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China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
BYD

Apple’s Secret EV Battery Project with BYD Revealed

Apple Inc. secretly collaborated with Chinese automaker BYD Co. on developing long-range EV batteries as part of its now-canceled car project, according to a recent Bloomberg report. This partnership, which began around 2017, aimed to create advanced battery systems using lithium iron phosphate (LFP) cells. The Apple-BYD Battery Collaboration The joint effort focused on developing…

Lamborghini’s Electric Future: Hybrids Now, EVs Coming Later
Lamborghini

Lamborghini’s Electric Future: Hybrids Now, EVs Coming Later

Lamborghini’s Cautious Approach to Electrification Five years ago, Lamborghini made a bold decision to hybridize its entire lineup, but it didn’t jump headfirst into full electrification like many expected. Instead, it placed its bets on hybrid technology, while competitors rushed to release pure EVs. Today, with the pressure for automakers to electrify easing up, it…

Caterham Teams Up with Yamaha for Electric Sports Car Project
Tesla

Caterham Teams Up with Yamaha for Electric Sports Car Project

Caterham’s pushing forward with its electric sports car plans, tapping Yamaha for some serious EV know-how. The Collaboration The British sports car maker announced it’s partnering with Yamaha to develop its Project V electric sports car. Yamaha’s not just providing the powertrain – they’re also bringing their “vehicle motion control” tech to the table. Tokyo…

Porsche Macan EV Charges Ahead with Impressive EPA Range and Cutting-Edge Tech
Elon Musk

EV Sales Hold Steady as Overall Auto Market Slows

Battery-electric vehicles (BEVs) are maintaining their foothold in the US auto market, defying a broader slowdown in new vehicle sales. According to estimates from S&P Global Mobility, BEVs claimed 8% of new vehicle sales in June and July, with September expected to surpass that benchmark. This resilience comes at a time when the overall auto…

Mercedes-Benz Shares Tumble After Profit Warning Due to Weak China Demand
Mercedes-Benz

Mercedes-Benz Shares Tumble After Profit Warning Due to Weak China Demand

Mercedes-Benz, the German luxury automaker, has seen a significant drop in its share price following a profit warning issued on September 20, 2024. The company cited weakening demand in China as the primary reason for the downgrade, which has had ripple effects across the European automotive sector, reports CNBC. Profit Warning Details Mercedes-Benz announced a…

Mercedes-Benz Exits China's EV Venture as Luxury Market Cools
Mercedes-Benz

Mercedes-Benz Exits China’s EV Venture as Luxury Market Cools

Mercedes-Benz is pulling out of China’s electric vehicle market, selling its remaining stake in premium EV maker Denza. This move comes as luxury spending in the world’s largest auto market takes a hit, according to a recent report from The Wall Street Journal. Unwinding a Decade-Long Partnership The German automaker has decided to unwind its…

Elon Musk

Tesla’s Supercharger Expansion Hits Speed Bump After Layoffs

Tesla’s once-rapid Supercharger network expansion has hit a snag following recent workforce reductions, according to a detailed report from The Wall Street Journal. This slowdown comes at a crucial time for the electric vehicle pioneer as it faces increasing competition and pressure to open its charging network to other automakers. The Numbers Behind the Slowdown…

Ford's Turbulent Times: Shares Dip Amid EV Struggles and Labor Uncertainty
Ford

Ford CEO Sounds Alarm on Chinese EV Threat

Ford CEO’s China Trip Sparks Major EV Strategy Shift Jim Farley, Ford’s chief exec, is sounding the alarm after a recent China visit left him shaken by the country’s EV prowess. The Wall Street Journal reports that this wake-up call is driving significant changes in Ford’s approach to electric vehicles. The China Shock During his…

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