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Xiaomi Corp.’s stock soared 8% to an all-time high after its $35,360 YU7 electric SUV, unveiled on June 26, 2025, drew an impressive 289,000 pre-orders in just one hour, signaling strong demand in China’s competitive EV market. Priced at 253,500 yuan, the YU7 undercuts Tesla’s Model Y by about $1,400, positioning Xiaomi as a formidable…
The dream of fully autonomous cars continues to stall, leaving electric vehicle (EV) enthusiasts and industry watchers intrigued yet cautious. Despite early optimism following the US military’s Darpa challenge two decades ago, progress toward Level 5 self-driving cars—capable of driving anywhere in all conditions—has hit significant hurdles. A Bloomberg chart projecting automation levels through 2
A dramatic incident unfolded in the Pacific Ocean late Monday when the Morning Midas, a car carrier transporting electric vehicles (EVs), sank after a fire raged on its deck for weeks. The 600-foot-long vessel, which had been adrift since June 3, succumbed to heavy weather and sank approximately 400 miles off the Alaska coast. This…
BMW is set to reintroduce range extender technology with the iX5 SUV, a model already in testing and slated for a potential 2026 release, according to a report by Auto News. This move marks a strategic pivot for the German automaker, which previously dismissed the technology’s future in 2019, and reflects growing demand for extended-range…
Last month, a dazzling drone display above Rome’s Olympic Stadium unveiled BYD’s Dolphin Surf, signaling the Chinese automaker’s aggressive push into Europe’s electric vehicle (EV) market. The glowing orbs formed the car’s silhouette against iconic landmarks like the Colosseum, pitching the hatchback as a modern Fiat 500—affordable, stylish, and electric. With competitive pricing and smart…
Car buyers in the U.S. face a significant price hike, with auto tariffs set to increase vehicle costs by nearly $2,000 per car, according to a new analysis from consultant AlixPartners. Published on June 19, 2025, the report highlights a $30 billion cost from President Donald Trump’s tariffs, driving up already high U.S. auto prices…
A massive influx of affordable electric vehicles (EVs) from China’s BYD has reached Brazil, with the BYD Shenzhen—world’s largest car-carrying ship—docking at Itajaí port on May 28, 2025. The vessel, loaded with the equivalent of 20 football fields’ worth of vehicles, marks a bold move by BYD to dominate Brazil’s growing EV market. However, this…
Electric vehicle (EV) sales are poised to hit a new global record in 2025, with plug-in electric vehicles expected to account for one in four new passenger vehicles sold worldwide, according to the latest BloombergNEF Electric Vehicle Outlook. However, the U.S. market faces a slowdown as policy shifts and rising costs challenge adoption, while China…
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