Sometimes good things come in small packages. Today that is especially true, as the package isn’t square, its “Squad, World’s First Solar City Car.” Wordplay aside, Squad Mobility is a startup in the Netherlands whose product might actually be the ultimate solution to the first/last-mile transportation issue. In our opinion, if successful, it could change the world.
What they have created is a small, affordable, low-speed car that dwarfs even a Smart car, yet can still seat 2 people and store maybe a grocery bag or two. At all times, this vehicle is charged by the solar panel that it’s roof is composed of, and when that doesn’t cut it and the juice runs low, the battery can just be swapped out. In some ways, we have seen similar strategies from electric scooter manufacturers like Gogoro which can be either purchased by individual consumers or shared by smart mobility networks. However, thus far we have not yet seen a successful implementation of this in a vehicle that has a roof.
There are so many applications for this in cities, towns, and even villages worldwide. For private owners seeking to do some basic grocery shopping, even the 20km of range that the solar panel can generate per day will suffice. For a shared network, giving a car that already gets 100km of range from its battery an additional 20km of range per day without having to burden the electrical grid or worry about the logistics of charging shared cars is actually quite significant. As Robert Hoevers, CEO of Squad Mobility, put it: “cities love solar charging, as this is a sustainable energy source. It decreases the load on the local charging infrastructure and energy demand. Cities are looking for zero emission mobility solutions with a small space footprint. We have achieved both. A per capita energy consumption lower than public transport and a space footprint comparable to a bicycle. And all this, while offering the flexibility of personal transport and the comfort of a car.”
At a starting price of just €5750, this car costs half as much as the cheapest A-segment car and one-fourth the cost of the two cheapest electric vehicles on the market, the Smart or VW e-up! We have seen electric scooters that were sold for this price, so it is very impressive. For those not interested in an outright purchase, lease and subscription options will also be made available for 100 euros per month. Pre-orders are now available on Squad’s website.
With a footprint of just 2 square meters, 3 or even 4 Squad solar cars can fit in just a single parking spot, making implementation in city infrastructure much easier. The vehicle itself will initially be limited to 45 km/h (28 mph) and a more powerful version that can reach 70 km/h (43 mph) will be launched at a later date. However, that isn’t the only improvement Squad Mobility has in store for its product. The vehicle will already be equipped with smart sensors and cameras that can monitor everything from cabin cleanliness to how a car is parked. Fleet operators will even be able to remotely control the car in case it is improperly parked or blocking an exit. They hope that once self-driving technology will be more commonplace, they will be able to add that to their product as well. In the words of the creators, “In the longer term, we envision the use of autonomous technology to control the fleet in the city — for example, to move vehicles back to places with high demand or more sunshine for charging.”
While autonomy might still be a ways off, production should start in the last quarter of 2022 in the EU, especially since in March they finished up an investment agreement with Bloomit Ventures. Once made, the product will likely sell like hot cakes, as this is a product category that does not yet exist, yet offers functionality that is very much in demand and does so for unbelievably low prices. Years ago when electric cars were not all that great, as an insult they have sometimes been called glorified golf carts. It is ironic that this product in some ways has taken that insult and turned it into a price advantage. This might not be a serious electric car alternative for consumers, instead it may be the best solution to city mobility and how most people will choose to travel the first/last leg of regular trips. While we can’t say too much, you can expect an even more serious milestone before the end of this year, so keep an eye out for Squad Mobility.
Tesla has wiped off the 26,000 miles on the odometer of a Cybertruck in service, scratched the vehicle, and then returned it to the owner like nothing happened.
A Tesla Cybertruck owner in Oregon was quite surprised when he went to pick up his Cybertruck, which was in service to install a new lightbar, fix some panel gaps, and figure out an ABS alert that wouldn’t go away.
According to a thread on the Cybertruck Owners Club, Tesla had wiped the odometer clean on the Foundation Series ‘Cyberbeast’, which had over 26,000 miles on it.
The owner shared a video of the Cybertruck’s odometer going from 0 to 1 mile for the second time:
Advertisement – scroll for more content
The odometer on the vehicle was wiped and both the app and service many also showed the same mileage.
The owner shared a screenshot of the app after 15 miles:
He went to the online forum for advice:
Anyone else have their odometer Thanos-snapped after a controller swap? Can Tesla unsnap it or am I forever “True Mileage Unknown”?
It was not the only surprise from this service visit for this Cybertruck owner.
The owner was not satisfied with the lightbar installation, which he claims has a half-inch gap on the passenger side while it is flush on the driver side. He wrote:
It’s basically smiling sideways at everyone.
It’s also unclear why Tesla was messing with the vehicle’s tailgate, but it ended up having a bolt moving around it, causing scratches and Tesla left a bolt unbolted:
At this point, the truck was returned with more problems than it had when it entered service.
FTC: We use income earning auto affiliate links.More.
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.
Bloomberg | Bloomberg | Getty Images
Bridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasuries, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt.
“You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,” Dalio said in a post on social media platform X.
“They don’t include the greater risk that the countries in debt will print money to pay their debts thus causing holders of the bonds to suffer losses from the decreased value of the money they’re getting (rather than from the decreased quantity of money they’re getting),” the Bridgewater founder said.
Moody’s on Friday cut the U.S. credit rating one notch to Aa1 from Aaa, citing the federal government’s ballooning budget deficit and soaring interst payments on the debt. It was the last of the three major credit agencies to downgrade the U.S. from the highest possible rating.
U.S. stocks fell on Monday as the 30-year Treasury bond yield jumped to 4.995% and the 10-year note yield climbed to 4.521% in response to Moody’s downgrade.
“Said differently, for those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying,” Dalio said.
Bridgewater’s assets under management dropped 18% in 2024 to some $92 billion, Reuters reported in March, down from a recent peak of $150 billion in 2021.
Nissan is on the brink of collapsing. After the Honda deal fell through, it looks like another Japanese automaker is tossing it a lifeline. As Nissan struggles to stay afloat, Toyota is emerging as a potential “backer” in a new tie-up.
Are Toyota and Nissan partnering?
“If we don’t take action now, the situation will only get worse,” Nissan’s President, Ivan Espinosa, said during a press conference on May 13.
Facing falling sales, ballooning debt, and slumping profits, Nissan introduced a new recovery plan last week, “Re:Nissan.” The struggling automaker aims to cut costs by 250 billion yen to return to profitability by FY 2026.
As part of its efforts to turn the business around, Nissan will cut 20,000 jobs by FY2027. It’s also abandoning plans to build a new EV battery facility in Japan. Seven other plants will be closed, including one in Thailand and two in Japan.
Advertisement – scroll for more content
After its planned EV merger with Honda fell through in February, rumours surfaced that Nissan was scrambling to find another partner.
(Source: Nissan)
According to a new report from Japan’s MainiChi, a Toyota executive recently reached out to Nissan about a potential partnership. The tie-up could involve Toyota acting as Nissan’s “backer” to support it while it restructures.
Nissan and Toyota both unveiled a wave of new electric vehicles set to roll out over the next few years. The upgraded Nissan LEAF EV will arrive in the US and Canada later this year with more range, an NACS port, and a new crossover style. It will be one of ten new Nissan or Infiniti models to arrive by 2027.
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)
In Europe, Nissan will launch the next-gen LEAF later this year, followed by the new Micra EV and Qashqai electric crossover. In 2026, the new Nissan Juke EV will join the lineup.
Nissan’s lineup for Europe. From left to right: The new Nissan Qashqai, LEAF, and Micra EV (Source: Nissan)
Meanwhile, Toyota’s upgraded bZ electric SUV (formerly the “bZ4X”) will arrive at US dealerships in the second half of 2025.
Toyota already has a stake in several Japanese automakers, including Subaru (20%), Mazda (5.1%), Suzuki (4.6%), and Isuzu (5.9%), so backing Nissan wouldn’t come as a shock.
Espinosa said Nissan was open to new partnerships. Nissan’s chief said the company will continue collaborating with others, including Mitsubishi, which will use the upcoming LEAF as the basis for its new EV for North America.
Japanese carmakers have been notoriously slow in shifting to all-electric vehicles, which is now costing them in key overseas markets like Southeast Asia, Central and South America, and others.
Chinese EV leaders, like BYD, are quickly expanding overseas to drive growth this year. Next year, it will launch its first kei car (see the first spy shots), or mini EV, which is already being called “a huge threat” to Japan.
Pooling resources and teaming up may be the best (or only) option at this point. Can Toyota help Nissan turn things around? Or will it be too little, too late? Let us know your thoughts in the comments.
Check back soon for details. This is a developing story. We’ll keep you updated with the latest.
FTC: We use income earning auto affiliate links.More.