An American start-up technology company have unveiled its highly anticipated first production vehicle at CES 2017 – and made the bold proclamation that the vehicle would represent a ‘new species’ for personal transportation.

Faraday Future, which has its headquarters in Los Angeles, has held no secret regarding its ambitions in becoming a market leader in developing intelligent electric vehicles. Management for the tech firm previously outlined their desire to overtake Tesla.

Huawei reportedly aims to invest over $1 billion in autonomous driving and electric car technologies. These include partnerships with automakers, driving the intelligent vehicle sector forward.

Nissan Motor and Renault have announced details of a joint venture it has established with Chinese automotive firm Dongfeng Motor Group. The primary objective of the joint venture between the three businesses is to develop and manufacture 'electric cars' in the country.

Tesla has a reputation for producing vehicles capable of quick-acceleration, but they want its cars to be even faster. Its latest model 'electric car' just clocked acceleration times than beat a Porsche and a Ferrari!

Tesla's latest production model Tesla SP100D accelerated from 0-60 miles per-hour in a dizzying 2.28 seconds in a recent test conducted by Motor Trend. The phenomenal speed of the latest electric model from Tesla even caught the American automakers by surprise.

Swedish car manufacturing colossus Volvo has announced that all new models launched from 2019 will be fully electric or hybrid vehicles - which signals the end of nearly a century of Volvo cars being powered solely by the internal combustion engine.

US electrical car maker Tesla has launched its services in the UAE - following an official announcement by Tesla CEO, Elon Musk at the World Government Summit. Tesla has initiated operations in Dubai, and also disclosed plans to open a shop and service station in Abu Dhabi next year.