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NIO · BYD

BYD Retakes The Global EV Crown From Tesla With Quarterly Sales That Shrank 8%

BYD sold 557,090 fully electric vehicles in the second quarter, enough to take back the global BEV crown from Tesla a full day before Tesla reports its own numbers. Here is the part most coverage will skip: that winning figure is 8.22% lower than what BYD sold in the same quarter last year. Tesla publishes…

Volkswagen Faces Tough Choices: Plant Closures and Job Cuts Loom
Volkswagen

Volkswagen Weighs 100,000 Job Cuts And Four Plant Closures As Its EV Bet Comes Due

Volkswagen is considering cutting as many as 100,000 jobs and closing four German factories, two people familiar with the matter told Reuters on Friday, June 26, in what would be the largest restructuring in the company’s 89-year history. The plants on the list are Volkswagen‘s sites in Hanover, Zwickau and Emden, plus Audi‘s factory in…

Morgan Stanley Downgrades Lucid, Rivian to Sell, Warns of 'EV Winter' Into 2026
Lucid

Lucid Cuts 18% Of US Workforce, Eliminates COO Role In Napoli’s First Major Move

Lucid Group cut roughly 18% of its U.S. workforce on Monday, its second mass layoff in four months, and eliminated the chief operating officer position. The move removes Marc Winterhoff, who ran Lucid as interim chief executive for more than a year. It is the first major operational decision from Silvio Napoli, the former Schindler…

BYD Recalls Nearly 97,000 EVs Over Potential Fire Risk
BYD

BYD Pays for Crashes Its Driver-Assist Causes, the Bill Tesla Still Hands to Owners

BYD will cover every dollar of an at-fault crash when its urban driver-assist system is steering, with no cap on the payout. The Chinese automaker pledged that guarantee on May 28 at its Intelligence Strategy Launch Event in Shenzhen, the same showcase where it revealed the XUANJI A3, which it calls China’s first homegrown 4-nanometer…

Model Y

China’s EV Dominance Came From City Hall, Not Beijing, And Washington Is Repeating Its Drone Mistake

New research published in The China Journal dismantles the story Washington tells itself about China’s electric vehicle rise. Political scientists Fengming Lu and Xiao Ma argue the boom was never engineered by a Beijing master plan. It grew from alliances between ambitious second-tier city governments and private carmakers that central regulators had locked out of…

Geely Already Builds Cars In South Carolina, And The Chinese EV Ban Has A Factory-Sized Hole
South Carolina

Geely Already Builds Cars In South Carolina, And The Chinese EV Ban Has A Factory-Sized Hole

Chinese electric vehicles are closer to American driveways than the 125% cumulative tariff wall suggests, and the question driving industry analysis this week is no longer whether they arrive but through which door. One door already exists: Zhejiang Geely Holding Group owns the Volvo plant near Charleston, South Carolina, where Volvo and Polestar models roll…

Toyota Chairman Akio Toyoda Says He Feels 'Very Alone' as the Industry Shifts to EVs
Toyota

Toyota Chairman Akio Toyoda Says He Feels ‘Very Alone’ as the Industry Shifts to EVs

Toyota chairman Akio Toyoda told British outlet Carwow this week that the industry-wide move to battery-electric vehicles is the single thing he fears most about the future of the car, and that his public defense of combustion engines has left him feeling isolated at the top of the world’s largest automaker. The interview, conducted by…

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