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A new Electric Vehicle Intelligence Report (EVIR) reveals shifting consumer perceptions in the U.S. electric vehicle (EV) market, with Honda, Chevrolet, and Ford gaining ground as Tesla’s brand reputation weakens. Based on a survey of over 8,000 U.S. consumers, the report highlights practical concerns like range and charging infrastructure driving EV purchase decisions, while Tesla…
Tesla has set a new benchmark in electric vehicle (EV) production, completing the ramp-up of its updated Model Y at Giga Shanghai in just six weeks, the fastest in the company’s history. Announced through a post on Weibo, this milestone underscores Tesla’s growing expertise in scaling EV manufacturing, offering insights into the future of efficient…
Chinese electric vehicle giant BYD and metals group Tsingshan have scrapped their plans to build lithium cathode plants in Chile, a move that could ripple through the electric vehicle (EV) battery supply chain, according to Chile’s economic development agency Corfo. Announced on May 7, 2025, the decision highlights the challenges of securing stable lithium supplies…
Jeep has launched its new Compass EV, an electric SUV designed to challenge the Tesla Model Y with lower prices and superior off-road capability. Set to arrive by the end of 2025, this electric vehicle (EV) combines Jeep’s rugged heritage with modern electric performance, offering a range of up to 404 miles and fast-charging capabilities,…
In a significant milestone for the electric vehicle (EV) industry, EVs now account for roughly one in every 30 used car sales in the UK, according to recent data from the Society of Motor Manufacturers and Traders (SMMT). This growth, observed in the first quarter of 2025, reflects a growing acceptance of EVs among second-hand…
On May 9, 2025, Wolfspeed (WOLF.N), a key player in the electric vehicle (EV) supply chain, saw its shares drop 23% after the company raised concerns about its financial stability and slashed its annual revenue forecast. The chipmaker, known for producing silicon carbide (SiC) wafers critical for EV power electronics, is grappling with sluggish demand…
The UK government has finalized a £1 billion (approximately $1.27 billion) funding deal to construct a new electric vehicle (EV) battery gigafactory in Sunderland, a move set to create 1,000 jobs and produce batteries for up to 100,000 EVs annually. Announced by Chancellor Rachel Reeves during a visit to AESC’s facilities on May 9, 2025,…
Nissan Motor Co. has halted its $1.1 billion plan to construct an electric vehicle (EV) battery plant in Kitakyushu, Japan, as the company shifts focus to financial recovery amid a projected record net loss. Announced on May 9, 2025, this decision underscores Nissan’s broader restructuring strategy under new CEO Ivan Espinosa, impacting its EV production…
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