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Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Tesla knocked $2,000 off the prices of three of its five models in the U.S. Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models. Prices for the...
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CNG frowns over high prices, calls for sales of crude in naira to domestic refiners

CNG frowns over high prices, calls for sales of crude in naira to domestic refiners

The Coalition of Northern Groups (CNG) has expressed deep concern over the unjustified prices of goods and services in the market, despite the recent crash of the US dollar against the naira.  The pro-Northern group, in a statement signed by its National Coordinator, Comrade Jamilu Aliyu Charanchi, on Saturday, said subjecting Nigerians to high prices of commodities amid the present strength of the naira was not only uncalled for but unpatriotic.  “The CNG views this as an exploitation of th...
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Volkswagen, Xpeng expand electric vehicle partnership

Volkswagen, Xpeng expand electric vehicle partnership

Volkswagen, Xpeng expand electric vehicle partnership. Credit: Volkswagen Group Volkswagen and Xpeng Motors have inked a deal to develop a high-performance electrical/electronic architecture that will underpin upcoming China-made, VW-branded models starting 2026, the companies said on Wednesday. The agreement is an expansion of a partnership that kicked off last year with a focus on the development of two new VW models featuring Xpeng’s autonomous driving capabilities scheduled for launch in 2...
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VinFast to Attend Montreal Electric Vehicle Show 2024

VinFast to Attend Montreal Electric Vehicle Show 2024

Author of the article: Published Apr 15, 2024  •  2 minute read MONTREAL — VinFast Auto (Nasdaq: VFS) announces its participation in the Montreal Electric Vehicle Show (MEVS) 2024, from April 19-21, 2024. In its second appearance at MEVS, VinFast will continue to demonstrate its long-term commitment to promoting the green transportation revolution in Canada and around the world. VinFast will be located at booth number 580, in Montreal Olympic Stadium. Here, visitors will be able to experie...
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NNPCL, NIPCO Partner to Expand CNG Network

NNPCL, NIPCO Partner to Expand CNG Network

NNPCL, NIPCO Partner to Expand CNG Network NIPCO Gas Limited has partnered with the Nigeria National Petroleum Company Limited to expand the AutoCNG infrastructure nationwide by providing an alternative fuel option for motorists. The Managing Director, NIPCO Gas, Nagendra Verma, announced this on Sunday while giving an update on the company’s efforts in growing use of gas as vehicular fuel across the nation and its pipelines expansion projects in Lagos. According to him, the company has been a...
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NIPCO to complete four new CNG stations in May

NIPCO to complete four new CNG stations in May

By Sulaimon Salau  14 April 2024   |   3:11 am NIPCO Gas is taking auto gas closer to Nigerians, as it plans to launch four new Compressed Natural Gas (CNG) stations in Lagos between April and May this year. NIPCO Gas is taking auto gas closer to Nigerians, as it plans to launch four new Compressed Natural Gas (CNG) stations in Lagos between April and May this year.     Similarly, NIPCO Gas presently operates 15 AutoCNG stations across Nigeria and vehicles from Lagos can travel up to Abuja...
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Northern groups flay NEF for ‘regretting voting’ Tinubu

Northern groups flay NEF for ‘regretting voting’ Tinubu

By Chijioke Kingsley Abuja (Sundiata Post) – The Coalition of Concerned Northern Groups, CCNG, has expressed concern over the Northern Elders Forum’s statement that it will not vote for President Bola Tinubu in 2027. CCNG described the statement “as wrongly depicting the government of President Bola Tinubu.” The president of the group, Muhammad Ibrahim, said in a statement issued on Saturday: “The Coalition of Concerned Northern Groups (CCNG) finds it pertinent to respond to the recent...
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Ford looks to convert Tesla owners with ‘Conquest Bonus Cash,’ offering $1,500 rebates for F-150 Lightning and Mustang Mach-E electric vehicles

Ford looks to convert Tesla owners with ‘Conquest Bonus Cash,’ offering $1,500 rebates for F-150 Lightning and Mustang Mach-E electric vehicles

The market for electric vehicles has slowed down recently, and Ford is taking aim at the top EV maker, offering a special rebate to lure Tesla owners. A new Ford incentive dubbed the “Tesla Competitive Conquest Bonus Cash” offers existing Tesla owners an additional $1,500 off the price of a new Ford F-150 Lightning electric pickup truck, Ford Authority reported on Thursday. A Ford source confirmed the rebate to Yahoo Finance, which added that it also applies to the Mustang Mach-E electric S...
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Forget Rivian, Buy This Magnificent Electric Vehicle Stock Instead

Forget Rivian, Buy This Magnificent Electric Vehicle Stock Instead

With its monumental initial public offering (IPO) in November 2021, Rivian (NASDAQ: RIVN) arrived on the electric vehicle (EV) scene with a bang. As the largest IPO for an American company since Meta in 2014, Rivian raised a whopping $12 billion. But since its public debut, things have been a little rough. In an industry that is growing more competitive by the year, Rivian has been confronted with challenge after challenge and continues to struggle to gain its footing. For this reason, and a han...
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U.S. Senator Pushes for Ban on Chinese Electric Vehicles

U.S. Senator Pushes for Ban on Chinese Electric Vehicles

ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Apr 12, 2024, 2:00 PM CDT Senator Brown argues that Chinese EVs subsidized by the government pose an existential threat to the American auto industry and national security. He expresses concerns about unfair competition, potential job losses, and risks associated with data access by the Chinese government. Senator Brown urges Biden to take bold action and...
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