NIO

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Jul 1

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XPeng

XPeng Forecasts Weak Q4 Revenue Despite Record Deliveries As China’s EV Price War Claims Another Victim

Chinese electric vehicle maker XPeng issued a disappointing fourth-quarter revenue forecast on Monday, signaling that even record-breaking delivery numbers can’t shield automakers from China’s relentless EV price war that continues eroding profitability across the sector. The Guangzhou-based automaker projects Q4 revenue between 21.5 billion yuan ($3.03 billion) and 23 billion yuan, falling well s

Haye KestelooNov 17

BYD

BYD to Double European Dealers to 2,000 by 2026, Confirms Multi-Factory ‘Localization’ Strategy

Chinese automaker BYD is aggressively accelerating its European expansion, confirming plans to double its sales network to 2,000 locations by the end of 2026. The move is part of a broad “localization” strategy to build vehicles inside Europe, effectively neutralizing the threat of EU import tariffs according to a report from Reuters. This news confirms…

Haye KestelooNov 17

Hyundai

South Korea Boosts EV Subsidies 20% To Counter Trump Tariffs As Hyundai-Kia Struggle

South Korea announced Friday it will increase electric vehicle subsidies by 20% in 2026 as part of a broader support package designed to help the country’s automakers survive the Trump administration’s punishing tariffs. The move signals Seoul’s willingness to fight protectionism with government intervention—a strategy that’s becoming standard playbook as the global trade war reshapes…

Haye KestelooNov 14

F-150 Lightning

America’s $28 Billion Battery Belt Collapses Into Ghost Towns As EV Demand Craters Post-Subsidy

The Detroit News reports that two years after promising an electric vehicle manufacturing revolution, America’s Battery Belt has collapsed into a landscape of stalled construction sites, mass layoffs, and desperate pivots to non-EV products. Despite $28 billion in taxpayer subsidies, the grand vision of Midwest EV dominance is crumbling just six weeks after federal tax…

Haye KestelooNov 13

China

China’s EV “Miracle” Exposed: Fake Sales, Zero-Mile Used Cars Reveal $230 Billion Subsidy Disaster

Chinese automakers are gaming their sales numbers by registering unsold electric vehicles to dealerships, who then dump them as discounted “used” cars that have never been driven. The practice has become so widespread that China’s Communist Party is now trying to stop it, revealing the deep structural rot in the world’s largest EV market built…

Haye KestelooNov 12

Tesla

Tesla’s Giga Shanghai Hits 5 Million Battery Pack Milestone As China Sales Crater To 3-Year Low

Tesla’s Shanghai Gigafactory reached a significant manufacturing milestone on November 12, 2025, producing its 5 millionth battery pack since operations began in late 2019. The achievement highlights the factory’s role as Tesla’s highest-volume manufacturing complex, yet it arrives amid the company’s worst domestic sales performance in China in three years. The milestone celebration at Giga…

Haye KestelooNov 12

Volkswagen

Volkswagen ID. Unyx 08 Abandons German DNA For Chinese EV Tech In Desperate Market Gambit

Volkswagen has unveiled the ID. Unyx 08, a China-exclusive electric SUV that looks nothing like a traditional Volkswagen—and that’s exactly the point. The five-meter electric SUV, co-developed with Chinese EV maker Xpeng, represents the German automaker’s acknowledgment that it can’t beat Chinese competitors at their own game, so it’s joining them instead. The production version…

Haye KestelooNov 12

Tesla

Tesla Bets Big On Energy Storage With $200M Houston Megafactory As EV Business Stumbles

Tesla is ramping up hiring for its $200 million Megapack battery factory in Brookshire, Texas, just outside Houston, with 41 positions currently posted and a job fair scheduled for the week of November 10, 2025. The facility represents Tesla’s aggressive push into utility-scale energy storage at a time when its automotive division faces mounting challenges…

Haye KestelooNov 11

NIO

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