High Prices and Lack of Charging Stations Remain Major Obstacles A new poll by The Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute at the University of Chicago reveals that many Americans are still reluctant to…
In a groundbreaking move, Volvo Cars is set to introduce the world’s first electric vehicle (EV) battery passport for its flagship EX90 SUV, which is about to enter production. The Swedish automaker, owned by China’s Geely, developed the passport in…
China’s electric vehicle (EV) market continues to thrive, with manufacturers reporting strong sales growth in May, despite a general decline in consumer spending. This growth is driven by price cuts and new model launches, leading companies like BYD, Nio, and…
Tesla is sending executive Tom Zhu back to China amid slumping sales and increased competition in the world’s largest electric vehicle market. Zhu, who was promoted to senior vice president of automotive in April 2023, previously led Tesla’s entry into…
Canadian lawmakers are facing mounting pressure from auto manufacturers, steel producers, and union officials to significantly increase tariffs on Chinese imports, reports Bloomberg. The push comes after US President Joe Biden announced substantial tariff hikes on Chinese goods, including a…
NIO is making headlines with its projected record-high vehicle deliveries in May. The Chinese electric-vehicle (EV) maker’s shares surged by 10% in Hong Kong, reaching 42.10 Hong Kong dollars (US$5.38), reflecting strong investor confidence, according to the WSJ. Record-Breaking Deliveries…
Jeep has unveiled its first electric model for the US, the Wagoneer S, a premium SUV with an estimated 300 miles of range. The Launch Edition, the only trim announced so far, starts at $71,995 and goes on sale this…
Sales of used Tesla Model Y cars are surging as their prices fall significantly. The trend reflects a broader shift in the electric vehicle (EV) market, where both new and used EV inventories are increasing, leading to lower prices and…
Major Job Cuts Hit Tesla in California Tesla has announced significant layoffs in California, cutting over 600 jobs across its manufacturing and engineering sectors. These job cuts are part of a broader reduction strategy the company has been implementing this…
Chinese electric vehicle (EV) manufacturer Nio has unveiled Onvo, a new, budget-friendly sub-brand set to challenge Tesla in the competitive EV market. The first car from this brand, the L60 SUV, is positioned to be a significant contender, offering a…
Chinese EV Maker Nio Challenges Luxury Car Segment with High-End ET9 Model In a bold move to redefine luxury electric vehicles (EVs), Chinese EV manufacturer Nio has revealed the ET9, its most expensive and technologically advanced executive sedan yet. The…
Nio’s Strategic Shift: Additional Job Cuts Loom Amid EV Market Challenges Electric vehicle manufacturer Nio Inc is poised to make deeper cuts into its workforce, indicating a significant shift in its business strategy. Following last month’s announcement of a 10%…
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