Cargo Ship Sinking Sparks $560M Loss for EV Industry
On June 3, 2025, the Morning Midas caught fire and sank 20 days later, costing the EV industry an estimated $560 million. The ship carried 750 EVs
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On June 3, 2025, the Morning Midas caught fire and sank 20 days later, costing the EV industry an estimated $560 million. The ship carried 750 EVs
On June 29, 2025, Vietnamese electric vehicle (EV) manufacturer VinFast began production at its new Ha Tinh factory, a strategic move to scale up output of affordable mini urban models amid global expansion challenges. The facility, spanning 90 acres, aims to produce 200,000 vehicles annually, complementing the company’s flagship Haiphong plant, which targets 950,000 units…
BMW is gearing up to rival the Tesla Model 3 with its next-generation i3, a sleek sedan built on the innovative Neue Klasse platform, slated for a 2027 launch. According to recent reports, the i3 will offer an impressive range of up to 560 miles and a performance-focused M60 xDrive trim boasting 630 horsepower, positioning…
On Sunday, China’s Contemporary Amperex Technology Co. Ltd. (CATL), the world’s leading electric vehicle (EV) battery manufacturer, broke ground on a $6 billion battery material ecosystem in Indonesia, partnering with Indonesia Battery Corp. and PT Aneka Tambang, reports Bloomberg. This ambitious project aims to bolster Indonesia’s role in the global EV supply chain while advancing…
BMW is set to reintroduce range extender technology with the iX5 SUV, a model already in testing and slated for a potential 2026 release, according to a report by Auto News. This move marks a strategic pivot for the German automaker, which previously dismissed the technology’s future in 2019, and reflects growing demand for extended-range…
Tesla has officially rolled out its long-awaited robotaxi service in Austin, Texas, marking a significant milestone for electric vehicle (EV) enthusiasts and the autonomous driving industry. Launched on Sunday, June 22, 2025, this service introduces a select group of invitees to driverless rides in Tesla Model Y vehicles, equipped with an advanced version of the…
Lucid Motors is redefining electric vehicle (EV) production by using fewer parts and prioritizing domestic suppliers, a strategy that enhances efficiency and resilience, according to VP of Engineering James Hawkins. Speaking at AutoTech 2025, Hawkins outlined how this approach delivers high-performance EVs while addressing supply chain challenges in a volatile global market, according to Automotiv
Nissan is making a bold move to recapture its electric vehicle (EV) crown with the launch of the third-generation Leaf, unveiled on Tuesday, June 17, 2025. This revamped model, showcased at the Tokyo Motor Show, aims to revive the company’s EV dominance after slipping from a mass-market pioneer to a laggard since the original Leaf…
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