logo
This electric car just drove into the history books with a range that will blow your mind, and it's an SUV

This electric car just drove into the history books with a range that will blow your mind, and it's an SUV

Economic Times2 days ago
Longest range electric SUV Polestar 3: There's a new Guinness World Record, and it may revolutionize the way you perceive electric SUVs. A Polestar 3 recently traveled 581.3 miles on a single charge in the UK, which is the longest distance ever covered by an electric SUV, as per a report.
The record-setting run took place using the long-range single-motor version of the Polestar 3, a choice taken since dual-motor setups tend to consume more energy, as reported by Auto Week. What made this drive even more remarkable is that it wasn't a controlled lab test or a slow crawl, it was a true endurance challenge, lasting 22 hours and 57 minutes, according to the report. Drivers Sam Clarke, Kevin Booker, and Richard Parker rotated every three hours, tackling a mix of weather including rain, on typical UK roads, as per the Auto Week report.At one point, the SUV reached its official WLTP range figure of 438 miles and still had 20% battery left, according to the Auto Week report. Even more surprising was that, when the car's range indicator hit zero, it kept going for another eight miles before finally running out of power, as per the report.
ALSO READ: AT&T customers may get $7,500 in a $175 million settlement — see if you are eligible and how to file fast Polestar UK Managing Director, Matt Galvin highlighted that "While the drivers pushed the Polestar 3 to the boundaries of its range capability, it goes to show how battery range has improved exponentially over the past few years," as quoted by Auto Week.
Galvin emphasised that, "For a large premium SUV to go way beyond a London to Edinburgh distance is truly impressive and with this the adage that 'EVs can't go far' has been very much consigned to the history books," as quoted in the report.Unlike some hypermiling attempts that use specially modified tires or extreme driving tactics, this vehicle equipped with Michelin Sport 4 EV tires on 20-inch wheels, according to the Auto Week report.
ALSO READ: Opendoor CEO Carrie Wheeler quits suddenly, stock jumps 9% as Shrisha Radhakrishna steps in as new president
The record was verified by Guinness World Records judge Paulina Sapinska and supported by detailed GPS, odometer, and battery data, as per the Auto Week report.Polestar said, "The production-standard SUV was adjudicated by Guinness World Records' own judge, Paulina Sapinska, with Webfleet providing meticulously documented and independently verified video footage, odometer readings, GPS readings, and battery level data," as quoted in the report.
ALSO READ: Mystery Bitcoin investor turns $50 into millions with mind-blowing 59,999,900% return - here's his story
To put the achievement into perspective, the official EPA range for the US-market Polestar 3 single motor is 350 miles, which is a conservative estimate compared to the WLTP figure of 438 miles, as reported by Auto Week. This real-world drive pushed the car even further, demonstrating how much range an electric SUV can deliver outside of standard testing cycles, according to the report. Polestar CEO Michael Lohscheller said that, "This official Guinness World Record for range is another proof point that Polestar 3 is setting new standards," as quoted in the report.
ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? This record-breaking run adds to a growing list of impressive long-distance EV achievements, which includes a recent record by the 2025 Chevy Silverado EV Work Truck, which covered more than 1,000 miles on a single charge, which was more than double its estimated range, as reported by Auto Week.Was the Polestar 3 modified for the test?Nope, it was a standard production model with regular Michelin EV tires, as per the Auto Week report.
How far did the Polestar 3 drive on a single charge? It drove 581.3 miles (935.5 km), a new Guinness World Record for an electric SUV, as per the Auto Week report.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Regulators must balance innovation and stability, says RBI deputy governor M. Rajeshwar
Regulators must balance innovation and stability, says RBI deputy governor M. Rajeshwar

Mint

time33 minutes ago

  • Mint

Regulators must balance innovation and stability, says RBI deputy governor M. Rajeshwar

Mumbai: Regulators in the financial sector must strike a balance between fostering innovation and safeguarding stability, according to central bank deputy governor M. Rajeshwar. 'While it is necessary to minimise systemic risks and protect consumers, it should not discourage creativity, innovation, or healthy market dynamics,' Rao said at the inaugural session of the Department of Personnel and Training and Management Development Programme (DoPT MDP) on Financial Market Regulations at the Indian Institute of Management Kozhikode (IIMK) on Tuesday. The speech was uploaded on the Reserve Bank of India (RBI) website on Wednesday. Rao said while innovation has transformed the financial sector, it has also created regulatory grey areas, often through new business models and partnerships with unregulated third parties. Regulators must ensure that such gaps are addressed by creating guardrails that allow innovation to flourish without undermining systemic stability, he said. To this end, the regulators are adopting more agile approaches, including the use of regulatory sandboxes and deeper engagement with stakeholders, to integrate emerging players into the financial system. New technologies, Rao said, have improved ease of doing business and lowered operational costs, but they also bring complex regulatory challenges. These include the unpredictable nature of tech-driven business models, questions around data privacy and control, and what he called 'the artificial intelligence (AI) conundrum'. Rao cited the example of the banking-as-a-service model, which expands the distribution of financial products but could also give rise to business conduct risks. 'Regulators face a dilemma: whether to come out with a framework before such financial innovations happen or allow markets to develop, risking unanticipated systemic risks and exploitative consumer practices,' said Rao, adding that regulators must navigate capacity constraints and legal complexities in crafting effective regulations. The RBI has set up a committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the financial sector. It has come out with a principle-based approach to AI adoption in the financial sector. Rao pointed out the challenge of the lack of precise data, which makes it difficult for regulators to craft effective policies. The rapid growth of financial technologies has created a flood of information, but questions remain over its credibility and accuracy. 'Though regulators are equipping themselves with the latest tools and skills, the pace at which requirements are evolving is breathtaking,' he said, adding that continued capacity building was needed. He highlighted the growing importance of Regulatory Impact Assessments (RIA) as a way to design evidence-based rules that are both effective and proportionate. Two key elements of RIA, Rao said, are cost-benefit analysis and broad-spectrum stakeholder consultations. 'While the latter leads to enhanced transparency, fostering trust, and improvement in the quality and effectiveness of the regulations, the former helps determine the optimal solution for addressing the problem,' he said, adding that such approaches ensure efficient allocation of resources. Rao said the regulators must also focus on improving compliance by simplifying regulations and removing redundancies. The RBI, he said, has been working to enhance clarity in its regulations by including examples and FAQs, and is in the process of consolidating over 8,000 regulatory instructions into 30-35 thematic categories. Such initiatives, according to him, are intended to make it easier for regulated entities (RE) to respond effectively while supporting the broader development of the financial sector. He emphasised the need for stronger coordination among India's multiple financial sector regulators (FSR). 'The Financial Stability and Development Council (FSDC) headed by the finance minister, provides a platform for combined assessment of risks from the financial stability perspective and plays a pivotal role in inter-regulatory co-ordination on the matters where there is overlap among FSRs.'

Top crypto investments In 2025: Ethereum and Litecoin begin downtrend, but Remittix jumps 510% in 2025
Top crypto investments In 2025: Ethereum and Litecoin begin downtrend, but Remittix jumps 510% in 2025

Time of India

time2 hours ago

  • Time of India

Top crypto investments In 2025: Ethereum and Litecoin begin downtrend, but Remittix jumps 510% in 2025

The landscape for top crypto investments in 2025 is shifting fast. Ethereum and Litecoin are showing cracks under pressure, leaving investors scrambling for the best crypto to buy now. The total market cap dipped under $4 trillion, with Bitcoin slipping to $115,000, and altcoin sentiment turned cautious. But one payment-focused project is still in an organic surge. Remittix has posted 510% gains already in 202, and top ICO analysts say momentum is not stopping. Here's the inside scoop on these top altcoins. Ethereum Struggles to Hold $4,100 Support Ethereum dropped 12% from its highs, now hovering near $4,300. Analysts warn that losing the $4,100 support could pull ETH toward $3,800. Even with $2.8B in ETF inflows last week, ETH's upside looks capped by selling pressure and competition from faster chains. Bullish Ethereum price predictions call for rallies to $5,500–$6,000 if resistance at $4,800 breaks, but short-term sentiment remains shaky. For now, ETH looks like a consolidation play, not an explosive growth token, but it still sits comfortably on analysts' lists of top crypto investments in 2025. Is LTC Still Among the Top Crypto Investments In 2025? Litecoin Weakens Despite Halving Litecoin trades around $114, still failing to crack resistance at $125–$127. The recent halving tightened supply, but demand hasn't followed through. Litecoin price predictions for 2025 stay modest, with most models capped at $126. As 'digital silver,' LTC remains tied to Bitcoin's moves and lacks the thriving DeFi project ecosystem needed to break out. Compared with upcoming Defi altcoins chasing adoption, Litecoin looks sluggish. Remittix (RTX): 510% Growth and Still Just Getting Started Here's the name everyone is whispering about: Remittix. While ETH and LTC stagnate, RTX has surged 510% in 2025 alone. Hype alone is not driving this; it's extensive belief and adoption. With $20.4M+ already raised, 610M tokens sold, and a BitMart listing secured, RTX is proving it belongs in the list of top crypto investments in the 2025 conversation. Remittix isn't promising future utility; it's already delivering. The PayFi platform enables instant transfers to bank accounts in 30+ countries with real-time FX conversion and support for 40+ digital assets. More Reasons Remittix Is the Standout Right Now: 510% 2025 Gains: Already proving explosive upside. BitMart Listing Confirmed: Liquidity and access secured. Wallet Launch Sept 15: Real-time bank transfers go live. $20.4M+ Raised: Strong institutional confidence. Next CEX Reveal at $22M: More listings on deck. It doesn't just end here! To reward early believers, Remittix launched a $250,000 community giveaway. Add to this, the next centralized exchange announcement is locked for the $22M milestone. Miss this window, and you'll be buying RTX post-listing, at a premium. In a market where ETH and LTC struggle, Remittix is delivering speed, adoption, and ROI right now. This is the early-stage crypto investment moment you don't ignore: buy RTX token while it's still under $1. Discover the future of PayFi with Remittix by checking out their project here: Website: Socials: $250,000 Giveaway:

China considering yuan-backed stablecoins to boost global currency usage, sources say
China considering yuan-backed stablecoins to boost global currency usage, sources say

Economic Times

time3 hours ago

  • Economic Times

China considering yuan-backed stablecoins to boost global currency usage, sources say

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Solana 15,750.19 ( -0.69 %) Buy Bitcoin 9,901,056 ( -1.51 %) Buy BNB 72,414 ( -1.6 %) Buy Ethereum 364,596 ( -2.6 %) Buy XRP 251.79 ( -4.09 %) Buy Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital State Council - China's cabinet - will review and possibly approve a roadmap later this month for the greater usage of the currency globally, including catching up with a U.S. push on stablecoins, said the plan is expected to include targets for usage of the Chinese currency in the global markets and outline the responsibilities of domestic regulators, they said, adding that the roadmap will also include guidelines for risk country's senior leadership is also expected to meet for a study session as early as the end of this month, focusing on yuan internationalisation and stablecoins, which are gaining momentum worldwide, said one of the that meeting, senior leaders are likely to deliver remarks to set the tone for stablecoins and define the boundaries of its application and development in business, said the plan for the usage of stablecoins, if approved, would mark a major shift in its approach towards digital assets. The country banned cryptocurrency trading and mining in 2021 due to concerns about the stability of the financial has long aspired for the yuan to achieve global currency status, akin to the dollar or euro, reflecting its weight as the world's second-biggest economy. However, its tight capital controls and its trillion-dollar annual trade surpluses have worked against that restrictions are likely to be a key hurdle to the development of stablecoins as well, market participants have are a type of cryptocurrency designed to maintain a constant value. They are usually pegged to a fiat currency such as the U.S. dollar and are commonly used by crypto traders to move funds between yuan's share as a global payment currency fell to 2.88% in June, its lowest in two years, according to payment platform SWIFT. In contrast, the U.S. dollar commanded a 47.19% market places strong capital controls to manage flows in and out of the border, with a few connect schemes permitting capital to be deployed in some key offshore market such as Hong the U.S., President Donald Trump backed stablecoins days after his inauguration in January and is establishing a regulatory framework that helps legitimise dollar-pegged underlying blockchain technology enables instant, borderless and round-the-clock transfer of funds at low cost, giving stablecoins the potential to disrupt traditional daily money moves and cross-border payment innovation, specifically stablecoins, is viewed by Beijing as a promising tool for yuan internationalisation amid the growing influence of U.S. dollar-linked cryptocurrencies in global finance, said the of the plan are expected to be unveiled in the coming weeks, with Chinese regulators, including the central bank, the People's Bank of China (PBOC), being assigned implementation duties, said the sources declined to be named as they were not authorised to speak to the State Council Information Office (SCIO) did not immediately respond to Reuters requests for comment. The PBOC could not be immediately be contacted for comment outside of normal business backed by the U.S. dollar currently dominate the market, accounting for over 99% of the global stablecoin supply, according to the Bank for International Asia, South Korea has pledged to allow companies to introduce won-based stablecoins and develop the necessary infrastructure, while similar initiatives are underway in latest push comes amid mounting geopolitical tensions with Washington, and the growing use of dollar-backed stablecoins by Chinese latest plans come after a Shanghai regulator last month said it had held a meeting for local government officials to consider strategic responses to stablecoins and digital a recent interview, PBOC advisor Huang Yiping told local media that an offshore yuan stablecoin in Hong Kong is "a possibility".Separately, Hong Kong's long-awaited stablecoin ordinance took effect on August 1 and positions the Chinese-controlled territory as one of the first markets globally to regulate fiat-backed stablecoin commercial hub Shanghai is also establishing an international operation centre for the digital to the sources, Hong Kong and Shanghai will be the main cities to fast-track local implementation of the latest is expected to discuss expanding the use of yuan and possibly stablecoins for cross-border trade and payments with some countries at the Shanghai Cooperation Organisation (SCO) Summit to be held Aug. 31-Sep. 1 in Tianjin, said the global stablecoin market is currently small at about $247 billion, according to crypto data provider CoinGecko. However, Standard Chartered Bank estimates it could grow to $2 trillion by 2028.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store