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Jul 25

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Lucid Motors Smashes Delivery Records in Q3 2024, Faces Production Hurdles

Arizona

Lucid Motors Acquires Nikola’s Arizona Facilities for $30M Post-Bankruptcy: A Strategic Expansion for EV Production

On April 13, 2025, Lucid Motors seized a pivotal opportunity by acquiring the Arizona facilities of Nikola, a once-hyped electric vehicle (EV) and hydrogen truck manufacturer, for $30 million following Nikola’s Chapter 11 bankruptcy filing in February. The deal, announced on April 13, 2025, encompasses Nikola’s truck business and customer relationships, providing Lucid with 884,000…

Haye KestelooApr 13

New York

Genesis GV90 EV Set to Redefine Luxury SUVs at 2025 New York Auto Show

Genesis, Hyundai Motor Group’s luxury brand, is poised to unveil its flagship electric SUV, the GV90, at the 2025 New York International Auto Show, starting April 18. Previewed by the striking Neolun concept, the GV90 promises to blend minimalist Korean design with cutting-edge technology, positioning it as a formidable contender in the premium electric vehicle…

Haye KestelooApr 13

BMW

Figure AI’s Humanoid Robots at BMW: Real Progress or Overhyped Promise?

In January 2024, Figure AI, a California-based robotics startup, announced a commercial partnership with BMW Manufacturing to deploy its humanoid robots at the automaker’s Spartanburg, South Carolina plant. The deal was hailed as a landmark for humanoid robotics, with Figure’s founder and CEO Brett Adcock touting a “fleet” of robots performing “end-to-end operations.” But a…

Haye KestelooApr 12

Tesla

Tesla Launches in Saudi Arabia Amid EV Ambitions and Infrastructure Challenges

On April 10, 2025, Tesla officially opened its doors in Saudi Arabia, a move signaling both a reconciliation between CEO Elon Musk and the kingdom’s leadership and a bold step toward the country’s aggressive electric vehicle (EV) adoption goals, as reported by Reuters. With a glitzy launch showcasing the Cybertruck and a redesigned Model Y…

Haye KestelooApr 12

Tesla

Tesla U.S. Sales Drop 9% as GM and Ford Gain Ground in Growing EV Market

Tesla’s dominance in the U.S. electric vehicle (EV) market is slipping, with sales declining nearly 9% in the first quarter of 2025, even as the overall EV market expanded by 11%, according to a recent report by Cox Automotive. The research firm’s data reveals a shifting landscape where traditional automakers like General Motors (GM) and…

Haye KestelooApr 12

Model Y

General Motors Halts BrightDrop EV Production in Ontario, Lays Off 500 Workers Amid Weak Demand

On April 11, 2025, General Motors (GM) announced the temporary suspension of its BrightDrop electric delivery van production at its CAMI plant in Ingersoll, Ontario, a move that will result in the layoff of approximately 500 workers starting April 14. According to a report by The Wall Street Journal, the decision stems from lackluster demand…

Haye KestelooApr 11

Chinese EV Makers Defy EU Tariffs at Paris Auto Show

China

EU and China Explore Minimum Price Agreement for EVs as Alternative to Tariffs

The European Union and China have taken a significant step toward potentially resolving their long-standing dispute over electric vehicle imports, with officials from both sides agreeing to explore minimum pricing as an alternative to the current tariff system, a European Commission spokesperson confirmed on Thursday, according to Reuters. Negotiations Begin on Pricing Framework EU Trade…

Haye KestelooApr 11

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

Chinese EV Manufacturers Report Explosive Growth as BYD Maintains Market Leadership

China’s electric vehicle market continues to surge with impressive momentum, as leading manufacturers reported substantial February delivery figures over the weekend. BYD and XPeng demonstrated particularly strong performance, with several players showing triple-digit year-over-year growth amid an increasingly competitive landscape. BYD Dominates with Record-Breaking Sales Performance BYD, Tesla’s

Haye KestelooMar 2

Country

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