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BMW is gearing up to rival the Tesla Model 3 with its next-generation i3, a sleek sedan built on the innovative Neue Klasse platform, slated for a 2027 launch. According to recent reports, the i3 will offer an impressive range of up to 560 miles and a performance-focused M60 xDrive trim boasting 630 horsepower, positioning…
On June 16, 2025, Polestar, the Sweden-based electric vehicle (EV) manufacturer, announced a $200 million equity investment from PSD Investment, a firm controlled by Geely Holding Group’s founder, Li Shufu. This funding, reportedly secured through a private investment in public equity (PIPE), aims to fuel Polestar’s global expansion and strengthen its position in the competitive…
The U.S. Senate parliamentarian has dealt a significant blow to Republican efforts to undo landmark electric vehicle (EV) emission regulations set by the Biden administration. On Friday, June 20, 2025, the parliamentarian ruled that overturning these rules requires 60 votes in the 100-seat chamber, a higher threshold than the simple majority needed for other parts…
Swedish pension fund AP7 has made headlines by blacklisting Tesla and selling its entire stake in the U.S. electric vehicle (EV) maker, citing violations of union rights. The decision, announced on June 13, 2025, reflects growing scrutiny of labor practices within the EV industry and could signal a shift in investment strategies for sustainable portfolios,…
Ferrari has postponed its second fully electric vehicle (EV) from 2026 to at least 2028 due to insufficient demand for high-performance luxury EVs, according to two sources close to the matter, reports Reuters. This shift comes as the iconic Italian automaker prepares to launch its first EV later this year, navigating a challenging market where…
A group of Tesla owners in France has launched a lawsuit against the American electric vehicle (EV) giant, citing CEO Elon Musk’s controversial political positions as the driving force behind their decision. The legal action, filed by the Paris law firm GKA on Wednesday, June 11, 2025, reflects growing tensions between Musk’s leadership and European…
The electric vehicle (EV) industry in China is witnessing a fierce price war, with BYD at the center of escalating tensions among top manufacturers. A recent Reuters article, highlights how competitors Great Wall Motor and Geely have challenged BYD’s pricing strategies and emissions compliance, sparking a broader industry shakeup. Rivalry Intensifies Over Emissions and Pricing…
France is turning to Renault, a leader in electric vehicle (EV) manufacturing, to explore drone production for Ukraine’s defense, signaling a bold crossover of EV expertise into military technology. Renault confirmed to Reuters that the French defense ministry has approached the automaker to assist with drone manufacturing, following last week’s proposal that French companies could…
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