China’s Xiaomi, a smartphone giant turned electric vehicle (EV) manufacturer, will prioritize its booming domestic market until 2027, when it plans to explore international car sales, CEO Lei Jun announced during a livestream on Wednesday. With its SU7 sedan and…
Geely Automobile Holdings, led by billionaire Li Shufu, is making waves in Europe’s electric vehicle (EV) market by launching its namesake brand in Italy with all-electric and hybrid SUVs. Announced on Thursday, July 3, 2025, this move marks Geely’s first…
In 2025, Chinese automakers BYD and Chery are reshaping the electric vehicle (EV) landscape, outmaneuvering global giants like Tesla, General Motors (GM), and Volkswagen (VW) with unprecedented speed and scale. A Reuters investigation reveals how these companies slashed vehicle development…
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…
In June 2025, Tesla’s sales in Germany dropped by a staggering 60%, with only 1,860 vehicles sold compared to the previous year, according to the German road traffic agency KBA. Despite a robust 8.6% rise in overall battery electric vehicle…
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, Tesla’s revamped Model Y sparked a significant sales boost in Norway and Spain, signaling strong demand for the updated electric SUV despite broader market struggles. According to Reuters, Tesla’s registrations in these countries surged, driven by the…
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…
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…
Stellantis, the Franco-Italian automaker, may shutter factories to avoid crippling European Union fines for failing to meet stringent CO2 emission targets, according to its Europe chief. This development, reported by Reuters, signals a pivotal moment for electric vehicle (EV) adoption…
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…
On June 22, 2025, Tesla launched its invite-only Robotaxi pilot in Austin, Texas, igniting excitement among electric vehicle (EV) enthusiasts and investors. The limited rollout of Model Y vehicles, operating autonomously in a geofenced area, has reportedly prompted Benchmark to…
On June 27, 2025, Volkswagen Group, BMW Group, Mercedes-Benz, and eight technology suppliers, including Bosch and Continental, signed a memorandum to develop a shared automotive software platform, aiming to challenge U.S. tech dominance in electric vehicle (EV) architectures, according to…
On June 29, 2010, Tesla debuted on the Nasdaq with its electric Roadster, a two-seat sportscar offering a 236-mile range, marking the start of a transformative journey. Fifteen years later, Tesla’s stock has surged nearly 300-fold, turning a $10,000 investment…
On June 29, 2025, Vietnamese electric vehicle (EV) manufacturer VinFast began production at its new Ha Tinh factory, a strategic move to scale up output of affordable mini urban models amid global expansion challenges. The facility, spanning 90 acres, aims…
Tesla is poised to report a 10% year-over-year drop in second-quarter vehicle deliveries, with analysts projecting around 400,000 units by June 2025, down from 440,000 last year, according to Visible Alpha estimates. The electric vehicle (EV) leader faces headwinds from…
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…
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…
Excitement is building among Tesla enthusiasts in Germany as signs point to an imminent launch of the company’s Full Self-Driving (FSD) system, potentially marking a breakthrough for autonomous driving in Europe. Recent posts on X suggest that Tesla may be…
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.…
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…
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 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…
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…
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…
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…
In May 2025, Tesla’s European sales plummeted for the fifth consecutive month, with only 8,729 vehicles sold across the European Union—a 40.5% decline from the 14,682 units sold in May 2024, according to data from the European Automobile Manufacturers Association.…
Europe’s electric vehicle (EV) market gained momentum in May 2025, with new-car registrations climbing 1.9% to 1.11 million units, according to the European Automobile Manufacturers’ Association. This uptick, driven by robust demand for plug-in hybrids and battery-electric cars, signals a…
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