Technology News

Zhejiang Geely Holding Group launched its first electric vehicle-focused platform on Wednesday, aimed at rolling out a variety of models more efficiently for both the Chinese automaker and its partners.

The energy in the two ID.4 1st models is stored in a battery with net energy content of 77kWh. It weighs 493 kilograms and achieves a range of up to 520 km.

Tesla Inc faced a stock market reality check on Wednesday after a much hyped "Battery Day" event which Wall Street analysts judged chiefly for its omissions and hazy delivery deadlines. Investors had expected two big announcements from Chief Executive Officer Elon Musk: the development of a "million mile" battery good for 10 years or more, and a specific cost reduction target - expressed in dollars per kilowatt-hour - that would finally drop the price of an electric vehicle below that of a gasoline car.

Using the technology, an automotive company can deploy lifelike models of cars to the user remotely by just using QR codes.

Honda's virtual showroom enhances customers' field of vision and perspective with its 360-degree view of both the virtual space and the car that they are looking at.

Tesla is calling these batteries the 4860 cells and they will be five times more efficient and six times more powerful.

This comes after Musk revealed plans to develop a smaller Tesla hatchback in China.

Investors slashed $50 billion from Tesla Inc's market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years.