Lotus to End UK Production, Eyes US Move for Electric Vehicle Strategy
Lotus, the iconic British automaker, is poised to halt production at its historic Hethel, Norfolk factory after 59 years, with plans to shift manufacturing to the United States, according to a report by Autocar. This strategic pivot, driven by U.S.…
Photos of Tesla’s First Fully Autonomous Model Y Delivery
Tesla has achieved a historic milestone with the first fully autonomous delivery of a Model Y to a customer’s home, completed a day ahead of schedule on June 27, 2025. The delivery, which navigated highways and local roads with no…
Polestar Secures $200M Investment to Boost EV Expansion and Sales Growth
On June 16, 2025, Polestar, the Sweden-based electric vehicle (EV) manufacturer, announced a $200 million equity investment from PSD Investment, a firm controlled by Geely Holding Group’s founder, Li Shufu. This funding, reportedly secured through a private investment in public…
Tesla Achieves Historic Fully Autonomous Model Y Delivery Ahead of Schedule
Tesla has made a groundbreaking leap in electric vehicle (EV) technology with the first fully autonomous delivery of a Model Y, completing a journey from factory to a customer’s home across town, including highways, a day ahead of schedule. UPDATE:…
BYD Boosts Electric Bus Production with $94M Hungary Plant
Chinese automaker BYD is set to triple its electric bus and truck production in Europe with a new $94 million facility in Komarom, Hungary, a move that strengthens Hungary’s position as a hub for Chinese electric vehicle (EV) investment. Announced…
Chinese Automakers Target Africa with Affordable EVs and Hybrids
Chinese automakers like BYD, Chery, and Great Wall Motor (GWM) are accelerating their push into Africa, leveraging low-cost electric vehicles (EVs) and plug-in hybrids to tap the continent’s untapped potential. Facing trade barriers in the U.S. and Europe, these companies…
Electric Vehicle Sales Poised for Growth as Prices Drop and Options Expand
Despite a sluggish start, electric vehicle (EV) sales are set to gain momentum, driven by falling prices, growing incentives, and a surge in model variety, according to recent industry forecasts. Cox Automotive and J.D. Power highlight a dynamic shift in…
China Links Cognac Deal to EU Tariff Talks, Impacting Electric Vehicle Trade
China has tied a tentative deal on minimum import prices for French cognac to progress in negotiations over EU tariffs on Chinese-made electric vehicles (EVs), creating a complex trade standoff with significant implications for the EV industry. This development, reported…
Redwood Materials Transforms Old EV Batteries into Affordable Microgrids for Energy Storage
Redwood Materials, a leader in electric vehicle (EV) battery recycling, is giving retired EV batteries a second life by converting them into cost-effective microgrids, the company announced on Thursday. By repurposing still-functional batteries, Redwood’s new division, Redwood Energy, is creating…
Volex Profits Surge 25% as EV Charger Demand Skyrockets
Volex, a leading cable manufacturer, reported a 25% profit increase for the year ending March 2025, driven by soaring demand for its electric vehicle (EV) chargers. Despite concerns over U.S. tariffs under President Trump, the company’s strategic global operations and…
Xiaomi’s $35,000 YU7 SUV Sparks Record Share Surge with 289,000 Pre-Orders
Xiaomi Corp.’s stock soared 8% to an all-time high after its $35,360 YU7 electric SUV, unveiled on June 26, 2025, drew an impressive 289,000 pre-orders in just one hour, signaling strong demand in China’s competitive EV market. Priced at 253,500…
Tesla Executive Omead Afshar Departs Amid EV Sales Slump and Robotaxi Push
Tesla’s vice president of sales and manufacturing for North America and Europe, Omead Afshar, has left the electric vehicle (EV) giant, marking another high-profile exit as the company navigates declining sales and a pivot to autonomous technology. The departure, confirmed…
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