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Mitsubishi is making a bold return to the electric vehicle (EV) market, announcing a new battery-electric model set to launch in the United States and Canada in summer 2026. The automaker revealed this development in a press release on May 7, 2025, highlighting its collaboration with alliance partner Nissan. This move marks Mitsubishi’s re-entry into…
Chinese billionaire Eric Li’s decision to privatize Zeekr, a New York-listed electric vehicle (EV) brand, marks a significant shift for the company just one year after its U.S. initial public offering (IPO). According to a Forbes report, parent company Geely Automobile will buy out Zeekr’s remaining shares for $2.2 billion, delisting the EV maker as…
Kia is gearing up to launch the global version of its EV5 electric SUV in the third quarter of 2025, bringing a refined contender to the electric vehicle market. With production slated at Kia’s Autoland Gwangju plant in South Korea, the EV5 aims to challenge the Tesla Model Y with competitive pricing, updated design, and…
Renault’s electrified revival of the iconic 1980s R5 Turbo, unveiled as the Renault 5 Turbo 3E at the 2022 Paris Auto Show, has sparked significant enthusiasm among electric vehicle (EV) enthusiasts. The limited-edition hatchback, priced at 155,000 euros ($176,000), secured 850 reservations within its first week of orders, according to Reuters, highlighting strong demand for…
Slate Auto, an upstart electric vehicle manufacturer, is making waves with a $700 million fundraising haul backed by Jeff Bezos’s investment firm, Bezos Expeditions. The funding, confirmed by Newsweek, spans Series A and B rounds, with the final close in late 2024, setting the stage for Slate to challenge the EV market with its no-frills,…
On May 8, 2025, the U.S. announced a significant reduction in tariffs on UK-made cars, including electric vehicles (EVs), dropping the rate from 27.5% to 10%. This decision, part of a broader economic deal with the UK, also eliminates tariffs on steel and aluminum, setting them to 0%. For EV enthusiasts and industry professionals, this…
Chinese electric vehicle (EV) giant BYD is setting its sights on global expansion, aiming for half of its sales to come from outside China by 2030, according to a recent report from CNEVPost. The company plans to drive growth primarily through Europe and Latin America, positioning itself to compete with the world’s largest automakers. BYD’s…
Tesla’s Model Y deliveries in Australia hit a record low of 280 units in April 2025, down 76% year-on-year, marking the brand’s weakest month in nearly three years, according to Drive. The updated 2025 Model Y, codenamed Juniper, launched in May, sparking renewed interest with a record week of test drives and near-sold-out Launch Series…
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