooting brake model to the European market in the second quarter of 2025. Known as the Zeekr 7GT in Europe, this sleek and stylish model is sure to capture the attention of wagon enthusiasts in the region. While pricing details have not yet been announced, it is expected to be higher than its $30,000 price tag in China. The Zeekr 7GT features a captivating design with a sporty and aerodynamic appearance. The front end of the vehicle closely resembles the Zeekr 007 sedan, but the longer roof…
Wedbush analyst Dan Ives has raised Tesla’s price target to $550, up from $515, citing strong confidence in the company’s growth potential through 2025. The firm also maintains a bullish case price target of $650. Ives expressed optimism for Tesla’s autonomous and AI initiatives, noting that regulatory support under the Trump administration could be a “game changer” for the company. He believes that Tesla’s autonomous vision will align with robust vehicle delivery demand, particularly in the Chinese market, which could potentially lead to a $2 trillion market cap by 2025. Tesla recently unveiled a new Model Y in China, which…
The Michigan State Police Acquires First Electric Patrol Vehicle The Michigan State Police (MSP) has recently added its first electric patrol vehicle to its fleet, joining a growing trend among police departments to integrate electric vehicles into their operations. The vehicle in question is a modified 2024 Ford Mustang Mach-E, specifically customized for police use. It has been assigned to the MSP’s State Security Operations Section to be utilized by properties security officers at state-owned and leased facilities in and around Lansing, Michigan’s capital. The Michigan State Police has a reputation for rigorously testing all new police vehicles, and has…
After years of legal battles and public spats, JPMorgan Chase CEO Jamie Dimon and Tesla CEO Elon Musk have finally put their differences aside. In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Dimon confirmed that he and Musk have reconciled and even “hugged it out.” The feud between Musk and JPMorgan dates back to past lawsuits filed against each other. Musk testified in a Delaware court in 2023, stating that there was a very negative relationship between Tesla and JPMorgan. He even went on to say that JPMorgan “hates Tesla and me very much.” However,…
This pushback from the auto industry is a stark reminder that the transition to electric vehicles is not just a passing trend, but a significant shift that requires long-term commitment and investment. The industry recognizes that the future of transportation is electric, and they are willing to weather the initial financial challenges to remain competitive in the global market. It is also a testament to the progress that the United States has made in the EV space despite political rhetoric that may suggest otherwise. The growth of EV sales, the establishment of new manufacturing facilities, and the investment in battery…
Elon Musk’s recent gain of access to the White House has caused quite a stir in the political and tech worlds. After Donald Trump took office as the 47th President of the United States, he wasted no time in signing executive orders, one of which established the Department of Government Efficiency (D.O.G.E). This new department, led by Musk, has given him an official White House email and an office in the prestigious West Wing, granting him direct access to President Trump. Vivek Ramaswamy, who was initially chosen to co-lead D.O.G.E, decided to step down from his position to focus on…
Volvo’s popular electric crossover, the XC40 Recharge, is undergoing some changes for the 2025 model year in the United States. The vehicle will now be known as the Volvo EX40, aligning it with the naming convention of other electric models in Volvo’s lineup, such as the EX30 and EX90. The coupe-like C40 Recharge will also be renamed as the EC40, with plans to relaunch as a 2026 model. One of the major updates for the 2025 Volvo EX40 is the introduction of a larger battery. The Twin Motor versions of the crossover will now come equipped with an 82-kilowatt-hour pack,…
ATR, a renowned manufacturer of regional planes, is revolutionizing the in-flight experience by introducing high-speed internet connectivity to its ATR 72 aircraft in collaboration with SpaceX’s Starlink. This development comes on the heels of the European Union Aviation Safety Agency (EASA) granting approval for the system following successful testing. Daniel Cuchet, Senior Vice President of Engineering at ATR, expressed excitement about the partnership, stating, “Starlink opens up a new era for ATR, offering unparalleled levels of comfort and passenger experience. This achievement demonstrates our dedication to staying ahead of the curve and responding to the latest travel trends.” Air New…
Struggling Electric Vehicle Startup Canoo Files for Bankruptcy Canoo, a once-promising electric vehicle startup, has officially filed for Chapter 7 bankruptcy and ceased all operations. The decision was announced on Jan. 17 in the U.S. Bankruptcy Court for Delaware, marking the end of Canoo’s journey in the automotive industry. The bankruptcy filing comes after Canoo’s unsuccessful attempts to secure additional funding from a Department of Energy loan program and foreign investors. Despite going public four years ago and raising $600 million, the company faced challenges in developing and manufacturing new vehicles, leading to its search for alternative funding sources. Canoo…
The President of the Philippines, Ferdinand Marcos Jr., recently made a visit to the Tesla Center in Bonifacio Global City (BGC) in Taguig with hopes of persuading Tesla to consider building a gigafactory in the country. In a statement, the President expressed his enthusiasm for Tesla’s role in preparing the Filipino workforce for the global shift towards sustainable technologies. He stated, “Tesla is building a generation of Filipinos equipped to lead in the global shift towards sustainable technologies such as this… It is our fervent hope that Tesla might one day choose to manufacture its vehicles in the Philippines.” This…