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Tesla Announces New Electric Car “Redwood” For Mid-2025 Launch

Tesla has notified suppliers that it intends to begin manufacturing a new mass-market electric car named “Redwood” in mid-2025, according to four people familiar with the topic, the Guardian reported. Elon Musk, Tesla’s CEO, has long piqued fans’ and investors’ interest in affordable electric vehicles and self-driving robotaxis, which are likely to be built on […]

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Hyundai & Kia Predicts Sales Growth In 2024, Eying EV Boost

South Korea’s Hyundai Motor Co and affiliate Kia Corp forecast on Wednesday that their combined global sales will rise about 2 per cent in 2024, even as last year’s sales fell short of target. The duo sold 7.3 million vehicles in 2023, about 3 per cent less than their combined target of 7.52 million, largely […]

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