Chinese EV maker Nio is branching out into hybrids, with plans to launch its first hybrid model in 2026 exclusively for overseas markets. The surprising move comes as the company adapts to challenges in international markets, according to a Reuters…
Chinese electric vehicle stocks saw significant gains after industry leader BYD posted extraordinary October delivery numbers, backed by strong government incentives driving the sector’s growth, reports Bloomberg. Record-Breaking Performance BYD’s shares surged up to 5.6% in Hong Kong trading on…
The European Union has made a decisive move by implementing increased customs duties on Chinese-made electric vehicles, marking a watershed moment in the evolving trade relationship between the EU and China, according to AP News. This decision comes after failed…
In a surprising move highlighting the complex interplay between business and politics, Tesla has joined forces with other major EV manufacturers to support California’s low-carbon fuel standard, according to Politico. Auto Industry Shows United Front Tesla, along with Hyundai, GM,…
In a stunning display of electric performance, smartphone giant Xiaomi’s SU7 Ultra prototype has shattered expectations at the legendary Nürburgring Nordschleife, reportedly completing a lap in just 6 minutes and 48.874 seconds, according to Xiaomi’s official announcement. Breaking Records Before…
In a striking demonstration of China’s evolving technological resilience, BYD has emerged as a global EV powerhouse, now selling more electric vehicles than Tesla Inc., while successfully navigating US trade restrictions through strategic international expansion. This development comes amid broader…
Tesla delivered a knockout punch to Wall Street bears, with short-sellers taking a massive $3.5 billion hit after the EV maker’s surprisingly strong earnings report, according to reporting from Bloomberg. Unexpected Triumph The electric vehicle giant defied expectations with a…
Mercedes-Benz is facing significant headwinds as it reports a dramatic drop in profits and EV sales for Q3 2023, according to a Financial Times report. EV Sales Take a Hit Pure electric vehicle sales plummeted 31% year-over-year in Q3, though…
Tesla’s CEO Elon Musk has made a bold prediction about the future of transportation, claiming that manually-driven vehicles will soon become as obsolete as horses, according to a report from Fortune covering Tesla’s third-quarter earnings call. The Death of Manual…
In a candid revelation that’s sending ripples through the automotive industry, Ford CEO Jim Farley has been secretly test-driving a Chinese-made Xiaomi electric vehicle – and his verdict is turning heads. The surprising admission came during an in-depth discussion on…
Tesla delivered a powerful financial performance in Q3 2024, reporting adjusted earnings of $0.72 per share ($2.51 billion net income), significantly outpacing analyst expectations of $0.59 per share, according to Forbes reporting. Strong Financial Performance Marks Turning Point The EV…
In a troubling revelation about one of America’s most promising electric vehicle manufacturers, a detailed investigation has uncovered serious workplace safety concerns at Rivian’s manufacturing facility in Normal, Illinois. The investigation, published by Bloomberg News, paints a concerning picture of…
Volvo Cars has significantly cut its annual sales growth forecast and shifted its all-electric timeline as market pressures mount, according to the Financial Times. Growth Forecast Takes a Hit The Swedish automaker now expects just 7-8% retail sales growth this…
In a significant development for autonomous EV transportation, Palo Alto officials are in preliminary talks with Tesla to transform local streets into a testing ground for the automaker’s newly announced robotaxi service. This potential partnership, first announced by city spokesperson…
Tesla’s upcoming Q3 earnings call is shaping up to be a high-stakes showdown, with CEO Elon Musk in the hot seat as investors and analysts prepare to grill him on the company’s ambitious robotaxi plans. This heightened scrutiny comes in…
Ford’s latest patent filing has turned heads in the automotive and security industries. The automaker recently published a patent for a vehicle-based security system that sounds like it’s straight out of a sci-fi movie. Drones and Cars: An Unlikely Security…
The Paris motor show has become a battleground for the future of Europe’s auto industry, with Chinese electric vehicle (EV) manufacturers making a strong push into the market. This development, reported by The Guardian, highlights growing concerns about the competitiveness…
A recent concept design shared on X (formerly Twitter) by user Nic Cruz Patane has sparked imagination about the future of Tesla’s vehicle lineup. The images showcase a “CyberY” concept, reimagining the popular Model Y with the distinctive angular aesthetic…
Tesla has significantly reduced prices for its futuristic Cybertruck, potentially aiming to sustain momentum and boost sales. This move comes as the electric pickup truck jumps to the No. 3 spot among best-selling EVs in the U.S., reports Forbes. Price…
The National Highway Traffic Safety Administration (NHTSA) has launched a new investigation into Tesla’s “Full Self-Driving (Supervised)” software following reports of crashes in low-visibility conditions, including one that resulted in a pedestrian fatality. Safety Concerns in Low-Visibility Conditions NHTSA’s Office…
Apple Inc. secretly collaborated with Chinese automaker BYD Co. on developing long-range EV batteries as part of its now-canceled car project, according to a recent Bloomberg report. This partnership, which began around 2017, aimed to create advanced battery systems using…
The city of St. Louis has sparked controversy by purchasing nine Ford Mustang Mach-E electric vehicles for its municipal fleet, a move that’s drawing scrutiny from some city officials. Unexpected EV Choice Raises Questions City officials aimed to reduce their…
Mini’s just shaken up the hot hatch world with its first-ever electric John Cooper Works models. The iconic British brand debuted the JCW Electric and JCW Aceman, both packing some serious electric punch. Car and Driver reports on this electrifying…
GM Energy, a subsidiary of General Motors Co., has launched a game-changing product for electric vehicle owners – the GM Energy PowerBank. This innovative stationary energy storage unit is poised to transform how EV users manage their energy consumption and…
Tesla demonstrated its advanced autonomous driving capabilities at the recent We, Robot event, as reported by Ashok Elluswamy from Tesla’s Autopilot Department. The electric vehicle manufacturer conducted over 1,300 fully autonomous trips without any issues, highlighting the progress of their…
Tesla’s stock saw a modest uptick on Tuesday, rising 0.2% to $219.57, as investors and analysts weighed in on the company’s recent robotaxi updates. This news comes from a Barron’s article by Al Root, detailing the market’s response to Tesla’s…
A groundbreaking study from the University of Toronto has uncovered significant population-level health benefits associated with the widespread adoption of electric vehicles (EVs). The research, published in the Proceedings of the National Academy of Sciences, used computer simulations to predict…
Chinese electric vehicle manufacturers made a bold statement at this year’s Paris Auto Show, showcasing their latest models despite recent EU tariffs. According to reporting from The New York Times, a record number of Chinese automakers unveiled cutting-edge EVs, seemingly…
Global sales of electric vehicles (EVs) and plug-in hybrids jumped 30.5% year-over-year in September, according to data from market research firm Rho Motion. This surge was primarily driven by China’s record-breaking numbers and a return to growth in Europe. China…
The CEO of BMW, Oliver Zipse, has cautioned that the European Union’s plans to ban traditional combustion engines by 2035 may no longer be realistic and could lead to a significant contraction of the automotive industry. This warning came during…
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