Chinese electric vehicle (EV) leader BYD announced plans to establish a European center in Hungary, a move that will create 2,000 jobs and strengthen its foothold in the region. Speaking at a Budapest news conference alongside Hungarian Prime Minister Viktor…
In a surprising shift, Tesla has ended its controversial no-buyout lease policy, originally designed to reclaim vehicles for its planned robotaxi fleet, and instead sold the cars to new buyers. This move, reported by Reuters, marks a significant pivot for…
On May 14, 2025, Chinese electric vehicle (EV) manufacturer Xpeng revealed the next-generation P7, a sleek coupe sedan internally codenamed E29, marking a significant update to its iconic sports sedan lineup. This facelift, the first major refresh since the P7’s…
Nissan Motor Co., once a pioneer in electric vehicles with the Leaf, reported a staggering $4.5 billion net loss for fiscal 2024, its worst financial performance in 25 years, prompting a drastic restructuring plan. Bloomberg reported that the Japanese automaker…
A recent drone flyover at Tesla’s Giga Texas facility has sparked intrigue among electric vehicle (EV) enthusiasts, capturing footage of two mysterious covered Tesla vehicles undergoing road tests. Shared on social media by longtime Giga Texas observer Joe Tegtmeyer, the…
J.P. Morgan Chase increased its stake in Tesla by 9.5% (or 3.43 million shares) in the first quarter of 2025, according to its latest 13F filing with the SEC. The asset manager held 39,415,548 shares in Tesla as of March…
Mazda has announced plans to adopt Tesla’s North American Charging Standard (NACS) Supercharger system in both the United States and its home market of Japan. This move positions Mazda among the first Japanese automakers to embrace NACS in Japan, following…
Redwood Materials, a leader in electric vehicle (EV) battery recycling, has welcomed Mark Westfall, a former Tesla engineer with a decade of experience, to its team. This strategic hire, announced on LinkedIn, strengthens Redwood’s mission to create a sustainable energy…
The Ford F-150 Lightning has reclaimed the top spot in the U.S. electric pickup market, surpassing the Tesla Cybertruck in registrations for March and the first quarter of 2025, according to S&P Global Mobility. With 2,598 registrations in March compared…
In March 2025, U.S. electric vehicle (EV) registrations soared by 20%, reaching 115,758 units, driven by consumer anticipation of price hikes from looming tariffs on imported autos and parts, according to S&P Global Mobility. This growth outpaced the overall light-vehicle…
Stellantis has postponed the launch of its all-electric Ram 1500 pickup to summer 2027, marking the second delay for the battery electric vehicle (BEV) initially unveiled in 2023, according to a memo to suppliers reported by Crain’s Detroit Business. The…
Lucid Group Inc., backed by Saudi Arabia’s sovereign wealth fund, is advocating for tariffs on foreign vehicles to strengthen the kingdom’s nascent auto manufacturing sector and reduce its heavy reliance on imports. Interim CEO Marc Winterhoff stressed the urgency of…
Tesla board chair Robyn Denholm has sparked controversy after selling $180 million in company stock over the past six months, a move drawing sharp criticism as Tesla navigates a turbulent period in the electric vehicle (EV) industry. According to an…
Tesla’s decision to relocate its legal incorporation from Delaware to Texas has set off a ripple effect in the electric vehicle (EV) industry, with several major companies following suit. This trend, dubbed the “Dexit,” stems from a Delaware court ruling…
Tesla’s stock surged 4.1% on Wednesday, closing at $347.60, as investors rallied behind the company’s focus on self-driving technology and new electric vehicle (EV) models. According to a Barron’s report, the excitement stems from Tesla’s upcoming robotaxi service and its…
On May 14, 2025, U.S. energy officials began investigating Chinese-made solar power inverters after discovering undocumented communication devices, including cellular radios, inside some units, according to Reuters. These inverters, critical for connecting solar panels to the U.S. electricity grid, could…
Subaru is recalibrating its electrification plans as looming U.S. tariffs, projected to cost the automaker $2.5 billion this fiscal year, disrupt its financial outlook and production strategy, according to CEO Atsushi Osaki during a May 14, 2025, news conference. With…
On May 12, 2025, House Republicans introduced a tax reform bill that could reshape the U.S. electric vehicle (EV) landscape by proposing to eliminate the $7,500 new-vehicle tax credit and $4,000 used-vehicle credit, alongside repealing fuel efficiency rules aimed at…
On May 13, 2025, Vermont Governor Phil Scott announced a pause on the state’s electric vehicle (EV) sales requirements, citing significant challenges with infrastructure and technology. This decision aligns Vermont with broader concerns about the feasibility of zero-emission vehicle rules,…
Tesla shareholder Ron Baron, founder of Baron Capital, remains a steadfast supporter of the electric vehicle (EV) giant, projecting a potential 10-fold increase in Tesla’s stock value. Speaking at the Economic Club of New York on May 13, 2025, Baron…
Honda has postponed its ambitious $11 billion (C$15 billion) electric vehicle (EV) production hub in Ontario, Canada, for at least two years, citing U.S. tariffs and a slower-than-expected EV market. The decision, announced by CEO Toshihiro Mibe on May 13,…
Nissan Motor Co. is intensifying its turnaround with a drastic restructuring plan, slashing 10,000 additional jobs and closing seven assembly plants worldwide to bolster its electric vehicle (EV) strategy, as announced by CEO Ivan Espinosa on May 13, 2025. This…
Ford Motor Co. announced on May 13, 2025, that it is eliminating approximately 350 connected-vehicle software jobs in the U.S. and Canada, representing about 5% of its connected-vehicle software team. This move, aimed at boosting efficiency, comes as Ford refines…
Jaguar Land Rover (JLR), Britain’s largest automotive employer, has reported its strongest profits in a decade, reaching $3.14 billion (£2.5 billion) for the 2024-25 financial year, up from $2.77 billion (£2.2 billion) the previous year, despite looming U.S. tariff uncertainties.…
General Motors (GM) has announced a significant advancement in electric vehicle (EV) battery technology, partnering with LG to develop lithium manganese-rich (LMR) batteries that promise a 400-mile range. This new chemistry, set to power GM’s upcoming electric trucks and SUVs…
Polestar, the Swedish electric vehicle (EV) manufacturer, has named Rick Bryant as its new Head of North America, effective May 12, 2025, as the company aims to capitalize on its recent sales surge. Bryant’s appointment, announced in a company statement,…
Bollinger Motors, a Michigan-based electric vehicle (EV) startup focused on commercial trucks, has been placed into receivership following a court ruling, signaling severe financial distress for the company that raised $148 million but produced only 40 trucks. According to Automotive…
Swedish electric vehicle maker Polestar announced a significant 31% reduction in its quarterly loss on Monday, signaling that its aggressive cost-saving measures and focus on higher-priced models are paying off. Amid a challenging global EV market, the company, backed by…
Xiaomi, the Chinese technology giant, has secured a premium partnership with the Nürburgring, the world’s longest permanent racetrack, to bolster its electric vehicle (EV) development and brand visibility. This collaboration, announced on Nürburgring’s official site, marks a significant step for…
China’s passenger car market continued its upward trend in April 2025, with sales climbing 14.8% year-over-year, driven largely by a boom in electric vehicles (EVs) and plug-in hybrids. According to the China Passenger Car Association (CPCA), this marks the third…
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