Every EVXL story tagged “Tesla” — newest first.
VinFast plans to construct a second manufacturing facility in Vietnam’s Ha Tinh province, aiming to double its production capacity to 300,000 units annually. The Vietnamese automaker announced the expansion as part of its strategy to meet international demand, particularly for its smaller VF 3 and VF 5 models, reports Reuters. The new plant, scheduled to…
BYD’s aggressive expansion strategy is paying off as the Chinese electric vehicle manufacturer prepares to announce November sales figures that will likely cement its position ahead of traditional automotive powerhouses Ford and Honda in global sales volume. The company’s remarkable growth trajectory has already seen it surpass Tesla in quarterly revenue, marking a significant shift…
General Motors faces a significant financial setback in China, announcing a $5.5 billion write-off as its joint venture struggles amid the country’s rapid transition to electric vehicles. This development marks a crucial turning point in the world’s largest automotive market and serves as a warning sign for traditional automakers, reports Barron’s. The Financial Impact The…
Recent patent filings reveal Jeep’s innovative vision for combining electric vehicle technology with drone integration, showcasing the company’s forward-thinking approach to off-road capabilities and security features. The Stellantis-owned brand is exploring multiple applications that could revolutionize how drivers interact with their vehicles in challenging environments, reports Motor Authority.
BMW’s taking a major step forward in its EV journey, starting pre-production of its first Neue Klasse electric vehicles at their brand-new plant in Debrecen, Hungary, according to Motor Authority. New iX3 Leading the Charge The first Neue Klasse vehicle hitting the production line will be a compact crossover, likely to be badged as the…
Premium EV maker Nio reported disappointing third-quarter results as intense price competition in China’s electric vehicle market continues to squeeze margins and impact sales targets, reports Bloomberg. Revenue Growth Overshadowed by Losses The Chinese automaker posted revenue of 18.7 billion yuan ($2.6 billion) in Q3 2023 after delivering 61,855 vehicles, falling short of analyst expectations.…
General Motors is rolling out a sweet deal for Chevy EV owners in Texas, partnering with Reliant Energy to provide complimentary overnight charging. The program offers free charging between 11 PM and 6 AM through monthly bill credits, according to a report from The Verge. How the Program Works To get the free charging, Chevy…
Breaking New Ground in EV Tech Collaboration In a major strategic move that’s reshaping the EV landscape, Volkswagen and Rivian have announced an ambitious joint venture focused on developing advanced software and electronics for electric vehicles. The partnership, which significantly expands on their June agreement, involves a $5.8 billion investment from Volkswagen for a 50%…
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