Ant Group Taps Chinese Chips to Cut AI Training Costs by 20% 
Xiaomi Raises $5.5B to Supercharge EV and AI Ambitions 
GlobalFoundries and UMC Explore Merger Amid U.S. Chip Strategy Shift 
Nintendo Switch 2 Launches June 5 at $449.99 with Major Upgrades 
CoreWeave Slashes IPO Size and Price Amid Investor Caution Despite Nvidia Backing 
Instagram Experiences Widespread Outage, Thousands Affected in the U.S. 
Former Intel CEO Pat Gelsinger Joins Playground Global to Drive Chip Innovation 
WuXi Biologics Clinches Eighth CDMO Leadership Award with Breakthroughs in Biologics Manufacturing 
Toyota Delays EV Battery Plant in Japan Amid Weak Demand and High Costs 
Intel CEO Lip-Bu Tan Outlines Bold Turnaround Strategy at IntelVision 2025 
NVIDIA CEO Jensen Huang Reconsiders Quantum Computing at GTC 2025 
AI Datacenter Bubble? Alibaba's Tsai Raises Red Flags Amid Soaring Investments 
BYD to Launch 500 Ultra-Fast EV Charging Stations in April, Doubling Tesla’s Speed 
Microsoft Cancels Major Data Center Leases, AI Stocks Tumble Amid Capacity Shift 
PsiQuantum Eyes $750M Funding to Scale Quantum Chip Production with BlackRock's Backing 
FuriosaAI Rejects $800M Meta Takeover, Aims to Rival NVIDIA in AI Chip Race 
Apple and Elon Musk Clash Over Satellite Connectivity as Starlink Faces New Rival 
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
