Electric Cars News

The 20% hike in price comes less than two years after the company previously increased prices for the system in 2020.

Company plans to create new jobs in preparation for growth in demand for EVs

China has ambitious goals in promoting NEVs as part of efforts to curb air pollution and believes the industry has matured enough to be driven by demand rather than subsidies.

Three chip firms - Intel Corp's Mobileye, Qualcomm Inc and Nvidia Corp - have emerged from a raft of announcements at the Consumer Electronics Show in Las Vegas as the leaders in locking down the brains of self-driving cars for the next decade.

Link EV Electric Vehicles plans to build an assembly plant in the central Mexican state of Puebla with an investment of around $265 million.

In December, the National Highway Traffic Safety Administration (NHTSA) opened a preliminary evaluation into 2017-2022 Tesla Model 3, S, X, and Y vehicles over the vehicle's "Passenger Play" feature.

The announcements come amid scrutiny of Tesla's driver assistance system Autopilot, which handles some driving tasks and allows drivers to keep their hands off the wheel at times.

The 77.4-kWh battery pack replaces the 72.6 kWh battery pack on the current model and sends power to all four wheels.