Automotive

Industry Roundup: Xpeng + VW, Rivian, Solectrac, Fisker, and Tesla

Solar tractors, big cup holders, and investigations — oh my! 🥤
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Industry Roundup: Xpeng + VW, Rivian, Solectrac, Fisker, and Tesla

Xpeng + VW

📉 Facing its most significant quarterly loss since its U.S. debut in 2020, Xpeng is set for a strategic overhaul. Expect cost-cutting measures targeting a 25% reduction in vehicle BOM costs by next year.

The bright side? A potential partnership and a $700M investment from Volkswagen could solidify Xpeng's market position by 2026.

Rollercoasters are supposed to be fun; this one is a drag. But, like most bad times, it may get better if the right friends come along. #metaphor

Cooking w/ Rivian

Rivian

🏕 A new patent from Rivian suggests an innovative Camp Kitchen for the R1S SUV.

Features? A retractable cooktop, storage drawers, and a water pump system. Camping enthusiasts, keep your fingers crossed; this could be more than just a concept!

We've heard cars are the next cell phone, but why stop there? #carhome

Tractor Triumph

🚜 Solectrac debuts an electric tractor rental program, allowing customers to experience the e25G - a versatile 25 HP electric tractor ideal for everything from farms to sports fields. Think about renting before you buy!

At least now you can hear "she thinks my tractor's sexy" over the sound of your tractor running.

Fisker Big Gulps

The Verge

🎉 Fisker dazzles with a vibrant EV range, including the captivating convertible 'Ronin' and the quirky 'Pear SUV' boasting the "Houdini Trunk" - a dream for tight parking spots.

Our only question: can that trunk also make our errands vanish? 🪄🚗💨

The Verge did a whole piece on the cup holder's size...and they were right. Look at that bad boy!

Investigations

Giphy/Nintendo
  1. GM's Cruise: After a recent robotaxi collision, California regulators are on the case, leading to a 50% reduction in Cruise's operational fleet.
  2. Ford Mach-E Recall: NHTSA is diving deep into Ford's Mach-E recall, with safety concerns lingering post-repair.
  3. Tesla's Steering Saga: NHTSA is investigating a whopping 280,000 Tesla vehicles over alleged steering control issues in the latest models.

Two steps forward, one heavily observed step back. 🕵️‍♀️

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