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China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
BYD

Uber Partners with BYD to Accelerate EV Adoption Among Ride-Share Drivers

Ride-hailing giant Uber has announced a groundbreaking partnership with BYD, the world’s largest electric vehicle manufacturer, in a bid to reportedly boost EV ownership among its drivers. The Deal: Discounts and Special Leases The agreement aims to make EV ownership more accessible to Uber drivers through: Ambitious Goals and Global Reach This partnership has set…

Porsche's Electrifying Feat: Taycan Sets New Nürburgring Record
Porsche

Porsche Charges into Battery Tech with Stake in Struggling Varta

Luxury automaker Porsche is making a bold move into the electric vehicle (EV) battery space, injecting fresh capital into struggling German battery manufacturer Varta. This strategic investment, reported by EuroNews, aims to secure high-performance batteries for Porsche’s growing lineup of hybrid and electric cars while supporting German battery production. A Lifeline for Varta Varta, facing…

Tesla Expert Sanjay Lal Joins Volkswagen’s EV Software Drive, Volkswagen Races Ahead in EV Charger Installation
Volkswagen

Volkswagen Centralizes EV Development in China to Boost Competitiveness

Volkswagen is making significant changes to its electric vehicle (EV) development strategy in China. The German automaker is centralizing its EV operations in Anhui province, aiming to better compete with local manufacturers and meet the unique demands of Chinese consumers, according to a report from CNEVPost. Shifting R&D Focus to Anhui Volkswagen’s current R&D center…

Jeep's Electrifying Success in Europe: Avenger EV Surges with Over 40,000 Reservations
Stellantis

Italian Government Clashes with Stellantis Over EV Production and National Identity

Italy’s Prime Minister Giorgia Meloni is locked in a heated battle with automotive giant Stellantis, pushing for increased electric vehicle production on Italian soil. This ongoing conflict, reported by POLITICO, highlights the tensions between economic patriotism and the global nature of the automotive industry. The Stellantis Saga Stellantis, formed from the merger of Fiat-Chrysler and…

Tesla

Chinese EV Sales Drop in EU Following New Tariffs

The European Union’s new tariffs on Chinese-made electric vehicles (EVs) have caused a significant slowdown in their influx, according to recent data from Dataforce. The move, aimed at protecting EU automakers from low-cost competition, has resulted in a 45% decrease in new EV registrations from Chinese manufacturers like BYD and SAIC Motor’s MG in July…

Model Y

Chinese EV Brands Gain Traction in Hong Kong, Eyeing Global Expansion

Hong Kong’s electric vehicle (EV) market is experiencing a significant shift as Chinese brands gain popularity and market share. According to a recent report by the South China Morning Post, mainland Chinese EV manufacturers are using the city as a testing ground and springboard for international expansion. Surge in Chinese EV Market Share The market…

Tesla

EU Tariffs Shake Up Chinese EV Market Share

European Union’s new tariffs on Chinese-made electric vehicles (EVs) have sent shockwaves through the market, causing a significant drop in registrations. According to Bloomberg, the introduction of these tariffs, which can reach up to 48%, has led to a 45% decrease in Chinese EV registrations in the EU this July compared to June. Tariff Impact…

Polestar

Polestar Begins US Production to Sidestep Chinese EV Tariffs

Swedish electric vehicle maker Polestar has started production of its Polestar 3 SUV in the United States, marking a significant step in avoiding major tariffs on Chinese-made cars, according to Reuters. Polestar Shifts Production Strategy Polestar, majority-owned by China’s Geely, has been manufacturing its vehicles in China and exporting them to overseas markets. However, recent…

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