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Lotus Completes Fundraising Round Valuing Technology Arm At $4.5 Billion

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Lotus Technology just closed a funding round that values ​​the sports car maker’s technology arm at nearly $4.5 billion.

The company didn’t disclose how much money it raised or the investors involved. Reuters reported last year that Lotus Technology was aiming to raise between $400 million and $500 million, which would be valued at $5 billion to $6 billion.

Lotus says it will use the proceeds to develop global distribution networks and product innovation.

Probably the most important new model from the Lotus brand is the 2024 Eletrewhich was unveiled in late March as the first in a series of three lifestyle electric vehicles that will transform the brand now that it is owned by Geely.

Also read: Lotus aims to sell 100,000 cars a year by 2028

The Eletre uses a new EV platform that will underpin others lotus models and includes 800 volt technology. While Lotus is yet to reveal many key details about the SUV, it is believed that it will have a battery pack in excess of 100kWh and should be capable of a range of 373 miles (600km) on a single charge. In addition, Lotus promises that a full charge will only take 18 minutes.

The first variant of Eletre to market will do so with a pair of electric motors that together deliver 592 hp, allowing it to reach 62 mph (100 km/h) in under 3 seconds and a top speed of 160 mph (257 km/h). h) to reach ). Customers will be offered two other power outputs, one of which is said to be capable of around 690 hp.

After the Eletre, there will be an all-electric four-door coupe designed to take on the Tesla Model S and Porsche Taycan. This model is currently codenamed Type 133 and will be followed by a Porsche Macan competitor in the middle of the decade.



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Elon Musk says Tesla’s Cybertruck will be able to ‘serve briefly as a boat’ to cross rivers and lakes

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That
Tesla Cybertruck.
Tesla

  • Elon Musk tweeted new details about Teslas upcoming cybertruck.
  • He said the pickup will be able to float and serve as a boat for a short time.
  • Tesla says the Cybertruck will go into production next year, two years behind schedule.

Over the years, Tesla CEO Elon Musk has slowly revealed details about his company’s long-delayed cybertruck pickup. He said so on Thursday electric truck will be able to swim and work like a boat for short periods of time.

“The Cybertruck will be waterproof enough to temporarily serve as a boat, allowing it to cross rivers, lakes and even seas that aren’t too choppy,” Musk tweeted.

Years of delays have left pre-orderers and industry watchers wondering when the Cybertruck will be able to launch simply as truck. Tesla unveiled the unique looking model at a sparkling event in 2019 and planned to go on sale in 2021 but now says production will begin in 2023.

In the meantime, ford, General Motorsand the California startup Rivian have all released their own battery powered pickups.

Musk has a habit of making promises about future products and technologies that are hard to keep. He has said that rocket engines will allow what is to come Tesla roadster sports car to float. For years he has said that Tesla is on the verge of developing fully self-driving cars.

Some specifics of the Cybertruck have changed in the three years since its unveiling. The truck will cost more than the Tesla, which originally cost around $40,000 Applied, Musk told shareholders in August. At the end of last year he presented the first models will have four engines and rear-wheel steeringgiving them the ability to turn on the spot like a tank or drive diagonally.

Tesla says two more delayed models will go into production next year: the semi-truck and the roadster sports car.

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Everrati delivery time stretches to a year due to strong demand

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Everrati may have only been founded in 2019, but the EV conversion company has already expanded beyond its home country of Great Britain to the USA and Europe.

Demand has also grown so much that the wait for some conversions has stretched to a year.

Everrati offers a diverse range of conversions, from classic Land Rovers to the Porsche 911 of the 964 generation and even the Ford GT40 (fortunately only replicas). The most popular is the 911 conversion, with conversions being done in both the UK and US. In the US, the conversion will be carried out by local partner Aria Group, based in Irvine, California.

According to Everrati, many of his clients fall into the Millennial and Gen-Z camps. They would like cars from the ’80s and ’90s, but with electric drives, the company says.

Ford GT40 electric conversion by Everrati

Ford GT40 electric conversion by Everrati

“Our cars truly capture the imagination of sustainability-conscious automotive enthusiasts who flock to Everrati to experience the next generation of iconic car ownership,” Justin Lunny, CEO and founder of Everrati, said in a statement.

The price for one of the conversions is not exactly cheap. The 911 conversion starts at £250,000 (approx. $276,550). However, Everrati offers much more than a powertrain swap. Everrati develops its electric powertrains individually for each model in its portfolio, with components positioned to best preserve the vehicle’s original driving experience.

For example, the GT40 conversion features a shifter that, in race mode, allows the driver to select ‘virtual’ gears, with each shift synchronized with sound generators and torque delivery to give the effect of actually shifting. There’s even a momentary pause in power delivery to simulate the feeling of the rider lifting the pedal.

In addition, Race mode also activates sound generators that deliver 110db of simulated V-8 exhaust sound. The seats even have transducers so you can feel the sound.

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2023 Buick Enclave Review, Pricing, and Specs

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overview

The Enclave 2023 is Buick’s Enter the fiercely competitive mid-size luxury SUV game and it falls short. Despite its attractive styling and value-driven packaging, the Enclave just can’t compete with luxury brand competitors, many of which cost just a few thousand dollars more. Viewed through the lens of premium rather than sheer luxury, the Enclave finds its place among a number of competitors that share the same line, including the Acura MDX and the Infiniti QX60 as well as high-end versions of the Kia Telluride and the Jeep Grand Cherokee L. All models come with a smooth 3.6-liter V6, and Buick has taken extra steps to create a muffled cabin that relaxes on long road trips. The generous list of standard features also helps the Enclave advertise itself, but buyers cross-shopping similarly sized SUVs are turning it down bmw, Mercedes Benzand Volvo will find that the Enclave’s presentation lacks the polish that makes these European offerings more desirable.

What’s new for 2023?

The Enclave’s Sport Touring Package, available only on entry-level Essence trim, swaps its polished 20-inch wheels for gloss black-painted ones for 2023. The only other change to the Enclave is a new exterior color: Moonstone Gray Metallic.

Prices and which to buy

Spending big bucks on the top-of-the-line Avenir model doesn’t quite get you the luxury setting we expect from a premium SUV, so we’d save the money and go with the entry-level Essence. It’s a well-appointed family vehicle with plenty of features – like Wi-Fi, leather seats and six USB ports – that will keep passengers happy. We’d recommend treating yourself to the Sport Touring Package, which swaps out the Essence’s 18-inch wheels for more attractive 20-inch wheels and adds body-colored door handles for a more streamlined look.

engine, transmission and performance

Under the hood of each Enclave is a 3.6-liter V6 developing 310 hp. It drives either the front wheels or all four wheels via a discreet nine-speed automatic. Our loaded Avenir test vehicle made it on our test track 60 km/h in 6.5 seconds. It’s not the fastest crossover, but the Enclave is fast enough that there’s never a worry when merging onto the freeway, and the engine goes about its work while exiting the passenger cabin undisturbed. A well-damped suspension helps the three-row SUV hide its bulk, but it never feels quite as sporty as, say, the Audi Q7. Instead, the Enclave trades comfort for a luxurious ride that glides over pockmarked asphalt and barely registers hard impacts. The steering offers a fair amount of feedback for a crossover with crisp response and moderate effort. For those who need towing capacity, the Buick can tow up to 5000 pounds when properly outfitted.

Fuel consumption and MPG in the real world

It’s unfair to expect economy car efficiency from a mighty threesome like the Enclave, but rivals like that do Volvo XC90 simply outshine the Buick in our test. While the EPA’s ratings have these people carriers in a close heat with each other, the XC90 has comfortably beaten its EPA highway estimate. On our economical 75 mph stretch of highway, which is part of our extensive testing program, the four-wheel drive enclave Avenir delivered exactly as promised: 25 mpg. Not bad, but not on the level of the others. For more information on the Enclave’s fuel economy, see EPA website.

Interior, comfort and cargo

The Enclave’s cabin is as spacious inside as you would expect from a vehicle of this size, and Buick has incorporated many comfort and convenience features. Overall, the interior design is nice and practical, but the quality of materials and attention to detail keep the Enclave from being competitive with its luxury brand rivals. The wood trim looks and feels chintzy, the sun visors for the optional panoramic roof aren’t powered, and only the second-row passenger-side seat slides forward to allow third-row passengers to get in and out – a clear reduction in costs affects comfort. If cargo space is your primary concern, the Enclave is the best choice in this segment, offering the most cubic feet of storage in any of its configurations. In our tests, it swallowed a whopping 38 carry-on boxes with all the seats down and had room for an impressive five carry-on bags behind its electrically operated third row of seats.

infotainment and connectivity

Nestled in the dash between two asymmetrical air vents is the Enclave’s standard 8.0-inch IntelliLink touchscreen infotainment system. The interface is user-friendly and presented in a beautiful arrangement with crisp graphics and a wealth of features. Wireless Apple CarPlay and Android Auto are both standard, and users can connect their devices to the internet via a built-in Wi-Fi hotspot. Navigation with real-time traffic and weather updates is optional, as is a wireless charging pad for smartphones. All three rows of seats also have two USB ports for charging devices.

Safety and driver assistance functions

A lot of standards driver assistance technologies are offered even on the preferred base model, but buyers wanting to upgrade to features like adaptive cruise control will need to upgrade to higher trim or purchase an option package. For more information on the Enclave’s crash test results, visit the National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Road Safety (IIHS) Web pages. Key security features include:

  • Standard automated emergency braking with pedestrian detection
  • Lane Keeping Assist with Lane Keeping Assist as standard
  • Available adaptive cruise control

Warranty and Maintenance Coverage

Buick offers the most powertrain warranty coverage among its main competitors and even sweetens the deal with a free service visit within the first year of ownership. The XC90’s powertrain warranty isn’t as long as the Buick’s, but the Volvo offers longer free maintenance and more years of corrosion protection.

  • The limited warranty is four years or 50,000 miles
  • The powertrain warranty is six years or 70,000 miles
  • Free maintenance is covered for the first visit

specifications

specifications

2022 Buick Enclave Avenir AWD
Vehicle Type: Front Engine, Front/All Wheel Drive, 7 Passenger, 4 Door Wagon

PRICE
Base/as tested: $58,295/$60,450
Options: Avenir Technology Package (adaptive dampers, upgraded headlights), $1595; trailer pack, $650;

ENGINE
DOHC 24-valve V-6, aluminum block and heads, direct injection
Displacement: 223 inches33649 cm3
Power: 310 hp at 6800 rpm
Torque: 266 lb-ft at 2800 rpm

TRANSMISSION
9-speed automatic

CHASSIS
Suspension, F/R: Struts/Multilink
Brakes, F/R: 13.6″ ventilated disc / 12.4″ ventilated disc
Tires: Continental CrossContact LX20
255/55R-20 107H M+S TPC

DIMENSIONS
Wheelbase: 120.9 inches
Length: 204.8 inches
Width: 78.8 inches
Height: 69.9 inches
Passenger volume: 157 ft3
Cargo volume: 24 ft3
Curb weight: 4687 lbs

CD TEST RESULTS
60mph: 6.5 sec
1/4 mile: 15.0 sec at 94 mph
100mph: 17.2s
130mph: 31.3s

Omit results above 1 foot rollout from 0.3 sec.
Rolling Start, 5-60 mph: 6.8 sec
Top gear, 30-50 mph: 3.3 sec
Top gear, 80-110 km/h: 4.6 sec
top speed (CD Estimated): 130mph
Braking, 70-0 mph: 176 ft
Road holding, 300 ft skidpad: 0.83 g

CD FUEL SAVING
Observed: 16 mpg
75-mile highway driving: 23 mpg
Freeway range: 490 miles

EPA FUEL ECONOMY
Combined/City/Highway: 20/17/25 mpg

CD EXAMINATION EXPLAINED

More features and specifications

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