EV Maker Canoo Burns Thru Cash, Lands Walmart Deal

[Auto Styling News]

Canoo is yet another electric vehicle maker that is burning through cash and not producing many vehicles. Yet there is hope on the horizon for this company, which has just cut a deal with walmart, the world's biggest retailer, for 1,000 electric vehicles to use in a new delivery service.

Fortune reports: The push for the use of electric vehicles in the U.S. is ramping up. Especially in California as the state just put a ban on gas-burning cars by 2035. Tony Aquila, the CEO of Canoo, a public EV company, is certain he can compete with brands like Tesla. But there’s one hurdle—Canoo hasn’t yet generated any revenue. .

Indeed, Fortune reports that the company burned through $164 million in its second quarter this year
___________________________________
Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

Mercedes Launches Luxury EV For 2023

[Auto Styling News]

Mercedes-Benz is betting big on its full conversion to electric vehicles.

The company's ongoing dedication to performance is translated well in the 2023 Mercedes-Benz AMG EQE350+It's a mouthful to say, but a beautiful vehicle to behold.

The exterior design features one-bow lines and a cab-forward design. The black panel grille with chrome vertical struts and AMG lettering characterize the front view, while the side panels, rear bumper and spoiler give it a distinctly aerodynamic effect.

Mercedes-AMG vehicles have always thrilled with performance, and the all-electric EQE is no different. AMG-specific electric motors at the front and rear axles provide higher engine speeds and even more power, resulting in up to 677 horsepower and 738 lb-ft of torque (with the AMG DYNAMIC PLUS package). Variable all-wheel drive, rear axle steering, and AMG RIDE CONTROL+ with adaptive adjustable damping all help to translate that power to the pavement, maximizing agility and maneuverability. And to maintain the sensory experience of driving a Mercedes-AMG. 

The car is likely to price close to 100K in the US when it goes on sale later this year. But that hits both the EV market and Mercedes upscale AMG market quite nicely, pricewise.

Let's hope that sometime in the future the company has an entry level EV that looks similar to this and runs in the $35,000 range.

___________________________________
Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

Toyota Recalls All Electric Vehicles

 

Toyota Motor Corp in late June said it would recall 2,700 of its first mass-produced electric vehicles (EVs) for the global market because of a risk the wheels could come loose.

The world's largest automaker by sales submitted the recall of the bZ4X SUVs to Japan's transportation ministry. Of the 2,700 vehicles, 2,200 were earmarked for Europe, 260 for the United States, 10 for Canada and 110 for Japan, the company said.

The recall marks a remarkable failure not just for the Japanese company, which prides itself so much on quality, but for the electric market itself, which is undergoing stresses in light of the shortage of parts for electric vehicles due to supply chain issues related to the shutdowns during covid-19.

EV Maker Rivian Reports $1.7 billion 2nd Quarter Loss

[Auto Styling News]

EV automaker Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer orders.

The California-based SUV and truck maker said revenue for the quarter was about $364 million as it increased production and deliveries of its first three models. Rivian started manufacturing vehicles for the first time late last year.

___________________________________
Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

KIA Goes Electric With It's 2023 Niro

[Auto Styling News]

The "Sustainable mobility" 2023 Kia Niro is said to be by the Kia to be built to be  "accessible for everyone." the Second-generation Niro CUV comes in hybrid (HEV), plug-in hybrid (PHEV) and all-electric (EV) variants, further advancing Kia’s "Plan S" electrification initiative.

This all-new Kia Niro features a bold and dynamic design, featuring what the company calls it's ‘Opposites United’ design philosophy, and specifically its design philosophy, ‘Joy for Reason.' Let's just say that Korean car companies think differently than American car companies!

The design treatment allegedly takes its inspiration from nature, while the choice of colors, materials and finishes aim to strike a balance between an environmentally responsible approach to mobility and a future-oriented passenger car vision.

The side profile of the 2023 Kia Niro is accentuated by the Aero Blade, a highly distinctive shape that also aids airflow underneath. The Aero Blade can be painted in body color or in a variety

Dimensionally, the 2023 Niro retains a compact footprint but is surprisingly larger than the vehicle it replaces. The wheelbase increases to 107.1 inches, and overall length increases to 174 inches. Cargo capacity behind the rear seats increases to 22.8 cubic feet. And with 6.3 inches of ground clearance, Niro can easily handle urban activities. With these changes, Niro has 8 more cubic feet of passenger cabin room and 50 percent more cargo room than the Tesla Model 3.

Photos and text courtesy of Kia Motors

___________________________________
Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.