In a dramatic turn of events, Tesla witnessed a staggering 12% plunge in its stock value on Thursday, January 25, following CEO Elon Musk’s cautionary statements about an anticipated slowdown in sales growth for the electric vehicle (EV) giant. Musk’s remarks, delivered on Wednesday, included a warning that growth would be “notably lower” as Tesla shifts focus towards a more affordable next-generation electric vehicle slated for production at its Texas factory in the latter half of 2025.
While the promise of a cost-effective EV has the potential to boost deliveries in the future, Musk acknowledged the challenges in ramping up production due to the integration of cutting-edge technologies into the new model.
Tesla’s stock decline marked its most significant intraday percentage loss in over a year, resulting in a staggering loss of $80 billion in market value on Thursday alone. For the month, the company’s market capitalisation saw a substantial dip of approximately $210 billion.
The impact of Tesla’s decline reverberated through the EV sector, affecting shares of other electric vehicle manufacturers such as Rivian Automotive Inc, Lucid Group, and Fisker, which experienced drops between 4.7% and 8.8%.
In a highly anticipated move, MG enthusiasts are eagerly awaiting the unveiling of the third-generation MG3 at the upcoming Geneva International Motor Show on February 26, 2024. The glimpses already shared have ignited conversations among brand loyalists, creating a buzz of excitement leading up to the official reveal next month.
The design of the MG3 takes cues from MG’s more upscale models, notably the MG Cyberster sports car, evident in the sleek, swept-back headlights and streamlined bodywork. The front end of the MG3 exudes aggression with a sharp nose and intricate bonnet. A departure from tradition, the absence of a traditional grille is compensated by a bumper featuring a large intake, flanked by aerodynamic elements that enhance its sporty appeal. The rear showcases horizontal taillights and a dynamic bumper design, completing the contemporary aesthetic.
Inside, the MG3 is expected to undergo a modern revamp, potentially featuring a sizable 10.25-inch infotainment system reminiscent of the MG4.
Under the hood, the 2024 MG3 is poised to feature a hybrid powertrain, marrying a 1.5-litre petrol engine with a 2.1kWh lithium-ion battery and an electric motor, resulting in a robust total output of 174hp. This hybrid setup not only offers an eco-friendly alternative but also aligns with MG’s commitment to providing affordable vehicles.
For the entry-level models, a relatively milder 89kW 1.5-litre four-cylinder petrol engine is expected to power the MG3, catering to a diverse range of consumers with varying performance preferences.
In an interesting move, the new MG3 is rumoured to introduce autonomous emergency braking, although it’s projected not to achieve a five-star ANCAP rating under the 2023-2025 protocol. This strategic decision aligns with MG’s overarching goal of offering some of the most competitively priced cars in their respective segments.
As MG enthusiasts count down the days to the Geneva International Motor Show, the forthcoming reveal of the third-generation MG3 promises a blend of sleek design, cutting-edge technology, and a hybrid powertrain, reinforcing MG’s position as a key player in the automotive industry.
On another note, the company is reportedly making a significant and speedy return to our market, according to rising speculations and spy photos showing certain EV vehicles testing in Malaysia!
In a milestone development a decade after its inception, the Porsche Macan is set to embark on its second model generation, this time in an all-electric incarnation. The latest Macan 4 and Macan Turbo models aim to meet the diverse needs of Porsche enthusiasts seeking an SUV, combining progressive design, iconic Porsche performance, extended range and heightened everyday practicality.
Porsche’s commitment to cutting-edge technology is evident in the exclusive use of the latest generation of permanently-excited PSM electric motors on both the front and rear axles. This not only ensures outstanding efficiency but also facilitates precise reproducibility of power output. The electric prowess of these models is exemplified by their impressive numbers – the Macan 4, when combined with Launch Control, delivers up to 408PS of over-boost power, while the Macan Turbo reaches an astounding 639PS. Torque figures are equally impressive at 650 and 1,130Nm, respectively, translating into exceptional driving performance. The Macan 4 accelerates from 0 to 100km/h in 5.2 seconds, while the Macan Turbo achieves this feat in just 3.3 seconds, with top speeds of 220km/h and 260km/h, respectively.
Key to the electric prowess is a lithium-ion battery with a gross capacity of 100kWh, utilising Porsche’s newly developed Premium Platform Electric (PPE) with an 800-volt architecture. This innovation enables rapid charging capabilities, with a DC charging output of up to 270 kW, allowing the battery to reach 80% charge in approximately 21 minutes. The Macan also introduces an Integrated Power Box (IPB), enhancing efficiency, reducing weight, and optimising space.
Aesthetically, the new Macan boasts sharper proportions and the unmistakable Porsche Design DNA. With a longer wheelbase at 2,893mm which is 86mm longer than the previous model, shorter overhangs, and up to 22-inch wheels, the Macan exudes a dynamic and dominant presence. The distinctive headlights, divided into two parts, and the frameless doors contribute to the sleek and sporty design.
Porsche combines its design DNA with advanced aerodynamics through Porsche Active Aerodynamics (PAA), resulting in a drag coefficient of 0.25. This, coupled with features like an adaptive rear spoiler and active cooling flaps, makes the Macan one of the most streamlined SUVs on the market, positively impacting range and power consumption.
Beyond performance and design, the new Macan prioritises practicality. Electrification has led to increased luggage space, with the rear seat bench offering up to 540 liters in cargo mode. The ‘frunk,’ a second luggage compartment under the bonnet, adds an additional 84 liters. Fold down the rear seat backrest, and the rear luggage compartment capacity increases to an impressive 1,348 liters. The Macan also boasts a maximum towing capacity of 2,000kg.
Inside, the Macan features the latest-generation display and operating concept with up to three screens, including a 12.6-inch curved-design instrument cluster and a 10.9-inch central display. For the first time, the Porsche Driver Experience also includes a head-up display with augmented reality technology. Virtual elements such as navigation arrows are visually integrated seamlessly into the real world. The image appears to the driver at a distance of 10 metres and corresponds to the size of an 87-inch display.
Porsche’s commitment to driving dynamics is evident with the Macan’s all-wheel-drive system, electronically controlled Porsche Traction Management, and Porsche Torque Vectoring Plus. The optional rear-axle steering, a first for the Macan, contributes to a compact turning circle in urban traffic and exceptional stability at higher speeds.
The launch of the all-electric Macan underscores Porsche’s dedication to combining performance, style, and sustainability in its quest to redefine the future of mobility.
Mini, renowned for its blend of efficiency and driving pleasure, introduces the fully-electric fifth-generation Mini Cooper SE, promising an unparalleled driving experience in all weather conditions. This electric marvel, built on the iconic Mini Cooper platform, combines a classic go-kart feeling with cutting-edge technology, ensuring a thrilling drive regardless of the elements.
Featuring a slightly larger track width and extended wheelbase, the new Cooper SE delivers enhanced dynamism, especially on snow and ice. The 218hp electric motor provides instantaneous power, seamlessly channelled to the high-quality chassis technology. The car’s direct steering behaviour ensures agility, while the integrated braking system guarantees optimal safety even on slippery surfaces.
Navigating frozen inclines or downhill stretches is made safer with Active Slip Regulation, optimising traction and delivering up to 330Nm of maximum torque in a controlled manner. The high-voltage battery, boasting a 54.2 kWh capacity and a range of up to 402km in the WLTP test cycle, is strategically positioned in the vehicle floor, contributing to a well-balanced weight distribution. This design choice results in a low centre of gravity, coupled with superior suspension and damping properties, ensuring a smooth and responsive ride.
Reflecting on the brand’s 60-year history of innovation and reinvention, Mini stays true to its roots while embracing modern advancements. The classic Mini’s success on snow-covered roads during the 1960s Monte Carlo Rally inspires the contemporary Mini Cooper SE to master winter conditions confidently.
In terms of design, the reduced exterior of the Mini Cooper SE maintains a confident expression, staying true to the brand’s iconic style. This electric vehicle redefines the essence of the classic 3-door car, embodying the spirit of Mini’s journey over six decades. As an homage to the legendary classic Mini’s triumph on snow-covered roads, the fifth-generation promises an exhilarating driving experience with cutting-edge electric technology.
In a tribute to five decades of the iconic Golf, Volkswagen is set to unveil an upgraded version of its bestseller, promising an array of advancements for customers. The enhanced Golf series boasts a host of features, including a redesigned front end, next-generation infotainment system, and efficiency-focused drive systems.
The new GolfThe new Golf GTEThe new Golf GTIThe new Golf Variant
A standout feature marking this milestone is the illuminated Volkswagen logo, making its debut on the Golf. The LED headlights and reimagined IQ.Light 3D LED tail lights contribute to the refreshed exterior, providing a modern and dynamic appearance. The interior is equally impressive, featuring an intuitive infotainment system with a user-friendly touchscreen (screen diagonal up to 12 inches), along with touch sliders for temperature and volume control, creating an immersive driving experience.
Adding to the allure, the new IDA voice assistant takes centre stage, offering natural language interaction for controlling various in-car functions, accessing online information, and integrating the innovative ChatGPT chatbot, showcased at CES 2024.
The enhanced Golf series introduces new assist systems, such as the upgraded Park Assist Plus, which simplifies parking manoeuvres by detecting suitable spaces and initiating the parking process. Park Assist Pro now allows drivers to guide their cars in and out of parking spaces using their smartphones, adding a new dimension to convenience.
A significant technological addition is the Area View system, providing a comprehensive 360-degree all-around view by merging images from four cameras, enhancing visibility and ease of parking.
Under the hood, Volkswagen is bringing an array of updated drive systems to the Golf. The plug-in hybrid drives now offer increased power and an extended electric range of approximately 100 km. Additionally, these models are equipped with a DC quick-charging function, emphasising Volkswagen’s commitment to efficient and sustainable mobility.
The launch phase will witness a total of nine diverse options, including mild hybrid, plug-in hybrid, turbocharged petrol, and turbocharged diesel, catering to various preferences. The Golf GTI, known for its sporty performance, has undergone enhancements for even more power compared to its predecessor.
The new Golf models are expected to be available for order in the coming weeks, allowing customers to experience the evolution of this iconic model. As Volkswagen continues to push the boundaries of innovation, the enhanced Golf series pays homage to its rich history while embracing the future of automotive technology.
Hyundai and Kia have introduced an innovative technology called the Active Air Skirt (AAS) to optimise the efficiency of their electric vehicles (EVs). Focused on minimising aerodynamic resistance during high-speed driving, AAS aims to enhance the driving range and stability of battery-powered cars.
AAS operates by strategically managing the airflow entering through the lower part of the bumper. It adjusts turbulence around the vehicle wheels based on variable settings corresponding to the vehicle’s speed during high-speed driving. The system remains concealed during normal operation but becomes active at speeds exceeding 80km/h, precisely targeting aerodynamic resistance surpassing rolling resistance. AAS reverts to its stowed position at around 69km/h to avoid unnecessary operation within specific speed ranges.
Unlike fully concealing the entire front, AAS selectively covers only the front part of the tires. This tailored approach is designed to be more effective in improving aerodynamic performance, especially on the flat platform floor of the E-GMP platform. Additionally, the partial coverage contributes to increased downforce, enhancing vehicle traction and high-speed stability.
AAS is engineered to operate at speeds exceeding 199km/h, utilising rubber material on the lower part for durability and protection against external objects. Tests conducted with the Genesis GV60 showed a reduction in the drag coefficient (Cd) by 0.008, translating to a 2.8 percent improvement in drag. This improvement is estimated to provide an additional range enhancement of approximately 5km.
Porsche is generating unprecedented excitement as it teases the forthcoming debut of the next-generation Macan EV, scheduled for January 25. The latest design sketches accompany previously released interior images, providing a comprehensive preview of the highly anticipated electric crossover.
Contrary to its gas-powered predecessor, the new Macan sits on a dedicated EV platform developed exclusively for electric vehicles. Porsche has revealed initial specifications, indicating that the top-tier version will boast over 600hp and an impressive 1,000Nm of torque from a dual-motor setup. Power will be supplied by a substantial 100.0-kilowatt-hour battery capable of handling 270-kilowatt charging.
Described by Porsche as a sporty crossover with a striking design, the 2025 Macan will feature all-wheel steering, a rear electronic locking differential, and an advanced air suspension equipped with two-valve dampers. The official debut is set for Wednesday, with sales expected to commence later this year. Simultaneously, Audi will launch its counterpart, the Q6 E-Tron.
Rumours suggest that the Macan EV will eventually replace the gasoline version in the European Union. Upcoming cybersecurity regulations are expected to restrict the sale of the current Macan in EU countries, prompting Porsche to transition to the electric variant.
Hyundai is catering to the growing demand for electric vehicles (EVs) that blend performance styling with sustainability by extending its sporty N Line trim to the Kona Electric. This marks the first time Hyundai’s electric vehicle lineup incorporates the N Line treatment, offering customers a stylish and sporty option.
The N Line trim on the Kona Electric focuses on enhancing the vehicle’s appearance, featuring more aggressive front and rear bumpers, gloss black mirror caps, 19-inch special wheels, and an optional two-tone black roof, an exclusive feature not available on other models. The interior receives N Line touches such as a dedicated steering wheel, metal pedals, black headliner, and sports seats.
The upholstery of the sports seats varies based on the model chosen in the UK market. The base N Line model, priced at £40,395 (RM242,219), offers cloth seats, while the N Line S, priced at £43,095 (RM258,406), provides an Eco Alcantara and leather combination. Both options include red contrast stitching, heated seats in the front and rear, with the N Line S adding ventilation, electric adjustment, dual-zone climate control with rear air vents, a Bose sound system, a full-width DRL light bar, and additional safety features.
Under the hood, both the N Line and N Line S models share the same electric powertrain, featuring a 65 kWh battery and a single 215hp electric motor driving the front wheels. The Kona Electric achieves a 0-100km/h time of 7.8 seconds. Customers also have the option to choose lesser Kona models with a 154hp electric motor and a smaller 48.4 kWh battery.
Hyundai’s decision to introduce the N Line trim to the Kona Electric aligns with the shift in consumer preferences, where electric vehicles are expected to offer both performance and aesthetic appeal similar to traditional combustion counterparts. The move reflects Hyundai’s commitment to providing a diverse and attractive range of electric vehicles for the market.
In a unique and innovative move, Nissan, in collaboration with Nara Nissan Motor Co., has introduced the Cube Retro Renovation program for certified pre-owned vehicles in Japan. This program allows customers to purchase a certified pre-owned Nissan Cube that undergoes a customisation process, replacing worn parts with new ones to achieve a refreshed and personalised appearance.
The Nissan Cube, known for its distinctive tall and boxy design, enjoyed popularity in Japan from 1998 to 2019. The Cube Retro Renovation program aims to bring new life to these certified pre-owned vehicles by addressing visual wear and tear.
The concept for the Cube Retro Renovation program was initially proposed at the Tokyo Auto Salon and received positive feedback from consumers, leading Nissan to implement it as a trial run. The program is set to launch with 20 customised Nissan Cube vehicles available for purchase starting January 22.
Dongfeng, a prominent player in the Chinese automotive industry, has officially opened orders for its latest electric vehicle, the eπ 007. Priced at an attractive 159,000 yuan (RM104,392), the eπ 007 promises to be a cost-effective option for Chinese consumers. Early buyers can also benefit from a special subsidy of 10,000 yuan (RM6,559) that can be applied towards customisations, optional extras, accessories, or packages.
The eπ 007 is a four-door electric fastback featuring a modern and aerodynamic design with a low drag coefficient of only 0.209 Cd. Boasting a length of 4,880mm, a width of 1,895mm, and a wheelbase of 2,915mm, slightly bigger than the Tesla Model 3 facelift, the EV showcases a sleek and stylish exterior.
Despite its affordable price point, the interior of the eπ 007 is well-appointed. A 15.6-inch infotainment display takes centre stage on the dashboard, complemented by an 8.8-inch driving cluster that can be conveniently flipped around. The car comes equipped with luxurious features such as front 8-point massage seats, a 64-colour ambient lighting system, a premium sound setup with 20 speakers, wireless charging, and facial recognition for door unlocking.
The eπ 007 is available in both battery-electric and range-extended electric variants, catering to different consumer needs. The base 53-Pro BEV model, priced attractively at 159,000 yuan (RM104,392), features a 56.83 kWh battery pack and a rear electric motor with 215hp and 310Nm of torque. With a driving range of up to 530km on a single charge, the 53-Pro BEV accelerates from 0 to 100km/h in just 6.8 seconds.
For those seeking more power and range, the mid-range 620Pro variant is equipped with a larger 70.26 kWh battery pack, a 268hp rear electric motor, and a torque of 320Nm. Accelerating from 0 to 100km/h in 5.8 seconds, this variant offers an extended range of up to 620km on a single charge.
At the top of the range is the performance-focused 540 Max version, boasting the same 70.26 kWh battery pack but with two electric motors delivering a combined 536horsepower and 640Nm of torque. This high-performance variant accelerates from 0 to 100km/h in just 3.9 seconds and can cover a distance of 540km on a single charge.
Dongfeng also offers a range-extended version called the 200Pro, incorporating a 1.5-litre engine, a 28.39 kWh battery, and utilising the same rear electric motor as the base model. The 200Pro can travel up to 200km solely on electric power or an impressive 1,200km with the 1.5-litre engine serving as a range extender.
Noteworthy is the eπ 007’s comprehensive array of 38 sensors, enabling advanced features such as memory parking, remote control parking, and an advanced driving assistance system.
With the eπ 007, Dongfeng aims to make a mark in the competitive Chinese electric vehicle market by offering an affordable, stylish, and feature-rich option for consumers.
