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ToyotaUk

Toyota Ventures Raises Another $300 Million to Expand Early-Stage Investments in Frontier Technology and Climate Solutions

Firm’s dedicated capital grows to over $800 million, underscoring Toyota’s dedication to investing in groundbreaking startups across the globe

LOS ALTOS, Calif. (April 10, 2024) – Toyota Ventures, the early-stage enterprise capital arm of Toyota, introduced two $150 million funds to increase its investments in startups growing disruptive applied sciences and enterprise fashions on the forefront of innovation. The addition of the new funds, Toyota Ventures Frontier Fund II (TVFF II) and Toyota Ventures Climate Fund II (TVCF II), brings the agency’s whole property underneath administration to over $800 million.  

Since its founding in July 2017, Toyota Ventures has furthered its mission of serving to Toyota uncover what’s subsequent by investing in additional than 75 startups throughout areas starting from synthetic intelligence and robotics to hydrogen options and renewable power. Toyota Ventures is based mostly within the San Francisco Bay Area and has portfolio corporations in North America, Europe, the Middle East, and Asia-Pacific. With these new funds, the agency can help extra entrepreneurs all over the world as they sort out powerful challenges to construct a greater future for society and the planet.  

“At Toyota Ventures, we are explorers. Our role is to understand technology trends that could advance Toyota’s mobility transformation in the near term and embrace the next generation of disruptive innovation in the long term,” mentioned Jim Adler, founder and normal companion of Toyota Ventures. “At a time when some investors have scaled back, we’re scaling up by doubling down on our initial Frontier and Climate Funds. With seismic breakthroughs in generative AI, e-fuels, space commercialization, carbon capture, and synthetic biology, it’s a crucial time to be investing for Toyota.”  

TVFF II will deal with startups on the slicing fringe of deep know-how in areas like AI, robotics, mobility, cloud, and quantum computing, with a watch in direction of increasing Toyota Ventures’ worldwide presence. The new fund shall be led by Frontier Fund companion David Sokolic, a veteran investor and working government. Portfolio corporations within the preliminary Frontier Fund embrace satellite tv for pc servicing supplier Starfish Space, biosensor maker Scentian Bio, and quantum computing software program startup Haiqu, amongst others.  

TVCF II will search out startups growing sensible, scalable options that fight local weather change and promote environmental sustainability. It will construct on the agency’s inaugural climate-focused fund, which launched in 2021 and grew to a portfolio of 18 corporations underneath the management of Climate Fund companion Lisa Coca. The first Climate Fund portfolio contains corporations in renewable power like Avalanche Energy; power storage and batteries like e-Zinc and AM Batteries; carbon seize, removing and utilization like Air Company and Living Carbon; hydrogen options like Ecolectro; and different areas aligned with Toyota’s carbon neutrality targets.  

“Innovation is a team sport, and today, more than ever, it’s important for leaders like Toyota to collaborate with up-and-coming startups to take on the critical challenges we all face in a rapidly evolving world,” mentioned Gill Pratt, chief scientist of Toyota Motor Corporation, CEO of TRI, and board member at Toyota Ventures. “These new funds underscore our dedication to supporting entrepreneurs who are pushing the boundaries of what’s possible, and I’m thrilled to continue this journey alongside the Toyota Ventures team and portfolio.”  

Going past capital, Toyota Ventures goals to leverage Toyota’s international community, deep technical experience, and strategic partnerships to help startups in its portfolio. It has a portfolio help workforce devoted to offering steering in product and enterprise improvement, fundraising, advertising and marketing, and different areas to assist corporations scale successfully. Some of the agency’s early portfolio corporations that proceed to companion with Toyota embrace aerial ridesharing pioneer Joby Aviation and autonomous car chief May Mobility.  

Entrepreneurs searching for early-stage funding are invited to be taught extra and submit an internet pitch on the Toyota Ventures website.  

Supporting quotes and testimonials  

“The team at Toyota Ventures has been instrumental in our growth, having gone above and beyond by not simply offering capital support but also their mentorship in navigating various challenges and paving pathways into Toyota as an early customer,” mentioned Dor Skuler, co-founder and CEO of Intuition Robotics.  

“Toyota Ventures has been a committed strategic partner to Revel since 2018, working with us hand-in-hand as we expanded our business into all-electric rideshare and public fast charging infrastructure in dense cities like New York,” mentioned Frank Reig, co-founder and CEO of Revel. “Beyond financial investments, Toyota Ventures has been essential in creating new relationships to support and develop our mission — the best kind of partner a founder can ask for.” 

“The Toyota Ventures team had a deep level of understanding and appreciation of the technical aspects around the large problems we are solving in the green hydrogen space,” mentioned Gabriel G. Rodríguez-Calero, co-founder and CEO of Ecolectro. “On top of this, the level of guidance we received was well beyond the technical aspects of our business, and it has created enormous value for Ecolectro. Toyota Ventures’ unique approach and engagement shows the holistic support they provide around our whole business beyond just capital.”  

“AM Batteries has experienced significant growth over the past year, thanks in no small part to the invaluable support from Toyota Ventures, “ said Lie Shi, CEO of AM Batteries. “In the time we’ve been working together with Lisa Coca and her team, it has become clear that Toyota Ventures possesses a deep understanding of how corporate venture capital can effectively cultivate successful alliances with startups. Their insight, financial backing, and partnership have been pivotal as we chart the course for AM Batteries’ future endeavors.”

About Toyota Ventures
Toyota Ventures is the early-stage enterprise capital arm of Toyota. Founded in July 2017, its mission is to find what’s subsequent for Toyota by serving to startups carry disruptive applied sciences and enterprise fashions to market rapidly. With greater than $800 million in property underneath administration, the agency is devoted to investing in gifted entrepreneurs all over the world who’re driving innovation in frontier applied sciences and local weather options. For extra details about Toyota Ventures and its portfolio corporations, please go to www.toyota.ventures.

News

Contrary To Some Carmakers, Volvo Is Staying True To Its EV Roadmap

Summary

  • Volvo is dedicated to continuing with full electrification by 2030 and affords plug-in hybrids as a bridge for hesitant customers.
  • Volvo plans to achieve 50% full electrical by 2025, staying forward of Canadian authorities mandates.
  • The model, recognized for security, enjoys shopper belief and loyalty, serving to pave the way in which for profitable EV releases.

Although the electrical revolution within the auto trade is an inevitable end result in our collective combat to cut back CO2 emissions within the title of local weather change, some carmakers have been very vocal concerning the challenges they face on the electrification entrance. For occasion, Ford was quite blunt about the amount of money it’s losing on every electrical automobile (EV) it sells.

More just lately, General Motors announced a roll-back to plug-in hybrids in an try to please a wider scope of customers, these which might be nonetheless not snug with taking the plunge to full electrification for a myriad of various causes. Mercedes-Benz additionally just lately introduced its intentions to water-down its EV roadmap.

But not all carmakers discover the electrified enterprise to be a troublesome one. Some, like Tesla, Hyundai and Volvo, for instance, are marching forward of their EV growth, multiplying their zero-emission choices annually. Volvo is a good instance of this because it plans on launching two absolutely electrical SUVs this 12 months, the tiny and oh-so-adorable EX30, and the larger EX90 flagship three-row SUV.

Curious to seek out out if Volvo is planning on staying true to its electrification technique, or plans, like another carmakers, to vary its dialogue within the coming years, I spent a little bit of time chatting with Stefan Diklich, Product Manager at Volvo Cars Canada through the Canadian International Auto Show for extra perception on the matter. Turns out Volvo has no plans to show its again to EVs.

2025 Volvo EX30 Driving Top Shot

Related

2025 Volvo EX30 First Drive : A Refreshing Minimalist Approach In The EV Space

Volvo makes an enormous deal concerning the EX30’s small dimension. Its “less is more” philosophy may spawn an entire new method for EVs.

Volvo Is Ready To Respond To EV Demand, But PHEVs And Hybrids Remain Important

2024 Volvo EX90
Volvo

My first query for Stefan was how Volvo sees the current backlash we’re listening to from different carmakers. Does Volvo additionally see the identical challenges as its opponents, or is it snug with its present enterprise mannequin surrounding EV gross sales? I used to be additionally curious to know if, since Volvo is almost entirely separated from Polestar, the model feels extra freedom to launch its electrical autos.

I can not touch upon Polestar’s plans, in fact, however we now have our imaginative and prescient of being absolutely electrical by 2030, separate from what they’re doing. We have a plan and a lineup that can meet the buyer wants which might be on the market, but additionally handle their issues on the subject of vary, vary nervousness and pricing. If any individual remains to be not able to go electrical at this time, we nonetheless have a portfolio of autos to go well with their wants, like plug-in hybrids and common hybrids.

Stefan believes that plug-in hybrids are an amazing stepping stone for customers who’re nonetheless not but snug taking the complete plunge in the direction of a completely electrical automobile. These worries may come from lengthy charging occasions, vary nervousness or inadequate charging infrastructure of their space. These customers is also dwelling in condos or house buildings, stopping them from getting access to dwelling charging.

2024 Mitsubishi Outlander PHEV Logo

Related

The Truth About Plug-In Hybrids During Cold Weather

Before committing to a plug-in hybrid automobile, it is necessary that you simply perceive its limitations through the winter season.

“Ahead Of The Curve” Of Government Mandates

Volvo EX30
Volvo

My subsequent query centered across the Canadian authorities’s current EV Availability Standard that can drive carmakers to promote a sure share of zero-emission autos (ZEV), beginning in 2026. While some carmakers, like Hyundai, have introduced being in favor of them, I wished to get Volvo’s perspective on the matter.

We’re going to be forward of the curve. We’re going to be 50% absolutely electrical by 2025 and 100% by 2030. So none of this scares us. We have a plan that is method forward of the federal government mandates.

When requested if he feels Volvo has an higher hand benefit over different carmakers on the EV entrance, Stefan answered by saying that the Volvo model already has a powerful heritage behind it, recognized largely for its repute for security. He defined that customers know what to anticipate from the model. Many of them have remained loyal to the corporate. He feels that due to this, when Volvo releases a brand new EV, customers immediately belief that the model will ship on its guarantees.

Volvo EX30
Volvo

Volvo plans on first releasing the subcompact EX30 this summer time as its entry-level electrical automobile, positioned beneath the XC40 and C40 (their nomenclatures will quickly change to EX40 and EC40). The bigger EX90, a completely electrical three-row SUV that can sit in the identical house as the present XC90, is scheduled later this 12 months, in the direction of This fall, as a 2025 mannequin.

BMW

BMW Motorrad presents the brand new BMW Motorrad Clothing Collection 2024.

Munich. For 45 years, BMW Motorrad has been dedicated to creating motorcycling as protected and comfy as attainable with completely designed clothes that can be modern, enticing and trendy. Today, BMW Motorrad gives a complete vary of rider gear. Here too, the maxim holds true for BMW Motorrad: To make the prevailing even higher and on the similar time to develop new, modern options for carefree using pleasure. The new BMW Motorrad Clothing Collection 2024 gives a complete of 28 new merchandise within the areas of #PluggedToLife, #RideAndShare, #SpiritOfGS, #NeverStopChallenging and #Soulfuel.

#PluggedToLife: Stylish rider put on with excessive on a regular basis utility.

With the #PluggedToLife Collection, BMW Motorrad gives sensible and trendy merchandise that are perfect for on a regular basis motorcycling, but additionally completely appropriate for on a regular basis use while you get off your bike. Whether you are strolling via the town, purchasing or sitting in a café.

For the approaching season, the Sao Paulo helmet is obtainable within the new colors Matter and Nucleus. With a protracted visor and built-in solar visor, it’s a modern, comfy and protected companion for the town and concrete areas.

The London trousers are additionally accessible in new colors – mild gray and blue. They additionally look nice off the bike with a up to date 5-pocket look. NP-Flex 3D protectors on the knees supply good shock absorption with out compromising consolation.

Available in khaki for the subsequent motorbike season, the Seoul GORE-TEX sneakers are as fashionable as they’re sensible. The GORE-TEX membrane reliably protects towards wind and water, whereas the oil and fuel-resistant sole and the built-in heel and ankle safety guarantee a excessive degree of security. The hid zip on the within makes placing them on and taking them off quick and straightforward.

#RideAndShare: Casual roadster and touring life-style.

Brand new to the vary is the Swartberg AIR Jacket with a sporty blouson minimize, the proper companion for summer season outings. The outer materials is product of abrasion-resistant polyamide and offers long-lasting air flow. As a end result, this modern jacket can be utilized in very heat climate.

The Gavia AIR boots are additionally new. They are created from a very breathable material, and the particular lining and outer supplies guarantee excessive ranges of air permeability. This makes them best for touring in heat temperatures. The light-weight midsole and high-grip Vibram outsole additionally give them a sneaker-like really feel when strolling round city.

The System 7 Carbon EVO folding helmet gives most consolation and security. The
full-carbon helmet shell makes it extraordinarily mild and gives final affect safety. The Multi-directional Impact Protection System (MIPS) reduces the rotational motion of the top within the occasion of an affect, minimising the chance of harm. It is obtainable in new colors and decors for the approaching season.

The new blue-grey color of the Aravis AIR jacket is a breath of contemporary air for the recent phases of the using season. Thanks to massive mesh and stretch inserts, it gives not solely optimum freedom of motion, but additionally nice air circulation. Particularly sensible: Two built-in shoulder straps enable the jacket to be worn on the again like a rucksack when not on the bike. The comfy, breathable and filth and water-repellent outer material can be accessible in matching colors for the Aravis AIR trousers.

The Gerlos trousers can be found in a brand new color scheme. They supply a snug leisure look that’s excellent for the summer season and transitional seasons. The abrasion-resistant trousers might be made windproof and waterproof with a breathable insert if required. They even have detachable and adjustable NPL protectors on the knees and NP3 protectors on the hips.

#SpiritOf GS: Adventurous – however protected.

For those that cannot wait for his or her subsequent two-wheeled journey on and off the highway, the brand new merchandise within the #SpiritOfGS assortment are actual must-haves with regards to purposeful clothes. For instance, the three-piece GS Karakum GORE-TEX jacket in a brand new color scheme. It gives most sportiness, prepared for any journey, even off-road: With three layers and a GORE-TEX outsert, it covers all situations from heat to chilly. The two-piece 
GS Karakum GORE-TEX trousers additionally meet the best calls for.

The rugged GS Puna GORE-TEX jacket can be accessible in new colors for the approaching season. With this jacket, motorbike followers shall be properly geared up for off-road using. The outer shell is created from a high-strength polyamide/cotton mix, and areas most in danger when falling are bolstered with a half-tone PU coating with ceramic particles. GORE-TEX Z-Liner development retains the jacket waterproof and breathable. There are additionally matching GS Puna GORE-TEX trousers. Featuring GORE-TEX Z-Liner development, it’s waterproof and breathable, with elasticated inserts for added mobility and a spread of adjustment choices for a greater match.

Available in new colors for the 2024 GS Rallye GORE-TEX Jacket, this well-ventilated jacket’s waterproof GORE-TEX outsert protects towards wind, unhealthy climate and filth. The extremely abrasion-resistant polyamide-cotton materials, along with NP3 joint protectors, guarantee a excessive degree of security. The trendy look is complemented by sensible particulars akin to quite a few inside and outdoors pockets. In addition, the extremely ventilated GS Rallye GORE-TEX trousers in a brand new color design with a water-resistant GORE-TEX outsert supply the perfect safety towards wind, unhealthy climate and filth.

Finally, the waterproof VentureGrip Pro GORE-TEX boot gives rugged reliability, security and luxury for each touring and enduro use. The all-rounder is designed for on a regular basis use and incorporates a high-grip, extremely sturdy, oil and gasoline resistant Vibram outsole. A shin plate and three adjustable aluminium buckles stabilise the precision-fit development.

#NeverStopChallenging: Power & efficiency for sporty bikers.

The #NeverStopChallenging assortment caters for everybody from sporty motorcyclists to actual race observe cracks. The M Pro Race GORE-TEX boot is new for 2024. It meets the best efficiency necessities and options massive onerous plastic protecting components. Lateral, replaceable magnesium sliders on the heel and toe of the boot stop accidents and make the boots very sturdy.

The sporty Downforce jacket is available in a brand new color. It can be utilized for each commuting and leisure using from spring to autumn.

The KnitRace sneakers mix trendy design and motorcycling materials. They characteristic 3D knit expertise for breathable consolation. The fashionable sneakers are licensed as motorbike boots (degree 1) because of shift lever safety and security options akin to built-in ankle safety and 3D heel safety. The M color print on the heel is a visible spotlight.

The ProRace gloves may even be accessible in a brand new color subsequent season. They are perfect for sporty riders who worth agility, security and grip when using quick.

#SoulFuel: Designed for the pure ardour of using.

The Spandau jacket is model new for 2024. It is created from abrasion-resistant denim material. It combines most security and performance with a traditional look because of discreet protectors. The jacket has 4 outer pockets and three internal pockets. It might be connected to the BMW Motorrad trousers by way of a connecting zip.

The Westend leather-based jacket can be new for subsequent 12 months. It combines traditional design with excellent performance and security. The jacket is created from approx. 1.2 mm thick and LWG-certified cowhide leather-based. This makes it notably comfy to put on and a visible spotlight in its personal proper. Features such because the full-length metallic zip fastener with storm flap, high-quality internal lining, three closable outer pockets and three internal pockets improve performance. For added security, the leather-based additionally conceals superior NP-Flex protectors on the shoulders and elbows, that are barely noticeable and may cut back the chance of harm by offering most consolation and good shock absorption. An NPL again protector can be retrofitted. Last however not least, the leather-based jacket might be connected to BMW Motorrad trousers with a 40 cm vast connecting zip.

The Moosach trousers are additionally new for 2024. They are created from abrasion-resistant denim material. They stylishly mix security and performance with a traditional look because of their discreet safety. The 5-pocket model trousers are lined on the thighs and can be used for on a regular basis put on. For added security, there are detachable NP-Flex protectors on the knees and hip.

The Treptow GORE-TEX laced boot for the 2024 motorbike 12 months can be new. It gives excessive performance and a traditional look. The sewn-in pull loop on the finish of the bootleg part makes them notably straightforward to placed on. The boot is wind and waterproof because of the GORE-TEX membrane and the leather-based/canvas combine. Safety can be on the forefront of the boot’s design. In addition to the NP-Flex ankle protectors, the laced boots are geared up with sturdy toe and heel caps, in addition to shift reinforcement. There can be a particular internal lining for optimum temperature regulation. The mid-high shaft and the profiled Vibram outsole on the lads’s mannequin guarantee excellent grip on the foot rests. The Vibram outsole is resistant to grease and petrol and in addition offers wonderful grip and luxury. The traditional Treptow GORE-TEX laced boots not solely look nice on a bike, they can be stylishly mixed with denims and a leather-based jacket.

Finally, the Schwabing jacket, with its heritage look, is a revival of a traditional in a brand new design for 2024. The conventional double stripes on the sleeves are an actual eye-catcher. Underneath the high-quality cowhide leather-based, NP-Flex protectors on the shoulders and elbows preserve you protected, whereas two outdoors pockets and three inside pockets present loads of cupboard space.

Further info on the BMW Motorrad Clothing Collection 2024 go to: https://www.bmw-motorrad.com/en/shorturls/apparel-finder.html

You will discover press materials on BMW bikes and the BMW Motorrad Clothing Collection within the BMW Group PressClub at www.press.bmwgroup.com.

Motorsport

Kia Forte Successor Spy Video Shows Sedan Waiting At Red Light In California

A latest spy video reveals that despite the popularity of SUVs, Kia is still committed to sedans in the United States. The spy video shows a new three-box car being tested in California. Although it is not confirmed, it appears to be larger than the K3 compact sedan that was unveiled in August. It also looks different from the K5, which suggests that it could be a successor to the Forte. If this is the case, it is expected to arrive in 2025, as the 2024 model year is already on sale in the US.

There are speculations that the new sedan might come with a name change. Kia is reportedly considering dropping the Forte name and adopting the K4 name, following the trend of using alphanumeric designations. Similar to the Optima, which is now known as the K5, the smaller sedan could also receive a simpler name. It is worth noting that the K4 name is not entirely new, as there was a sedan bearing this name in China from 2014 to 2020.

The prototype seen in the spy video appears to have the complete production body and wide lights both at the front and rear. It rides on two-tone wheels that seem to be borrowed from the Hyundai Elantra, and its rear door handles are subtly integrated near the C-pillar. The partially exposed cabin of the test vehicle reveals a side-by-side screen layout, which is becoming more common in 2023.

It is unclear when the K4 will be unveiled in the US market, but it is unlikely to happen anytime soon since the 2024 Forte was announced recently. Kia has confirmed that the larger K5 sedan will receive a mid-cycle facelift by the end of this year. Additionally, the brand plans to introduce an updated Carnival minivan with a hybrid powertrain in the same timeframe.

In other news, Kia will be discontinuing the smaller Rio after the 2023 model year in the US, but it will be replaced by the new K3 sedan in other markets.

News

Ferrari Electric GT: Everything We Know So Far

Summary

  • Ferrari plans to have 60% of its lineup be hybrid vehicles.
  • Ferrari is building an e-factory in Italy to manufacture electric motors, inverters, and batteries.
  • The all-electric Ferrari GT, expected to have four electric motors and 1,000 horsepower, will debut in 2025.

Ferrari, the iconic Italian luxury sports car manufacturer, is preparing for a major transformation with the upcoming release of its first all-electric vehicle. According to Ferrari CEO Louis Camilleri, an all-electric Ferrari is in the works, but it won’t hit the roads until after 2025. While the full transition to electric models is still a few years away, Ferrari is committed to making progress towards electrification. The company intends to have 60% of its lineup consist of hybrid vehicles and is set to unveil its first-ever SUV soon. Ferrari is focusing on its hybridization efforts, including the recent release of the impressive 986-horsepower SF90 Stradale plug-in hybrid.

To realize its electrification vision, Ferrari is constructing an e-building in Maranello, Italy. This facility will produce electric motors, inverters, batteries, and assemble electric and hybrid vehicles. The e-building is expected to be completed by June 2024. Ferrari’s approach to electrification is strategic, as CEO Benedetto Vigna states that the transition will not impact the brand’s operating margins. With an operating profit margin of 26.9% in the first quarter of 2023, Ferrari aims to maintain its position in the industry while embracing cleaner and more sustainable technologies.

Ferrari is committed to an automotive future that combines tradition and innovation. The company has plans to introduce fifteen new models from 2022 to 2026, many of which will be fully or partially electric.

Ferrari Has Yet To Release An EV

1995 Ferrari F355 at an auto show
Wikimedia Commons

Despite being an iconic luxury brand, Ferrari has not yet released an electric vehicle. The brand has mostly focused on plug-in hybrids, but they have hinted at the future release of electric vehicles that will utilize GT platforms while maintaining the speed and quality that Ferrari is known for. One challenge in this market is that many people desire the classic “racing” experience, which involves the sound and sensation of a gasoline-powered car.

Ferrari has confirmed a 2025 EV is on the way. However, details regarding its appearance, performance, and specifications are still unknown.

While an electric Ferrari would offer a quieter and smoother ride, it may not satisfy the desires of individuals who typically purchase a Ferrari. Nevertheless, the anticipation for a fully electric supercar from Ferrari is intense. The current estimate is that a fully electric GT model will be available by the end of 2025, although manufacturing challenges may delay its release until early 2026. Regardless, the introduction of an electric Ferrari will undoubtedly have a significant impact on the industry.

The Electric Ferrari GT Will Change The Industry Forever

A parked Ferrari 288 GTO Evoluzione
Ferrari

  • The upcoming electric Ferrari is rumored to have four electric motors.
  • Ferrari’s GT electric vehicle is expected to be a two-door model according to patent filings.
  • This new electric vehicle could have around 1,000 horsepower.

With the official confirmation of an all-electric GT hitting the global market in 2025, Ferrari is poised to achieve something extraordinary. Rumors suggest that the new electric Ferrari will boast 1,000 horsepower and feature four electric motors. It is expected to be a unique addition to the industry. While details are scarce, patent filings suggest that this electric car will be a two-door supercar rather than a four-door SUV. Ferrari is likely to take a bold approach with the release of this highly anticipated electric sports car, distancing itself from conventional expectations.

Related: Everything You Need To Know About The 1,000-horsepower Ferrari SF90 XX

Ferrari Predicts That EVs Will Account For Five-Percent Of Its Global Sales By 2026

Red 2016 Ferrari 488 Spider
Ferrari

With the debut of their first electric supercar slated for 2025, Ferrari has already projected that electric vehicles will account for only around 5% of its global sales in that year. While this percentage may seem low, considering it accounts for the introduction of the brand’s first EV, it is a promising start. Furthermore, Ferrari has mentioned plans for 15 new electric cars by 2026, which should significantly increase the percentage of electric vehicle sales. Most automakers are aiming for 50% to 100% zero-emission vehicle sales by the middle of the decade, so Ferrari has some catching up to do.

Ferrari has been criticized for not releasing fully electric vehicles earlier, but they have made progress with their hybrid and plug-in hybrid offerings. Notable hybrid models from Ferrari include the LaFerrari, LaFerrari Aperta, SF90 Stradale, SF90 Spider, and the upcoming 296 GTB, which features a turbocharged V-6 engine paired with an electric motor. These models provide eco-friendly options while maintaining performance capabilities.

Ferrari’s current hybrid lineup:

  • Ferrari LaFerrari
  • Ferrari LaFerrari Aperta
  • Ferrari SF90 Stradale
  • Ferrari SF90 Spider
  • Ferrari 296 GTB

This demonstrates Ferrari’s commitment to embracing greener technologies. For a half-million-dollar electric vehicle, customers expect top-of-the-line features that justify the price tag.

Related: 10 Things You Should Know About The Ferrari LaFerrari

The Road To The Electric Ferrari Has Been A Long One

Blue Ferrari 488 Spider
Ferrari

Since the early 2010s, car manufacturers have been transitioning from traditional gasoline engines to high-power batteries. As the climate changes and people become more conscious of their impact on the planet, the electric vehicle market has been thriving. However, luxury brands like Ferrari have a longstanding reputation for speed, sexiness, and power, which may not align with experimenting with electric technology. Many critics have chastised Ferrari for being slow to embrace EVs, but any progress should be appreciated.

Currently, hybrids and plug-in hybrids serve as the intermediary option for drivers who want an electric vehicle but still rely on gasoline for regular driving. Ferrari has received positive feedback for its hybrid models. It’s worth noting that range, charge time, and safety have always been critical concerns for electric cars. Ferrari’s hybrids have demonstrated strong performance without sacrificing these crucial factors.

While Ferrari has taken some time to introduce a groundbreaking electric vehicle, it is evident that they are determined to go greener. This transition signifies a new era for Ferrari and sportscars as a whole.

News

Ferrari Electric GT: Everything We Know So Far

Summary

  • Ferrari is committed to electrification and aims to have 60 of its lineup be hybrids, with its first-ever SUV being unveiled soon.
  • Ferrari is establishing an e-building in Italy to manufacture electric motors, inverters, and batteries for its electric and hybrid vehicles.
  • The all-electric Ferrari GT, rumored to have four electric motors and 1,000 horsepower, will debut in 2025, signaling a significant shift in the industry.

Ferrari, the iconic Italian luxury sports car manufacturer, is gearing up for a significant transformation with the impending introduction of its first all-electric vehicle. According to Ferrari CEO Louis Camilleri, an all-electric Ferrari is on the horizon, but enthusiasts will have to wait until after 2025 to see it hit the roads. While the transition to a fully electric model is still a few years away, Ferrari is committed to making strides toward electrification. The company aims to have its lineup comprising 60 percent hybrid vehicles, with the unveiling of its first-ever SUV. The company is focusing on its hybridization efforts, including the recent release of the remarkable 986-horsepower SF90 Stradale plug-in hybrid.

To make this electrification vision a reality, Ferrari is establishing its e-building in Maranello, Italy, designed to manufacture electric motors, inverters, and batteries and assemble electric and hybrid vehicles. The new facility is expected to be ready by June 2024. Ferrari’s approach to electrification seems strategic, as the CEO, Benedetto Vigna, asserts that the transition will not impact the brand’s operating margins. With an impressive operating profit margin of 26.9 percent in the first quarter of 2023, Ferrari aims to maintain its position in the industry while embracing cleaner and more sustainable technologies.

As the automotive world evolves, Ferrari is committed to meeting the future with a lineup that balances tradition and innovation. The company had plans to introduce fifteen new models from 2022 to 2026, many of which will be fully or partially electric, so the vision is well underway.

Related: The Fastest Ferraris Ever Produced

Ferrari Has Yet To Release An EV

1995 Ferrari F355 at an auto show
Wikimedia Commons

With the Ferrari brand being as iconic as it is, the Italian sportscar brand has yet to release an electric vehicle. Of course, the brand has seen significant changes in how it manufactures cars, with plug-in hybrids being the current status quo. Interestingly enough, Ferrari has mentioning new EVs are on the horizon, which will utilize GT platforms and still have the incredible speed and quality the company is known for. One issue in this market is that most people want to hear their car make noise, burn gas, and create that classic “racing” experience.

Ferrari has confirmed a 2025 EV is on the way. However, it’s not confirmed what it will look like and its performance or specs, leaving us in the dark for now.

With an EV, this could be a much quieter and smoother ride: which, although great, won’t feed the hunger someone typically purchasing a Ferrari has. The good news is Ferrari has confirmed a pure electric supercar is coming in the next few years, which is certainly exciting news. The current projection is that a fully electric GT will be here by the end of 2025, although knowing how difficult manufacturing your first EV is, this could (and likely will) be pushed back until Q1 or Q2 of 2026. Regardless, the concept of an electric sportscar like Ferrari is undoubtedly industry-altering.

Related: Everything You Need To Know About The 1,000-horsepower Ferrari SF90 XX

The Electric Ferrari GT Will Change The Industry Forever

A parked Ferrari 288 GTO Evoluzione
Ferrari
  • The all-new electric Ferrari is rumored to have four electric motors.
  • Ferrari’s GT EV will be two-door, according to patent filings.
  • This new vehicle could have upwards of 1,000 horsepower.

With the confirmation of an all-electric GT coming to global markets in 2025, Ferrari is on track to do something incredible. Rumored to have 1,000 horsepower and four electric motors, the all-new (and electric) Ferrari will do something that’s not been seen before. As we said, Ferrari has been sluggish in producing hybrids and EVs in recent decades, but with 2025 being the debut of this new supercar, we’re anxious to see what it means for the direction of the mega-brand.

Official details are few and far between, but patent filings suggest the new electric car could be a two-door supercar rather than a four-door SUV. Some people had speculated this new Ferrari would compete with the Porsche Taycan, although if we had to guess, Ferrari would take a much greater risk upon its release. If they’ve waited this long: why take a safe, predictable approach to the world’s most powerful electric sports car?

Related: Why Ferrari Should Fear The Chevy Corvette SUV

Ferrari Predicts That EVs Will Account For Five-Percent Of Its Global Sales By 2026

Red 2016 Ferrari 488 Spider
Ferrari

With the brand’s first electric supercar dropping in 2025, Ferrari has already predicted it will account for merely five percent of its global sales for that year. Five percent doesn’t seem very impressive from our standpoint, but considering that this is taking into consideration the new (and only) EV, it will have as of 2025, we’ll lay off. That said, within 2025, 2026, and beyond, Ferrari has mentioned 15 new electric cars, which should hopefully launch that five percent to 20+. Most car manufacturers are betting on 50 percent to 100 percent zero-emission sales by the decade’s midpoint, so Ferrari is behind.

The Italian company has let many of its eco-conscious clientele down in recent years by not releasing fully electric vehicles, which they promise to eradicate soon. Another thing to remember is that Ferrari has a couple of plug-ins or hybrids out in the market, which is a first for the brand. A particularly incredible hybrid Ferrari model is the Ferrari SF90 Stradale, which has received great reviews from drivers. Furthermore, the Ferrari 296 GTB, which will feature an astonishing turbocharged V-6 engine paired with an electric motor, is another eco-friendly option for those who shop through Ferrari.

Here are the hybrids offered by Ferrari:

  • Ferrari LaFerrari
  • Ferrari LaFerrari Aperta
  • Ferrari SF90 Stradale
  • Ferrari SF90 Spider
  • Ferrari 296 GTB

This at least shows us the company has an idea to go green rather than put it off any longer. If you’re spending half a million on your EV: it should have bells and whistles worth that price tag.

Related: 10 Things You Should Know About The Ferrari LaFerrari

The Road To The Electric Ferrari Has Been A Long One

Blue Ferrari 488 Spider
Ferrari

Since the early 2010s, carmakers have switched from traditional gas engines to high-power batteries in their lineups. With the climate changing and people wanting to make less of a lasting impact on the planet, it’s no surprise that the EV market is booming. However, luxury brands like Ferrari have long-standing reputations for being fast, sexy, and powerful: where does that allow for experimenting with electric technology? Many consumers and critics have been harsh on Ferrari for being so slow out of the gate regarding EVs, although to us: any progress is good.

After all, the Italian sportscar’s current hybrid and plug-in hybrid options have been received very well across the board, with no one claiming they are slow or clunky. There could be a reason Ferrari has taken this long to create a long-lasting, impressionable EV, and that’s perfectly fine. It’s not like this is a regular car for everyday commuting. Ferraris are meant to race; this isn’t something we often consider in the EV sector. Instead, the pressing issues for battery-powered cars have always been range, charge time, and safety.

That said, hybrids and plug-in hybrids are the current transitional option for drivers wanting to have an EV but still fall back on gas for regular driving. The Italian sportscar brand has been lauded for high-performing features in their hybrid models, which accounted for nearly half the sales, and can only spell good news for the upcoming 2025 EVs. Who knows, this could be a new era for Ferrari and sportscars as we know them.

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How Cadillac Is Taking On Tesla As Well As Rolls-Royce

General Motors (GM) is committed to revolutionizing all of its brands towards electric vehicles (EVs). By 2030, GM plans to make Cadillac an all-exclusive EV brand. Cadillac aims to compete head-to-head with Tesla, the EV market leader, and wants to change the game. To target different segments, Cadillac will release the Lyriq to compete with the Tesla Model Y and the Celestiq to compete with the Rolls-Royce Spectre. This bold move by Cadillac will certainly catch the attention of other giants in the industry such as Ford, Nissan, Tesla, Rolls-Royce, and Bentley.

Related: 10 Reasons Why The Rolls-Royce Spectre Is Worth Over $400,000

Cadillac Has The Might To Take On Both Tesla And Rolls-Royce

Red Color Cadillac Lyriq
Cadillac 
Front three quarter shot of Cadillac Lyriq parked outside of a buidling

The Lyriq is Cadillac’s first electric vehicle that will compete with the Tesla Model Y, Ford Mustang Mach-E, and Polestar 3. This SUV features an all-wheel-drive version with a range of 307 miles, 500 horsepower, and 450 pound-feet of torque. The Lyriq offers a 33-inch diagonal screen, Apple CarPlay, and Android Auto. The base model starts at $58,000 and the top-of-the-line model costs over $70,000.

Cadillac Lyriq Sport Specs

Electric Motor

Dual-motor, all-wheel-drive setup

Horsepower

500 horses

Range

450 pound-feet

Electric Range

307 miles

Price

$74,590

The Celestiq is a luxurious sedan that will rival brands like Rolls-Royce, Bentley, and Mercedes. This sedan offers 600 horsepower, a 300-mile range, and can go from 0 to 60 MPH in 3.8 seconds. The Celestiq is expected to cost around $300,000.

Cadillac Celestiq Specs

Electric Motor

Dual-motor, all-wheel-drive setup

Horsepower

600 horses

Range

640 pound-feet

Electric Range

300 miles (est.)

Price

$300,000

Cadillac also has plans for the Escalade IQ, a three-row electric SUV expected to start at over $100,000.

Related: 15 Solid Alternatives To The Tesla Model Y

The Cutting-Edge Ultium Platform: The Secret Ingredient To Potential Success

Ultium platform
General Motors
Wide shot of three battery skateboards built using the Ultium platform

The Ultium platform, developed in collaboration between General Motors and LG, is the key to Cadillac’s potential success. The platform’s design allows for efficient packaging of batteries, maximizing space and power. It also incorporates advanced chemistry that reduces cobalt usage by 70 percent and extends battery life. With the Ultium platform, Cadillac’s vehicles can easily achieve the industry-standard 300-mile range.

Related: Why The Cadillac Lyriq Is The Best Electric SUV

GM’s Undivided Attention To Make Cadillac An Exclusive EV Brand

An interior shot of the dash of the 2024 Cadillac Celestiq
Cadillac
2024 Cadillac Celestiq interior shot

GM is fully committed to making Cadillac an exclusive EV brand. The company has divested from money-losing projects like its European brands, Opel and Vauxhall, to focus on investing in the future of its own brands, especially electric vehicles. GM plans to invest over $81 million in the Celestiq project alone, demonstrating its seriousness about Cadillac’s electrification. Cadillac aims to have a fully electric lineup by 2030, but it will have to convince current Escalade owners to upgrade to its electric version. In addition to electrification, Cadillac has set a goal to run its operations in the United States on 100 percent renewable energy by 2025, showcasing its commitment to sustainability.

Cadillac Celestiq
Cadillac
A rear 3/4 view of Cadillac Celestiq on a plateau overlooking mountains in the background

Only time will tell if Cadillac can successfully challenge automotive giants like Tesla and Rolls-Royce. However, their transition to electric vehicles is a necessary step in the industry, and Cadillac seems to be moving in the right direction. One potential challenge for Cadillac could be the production capacity of the Ultium platform’s batteries. Overcoming this challenge and ensuring a sufficient supply of batteries will be crucial for the success of Cadillac’s EV lineup and to compete with Tesla and other automakers.

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BMW iX5 Hydrogen: Everything You Need To Know

BMW unveiled the hydrogen-powered iX5 in 2022, as part of its commitment to sustainable mobility. BMW joins other companies like Toyota, Honda, and Hyundai in exploring the potential of hydrogen-cell-powered vehicles. The BMW iX5 is an SUV that offers fast and efficient performance without the need for lengthy battery charging. Refueling is done at hydrogen stations, similar to traditional gasoline vehicles. BMW is preparing for a future where hydrogen-cell-powered vehicles may become dominant, and they are currently hand-building 100 test versions of the iX5 at their Munich factory.

Related: Automakers Deeply Invested In Hydrogen-powered Cars

The BMW iX5 Makes Nearly 400 Horses

White BMW iX5 Hydrogen
BMW
Rear shot of BMW iX5 Hydrogen on a test drive in the freezing temperatures of northern Sweden

The BMW iX5 combines fifth-generation fuel cell technology with an electric motor, making 395 horsepower and 524 pound-feet of torque. This SUV can accelerate from 0 to 60 mph in six seconds. It offers an impressive 313-mile range according to the European cycle, or about 250 miles as per the stricter EPA ratings. The iX5 can be refueled in just three to four minutes, similar to a traditional gasoline vehicle. These features make fuel cell technology a promising option that offers both power and range. The iX5 is currently undergoing testing in harsh winter conditions in northern Sweden, demonstrating its safety and performance in low temperatures.

Related: Hydrogen Electric Vehicles: The Next Big Thing In The Automotive Industry?

It Is An X5 With A Different Heart

The BMW iX5 Hydrogen's interior
BMW
The BMW iX5 Hydrogen’s interior

The BMW iX5 is based on the X5 model. It features the iconic kidney grill with a blue accent and a closed-off design for improved aerodynamics. The SUV is equipped with sleek headlights, big intakes, and aerodynamic 22-inch wheels with blue accents. The flared arches give it a sporty look, and it has ‘BMW I Hydrogen Fuel Cells’ stickers to distinguish it from the regular X5. The iX5 also has frameless doors, flush door handles, and an aggressive rear design. The interior follows a blue accent theme on the dashboard, gear lever, and door panels, creating a luxurious and well-designed cabin. It features two screens for the driver and infotainment, and it is expected to offer Apple CarPlay and Android Auto connectivity.

Related: 10 Reasons To Get Excited About Hydrogen Electric Vehicles

The Promise Of Hydrogen Fuel Cells

BMW iX5 Hydrogen in white
BMW
The BMW iX5 Hydrogen getting refueled

Hydrogen fuel cell technology offers several advantages over electric and gasoline-powered vehicles. It provides a long-range, quick refueling times, and emits only water vapor as a byproduct. However, there are challenges related to hydrogen fueling infrastructure and the cost of obtaining hydrogen. Despite these challenges, the ongoing investment in hydrogen fuel cell technology suggests that it has the potential to become a viable and accessible option in the future. Just like electric vehicles, hydrogen fuel cell technology may overcome its limitations with further advancements and become a promising solution for carbon-neutral transportation. BMW’s rigorous winter testing and research efforts demonstrate their commitment to being a market leader in fuel cell technology when it becomes more widely available.