Honda has postponed its ambitious $11 billion (C$15 billion) electric vehicle (EV) production hub in Ontario, Canada, for at least two years, citing U.S. tariffs and a slower-than-expected EV market. The decision, announced by CEO Toshihiro Mibe on May 13,…
Nissan Motor Co. is intensifying its turnaround with a drastic restructuring plan, slashing 10,000 additional jobs and closing seven assembly plants worldwide to bolster its electric vehicle (EV) strategy, as announced by CEO Ivan Espinosa on May 13, 2025. This…
Ford Motor Co. announced on May 13, 2025, that it is eliminating approximately 350 connected-vehicle software jobs in the U.S. and Canada, representing about 5% of its connected-vehicle software team. This move, aimed at boosting efficiency, comes as Ford refines…
Jaguar Land Rover (JLR), Britain’s largest automotive employer, has reported its strongest profits in a decade, reaching $3.14 billion (£2.5 billion) for the 2024-25 financial year, up from $2.77 billion (£2.2 billion) the previous year, despite looming U.S. tariff uncertainties.…
General Motors (GM) has announced a significant advancement in electric vehicle (EV) battery technology, partnering with LG to develop lithium manganese-rich (LMR) batteries that promise a 400-mile range. This new chemistry, set to power GM’s upcoming electric trucks and SUVs…
Polestar, the Swedish electric vehicle (EV) manufacturer, has named Rick Bryant as its new Head of North America, effective May 12, 2025, as the company aims to capitalize on its recent sales surge. Bryant’s appointment, announced in a company statement,…
Bollinger Motors, a Michigan-based electric vehicle (EV) startup focused on commercial trucks, has been placed into receivership following a court ruling, signaling severe financial distress for the company that raised $148 million but produced only 40 trucks. According to Automotive…
Swedish electric vehicle maker Polestar announced a significant 31% reduction in its quarterly loss on Monday, signaling that its aggressive cost-saving measures and focus on higher-priced models are paying off. Amid a challenging global EV market, the company, backed by…
Vertical Aerospace announced a hybrid-electric variant of its VX4 air-taxi on May 12, 2025, aiming to expand into defense, logistics, and other commercial markets with a projected range of up to 1,000 miles, reports Reuters. This development underscores the growing…
Hyundai Motor Group has postponed the launch of its $730 million hypercasting facility in Ulsan, South Korea, from 2026 to potentially 2028, driven by softening global electric vehicle (EV) demand and a 25% U.S. tariff on imported vehicles, according to…
Xiaomi, the Chinese technology giant, has secured a premium partnership with the Nürburgring, the world’s longest permanent racetrack, to bolster its electric vehicle (EV) development and brand visibility. This collaboration, announced on Nürburgring’s official site, marks a significant step for…
China’s passenger car market continued its upward trend in April 2025, with sales climbing 14.8% year-over-year, driven largely by a boom in electric vehicles (EVs) and plug-in hybrids. According to the China Passenger Car Association (CPCA), this marks the third…
Volvo has teased the all-new 2026 XC70 plug-in hybrid electric vehicle (PHEV), reviving the iconic Cross Country nameplate with a remarkable 125-mile electric range. This announcement positions the XC70 as a standout choice for EV enthusiasts seeking a versatile crossover…
A new Electric Vehicle Intelligence Report (EVIR) reveals shifting consumer perceptions in the U.S. electric vehicle (EV) market, with Honda, Chevrolet, and Ford gaining ground as Tesla’s brand reputation weakens. Based on a survey of over 8,000 U.S. consumers, the…
Tesla has set a new benchmark in electric vehicle (EV) production, completing the ramp-up of its updated Model Y at Giga Shanghai in just six weeks, the fastest in the company’s history. Announced through a post on Weibo, this milestone…
Chinese electric vehicle giant BYD and metals group Tsingshan have scrapped their plans to build lithium cathode plants in Chile, a move that could ripple through the electric vehicle (EV) battery supply chain, according to Chile’s economic development agency Corfo.…
Jeep has launched its new Compass EV, an electric SUV designed to challenge the Tesla Model Y with lower prices and superior off-road capability. Set to arrive by the end of 2025, this electric vehicle (EV) combines Jeep’s rugged heritage…
In a significant milestone for the electric vehicle (EV) industry, EVs now account for roughly one in every 30 used car sales in the UK, according to recent data from the Society of Motor Manufacturers and Traders (SMMT). This growth,…
On May 9, 2025, Wolfspeed (WOLF.N), a key player in the electric vehicle (EV) supply chain, saw its shares drop 23% after the company raised concerns about its financial stability and slashed its annual revenue forecast. The chipmaker, known for…
The UK government has finalized a £1 billion (approximately $1.27 billion) funding deal to construct a new electric vehicle (EV) battery gigafactory in Sunderland, a move set to create 1,000 jobs and produce batteries for up to 100,000 EVs annually.…
Nissan Motor Co. has halted its $1.1 billion plan to construct an electric vehicle (EV) battery plant in Kitakyushu, Japan, as the company shifts focus to financial recovery amid a projected record net loss. Announced on May 9, 2025, this…
Mazda has taken a significant step in the electric vehicle (EV) landscape by partnering with Tesla to adopt the North American Charging Standard (NACS) for its battery electric vehicles (BEVs) launching in Japan from 2027 onward. This agreement, announced on…
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…
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…
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,…
Lucid Motors has rolled out aggressive pricing and incentives for its 2025 Lucid Air lineup, making its luxury electric vehicles (EVs) more accessible to buyers. The updated pricing, detailed on Lucid Motors’ official website, positions the Air Pure, Air Touring,…
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…
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…
Tesla’s Director of Battery Technology and Powertrain Architecture, Vineet Mehta, announced his departure from the company after 18 years, marking the end of a pivotal era for Tesla’s electric vehicle (EV) advancements. Mehta, who joined Tesla in 2007, shared his…
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…
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