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…
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