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On July 3, 2025, shares of Rivian Automotive Inc. and Lucid Group Inc. surged by up to 4.6% and 8.8%, respectively, following a BNP Paribas analysis suggesting that the electric vehicle (EV) manufacturers could benefit from President Donald Trump’s tax bill, which eliminates the $7,500 EV tax credit after September 30, 2025. Bloomberg reports that…
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 times to as little as 18 months, compared to over five years for Western rivals,…
Volkswagen, BMW, Mercedes-Benz, and eight technology suppliers, signed a memorandum to develop a shared automotive software platform
On June 3, 2025, the Morning Midas caught fire and sank 20 days later, costing the EV industry an estimated $560 million. The ship carried 750 EVs
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 to produce 200,000 vehicles annually, complementing the company’s flagship Haiphong plant, which targets 950,000 units…
BMW is gearing up to rival the Tesla Model 3 with its next-generation i3, a sleek sedan built on the innovative Neue Klasse platform, slated for a 2027 launch. According to recent reports, the i3 will offer an impressive range of up to 560 miles and a performance-focused M60 xDrive trim boasting 630 horsepower, positioning…
On Sunday, China’s Contemporary Amperex Technology Co. Ltd. (CATL), the world’s leading electric vehicle (EV) battery manufacturer, broke ground on a $6 billion battery material ecosystem in Indonesia, partnering with Indonesia Battery Corp. and PT Aneka Tambang, reports Bloomberg. This ambitious project aims to bolster Indonesia’s role in the global EV supply chain while advancing…
BMW is set to reintroduce range extender technology with the iX5 SUV, a model already in testing and slated for a potential 2026 release, according to a report by Auto News. This move marks a strategic pivot for the German automaker, which previously dismissed the technology’s future in 2019, and reflects growing demand for extended-range…
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