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…
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,…
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…
Chinese electric vehicle (EV) giant BYD is setting its sights on global expansion, aiming for half of its sales to come from outside China by 2030, according to a recent report from CNEVPost. The company plans to drive growth primarily…
Tesla’s Model Y deliveries in Australia hit a record low of 280 units in April 2025, down 76% year-on-year, marking the brand’s weakest month in nearly three years, according to Drive. The updated 2025 Model Y, codenamed Juniper, launched in…
Canadian police forces are electrifying their fleets, with the Kensington Police Service in Prince Edward Island (PEI) and Peel Regional Police in Ontario integrating electric vehicles (EVs) for patrol duties. This week, Kensington reportedly introduced a Ford Mustang Mach-E, while…
Tesla (TSLA) has hit a roadblock in its long-planned entry into India, with the departure of its India chief, Prashanth Menon, just as the electric vehicle (EV) giant prepares to launch in the world’s third-largest car market. According to a…
Lehigh County, Pennsylvania, has become the first known U.S. pension fund to stop buying new Tesla stock, citing concerns over CEO Elon Musk’s political activities and the company’s declining financial performance. According to a Business Insider report, the county’s pension…
Matthew LaBrot, a Tesla sales employee, was terminated on April 25, 2025, just one day after launching a website protesting CEO Elon Musk’s leadership, according to a Business Insider report. LaBrot’s dismissal highlights Tesla’s ongoing struggles with employee dissent and…
On May 6, 2025, Tesla launched a more affordable version of its popular Model Y, pricing the long-range rear-wheel drive variant at $44,990, which drops to $37,490 after a $7,500 federal tax credit. This move, reported by Reuters, aims to…
On May 7, 2025, 98-year-old British WWII veteran Ken Turner made headlines by driving a Sherman tank over a blue Tesla Model S, license plate reading “FASCISM,” in a dramatic protest against Elon Musk. The event, captured in a YouTube…
Tesla has officially canceled the Cybertruck Range Extender, a decision that has sparked discussions among electric vehicle (EV) enthusiasts. According to a post on X by user Drake (@TheRealDriZzy), Tesla informed customers via email that the company will no longer…
In a striking shift, Tesla’s battery storage division in Australia generated more revenue than its electric vehicle (EV) sales in 2024, highlighting the growing role of energy storage in the company’s portfolio. According to Tesla Motors Australia’s annual report filed…
Ford Motor has increased prices on three of its Mexico-produced electric vehicles (EVs), including the Mustang Mach-E, due to tariffs imposed by U.S. President Donald Trump. The automaker announced the price hikes on May 7, 2025, citing mid-year pricing adjustments…
On May 7, 2025, Tesla announced a significant perk for Cybertruck owners, offering a free 1-year trial of Full Self-Driving (FSD) Supervised, as shared by Sawyer Merritt on X. This move highlights Tesla’s push to advance autonomous driving technology in…
Tesla has launched the Model Y Long Range Rear-Wheel Drive (RWD) in the U.S., offering an impressive EPA-estimated range of 357 miles and a starting price of $44,990, which drops to $37,490 after a $7,500 federal EV tax credit. Announced…
On May 7, 2025, Northland Power Inc. announced the commercial operation of the Oneida Energy Storage Project, Canada’s largest battery energy storage system, located in Haldimand County, Ontario. This 250 MW / 1,000 MWh facility, completed ahead of schedule and…
Legendary investor Bill Miller recently shared his insights on the electric vehicle (EV) market, stating that Tesla’s current valuation doesn’t justify its price while praising BYD’s advancements in self-driving technology. In a MarketWatch report, Miller, known for beating the S&P…
Tesla’s electric vehicle (EV) sales in China took a hit in April, falling 6% year-over-year, as the U.S. automaker faces fierce competition from Chinese rivals and struggles with a tarnished image in Europe, according to a recent Reuters report. This…
Huawei’s new luxury electric sedan, the Maextro S800, has officially revealed its interior, setting a new benchmark in the EV market with a cabin that surpasses even the iconic Rolls-Royce Phantom in tech and luxury. Launched under Huawei’s HIMA subsidiary,…
Ferrari is gearing up to launch its first-ever fully electric vehicle (EV) in October 2026, marking a historic shift for the luxury sports car maker known for its roaring petrol engines. CEO Benedetto Vigna confirmed the timeline during a post-earnings…
In a surprising turn for the electric vehicle (EV) industry, Tesla’s new car sales in the UK and Germany dropped to their lowest levels in over two years in April 2025, despite a broader surge in EV demand across Europe.…
BMW has unveiled its next-generation Gen6 electric powertrain, set to debut in the iX3 later this year, promising a transformative leap in efficiency, range, and performance for its Neue Klasse lineup. According to BMW’s official release, this modular 800-volt architecture…
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