Global EV Sales Hit New Record as China Dominates Market Share
The global electric vehicle market reached another milestone in November 2024, with sales of fully electric and plug-in hybrid vehicles climbing 32.3% year-over-year to 1.83 million units, marking the third consecutive record month according to data from market research firm…
BMW’s Upcoming Electric M3 Signals Performance Evolution While Maintaining Combustion Options
BMW has officially unveiled its first glimpse of the all-electric M3, marking a pivotal moment in the evolution of its performance lineup. The electric variant will be built on BMW’s next-generation 3-series platform, incorporating the company’s Neue Klasse design language…
Nio Aims to Accelerate Growth with New Factory and Budget Brand Push
Chinese electric vehicle manufacturer Nio is implementing a strategic shift toward improved efficiency and cost control while expanding production capacity to address growth that’s currently lagging two years behind schedule. CEO William Li made these announcements during a press briefing…
Mercedes-AMG Reveals First Look at Dedicated Electric Performance SUV
Mercedes-AMG has unveiled the first official image of its upcoming all-electric performance SUV, marking a significant step in the brand’s transition to high-performance EVs. The camouflaged prototype represents AMG’s first dedicated electric SUV, built on the new purpose-built AMG.EA platform…
California Commits $1.4 Billion to EV Infrastructure Amid Federal Policy Tensions
California is making an aggressive move to fortify its electric vehicle infrastructure, approving a $1.4 billion investment plan for charging stations and hydrogen refueling facilities even as potential federal policy shifts threaten to reshape the EV landscape. The California Energy…
Nissan Overhauls Leadership, Taps Americas Chief Papin as New CFO Amid Turnaround Efforts
Nissan Motor Corporation has appointed Jeremie Papin, its Americas operations chief, as the new Chief Financial Officer in a sweeping management reorganization aimed at reversing the automaker’s declining fortunes. The announcement, made Thursday in the United States, comes as Nissan…
Tesla Confirms Plans for Sub-$30,000 EV, Raising Questions About Strategy and Timeline
Tesla is preparing to enter the budget electric vehicle market with a new model priced below $30,000 after federal tax credits, according to statements made by Tesla’s head of investor relations to Deutsche Bank analysts. The ambitious move, first reported…
BMW M Division Reveals Next-Gen Electric Performance Architecture
BMW’s M performance division has taken a significant step toward its electric future, revealing advanced development work on a four-motor architecture that could redefine the meaning of precision handling in performance EVs. In a rare behind-the-scenes look at its testing…
Stark VARG EX: Redefining Electric Enduro Performance
Stark Future has officially unveiled the Stark VARG EX, a high-performance electric enduro motorcycle designed to bridge the gap between off-road thrills and road-legal versatility. Following the success of their motocross-focused VARG model, the VARG EX introduces key upgrades that…
Lucid Gravity Achieves 450-Mile EPA Range, Exceeding Initial Estimates
Lucid Motors has reportedly secured an EPA-certified range of 450 miles for its new Gravity SUV, surpassing the company’s preliminary estimate of 440 miles, as mentioned before by the EV maker’s CEO, Peter Rawlinson. This achievement comes as Lucid begins…
Chinese EV Makers Chart Mexico Expansion While Eyeing US Market
Chinese electric vehicle manufacturers are establishing a growing presence in Mexico, marking a strategic move that could reshape North America’s automotive landscape. BYD, the world’s largest EV maker by volume, is leading this charge with makeshift dealerships appearing across Mexico…
VinFast Doubles Down on Domestic Production Despite Delivery Challenges
VinFast plans to construct a second manufacturing facility in Vietnam’s Ha Tinh province, aiming to double its production capacity to 300,000 units annually. The Vietnamese automaker announced the expansion as part of its strategy to meet international demand, particularly for…
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