Nikola and GM team up to make this 900-horsepower super electric truck

8th September 2020

"Nikola and GM are teaming up to take on Tesla’s cybertruck."

Nikola (NKLA) and GM (GM) are teaming up to take on Tesla’s cyber truck.

The electric truck startup announced Tuesday it has selected GM to be its manufacturing partner for its electric pickup truck dubbed the Badger. The Badger will use GM’s widely acclaimed Ultium battery technology. Additionally, Nikola will hand over $2 billion in stock to GM — giving the automaker an 11% stake in the company.

Shares of Nikola and GM rose 40% and 8%, respectively on the tie-up.

“General Motors was the perfect fit,” Nikola founder executive chairman and CEO Trevor Milton told Yahoo Finance’s The First Trade.

Added GM Chairman and CEO Mary Barra, “What we're focused on is creating an all-electric future and this announcement is very important today because it shows another very strong validation of our technology, our hydrogen fuel cell technology as well as our ultium batteries.”

Thus far, the Badger has been a mere rendering that has lit-up social media feeds.

The company did begin taking pre-orders for the electric super pickup truck in late June. On paper, the truck stands to be a beast. It’s expected to have 906 horsepower and have a 600-mile range using both battery and hydrogen fuel cells. Nikola has said pricing will start at $60,000 for the electric vehicle version and $90,000 for the one that also includes the hydrogen cell.

The Badger is expected to be unveiled in early December. Production has been set for 2022.

Source: yahoo!finance

Also Read:

APPLE AND GOOGLE PARTNER ON CONTACT TRACING TECH VIA APIS, BLUETOOTH

VOLKSWAGEN RESTARTS PRODUCTION IN GERMANY AFTER CORONAVIRUS LOCKDOWN

5G-POWERED ROBOTS CONTRIBUTE TO CONTROL EPIDEMIC IN CHINA

BOSNIAN TESLA FAN IMPATIENT FOR CYBERTRUCK RELEASE BUILDS A LOOKALIKE

PENTAGON: RE-EVALUATION FINDS MICROSOFT'S JEDI PROPOSAL STILL IS BEST

NISSAN UNVEILS ITS FIRST ELECTRIC SUV, THE ARIYA WITH DETAILED SPECS

VW NOT SEEKING A DEAL WITH TESLA, CEO DIESS SAYS

ITALY INVESTIGATES APPLE, GOOGLE, DROPBOX OVER CLOUD STORAGE

Compiled by :

Kiran Shah

GM bets on electric Cadillacs and micro-vans to reverse China slide

18th August 2020

"General Motors is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology"

General Motors is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem a slide in sales after more than two decades of growth in a country that contributes nearly a fifth of its profit.

GM’s new China boss Julian Blissett told Reuters it would renew its focus on luxury Cadillacs, roll out bigger but greener sports-utility vehicles (SUVs) and target entry-level buyers with low-cost micro electric vehicles (EVs).

He said new technologies such as EVs and cars with near hands-free driving for highways would play a key role in GM’s China initiatives, which are part of a push to regain momentum lost in the face of intense competition and shifting tastes.

“This market is rapidly electrifying. Cadillac is on a path to very heavy electrification. Buick is also going to heavily electrify,” said Blissett, adding that GM’s Chinese brands Baojun and Wuling would also go down the electric route.

“The market is changing dramatically. So the concept of standing still in China doesn’t work.”

A slowdown in China’s economy and the resulting weakness in its auto market has been a big factor behind GM’s sales slump, but analysts say competition has become fierce too.

ELECTRIC REVOLUTION

“In the next five years, more than 50% of our capital and engineering deployment will go towards electrification and autonomous-drive technology. That should give you an indication where GM is betting on its future,” GM’s Blissett said.

“Chinese consumers are very embracing of technology, be that technology on the phone, be that e-commerce, be that intelligent driving technology, be that electrification. Although Europe and the U.S. have fairly significant plans on a governmental and market point of view, the electrification of cars is going to happen much faster here in China,” he said.

“We intend to be right in the heart of that market. So, we will heavily play in the EV space. And that’s the reason why we are investing as we are.”

GM’s Wuling and Baojun brands have borne the brunt of falling sales over the past two years as lower-income consumers bought fewer cars in the face of slower growth and as competition from Chinese rivals at the entry-level intensified.

Source: Reuters

Also Read:

NEW UPCOMING ELECTRIC CARS IN NEPAL 2020 | PRICE, SPECS

AMPERE ELECTRIC OPENS DEALERSHIP IN NEPAL

Yatri bike's launch date and price

Review of NIU N-series

Genius electric bikes available in Nepal

Advantages and disadvantages of Electric Vehicles

10% VAT REFUND ON ELECTRIC PAYMENT IN NEPAL

Compiled by :

Team Reviews

Honda, General Motors sign deal to work on vehicles together

3rd September 2020

"The companies say they plan to share vehicle underpinnings as well as engines and transmissions."

General Motors and Honda are moving toward an alliance in North America to share vehicle development and technology costs as the industry moves toward electric and autonomous vehicles.

The nonbinding memorandum of understanding was announced Thursday, and the companies say they plan to share vehicle underpinnings as well as engines and transmissions.

It’s another sign of increasing consolidation in the automotive business as companies face huge capital outlays to develop current products as well as battery-powered and self-driving vehicles.

“The auto industry has a long history of being pressured by costs and lower (profit) margins,” said Edward Jones analyst Jeff Windau. “They’re trying to get to the other side here on an expensive vehicle development process, and being able to do that as efficiently as possible.”

No details were given on what vehicles would be developed jointly, but the companies said in a statement that planning work will start immediately and include vehicles powered by both electricity and internal combustion engines. Engineering work would begin early next year. They also will cooperate on manufacturing, parts purchasing, research and connected services.

Earlier this year, crosstown rival Ford finalized a similar deal with Germany’s Volkswagen, while Italian-American automaker Fiat Chrysler is heading toward a merger with France’s PSA Peugeot early in 2021.

In the GM-Honda deal, the companies say they’ll collaborate on a “range of vehicles sold under each company’s distinct brands.”

The announcement builds on work the companies have been doing jointly on electric and hydrogen fuel cell vehicles, as well as an autonomous vehicle. In April the companies announced they would jointly develop two electric vehicles for Honda based on GM’s global electric vehicle platform. Windau said the fuel cell work started in 2013, so it’s no surprise that the cooperation would be broadened.

“The alliance will help both companies accelerate investment in future mobility innovation by freeing up additional resources,” GM President Mark Reuss said Thursday in a statement. He said the companies would get “significant synergies” in developing vehicles.

“We can achieve substantial cost efficiencies in North America that will enable us to invest in future mobility technology while maintaining our own distinct and competitive product offerings,” Honda Executive Vice President Seiji Kuraishi said in the statement.

The alliance would be governed by a joint committee of senior executives from both companies, the statement said.

Windau said the alliance could extend to one company making vehicles for the other at one of its factories in the U.S., where GM has excess manufacturing capacity. It would be relatively simple to build a Honda on a GM assembly line if the vehicles were built on the same platform and had the same powertrains, he said.

Differentiating between Honda and GM vehicles built on the same underpinnings could be a problem, although Windau expects GM to focus on trucks and larger vehicles and Honda on vehicles built off of car platforms.

Windau says he doesn’t see the alliance evolving into a full merger between the U.S. and Japanese automakers.

Source: AP

Also Read:

TOP 5 BEST 150 CC BIKES IN NEPAL 2020 - PRICE, SPECIFICATION | REVIEWS NEPAL

TVS RTR-300 FX DIRT BIKE PRICE, SPECS | REVIEWS NEPAL

HONDA GRAZIA PRICE IN NEPAL | FULL SPECIFICATION

LIST OF LATEST BIKE OFFERS IN NEPAL YOU CAN'T MISS! | REVIEWS NEPAL

WHY IS TWO-WHEELER SALES INCREASING POST-COVID IN NEPAL

E-PILEN ELECTRIC HUSQVARNA MANUFACTURED IN INDIA AT BAJAJ AUTO’S CHAKAN PLANT

Compiled by :

Kiran Shah

Honda Hornet 160R Price in Nepal | Specifications with Price

4th April 2022

"It has comfortable seats, good mileage, and engine sound."

Honda Hornet 160 is a naked sports bikes having responsive handling around corners with a combined braking system, a rear disc rotor that enhances sharp braking, and aggressive styling. Due to its comfortable seats, good mileage, and engine sound, though this bike lacks quality components, tubeless tyres, and disc brakes options but is affordable and can be used for daily commutation.

Honda Hornet 160R Engine Specifications

Honda Hornet 160R is a 160cc bike that provides the maximum power of 5.09 PS @ 8500 rpm and a supreme torque of 14.5 Nm @ 6500 rpm. The bike has an air-cooled cooling system and 2 valves per cylinder.