Every EVXL story tagged “Tesla” — newest first.
Chinese electric vehicle (EV) manufacturer NIO Inc. is making bold moves to achieve financial stability, announcing a significant reduction in research and development (R&D) spending as part of its strategy to reach break-even by the fourth quarter of 2025. The company revealed this plan during its latest earnings call, aiming to cut R&D expenses by…
As electric vehicle (EV) adoption faces hurdles like range anxiety and charging infrastructure gaps, automakers are turning to extended-range electric vehicles (EREVs) to bridge the gap. A recent NBC News report highlights how EREVs, a type of plug-in hybrid, offer a practical solution by combining electric propulsion with a small gas engine, delivering impressive ranges…
Ford Executive Chair Bill Ford has raised concerns over a new GOP tax bill that could eliminate critical tax credits for electric vehicle (EV) battery production, potentially derailing a $3 billion investment in a Marshall, Michigan, factory. Speaking at a policy conference, Ford highlighted the risk to the plant, which is 60% complete and set…
Hyundai Motor Co. is set to raise the price of all its US vehicles, including electric models, by 1% as early as next week, a move aimed at cushioning the impact of tariffs imposed by President Donald Trump. The South Korean automaker’s decision, reported by Bloomberg, comes as the industry braces for increased costs, potentially…
General Motors (GM) is channeling a hefty $888 million into its Tonawanda propulsion plant in Buffalo, New York, to boost production of the next-generation V8 engine, signaling a strategic recalibration in its electric vehicle (EV) ambitions. Announced on May 28, 2025, this investment highlights the automaker’s response to slower-than-expected EV demand while maintaining its foothold…
On May 28, 2025, Brazilian prosecutors filed a lawsuit against Chinese electric vehicle (EV) giant BYD and two of its contractors, alleging the use of slave-like labor conditions and international human trafficking at a factory construction site in Camaçari, Brazil. The case, which seeks damages of 257 million Brazilian reais—approximately $50 million USD—highlights serious labor…
China’s commerce ministry is cracking down on a growing trend in the electric vehicle (EV) market: the sale of “zero-mileage” used cars—vehicles registered and plated but never driven. This practice, highlighted by Great Wall Motor’s Chairman Wei Jianjun, has sparked a regulatory response as automakers like BYD and Dongfeng Motor navigate intense competition and aggressive…
Volvo Cars announced on May 26, 2025, that it will cut 3,000 jobs globally, primarily targeting white-collar roles, as the automaker grapples with high costs, a slowdown in electric vehicle (EV) demand, and looming trade tariffs, reports Automotive News. The decision comes amid a challenging period for the automotive industry, with Volvo citing the need…
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