Formula 1 has approved GM-Cadillac as the 11th team for the 2026 season, marking a significant entry for an American car manufacturer into the sport. This decision follows a year of negotiations and tensions after Andretti Global's initial application was rejected. GM plans to build its own power unit by the end of the decade, with Mario Andretti joining the team’s board, expressing his excitement about returning to F1.
Plugin vehicles in China achieved a record 53% market share in October, with over 1.19 million sales, marking a 57% year-over-year increase. BYD dominated the market, securing eight of the top ten spots, led by the BYD Song, while Tesla's Model Y ranked sixth. The overall market is projected to approach 50% electrification by year-end, with significant growth in both BEVs and PHEVs.
Cadillac has announced the 2026 Vistiq, a three-row electric SUV with a starting price of $78,790 and a range of 300 miles, set to begin production in early 2024. Meanwhile, Mercedes is developing a high-performance electric SUV on its new AMG.EA platform, emphasizing both performance and electric capabilities, though details remain scarce. Both manufacturers aim to cater to the luxury SUV market amid evolving regulatory landscapes affecting EV incentives.
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