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BYD Recalls Nearly 97,000 EVs Over Potential Fire Risk
BYD

BYD to Launch European EV Hub in Hungary, Boosting Jobs and Innovation

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 Orban on May 15, 2025, BYD CEO Wang Chuanfu outlined the hub’s role in advancing…

Tesla

Tesla Abandons Robotaxi Lease Plan, Sells Off Vehicles Instead

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 the electric vehicle giant, raising questions about its autonomous driving ambitions and customer trust. A…

XPeng

Xpeng Unveils Next-Gen P7 Electric Sedan with Global Ambitions

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 debut in April 2020, aims to solidify Xpeng’s position in the competitive EV market with…

Starting from 2025, Nissan vehicles will be equipped with the Tesla-developed North American Charging Standard (NACS) port. This is a strategic step towards Nissan’s target of making 40% of U.S. vehicle sales fully electric by 2030.
Nissan

Nissan’s $4.5 Billion Loss Signals Tough Road Ahead for EV Strategy

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 Bloomberg reported that the Japanese automaker is grappling with an outdated lineup, declining U.S. sales, and looming tariffs, raising questions about…

Texas

Mysterious Covered Tesla Vehicles Spotted During Drone Flyover at Giga Texas

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 video offers a rare glimpse into Tesla’s ongoing development efforts as the company ramps up…

Tesla

JP Morgan Boosts Tesla Stake by 9.5% as EV Investments Surge

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 31, 2025, a position worth approximately $13.7 billion. This move underscores J.P. Morgan’s continued confidence…

Tesla

Mazda Adopts Tesla’s NACS Superchargers in U.S. and Japan, Boosting EV Charging Efficiency

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 Sony Honda Mobility’s Afeela brand, and promises faster, more reliable charging for its electric vehicle…

Tesla Sues Ex-Supplier for Alleged $1B+ Battery Trade Secret Theft
Tesla

Redwood Materials Bolsters EV Battery Recycling with Tesla Veteran Mark Westfall

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 ecosystem by recycling and refining battery materials for new EVs, a process already supplying Tesla’s…

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