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Chinese automaker BYD is set to triple its electric bus and truck production in Europe with a new $94 million facility in Komarom, Hungary, a move that strengthens Hungary’s position as a hub for Chinese electric vehicle (EV) investment. Announced on June 27, 2025, by Hungarian Foreign Minister Peter Szijjarto, the plant will increase BYD’s…
Redwood Materials, a leader in electric vehicle (EV) battery recycling, is giving retired EV batteries a second life by converting them into cost-effective microgrids, the company announced on Thursday. By repurposing still-functional batteries, Redwood’s new division, Redwood Energy, is creating modular energy storage systems that address critical energy grid gaps at a fraction of the…
Xiaomi Corp.’s stock soared 8% to an all-time high after its $35,360 YU7 electric SUV, unveiled on June 26, 2025, drew an impressive 289,000 pre-orders in just one hour, signaling strong demand in China’s competitive EV market. Priced at 253,500 yuan, the YU7 undercuts Tesla’s Model Y by about $1,400, positioning Xiaomi as a formidable…
The dream of fully autonomous cars continues to stall, leaving electric vehicle (EV) enthusiasts and industry watchers intrigued yet cautious. Despite early optimism following the US military’s Darpa challenge two decades ago, progress toward Level 5 self-driving cars—capable of driving anywhere in all conditions—has hit significant hurdles. A Bloomberg chart projecting automation levels through 2
In May 2025, Tesla’s European sales plummeted for the fifth consecutive month, with only 8,729 vehicles sold across the European Union—a 40.5% decline from the 14,682 units sold in May 2024, according to data from the European Automobile Manufacturers Association. As demand for electric vehicles (EVs) grows, Tesla’s struggles highlight shifting consumer preferences toward affordable…
Tesla’s robotaxi trials in Austin, Texas, have hit roadblocks, with videos from riders revealing multiple driving errors just days into the public test. The incidents, reported by Reuters, highlight challenges in Tesla’s self-driving software as the company pushes toward autonomous vehicle dominance. Early Trials, Early Troubles On the first day of testing, Tesla’s robotaxis—standard Model…
On Tuesday, June 23, 2025, Cadillac delivered its first Celestiq, a hand-built electric sedan that signals a bold step into the ultra-luxury EV market. Priced from $340,000, the Celestiq was handed over at General Motors’ Global Technical Center in Warren, Michigan, showcasing Cadillac’s ambition to rival European giants like Rolls-Royce and Bentley with American craftsmanship…
A dramatic incident unfolded in the Pacific Ocean late Monday when the Morning Midas, a car carrier transporting electric vehicles (EVs), sank after a fire raged on its deck for weeks. The 600-foot-long vessel, which had been adrift since June 3, succumbed to heavy weather and sank approximately 400 miles off the Alaska coast. This…
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