EX30, EX90 and the safety-first road to electric — Volvo’s EV transition, tracked.
Chinese billionaire Eric Li’s decision to privatize Zeekr, a New York-listed electric vehicle (EV) brand, marks a significant shift for the company just one year after its U.S. initial public offering (IPO). According to a Forbes report, parent company Geely Automobile will buy out Zeekr’s remaining shares for $2.2 billion, delisting the EV maker as…
Volvo Cars, a Swedish automaker renowned for its sleek electric vehicles (EVs), reported a staggering 11% drop in overall sales for April, with fully electric models like the ES90 taking a brutal 32% hit, according to a Reuters report. This decline, which saw sales fall to 58,881 vehicles compared to the previous year, signals turbulence…
Rivian, the electric vehicle (EV) innovator, is bracing for turbulence from President Trump’s new auto tariffs by stockpiling critical battery supplies, ensuring its production lines keep humming. According to a Bloomberg report, Rivian began amassing lithium-iron phosphate (LFP) battery cells from China’s Gotion High-Tech last year, a strategic move to shield its Commercial Van and…
In a bold push to electrify heavy-duty trucking, Tesla is hiring over 1,000 workers at its Nevada Gigafactory to kickstart mass production of its long-awaited Semi truck by late 2025, Business Insider reports. This hiring surge signals Tesla’s determination to deliver on a vision first unveiled in 2017, promising a cleaner, high-performance alternative to diesel…
In a bold move to sidestep punitive tariffs and meet surging European demand, Volvo has launched production of its compact EX30 electric SUV at its Ghent, Belgium factory, a strategic shift from its sole manufacturing hub in Zhangjiakou, China. Announced by Volvo, this €200 million ($213 million) investment fortifies the brand’s foothold in Europe, where…
Genesis, Hyundai Motor Group’s luxury brand, is poised to unveil its flagship electric SUV, the GV90, at the 2025 New York International Auto Show, starting April 18. Previewed by the striking Neolun concept, the GV90 promises to blend minimalist Korean design with cutting-edge technology, positioning it as a formidable contender in the premium electric vehicle…
Mini has indefinitely postponed its plans to bring new electric vehicles to the North American market, dealing a setback to the brand’s electrification strategy in one of the world’s largest EV markets. The decision affects both the electric Cooper and Aceman models, which were unveiled last year as key pillars of Mini’s electric future, reports…
In a dramatic shift from traditional industry-regulator dynamics, America’s largest automakers are quietly strategizing to preserve Biden’s EV mandates despite Trump’s promises to eliminate them, according to a New York Times report. The High-Stakes EV Transition The auto industry finds itself in an unprecedented position – defending regulations they once resisted. Ford, GM, and Stellantis…
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