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Italian luxury automaker Maserati has moved one step closer to fulfilling its promise of becoming an all-electric brand, sharing the new details and performance specs of its upcoming all-electric GranTurismo Folgore. Starting at a preliminary price of $170,000, Maserati looks to deliver luxury and performance to its fan base while hoping to entice consumers interested in a zero-emission future.

Maserati S.p.A. is an Italian automaker that’s been around since the first World War that currently exists as a subsidiary of Stellantis. In 2018, FCA (the precursor to Stellantis) announced electrification plans that included several Maserati vehicles, but a majority of them were plug-in hybrids. However, during a 2020 event, Maserati introduced a new “Folgore” brand of “electrified” vehicles that would be implemented by 2025.

Originally, the head of Maserati said “electrified” meant both hybrid and full-electric vehicles. However, the Italian automaker took note of Stellantis’s revamped electrification strategy and followed suit, clarifying that it will indeed offer a BEV version of each of its models by 2025.

Maserati’s March 2022 commitment to BEVs included the introduction of its first two models set to arrive in 2023 – the Grecale Folgore SUV and the GranTurismo Folgore. The automaker was quick to show off the Grecale Folgore in spring, but updates surrounding the GranTurismo have been relatively sparse.

In September, Maserati shared video footage of the electric GranTurismo Folgore in action alongside a few of its performance specs, but not much else. Now, however, Maserati has unveiled a slew of new details, including sales timelines and preliminary pricing. Spoiler alert: You’d better start saving up now.

  • Maserati Electric
  • Maserati Electric

Electric Maserati GranTurismo Folgore set for fall 2023

Maserati showcased its upcoming luxury BEV sports car in a presentation from Turin, Italy, sharing details of the unique 800V electric platform the GranTurismo Folgore will sit upon.

According to the Italian automaker, the platform was designed using technology derived from Formula E and uses a low “T-bone” battery layout that removes all battery cells from under the passengers. This design optimizes weight distribution and maintains a low center of gravity – two important factors to achieve higher speed and acceleration. Per Maserati:

Maserati GranTurismo’s unique battery layout gathers battery mass closer to the roll axes allowing for a reduced vehicle tensor of inertia improving agility vehicle during change of direction.

This 32-module “T-bone” was designed in-house and stores 92.5 kWh of energy. It delivers 610 kW discharge power to operate three independent 300 kW motors, complete with independent torque vectoring. Here are some other pertinent specs:

  • 1,200 HP installed power
  • 1,350 Nm max torque
  • 6.5 kg/kWh weight/energy ratio
  • AC charging up to 22 kW
  • DC fast charging up to 300 kW
    • Can charge up to 100 km (62 mi) in 5 minutes (@ 270 kW)
    • Can charge 20%-80% in 18 minutes
  • 0-100 km/h (0-62 mph) in 2.7 seconds
  • 0-200 km/h (0-124 mph) in 8.8 seconds
  • Top speed: 320 km/h (~199 mph)
  • Weight: 2,260 kg (4,983 lbs)
  • Range: 450 km WLTP (~280 mi)
  • Aerodynamics: 0.26 cd
  • Trunk space: 270 liters (9.5 cu ft)

The GranTurismo will also debut in two separate combustion versions, but we’re not here to talk about those. However, for those savvy traditionalists looking to go all-electric but may miss the roar of combustion, Maserati has a solution for you. The automaker says that the GranTurismo experience is synonymous with a unique V8 sound, so with the all-electric Folgore, the Maserati team took actual recordings of its V8 models and blended it with the natural sounds of the electric power train.

This replicates what Maserati calls its “sound fingerprint,” delivering realistic engine sounds generated in real-time based on the orders of the electric motors and inverters while driving. The sound is accomplished using an acoustic vehicle alerting system (AVAS) in the front, an external engine sound synthesizer (EESS), and a premium 24-channel amp in the trunk.

Pretty cool stuff all around, but is it enough to justify the preliminary pricing Maserati has shared? For the upcoming electric GranTurismo Folgore, Maserati is expecting it to cost between $170,000 and $215,000 in the US (175k-220k euros in EMEA). In addition to those markets, Maserati also intends to sell the GranTurismo in China and Asia-Pacific countries starting at RMB 2 million.

According to Maserati, sales are expected to begin in the EU in July of 2023, followed by the UK and US in September. Other countries should see a start of sales before the end of 2023. Until then, check out this video walkthrough of the all-electric Maserati GranTurismo Folgore.

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Volvo reveals $28,000 EX30 starting price in China as low-cost BYD rival

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Volvo reveals ,000 EX30 starting price in China as low-cost BYD rival

The cheapest Volvo EV so far was officially launched in China over the weekend. Volvo launched the EX30 in China with a low starting price of $27,800 (200,800 yuan) as the automaker takes on BYD head-on in its home market.

In the first quarter of the year, “thousands of customers across Europe got behind the wheel of an EX30,” as Volvo gears up to begin deliveries in key markets, including the US, China, and South Korea.

Volvo is preparing to launch its low-cost EV in over 90 countries by the end of 2024. Although the EX30 is already living up to its promise as a profitable growth driver, Volvo expects even more.

EX30 production began last fall in Zhangjiakou, China, as Volvo prepares to launch an EV offensive. To meet the growing demand for affordable EVs in Europe, Volvo announced it would build the EX30 at its Ghent Plant in Belgium from 2025.

Volvo’s EX30 led to a new global sales record in Q1, but the automaker expects even bigger results as its low-cost EV hits the world’s largest electric car market.

Volvo-EX30-price-China
Volvo EX30 for China (Source: Volvo)

Volvo EX30 price revealed in China starting at $27,800

Volvo officially launched the EX30 in China on Sunday with a starting price of 200,800 yuan ($27,800).

The base RWD core model features up to 410 km (255 miles range). It’s available in four trims: RWD Core, RWD Long Range Plus, RWD Long Range Ultra, and a high-performance AWD Ultra model.

Volvo EX30 trim Range
(CLTC)
Starting Price
RWD Core 255 mi (410 km) $27,800 (200,800 yuan)
RWD Long Range Plus 366 mi (590 km) $30,300 (219,800 yuan)
RWD Long Range Ultra 366 mi (590 km) $32,100 (232,800 yuan)
AWD High-Performance Ultra 335 mi (540 km) $35,400 (255,800 yuan)
Volvo EX30 price and range by trim in China

Powered by either a 49 kWh lithium-ion (RWD Core) or 66 kWh ternary lithium battery, the EX30’s fastest recharge time (10% to 80%) is 26 minutes.

You can see Volvo included new signature design elements like Thor Hammer LED headlights and a closed grille.

The China-made EX30’s rear features the logo “Volvo Asia Pacific,” which indicates where it was built.

Inside, you will find a modern, simplistic layout. Included is a 12.3″ vertical infotainment with hidden air conditioning units. The three-spoke steering wheel includes touch controls for key features. In addition, Volvo used environmentally friendly recycled materials like flax fiber and denim.

At 4,233 mm long, 1,838 mm wide, and 1,555 mm tall, the EX30 will rival BYD’s best-selling Atto 3 SUV (4,455mm X 1,875 mm X 1,615 mm) and Dolphin (4,290 mm X 1,570 mm X 1,770 mm) electric hatch in China.

Electrek’s Take

BYD was the best-selling car brand in China last year after overtaking Volkswagen. After slashing prices and declaring a “liberation battle” against ICE vehicles, BYD hit a new weekly sales record in China earlier this month.

Through May 12, BYD had over 101,300 registrations in China, outpacing rivals Tesla, Li Auto, NIO, and XPeng.

Its cheapest EV, the Seagull Honor Edition, now starts at just $9,700 (69,800 yuan). Perhaps, more importantly, BYD is expanding into new segments like luxury and mid-size SUVs.

BYD launched the Sea Lion 07, its first “mid-size urban smart electric SUV,” this month, undercutting Tesla’s Model Y with starting prices of $26,250 (189,800 yuan).

Volvo is also gearing up for an EV offensive, with its EX30 rolling out into new markets. The EX30 will start at $34,950 (plus a $1,295 delivery fee) in the US, and deliveries are expected to begin this summer.

The company is also launching its first three-row electric SUV, the EX90. In China, Volvo began production of its first luxury electric minivan, the EM90.

Volvo’s lineup will include the EX30, EX40, EC40, EM90, and EX90. With the launch of new EVs, Volvo expects demand to “remain robust” over the next few quarters.

Can Volvo’s new EX30 help it keep up with EV leaders like BYD in China starting under $28,000? Let us know your thoughts in the comments below.

Source: CarNewsChina, Volvo

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Tesla releases update to remove steering wheel nag, shuts down sunglasses loophole

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Tesla releases update to remove steering wheel nag, shuts down sunglasses loophole

Tesla has started pushing its new Full Self-Driving (FSD) v12.4 update, and it confirmed the removal of the “steering wheel nag”, but it improved camera-based driver monitoring, including shutting down the sunglasses loophole.

As usual, Elon Musk has been hyping up the next Tesla FSD update as “mind-blowing”, but this time, he went beyond the superlatives and released a few verifiable details about the update.

Musk said that v12.4 should result in a 5 to 10x improvement in miles per intervention. It’s going to be hard to verify because Tesla never released that data for previous versions of the software, but we do have some crowdsourced data that we could compare it to.

The CEO also said that v12.4 would remove what most people call “steering wheel nag.”

“Steering wheel nag” is what Tesla drivers call the alerts the vehicle sends to remind drivers to apply pressure on the steering wheel. Tesla doesn’t have a way to detect hands on the steering wheel, so it can “confirm” drivers keep their hands on it – by detecting torque being applied on the wheel.

Tesla has started to push the update to its internal fleet this weekend and now we have more details about the changes in driver monitoring.

The automaker wrote in the release notes of the update (via Not a Tesla App):

When Full Self-Driving (Supervised) is enabled, the driver monitoring system now primarily relies on the cabin camera to determine driver attentiveness. This enhancement is available on vehicles equipped with a cabin camera and only when the cabin camera has clear and continuous visibility of the driver’s eyes (e.g., the camera is not occluded, there is sufficient cabin illumination, and the driver is looking forward at the road ahead and not wearing sunglasses, a hat with a low brim, or other objects covering the eyes).

Tesla warns that there will still be some steering wheel nag if outside of the circumstances listed above:

Outside of these circumstances, the driver monitoring system will continue to rely on a combination of torque-based (steering wheel) and vision-based monitoring to detect driver attentiveness.

The automaker also commented on how the camera-based driver monitoring is going to work:

If the camera detects the driver to be inattentive, a warning will appear. The warning can be dismissed by the driver immediately reverting their attention back to the road ahead. Warnings will escalate depending on the nature and frequency of detected inattentiveness, with continuous inattention leading to a Strikeout.

While we have yet to see this in practice, it does sound like Tesla might be relaxing the frequency of alerts on that front, too, as long as the driver is paying attention.

Tesla is trying to reassure everyone that the camera data from the cabin doesn’t leave the vehicle:

Cabin camera images do not leave the vehicle itself, which means the system cannot save or transmit information unless you enable data sharing.

Tesla is expected to start pushing the v12.4 update to the wider fleet this week.

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Oil little changed after Iran’s president dies in helicopter crash

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Oil little changed after Iran's president dies in helicopter crash

Iranian President Ebrahim Raisi looks on during a TV interview, in Tehran, Iran May 7, 2024. 

Iran’s Presidency | WANA | Via Reuters

Crude oil futures were little changed Monday after Iran’s president and foreign minister died in a helicopter crash.

President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in the crash in Iran’s East Azerbaijan province in poor weather.

Here are today’s energy prices:

  • West Texas Intermediate June contract: $79.78 a barrel, down 28 cents, or 0.35%. Year to date, U.S. crude oil is up 11.3%.
  • Brent July contract: $83.77 a barrel, down 21 cents, or 0.25%. Year to date, the global benchmark is up 8.8%.
  • RBOB gasoline June contract: $2.56 a gallon, down 0.54%. Year to date, gasoline futures have gained 21.7%.
  • Natural gas June contract: $2.65 per thousand cubic feet, up 1%. Year to date, gas is up 5.8%.

Policy in OPEC’s third-largest producer is not expected to change, with Vice President Mohammad Mokhber taking over as interim president as the country prepares for new elections within 50 days.

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WTI vs. Brent

In Saudi Arabia, OPEC’s largest producer, King Salman is undergoing treatment for a lung infection.

Oil Prices, Energy News and Analysis

U.S. crude oil and Brent booked modest gains last week, but remain stuck in a narrow range as traders look for a catalyst that could lift prices out of the doldrums.

OPEC and its allies, led by Russia, will hold a meeting on June 1 to review production policy. A coalition of OPEC+ members are voluntarily cutting output by 2.2 million barrels per day to support prices.

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