If you have trouble reading this message, view it in a browser. Hyundai creates an EV based on a classic model, the Mini Urbanaut concept heads to LA, and Kia gets ready to reveal an electric SUV concept. But first: Subaru took the wraps off it first mass-market EV this week, revealing the Solterra a few days ahead of its appearance at the LA auto show. Based on an architecture shared with Toyota, Subaru's battery-electric sport utility will bring the brand into the age of electrification, if not all of the automaker's segments at once. "By filling it with new values that a BEV can offer and the value of 'enjoyment and peace of mind' that Subaru has cultivated over many years, Solterra has been built as an authentic SUV in an environmentally friendly package that can be used with peace of mind like the existing Subaru SUV models," the automaker said. The Solterra will share quite a bit with the Toyota bZ4X, but we wouldn't expect the yoke steering option to materialize stateside. Adjustable regenerative braking will be offered as well, along with three driving modes: Normal, Eco, and Power. Inside, passengers will get a large 12.3-inch infotainment screen along with a fairly high-set center console. Production of the R1T began earlier this fall, but Rivian also has some significant expenditures coming up before it can make a profit selling EVs. Speaking of sales, despite starting production just weeks ago Rivian is already on its way to becoming as well known outside the world of EV companies as Tesla, having just enjoyed the biggest stock market launch seen in years. The stock started at $78 on Wednesday this week, but quickly climbed past the $100 mark in the day's trading, propelling Rivian's value past many analysts' expectations, and breaking through the $100 billion barrier. And that was just on the first day of trading. Hearst Autos is conducting in-market shopper research and we'd like to invite you to participate in our SURVEY and tell us about your vehicle shopping process. The survey is available now through November 14th and you can enter in our sweepstakes for a chance to win up to $200!
A new pledge to accelerate the turn to zero emission vehicles by 2040 was signed by a number of countries and automakers at the COP26 climate summit in Glasgow, Scotland, this week, with a number of notable holdouts in both categories, including the United States. The pledge calls for transitioning to sales of ZEV-only new cars and vans by 2040 or earlier—by 2035 in several leading markets.
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Friday, November 12, 2021
Rivian's massive IPO puts spotlight on EVs
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