Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Ford is revealing a new electric sports crossover next week, built on Volkswagen's MEB platform. This new model follows the Electric Explorer and promises exciting features.
Ford's New All-Electric Sports Crossover Set to Revive the Iconic Capri Legacy
Ford is already preparing to introduce another electric vehicle (EV) after completing the first all-electric Explorer at its new Cologne EV facility in Germany this week, per Electrek.
Ford's upcoming electric vehicle (EV), a 'sports crossover,' is a significant outcome of the 2020 agreement with Volkswagen. This partnership allows Ford to utilize Volkswagen's MEB platform, the same foundation used for the ID series, to produce this new EV.
Although Ford initially announced that it would introduce an electric vehicle (EV) as a successor to the Mustang Mach-E, which ultimately became the electric Explorer, it was later disclosed that a second model was in the works.
Media reports indicate that Ford has yet to confirm the vehicle's name, which is speculated as Capri. Ford's Capri was an immediate success in 1969, with more than 400,000 units sold within its initial two years. By 1974, 1.2 million Ford Capris had been sold.
The iconic fastback coupe is on the brink of a comeback as an all-electric sports crossover built on VW's MEB platform.
Ford's Capri EV Sports Crossover Debut, Featuring Advanced MEB Platform
According to Automotive News, Ford will introduce the new Capri EV sports crossover on July 10, 2024.
The Capri EV, observed in testing last year, has a long wheelbase and a wide stance, resembling numerous MEB-based vehicles. It is similar to the Cupra Tavascan, another electric SUV built on VW's MEB platform.
According to the report, the Capri and Explorer EVs will be comparable to VW's ID.4 and ID.5. The electric Explorer boasts a range of up to 374 miles (600 km) with a new battery.
Volkswagen's GTX models are powered by the same 335 hp powertrain used in the dual-motor Explorer EV, equipped with a 79-kWh battery. The single-motor variant is priced at £45,875 ($58,000), while a standard range model will be available later, with a starting price of approximately £39,875 ($50,000).
Photo: Yunus Yildiz/Unsplash
