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Porsche CEO Michael Leiters reveals a 98% profit drop in 2025 annual results. Explore how €4.7 billion in EV writedowns, U.S. tariffs, and a China sales slump are forcing a high-margin pivot back to combustion and hybrid flexibility. - Porsche Macan EV Charges Ahead with Impressive EPA Range and Cutting-Edge Tech
Porsche

Porsche halts Cellforce battery production amid slower demand, shifts unit to R&D

Porsche is ending in-house battery cell production at its Cellforce subsidiary and converting the unit into a dedicated R&D operation, citing insufficient volumes, lack of economies of scale, and tougher conditions in the U.S. and China. Roughly 200 of 286 jobs at the Kirchentellinsfurt site are expected to be cut, with some potentially absorbed by…

Tesla Spain Sales Drop 8.75% in November While EV Market Doubles - Hybrids Take Lead as Electric Vehicle Sales Plummet in California—A Wake-Up Call for EV Industry
California

Hybrids Outsell Electric Vehicles in California as EV Registrations Drop

Hybrid vehicles have overtaken electric vehicles in California’s auto market share for the second quarter of 2025, according to the California New Car Dealers Association’s Q2 Auto Outlook Report. The report shows hybrids gaining momentum while EV registrations continue to slump, challenging the state’s long-term zero-emission vehicle targets. Hybrid Vehicle Registrations Climb as EV Market…

Tesla Faces Major Lawsuit Over Full Self-Driving Promises—Are EV Buyers Misled?
Tesla

Tesla Stock Rebounds as Investors Spot Signs of Growth and Demand

Tesla stock (TSLA) is regaining momentum after a rocky first half of the year. Following weeks of losses that pushed shares below key technical benchmarks, the electric vehicle leader has tightened up, reclaimed support at major moving averages, and landed back on the Investor’s Business Daily (IBD) Leaderboard alongside fellow “Magnificent Seven” member Nvidia (NVDA).…

Ford

Ford EV Batteries Face Oversupply as Demand Slows in U.S. Market

Ford Motor Co. and its South Korean partner SK On are seeking new buyers for surplus batteries produced at their new joint-venture factory in Kentucky, a move that reflects weakening electric vehicle (EV) demand in the United States. The plant, which officially began operations this week, was initially meant to supply Ford’s own EV lineup,…

Rivian

Rivian CEO Teases R4, R5, and Possible R6 as Affordable EV Roadmap Expands

Rivian CEO RJ Scaringe has hinted at a broader lineup of affordable electric vehicles, including the R4, R5, and potentially an R6, following the launch of the R2 in early 2026 and R3 in 2027. The comments came during his appearance on Daniel Tosh’s Tosh Show podcast, where he also discussed the company’s ongoing production…

China

Global Carmakers Reshape China Strategies Amid Rapid EV Shift

Global automakers are overhauling their China strategies as foreign brands see their market share slide from 66% in 2020 to just 38% in the first half of this year, according to BloombergNEF. The shift reflects surging domestic competition, rapid electrification, and evolving consumer expectations in the world’s largest auto market. Expanding China-Specific EV Lineups With…

Acura

2026 Acura RSX EV Prototype Revealed: Bidirectional Power and NSX Vibes Steal the Show

What if your next SUV homaged the NSX while updating itself over the air? Acura’s RSX prototype, debuting now, makes that dream a reality with a witty nod to the past. Acura has revived the RSX nameplate as an all-electric crossover prototype, signaling a shift toward in-house developed electric vehicles for both Acura and its…

Ford

Why Ford’s $30,000 Midsize Electric Pickup Could Crush Competitors by 2027

Ford Motor Co. has unveiled plans for a midsize electric pickup priced around $30,000, slated for production in 2027, promising faster assembly and enhanced profitability through innovative manufacturing techniques. Innovative EV Platform Design Ford introduced its Universal EV Platform on August 11, which will support up to eight models beginning with this midsize pickup, according…

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