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Lucid

Lucid pledges to reach 10,000-EV target this year; shares rise

The company’s shares jumped more than 5 per cent in post-market trading

Tesla appoints Vaibhav Taneja as CFO

Tesla names Indian-origin executive Vaibhav Taneja as CFO

He succeeds Zachary Kirkhorn, who stepped down from the post after working for the electric vehicle maker for 13 years

Neweast to set up auto parts hub in Jafza Image Jafza/ DP World

Neweast to establish Dhs500m auto parts distribution hub in Jafza

Neweast’s strategic hub in Jafza will support order fulfillment and delivery in the region for more than 160 premium aftermarket brands

The new Land Rover Defender 130 surfs the dunes

The beast can go from zero to 100 km/h in 6.6 seconds, and that’s just one of the things we love about it

Porsche seeks partners for $3.3bn EV battery plant

The luxury-car maker is considering locations close to Germany, the US and Canada

Dubai Police's Bentley

Dubai Police adds Bentley Continental GT-V8 to patrol fleet

Dubai Police first inducted a Bentley into its fleet over a decade ago and has since inducted other supercars

Electric Vehicle charging

UAE outlines its National Electric Vehicles Policy

The policy will serve as a regulatory framework to align the standards for the infrastructure of electric vehicles in the country

electric car

Oil is hard to quit, even in Norway where electric cars rule the road

The International Energy Agency says the rest of the world is going the way of the electric car, bringing peak oil demand before the end of the decade

licence

WeRide receives UAE’s first self-driving licence

The licence will allow WeRide to conduct various road testing exercises and autonomous driving operations across the UAE

insurance

Minor fender bender? That will be $42,000, please

Vehicle owners should brace for their car insurance premiums and repair bills to remain high

718 Cayman GT4 RS Porsche

Is the Porsche 718 Cayman GT4 RS worth the hype?

We get behind the wheel to find out

Aston Martin partners with EV maker Lucid

Aston Martin partners with EV maker Lucid, extends Mercedes pact

The British automaker will issue new shares to Lucid and make cash payments totalling $232m in exchange for battery-electric powertrain components

Nio

Abu Dhabi to take 7% stake in Chinese electric vehicle maker Nio

CYVN Holdings, an investment entity controlled by Abu Dhabi, agreed to buy about 85 million newly issued Class A shares for $738.5m in cash, or $8.72 apiece

Valeo and ADDED mobility deal

ADDED inks deal with Valeo to boost Abu Dhabi’s automotive sector

The deal is expected to enhance smart and sustainable mobility in Abu Dhabi, and contribute to the development of the city’s transport sector

Renault

Renault-led concept car offers cyberattack protection

The system will be available with the future Renault 5, which is expected to go on sale next year

electric vehicles

RTA, Al Futtaim Automotive to deploy 360 hybrid, electric vehicles

The agreement includes the deployment of 250 electric vehicles, and 100 hybrid vehicles, in line with the UAE’s net zero by 2050 objective

Al-Futtaim Automotive leads $15 million funding round in revolutionary EV startup – River IMage Credit River

Al-Futtaim Automotive leads $15m funding round in Indian EV startup, River

Within a short span of two years since inception, River launched its first product ‘Indie’ an urban electric scooter to rave reviews last February

Saudi-backed Lucid Air sedan

Saudi-backed electric car maker Lucid plans to raise $3bn

The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital

EV Market

UAE’s EV market projected to grow by 27% annually over next six years

With more than 20 per cent of government car fleets running EVs since 2021, the UAE is leading the way towards the future of electric vehicles in the region

electric car

Global electric vehicle transformation project launched for the UAE

The launch of the Global EV Market is in line with the country’s objective to transition to net zero and set itself up as a global electric vehicle hub

Hyundai Group EV investment

Hyundai Motor, LG plan $4.3bn EV battery plant in US

Construction of the EV battery facility will start in the second half of 2023 and production will begin as early as the end of 2025

Ford Tesla

Ford taps Tesla superchargers in rare partnership

Ford’s next-generation vehicles, starting in 2025, will have the Tesla charging capability built in

Uber India

Uber to add 25,000 electric vehicles in India in green push

The ride-hailing company will launch EV Uber Green in June in Mumbai, Bengaluru and Delhi

RTA to auction special number plates. Image credit: RTA

RTA to auction premium car number plates soon: Check dates

The RTA will auction 350 number plates comprised of two-digit plates for vintage cars, and three, four and five-digit plates for private vehicles

the Artura

McLaren raises the ‘supercar’ bar with the Artura

From its all-new carbon fibre lightweight architecture and high-performance hybrid powertrain to its beautiful design and impressive interior – the McLaren Artura aims to impress

Speed Edition 12

Bentley unveils limited Speed Edition 12

The Speed Edition 12 package incorporates a range of distinctive design enhancements

Tesla

Tesla raises prices of S, X Models by $2,750 in China

The pricing of Model S sedan and Model X now start at CNY808,900 and CNY898,900, respectively

Hurtan Grand Albaycin

Hurtan Automoviles enters UAE market with its iconic Grand Albaycin

The Hurtan Grand Albaycin is a two-seater luxury convertible that features a classic design inspired from the 1950s and 1960s era

Model S

Tesla increases price of Model S, X in US after shares slump

The latest starting prices of both models are $87,490 and $97,490, respectively

Cars24

Interview: Abhinav Gupta, CEO – Gulf region at Cars24

Reports suggest that the UAE ranks eighth globally for readiness in the electric vehicles market and is expected to grow 30 per cent annually until 2028