China’s electric vehicle (EV) market, the world’s largest, faces a dramatic shakeout, with only 15 of the current 129 EV and plug-in hybrid brands expected to remain financially viable by 2030, reports Reuters. Intense competition, overcapacity, and a brutal price…
On July 2, 2025, Lucid Group, Inc. reported a 38% increase in second-quarter vehicle deliveries, reaching 3,309 electric vehicles (EVs), up from 2,394 in Q2 2024. However, the figures missed Wall Street’s expectations of 3,611 units, reflecting challenges in the…
China’s leading electric vehicle (EV) manufacturer, BYD Co., has paused its plans to build a major production facility in Mexico due to escalating trade tensions fueled by U.S. President Donald Trump’s aggressive tariff policies, according to a Bloomberg report. The…
Tesla’s second-quarter 2025 deliveries declined by 14% compared to last year, but the numbers proved less severe than anticipated, boosting the company’s stock price. According to a post on X by Sawyer Merritt on July 2, 2025, Tesla delivered 384,122…
Volvo Cars reported a 12% decline in global sales for June 2025, totaling 62,858 vehicles, marking the fourth consecutive month of falling volumes due to trade tariffs and weaker electric vehicle (EV) demand, according to Reuters. This downturn highlights challenges…
In a notable shift, Tesla’s China-made electric vehicle (EV) sales climbed 0.8% year-over-year in June 2025, reaching 71,599 units and halting an eight-month downward trend, according to Reuters. Despite this uptick, fierce competition from Chinese rivals like BYD, whose global…
In June 2025, BYD Co., China’s leading electric vehicle (EV) manufacturer, achieved its strongest sales month of the year, delivering 377,628 vehicles, including 206,884 battery electric passenger cars, a 10% increase from June 2024, according to a company statement, reports…
China’s electric vehicle (EV) market is electrified by Xiaomi’s YU7 SUV, but delivery waits of up to 60 weeks have sparked backlash among eager buyers. The smartphone-turned-EV maker secured 240,000 orders within 18 hours of the YU7’s launch on June…
The U.S. Senate’s decision to eliminate a $7,500 tax credit for new electric vehicle (EV) purchases and leases, along with a $4,000 credit for used EVs, effective September 30, 2025, has sparked urgent calls from advocacy groups for the House…
General Motors has unveiled a game-changing lithium manganese-rich (LMR) battery that promises to make electric vehicles (EVs) more affordable without compromising range, potentially shifting the competitive landscape away from China’s lithium iron phosphate (LFP) dominance. According to IEEE Spectrum, GM’s…
The U.S. Senate narrowly passed the “Big Beautiful Bill” on July 1, 2025, a sweeping legislative package championed by former President Donald Trump, sending it to the House for final approval. This 940-page bill, which includes a $5 trillion federal…
Ford CEO Jim Farley has sounded the alarm on China’s electric vehicle (EV) industry, describing its technological and cost advantages as a critical challenge for American automakers. Speaking at the Aspen Ideas Festival on June 27, 2025, Farley called China’s…
Tesla is projected to miss second-quarter delivery expectations, with Deutsche Bank forecasting 355,000 vehicles delivered against a consensus of over 380,000, according to Investing.com. Despite this, the bank maintains its Buy rating and $345.00 price target, citing Tesla’s long-term potential…
Tesla has rolled out its first V4 Superchargers in China, a major step forward for electric vehicle (EV) charging infrastructure in the world’s largest EV market. Now operational in Shanghai, Chongqing, Gansu, and Zhejiang provinces, these advanced chargers promise faster…
Serbia has secured a promise from China to expedite exports of critical minerals essential for electric vehicle (EV) production, directly benefiting Stellantis’ factory in Kragujevac, according to Serbian President Aleksandar Vucic. This development, announced on June 29, 2025, addresses supply…
On Sunday, China’s Contemporary Amperex Technology Co. Ltd. (CATL), the world’s leading electric vehicle (EV) battery manufacturer, broke ground on a $6 billion battery material ecosystem in Indonesia, partnering with Indonesia Battery Corp. and PT Aneka Tambang, reports Bloomberg. This…
Lucid Motors CEO Marc Winterhoff has urged Congress to preserve the $7,500 federal electric vehicle (EV) tax credit, warning that its elimination could cripple startups like his in a competitive market. As the Senate prepares to vote on a bill…
On Saturday, June 28, 2025, Elon Musk, CEO of Tesla Inc., publicly condemned the U.S. Senate’s revised tax bill, which accelerates the elimination of the $7,500 electric vehicle (EV) tax credit. Musk’s sharp criticism, posted on his social media platform…
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.…
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…
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…
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 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…
The dream of fully autonomous cars continues to stall, leaving electric vehicle (EV) enthusiasts and industry watchers intrigued yet cautious. Despite early optimism following the US military’s Darpa challenge two decades ago, progress toward Level 5 self-driving cars—capable of driving…
A dramatic incident unfolded in the Pacific Ocean late Monday when the Morning Midas, a car carrier transporting electric vehicles (EVs), sank after a fire raged on its deck for weeks. The 600-foot-long vessel, which had been adrift since June…
BMW is set to reintroduce range extender technology with the iX5 SUV, a model already in testing and slated for a potential 2026 release, according to a report by Auto News. This move marks a strategic pivot for the German…
Last month, a dazzling drone display above Rome’s Olympic Stadium unveiled BYD’s Dolphin Surf, signaling the Chinese automaker’s aggressive push into Europe’s electric vehicle (EV) market. The glowing orbs formed the car’s silhouette against iconic landmarks like the Colosseum, pitching…
Car buyers in the U.S. face a significant price hike, with auto tariffs set to increase vehicle costs by nearly $2,000 per car, according to a new analysis from consultant AlixPartners. Published on June 19, 2025, the report highlights a…
A massive influx of affordable electric vehicles (EVs) from China’s BYD has reached Brazil, with the BYD Shenzhen—world’s largest car-carrying ship—docking at Itajaí port on May 28, 2025. The vessel, loaded with the equivalent of 20 football fields’ worth of…
Electric vehicle (EV) sales are poised to hit a new global record in 2025, with plug-in electric vehicles expected to account for one in four new passenger vehicles sold worldwide, according to the latest BloombergNEF Electric Vehicle Outlook. However, the…
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