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Tag: car

  • Ford recalls nearly 1,200 Everest, Explorer SUVs

    Ford recalls nearly 1,200 Everest, Explorer SUVs

    Ford has recalled 1,182 Everest and Explorer SUVs in Vietnam for engine control module software failure and a rearview camera display error.

    The Everest recall involves 185 vehicles, all produced at Ford’s factory in Thailand between June 28, 2022, and April 4 this year

    The American carmaker said the software failure causes the AdBlue warning light, which indicates the car could drive another 2,400 km before the liquid needs to be refilled, to flash 500 km earlier.

    A software update, which takes around 20 minutes, would fix the issue, it said. AdBlue is an additive injected into the exhaust system to reduce the car’s harmful NOx gas, helping the Everest meet Euro 5 emission standards.A tank lasts 10,000-15,000 km.

    The other recall involves 997 Explorer cars imported from the U.S. and manufactured between Oct. 19, 2018, and May 2, 2023.They have faulty camera control software which causes the central screen to display a blue mark or turn blue/black when in reverse or when the 360-degree mode is on.

    To fix the problem, a new rearview camera and wiring and a software update are needed, which should take about 60 minutes.Ford earlier recalled 1,870 Transit vans assembled between July 22, 2022, and March 17, 2023, for defective steering column components.

    Bolts and screws used to connect the steering shaft to the steering wheel could be loose, leading to a loose steering wheel or unusual noises in certain situations.

    In the long run, the bolts could fall out, causing the driver to lose control and even crash. The recall started in Aug. 21 and will last three years.

    The faulty vans are fixed in 20 minutes.

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  • EV maker VinFast to invest $1.2B in Indonesia

    EV maker VinFast to invest $1.2B in Indonesia

    Vietnam’s first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (US$1.2 billion) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko.

    Moeldoko told a press on Nov. 6 that the construction will begin as soon as possible. He, however, did not reveal further details of the plan.

    Vinfast is one of the largest EV manufacturers in Southeast Asia, with its cars exported to Europe and America, the official said, adding its investment in Indonesia can help form an EV ecosystem in the country.

    Indonesia’s media reported that in early September, Vinfast leaders had a meeting with Indonesian Trade Minister Zulkifli Hasan who pledged to facilitate the automaker’s operation.

    Secretary General of the Association of Indonesia Automotive Industry (Gaikindo) Kukuh Kumara said in late October that Vinfast has discussed and expressed its willingness to join the association.

    The manufacturer is completing necessary procedures with the Indonesian government before officially entering the country’s auto market, he said.

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  • Former bosses of Ford Vietnam, Be join transport firm Tasco

    Former bosses of Ford Vietnam, Be join transport firm Tasco

    Pham Van Dung, former CEO of Ford Vietnam, and Nguyen Thien Minh, co-founder of ride-hailing app Be, have taken up jobs at transport services provider Tasco.

    Dung has become chairman of SVC Holdings, a Tasco subsidiary and Vietnam’s biggest car distributor with a market share of 11.2%.

    Minh is the new chairman of Vietnam Electronic Toll Collection Company (VETC), another subsidiary, and Tasco’s Technology Council.

    Dung’s job description includes operations, developing strategic partners, research, initiating new projects, and expanding markets, including abroad.

    He has more than 20 years’ experience at global corporations such as GM-Daewoo, Ford and Inchcape, and has held a number of senior positions in the auto industry. From 2015 to 2022, he was CEO of Ford Vietnam, the first Vietnamese to be appointed to this position.

    Minh has more than 20 years of experience in building technology platforms at major firms and startups in the U.S., Europe and Singapore such as PayPal, Wells Fargo, BestBuy, OpenTV, DTT, and American Airlines.

  • Luxury car brands offer big discounts in October

    Luxury car brands offer big discounts in October

    Mercedes, BMW, Audi, and Volvo have been slashing their prices by hundreds of millions of dong (VND100 million = US$4,200) in October.

    Audi is offering discounts on its A4, A6, A8L, Q2, Q3, Q5, Q5 Sportback, Q7, A7 Sportback, and Q8 models of up to VND300 million.

    Mercedes is offering discounts of 6-10% on some locally assembled models such as the C-class and E-class, and 3% on imports like the GLB and GLS.

    The C-class, which has a price tag of VND1.599-2.099 billion, is getting discounts of 6%, equivalent to VND95-125 million.

    Mercedes is subsidizing registration, which costs 10% in HCMC and 12% in the north, by half for locally made vehicles. The registration fees are calculated based on car prices in each locality. The rates are 12% in Hanoi and northern Hai Phong City, and 10% in Ho Chi Minh City.

    Volvo also bears half the registration cost for all models except the V60 Cross Country line for which it pays the full fee.

    Truong Hai, a BMW distributor, is offering big discounts.

    The prices of the X5, Series 5, Series X3, and Series 3 have been cut by VND160 million, VND80 million, VND70 million, and VND50 million.

    Some luxury car distributors said demand is up in October, though still lower than a year ago.

    Analysts do not expect vehicle sales to reach last year’s figure of 500,000.

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  • September auto sales hits 6-month high

    September auto sales hits 6-month high

    Vietnam’s auto sales in September hit their highest peak since March, totaling 25,375 units, demonstrating a slight increase in demand.

    But the figure for the period is still a 24% year-on-year drop, according to the Vietnam Automobile Manufacturers Association (VAMA).

    In the first nine months sales dropped 29% year-on-year to 209,929 units.

    Truong Hai Auto Corporation (Thaco) sold more cars here than any other firm, totaling 67,228 units in the period, down 34% year-on-year.

    Toyota followed with 38,490 units, down 40%.

    Ford bucked the trend with 71% growth to 26,484 units.

    Mitsubishi and Honda rounded out the top five.

    Industry insiders said that the rise in September sales came as a batch of new models were released in August and many dealers offered large promotions to boost demand.

    Customers also want to take advantage of a reduction in registration fee, which will only last until the end of the year.

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  • VinFast revenues jump on EV sales to Vietnam affiliate

    VinFast revenues jump on EV sales to Vietnam affiliate

    Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder.

    About 60% of VinFast’s deliveries, or more than 6,000 vehicles, went to Green SM (GSM), a Vietnam-based taxi operator and leasing provider 95% owned by VinFast’s founder, Pham Nhat Vuong, executives said on a call with analysts.

    VinFast had not provided that breakdown in its published earnings.

    For the past two quarters GSM has accounted for about two-thirds of VinFast’s sales.

    VinFast recorded US$343 in revenue for the three months ended Sept. 30, up 159% on the year. Its net loss widened 33.7% to US$623.

    The company aims to hit break even within two years and run its factory in Vietnam at full capacity by then. The factory in Haiphong has the capacity to produce 250,000 electric vehicles (EVs) per year but has been running far short of that.

    GSM launched Vietnam’s first pure EV taxi service earlier this year with a target of starting with 600 VinFast EVs. It also operates a ride service with VinFast electric scooters, executives said.

    It was not immediately clear how many of the 13,000 vehicles GSM has bought from VinFast over the past two quarters would go into its fleet or how many it would hold to lease to customers.

    VinFast Chief Executive Le Thi Thu Thuy said VinFast planned to expand its partnership with GSM to include Indonesia and India, where it is setting up smaller-scale factories that will assemble vehicles shipped in parts from Vietnam.

    “For VinFast, GSM is a very good partner,” she told analysts. “There have been an overwhelming number of questions over GSM.”

    Executives said VinFast expected to have its first U.S. franchise dealership open by the end of the year and was considering proposals from 27 dealers to sell its vehicles, including a second model, the VF 9, it expects to launch this year.

    VinFast, which was formed in 2017 and began making EVs in 2021, plans to set up kit assembly plants in both India and Indonesia to take advantage of EV incentives on offer in those markets, Thuy said.

    VinFast has entered the market at a time when EV prices are under pressure, led by cuts at market leader Tesla (TSLA.O)and a range of Chinese companies.

    VinFast, backed by Vingroup, Vietnam’s largest conglomerate, was listed on the Nasdaq in August after a merger with a blank-check company.

    Shares in VinFast were up 4.5% at US$8.4 each by 1410 GMT.

    The company, which ended the quarter with US$130 million in cash, said it expected to receive around US$1.2 billion in grants from its parent company, its founder Vuong, and two key shareholders in the next six months.

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  • Thaco H1 profit falls as auto market remains listless

    Thaco H1 profit falls as auto market remains listless

    Automaker Thaco Group reported first half profits of VND1.076 trillion (US$45.6 million), or less than a quarter of last year’s figure, amid an auto market slump.

    Its profit margin of 2.1% was a fifth of the rate in the first half last year, the company said in a financial report it sent to the Hanoi Stock Exchange.

    The car market has been sluggish since the last quarter of 2022. Thaco Group recently slashed the prices of many models it manufactures and distributes by hundreds of millions of dong (VND100 million = $4,114) to stimulate demand.

    Thaco Group still has a sales target of over 120,000 vehicles for this year, including 96,000 passenger cars, 23,500 trucks and 1,500 buses and mini buses.

    According to statistics from the Vietnam Automobile Manufacturers Association, Thaco sold some 58,000 cars in the first eight months of this year, down 40% year-on-year and only 48.3% of its target.

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  • Porsche Vietnam presents new Cayenne

    Porsche Vietnam presents new Cayenne

    The third generation of Porsche “Sports Car for Five” features comprehensive upgrades to the powertrain, chassis, design, and equipment, further enhancing driving performance and offering luxurious comfort.

    With the vision “Further Together”, Porsche Vietnam unveiled the all-new and thoroughly refined Cayenne. The third generation of the luxury SUV made its national debut at the Contemporary Space of Porsche Cayenne at Porsche Centre Saigon and Porsche Studio Hanoi, equipped with a highly digitalized display and control concept, new chassis technology, and innovative high-tech features.

    Ever since its world premiere in 2002, the Cayenne has been a game-changer. Combining the performance characteristics of a Porsche with luxury and utility, it is the definitive sports car in the SUV segment and a true pioneer.

    Since its establishment in 2007, Porsche Vietnam has been turning sports car dreams into reality. One-third of all Porsche vehicles delivered in Vietnam are Cayenne models, making it the best-selling Porsche here to date.

    “We are excited to introduce the new Cayenne in Vietnam with a tremendous product upgrade. The new Cayenne creates more opportunities for Vietnamese Porsche fans to experience their dream sports car than ever before,” said Andreas Klingler, general director of Porsche Vietnam.

    Key highlights of the new Cayenne include high-definition HD Matrix LED Headlights that provide road illumination tailored to every driving situation, an air quality system that filters pollutants from the air in the interior, and, for the first time in the Cayenne, front passengers have their own infotainment display—for streaming videos during the trip, for example.

    With its extensively upgraded design and more powerful engine range, the Cayenne emphasizes its claim to be the sportiest car in its segment.

    A highly significant model launch adds to Porsche Vietnam’s momentum. Since it was officially established in 2007, Porsche Vietnam has grown to become one of the most exciting markets for Porsche, both from a global and regional perspective.

    After marking its 15th anniversary in 2022, Porsche Vietnam carries a positive momentum forward into 2023, Porsche’s 75th anniversary year, with the launch of the new Cayenne. Porsche has maintained a steady position as Vietnam’s top luxury sports car brand.

    “We see an increasing number of Porsche cars on the roads of Vietnam. Our biggest achievement so far is building and spreading sports car fascination, nurturing a passion for the brand, and turning sports car dreams into reality. This reflects the aspirations that motivate us, and more notably, it underscores the passionate support from our valued customers and fans in Vietnam,” Klingler said.

    At Porsche, the brand interacts with sports car enthusiasts in engaging and innovative ways. Porsche’s already attractive product portfolio now receives a boost with the new Cayenne, with a comprehensive range of upgrades ready to take any family further together.

    The all-new Cayenne: Featuring Porsche Driver Experience

    Porsche has integrated a completely revised display and control concept into the new Cayenne.

    The new Porsche Driver Experience, first introduced in the Porsche Taycan, focuses on the driver’s axis and optimizes operation. Functions that the driver frequently uses are located directly on or immediately next to the steering wheel.

    For example, the lever located on the left behind the steering wheel now has additional functions for operating the driver assistance systems. The automatic transmission selector lever in the new Cayenne is now on the dashboard.

    This makes room on the new center console for storage compartments and a large air conditioning controller in an elegant black panel design.

    Large, easily accessible controls combined with mechanical air conditioning switches and a haptic volume controller ensure optimum operability and a refined look.

    A key feature of the new Porsche Driver Experience is the balance between digital and analog elements. For the first time, the redesigned cockpit of the Cayenne includes a fully digital 12.6-inch instrument cluster with a curved and free-standing design and variable display options. An optimized head-up display is also available.

    The standard 12.3-inch central Porsche Communication Management display integrates harmoniously into the new dashboard and provides access to all the relevant vehicle functions.

    Native apps such as Spotify® and Apple Music® are provided to optimize connectivity in the new Cayenne. A 10.9-inch display is now available for the first time on the passenger side.

    This enriches the front passenger’s driving experience by displaying performance data, providing separate access to the infotainment system controls, and, depending on the market, offering the option of streaming video content on the road. A special foil ensures that the driver cannot see this display.

    Refined design, innovative lighting technology

    The new Cayenne now has a particularly expressive appearance. A new front end combined with more strongly arched wings, a new bonnet, and technically appealing headlights emphasize the vehicle’s width.

    Three-dimensionally designed taillights, uncluttered surfaces beneath, and a new rear apron with an integrated number plate holder characterize the rear-end design of the new Cayenne.

    An expanded color palette with three new colors, lightweight sports packages saving up to 33 kilograms for the Cayenne Coupé, and a new extensive range of 20, 21, and 22-inch wheels make it possible to configure the new Cayenne individually and dynamically.

    Matrix LED headlights are now standard in the new Cayenne. HD matrix LED headlights are a new optional feature.

    With two high-definition modules and more than 32,000 pixels per headlamp, their innovative technology picks out other users and blocks out the light of the high beam for them with pixel accuracy so as not to dazzle them.

    The brightness of the modules can be regulated in more than 1,000 steps, depending on the driving situation. Customized light modes increase safety and comfort in different driving situations.

    Porsche has also introduced an air quality system in the new Cayenne.

    As standard, the vehicle uses predictive navigation data to detect approaching tunnel entrances and automatically activate air recirculation.

    Optionally, a sensor detects the level of fine dust particles in the air and passes them through the fine dust filter multiple times if necessary. Furthermore, an ionizer removes many germs and pollutants from the air, which is particularly beneficial for allergy sufferers.

    In addition, customers can use a comprehensive range of new and optimized assistance systems. These include the active speed limiter and the swerve assist, the cornering assist, and the improved Porsche InnoDrive as part of the adaptive cruise control.

    This means that the new Cayenne is even better at helping its driver in dangerous situations as well as in traffic jams on motorways and main roads.

    Increased range between ride comfort and performance

    Porsche now equips the Cayenne at the factory with a steel spring suspension, including Porsche Active Suspension Management.

    New shock absorbers with 2-valve technology and thus separate rebound and compression stages allow optimized performance in all driving situations.

    Comfort at slow speeds, handling during dynamic cornering, and pitch and roll support have been noticeably improved.

    The driving experience can be additionally enhanced with the new adaptive air suspension with 2-chamber, 2-valve technology. This improves the driving experience with a soft suspension characteristic, stabilizes the vehicle, and simplifies on-road and off-road handling compared to both the standard suspension and the predecessor model.

    At the same time, the adaptive air suspension improves driving precision and performance and reduces body movements in dynamic driving situations. The suspension also offers an even sharper differentiation between Normal, Sport, and Sport Plus driving modes.

    The all-rounder: More power and sportier

    In Vietnam, the new Cayenne debuts with three different versions.

    An extensive refinement of the four-liter V8 biturbo engine developed by Porsche replaces the previous V6 engine in the new Cayenne S.

    With a maximum output of 349 KW (474 PS) and a torque of 600 Nm, 25 kW (34 PS) and 50 Nm more than its predecessor, it accelerates both the SUV and the SUV Coupé to 100 km/h in 4.7 seconds.

    The top speed is 273 km/h. The entry into the world of the Cayenne comes with an optimized three-liter V6 turbo engine. It now generates 260 kW (353 PS) and 500 Nm, which is 10 kW (13 PS) and 50 Nm more than before.

    The Turbo GT, designed for maximum on-road performance, is still the top model in the Cayenne range in most Porsche markets.

    It is available exclusively as a coupé and benefits from all the optimizations and innovations of the model series. In addition, the output of the four-liter V8 biturbo engine of the Turbo GT has been increased by 14 kW (19 PS) to 485 kW (659 PS).

    The Cayenne Turbo GT accelerates from zero to 100 km/h in 3.3 seconds, with a top speed of 305 km/h. The all-new Cayenne models are available to order now from Porsche Vietnam.

    The price of all 5 versions of Cayenne is VND5.56-14.36 billion. All prices are estimated and include import tax, SCT, VAT, and local service packages.

    Porsche in Vietnam continues to grow with Porsche Centre Saigon in HCMC, Porsche Centre Hanoi, and Porsche Studio in Hanoi.

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  • Honda To Pull The Plug On Car Sales In Russia In 2022

    Honda To Pull The Plug On Car Sales In Russia In 2022

    Honda Motor Company has said that it won’t be supplying new cars to its authorized dealers in Russia in 2022 as the company is trying to restructure its operations. The Japanese automaker has confirmed that it would keep its presence in the Russian market with motorcycle and power equipment sales only. The news comes after a drastic drop of 50 percent in its sales operations last month in Russia.

    Even in India, Honda has shut down its Greater Noida plant and has shifted its entire production unit to the company’s other facility in Tapukara, Rajasthan. The carmaker has said that it has realigned its production operations “to maintain sustainability by leveraging production and supply chain efficiencies.” From this month, the manufacturing operations for vehicles and components will happen at the Tapukara plant for all domestic sales and exports. Until last month, the Greater Noida plant produced models like the Honda City sedan, CR-V SUV, and the Civic sedan. While the transition will see the production of the City move entirely to the Tapukara unit, at present, the company has also stopped the production of its flagship models, the Civic sedan and CR-V SUV.

    As far as the Russian market is concerned, Honda does not have any manufacturing unit in Russia, unlike its other Japanese counterparts like Toyota and Nissan. All Honda models are sold as CBUs in the Russian market, and the carmaker sold just 79 units last month. Its sales from January to November were down by 15 percent at 1,383 units, while over 1.3 million new cars were sold in Russia during that period.

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  • Ford recalls over 3,200 Everest, Explorer cars for multiple problems

    Ford recalls over 3,200 Everest, Explorer cars for multiple problems

    Ford is recalling more than 3,200 Everest and Explorer SUVs to fix a battery fault, incorrectly installed exhaust filters, and faulty camera control software.

    In the case of the Everest, 1,256 cars manufactured between Nov. 24, 2021, and Feb. 3, 2023, have a low-battery charge fault, which could cause the transmission to engage “park” while moving at low speeds.

    Due to a software problem, if the battery level drops below a critical threshold, the transmission may shift into park when the vehicle is traveling at below six kilometers per hour.

    This may cause a sudden stop without the rear brake lamps illuminating, increasing the risk of an accident.

    Two cars manufactured between May 19, 2022, and June 28, 2023, are also being recalled because their diesel particulate filter has not been correctly fitted in the exhaust system to filter soot out of the exhaust gases to ensure that the vehicle complies with emission standards.

    The incorrectly fitted filter also leads to more frequent exhaust gas regeneration, resulting in reduced fuel efficiency and oil life, and non-compliance with emissions regulations.

    The Everest, Ford’s top-priced SUV, will see 1,967 recalled because of a failure in the 360-degree camera system, causing a loss of rear camera image while in reverse.

    A loss of video frames in the image processing module occurs during re-initialization or when the cameras enter sleep mode during the re-initialization process. This causes a blue image or a full blue or black screen.

    The Everest began to be recalled on Aug. 31 and the Explorer on Sept. 5.

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  • Diesel price continues to rise

    Diesel price continues to rise

    Diesel price went up 1.81% to VND23,050 per liter on Monday, continuing its climb, which began four months ago.

    The fuel has seen its price increase by over 30% since May 11.

    Authorities said that fuel prices have been fluctuating amid concerns about tightened fuel supply after Russia extended its production cut as OPEC+ countries continued to scale down production, while China’s demand recovery has been slower than expected.

    RON92 gasoline fell 0.1% to $103,14 per barrel last week, while RON95 dropped 0.16% to $108.94.

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  • My Porsche App Now Integrated With Apple CarPlay

    My Porsche App Now Integrated With Apple CarPlay

    Porsche has expanded the functionality of the My Porsche App by integrating it with Apple CarPlay. This added functionality has established Porsche as the first automotive manufacturer to integrate vehicle functions into the CarPlay experience.

    The My Porsche App serves as a centralized hub for the digital management and control of vehicles. With this update, users can now access a range of vehicle functions directly within CarPlay. The integration brings features like real-time battery charge status, climate control adjustments, audio settings, such as sound profiles and radio station selection,  and ambient lighting adjustments. and seamless navigation input.

    Additionally, these functions can be combined into preset “wellness modes,” such as “relax,” “warm-up,” and “refresh,” accessible via quick actions within CarPlay. Furthermore, users can control various vehicle functions using Siri while driving their Porsche.

    Moreover, the My Porsche App integrates with third-party platforms like Apple Music, enabling users to access their associated apps directly through the Porsche Communication Management system.

    The updated app also displays images of the specific Porsche model within the CarPlay interface.

    To get started with this the user has to only do a quick QR code scan displayed on the PCM. As the new features get developed within the Carplay, the customers will get updates to their My Porsche App. The updated functionality has debuted in the new Porsche Cayenne, which is available now and will be rolled out to other Porsche model lines.

    “We are excited to further improve the My Porsche App and use the capabilities of Apple CarPlay to deliver a truly enhanced customer experience,” says Mattias Ulbrich, CEO of Porsche Digital and CIO of Porsche AG. “Technology and digitization are crucial factors for the enduring fascination of our brand – now and in the next 75 years.”

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  • Swiss Pension Funds Investing in Rapid Charging Stations

    Swiss Pension Funds Investing in Rapid Charging Stations

    Zurich-based energy transformation specialist EIP is putting the assets of Swiss pension funds into a joint venture for electric mobility. The partners want to set up 100 new domestic charging stations for e-cars.

    Energy Infrastructure Partners (EIP), a Zurich-based energy transformation asset manager, signed an agreement with French e-charging station operator Electra on behalf of a group of Swiss pension funds, according to a statement Tuesday.

    EIP manages the Credit Suisse Investment Foundation (CSA), which focuses on investments in Swiss energy infrastructure, for domestic pension funds. EIP will manage 49.9 percent of the new joint venture with Electra on behalf of CSA, and is expected to contribute 200 million euros,in initial capital by 2026.

    The goal of the joint venture is to increase Electra’s installed charging stations in Switzerland and Austria. Plans call for an expansion of 100 fast-charging stations in each country by 2026. In addition to sites already secured in Switzerland, primarily in Geneva and Lausanne, Electra says it has an extensive pipeline of sites currently under review.

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  • Siri can now remotely lock your Tesla’s doors and much more

    Siri can now remotely lock your Tesla’s doors and much more

    Over the weekend, the Tesla app in the App Store was updated to version 4.24.0 and the changelist included one sentence: “Access your vehicle controls and climate from the Apple Shortcuts app.” But within that small sentence is a big change. Previously, Tesla owners could remotely handle certain tasks through the Tesla app. But with the update, the Tesla app now integrates with the Apple Shortcuts app allowing Tesla owners to say “Hey Siri” on their iPhone or Apple Watch to lock and unlock the door of their Tesla vehicles remotely, and more.
    The list of supported shortcuts, will allow you to say “Hey Siri” to get your Tesla to start and stop charging; start and stop preconditioning; open and close the trunk, the front trunk, and the charge port; enable and disable Sentry Mode and Dog Mode; and as we previously noted, it will remotely lock and unlock the doors. It also will allow Tesla users to control some basic functions via their iPhones.
    Two paid apps in the App Store, Tessie, and Watch app for Tesla, allow you to use Siri Shortcuts on your iPhone or Apple Watch to control your Tesla. But now that this ability is found in the native Tesla app for free, Tesla owners can ask Siri to remotely perform some tasks for their car without having to pay for that convenience. It should be pointed out that the Shortcuts app allows iPhone users to use both ready-made and custom shortcuts to handle tasks by asking Siri to perform them.

    Apple continues to slowly but surely take Tesla under its wing. In December, Apple Music became available on Tesla as part of an update released for the holiday season. Just last month, AirPlay code was discovered in an update to the iOS Tesla app. In theory, this would suggest that in the future, an iPhone user with a Tesla might be able to “cast” his iPhone screen to the Tesla entertainment screen.

    AirPlay allows users to wirelessly stream audio, video, photos, and other content from their iPhones to a larger screen. Instead of using Bluetooth to stream their music over the speakers on their Tesla vehicles, users could rely on AirPlay instead.
  • VinFast becomes 3rd biggest EV maker globally

    VinFast becomes 3rd biggest EV maker globally

    VinFast has become the third most valuable electric vehicle maker behind Tesla and BYD with a market cap of US$85 billion.

    Its shares listed on the U.S.’s Nasdaq stock exchange Tuesday at $22 and closed at over $37 billion.

    VinFast’s market cap is higher than all EV startups in the U.S. combined.

    It also exceeds that of Ford Motor, GM, BMW, Volkswagen, and Mercedes-Benz.

    American company Tesla leads the industry with a market cap of $738 billion followed by China’s BYD with $87 billion.

    VinFast is followed by another Chinese company, Li Auto, with $40 billion.

    But data from Bloomberg shows that shares of EV companies that listed through special-purpose acquisition companies, like VinFast, have plummeted after listing.

    U.S. firms Lordstown Motors lost 99% of its value since its listing in October 2020 and Faraday Future 98% since July 2021.

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