BMW is not letting volatile market conditions deter its aggressive electric vehicle expansion plans. The company revealed strong first-quarter financials and outlined its commitment to investing in a zero-emissions future with new models and increased production capacity. While the automotive industry remains challenged by economic uncertainties, BMW is doing well. Compared to the first three months of 2023, the company’s… Read more…
Category: ArenaEV
Fisker’s Austrian arm files for reorganization following production stop
A few days ago Fisker’s production partner for the Ocean EV, Magna Steyr, announced that it stopped building the vehicles for the struggling company. And today, Fisker’s Austrian arm, which oversaw the managing of the contract manufacturing performed by Magna Steyr in Austria, has filed for reorganization and court protection from creditors. This is roughly equivalent to filing for Chapter… Read more…
Geely unveils the new Galaxy E5 compact electric SUV
Geely has unveiled its latest offering, the compact Galaxy E5 SUV. Set to challenge the likes of VW ID.4 and Tesla Model Y, the E5 boasts competitive pricing that could make it a major EV contender, at least in China. The Galaxy E5 boasts sharp styling with narrow headlights and a closed-off grille. The SUV’s measures (4615 mm long, 1901… Read more…
GAC joins Nio in battery swap tech development
Chinese auto giants Nio and GAC Group have announced a new partnership centered on battery-swap technology. The deal represents a significant expansion of Nio’s battery swap network, opening it to one of China’s largest automakers and potentially reshaping the electric vehicle market. Unlike the traditional model of charging an EV’s onboard battery, battery swapping allows drivers to exchange a depleted… Read more…
Lucid to go mainstream with $48,000 midsize electric crossover
Lucid, the luxury electric vehicle maker known for its high-performance Air sedan, has its sights set on the heart of the EV market. CEO Peter Rawlinson confirmed a target price of around €44,700 for the company’s upcoming midsize crossover SUV, a bold move that pits it against Tesla’s wildly popular Model Y. Rawlinson revealed that despite initial estimates closer to… Read more…
Lucid Motors kept bleeding money in Q1 2024
Lucid Motors published its financial report for the first quarter of this year and there seem to be some good news, but more bad ones. The good news is that the company sold 39% more Airs compared to Q1 of 2023. However it still reported a $598 million financial loss for the quarter. There’s much-needed context to the increased sales,… Read more…
Affordable Kia EV3 launches on May 23
Kia’s upcoming EV3, a fully electric crossover is set to debut on May 23. With an estimated starting price of €29,800 in the US, it could become one of the most budget-friendly electric crossovers on the market. Kia EV3 teaser image This latest contender joins Kia’s growing EV lineup, confirming the brand’s continued commitment to electric vehicles. The production-ready EV3… Read more…
The $11,990 Eli Zero microcar is now available to reserve in the US
The Zero microcar from new brand Eli has reportedly been quite successful across the world, and now it’s launching in the US. It’s not available yet, but you can reserve one for a fully refundable $200. Its MSRP is $11,990, and reserving one will secure your place in line to get it early, since there will apparently be limited availability.… Read more…
BMW releases M Performance parts for the i5 Touring
The new BMW i5 Touring is wagon now offers the option of adding BMW M Performance Parts, taking its driving dynamics, style, and efficiency to even greater heights. The BMW M Performance Parts are designed specifically for the i5 mode promise aerodynamic and aesthetic improvements. With offerings for the interior, exterior, and even suspension, BMW enthusiasts can fine-tune their new… Read more…
Apple’s electric car ambitions tipped to live on through Rivian partnership
Rumors are swirling that a partnership between Apple and electric vehicle maker Rivian could be on the horizon. While Apple’s own EV project, known as Project Titan, was shelved earlier this year, supply chain sources are hinting at a potential collaboration with the plucky EV startup. Apple has a vast treasure trove of technology developed for its EV project, with… Read more…
Huawei, CATL and Changan target Tesla Model Y with the sleek new Avatr 15
Chinese carmaker Avatr, a collaborative effort between Changan, Huawei, and CATL, is taking direct aim at Tesla’s dominance in the electric SUV market. The company is set to launch the all-new Avatr 15 sometime in the latter half of 2024, a stylish and technologically advanced offering designed to lure SUV enthusiasts away from Tesla’s popular Model Y. The 15 will… Read more…
Spy shots reveal interior of BYD-backed Denza Z9 GT
Denza, the electric vehicle brand with ties to both Mercedes-Benz and Chinese powerhouse BYD, is getting ready to shake up the premium EV segment with its upcoming flagship EV, the Z9 GT. With a potent tri-motor setup, a spacious, tech-filled interior, and a sleek profile, the Z9 GT wants to redefine what an electric performance wagon can be. Spy photos… Read more…
Fisker in deep water as production of Ocean EV scrapped by partner
The outlook for the Fisker Ocean electric SUV is looking grim as contract manufacturer Magna International hits pause on building more of the vehicles. While enthusiasts of Fisker hoped the Ocean would be a rising star in the competitive EV market, the startup company is battling financial headwinds and the possibility of sinking altogether. Magna International, an experienced global auto… Read more…
Tesla unlocks extra miles for Model Y
Tesla has pulled a surprise play on its most affordable Model Y version. The automaker quietly discontinued its short-range, rear-wheel-drive model, replacing it with a longer-range RWD version. But there’s an intriguing twist: owners of recently built short-range Model Ys can actually unlock a significant boost in mileage – for an additional fee. It looks like Tesla has been sneakily… Read more…
BMW iX2 xDrive 30 real life range test
The BMW X2 is a sporty little SUV-soupe, which recently entered its second generation, getting bigger and better. The grown-up iX2 is the electric version of the regular X2 and while their style is polarizing they do share many luxury features with the bigger BMW models. The BMW iX2 has a distinct look, while also offering many practicalities to serve… Read more…
The Nissan Townstar Evalia wants to be your ultimate electric family wagon
Busy families and weekend adventurers – meet the Nissan Townstar Evalia. This all-electric workhorse transforms into a comfy seven-seater in a flash. No more wrestling with kids in cramped vehicles; this versatile van promises to revolutionize your daily drives and weekend getaways. The Townstar Evalia doesn’t just haul people– it hauls everything! Need to transport the soccer team and their… Read more…
Tesla’s new voice assistant and Amazon Music ready to hit the road
Recently uncovered code hints at the imminent arrival of Tesla’s own voice assistant and the long-awaited addition of Amazon Music streaming to the onboard entertainment system. Known for regularly adding features with over-the-air updates, Tesla is now building a native voice assistant into its vehicles. It aligns perfectly with CEO Elon Musk’s vision of a seamless, hands-free driving experience, allowing… Read more…
Rivian secures government incentives for Illinois expansion
Electric vehicle startup Rivian is ready to expand its Illinois operations after securing a massive €771 million incentive package from the state. The planned expansion means the company could accelerate the rollout of its highly anticipated R2 SUV. The news has sparked a surge in Rivian’s stock price, with investors excited about the automaker’s plans. Rivian’s Normal, Illinois facility, purchased… Read more…
Tesla is scaling back on gigacasting ambitions
Tesla has reportedly hit the brakes on its groundbreaking gigacasting manufacturing process. Originally intended to create the entire underbody of new Tesla models from a single piece, anonymous sources familiar with the matter suggest the company will instead be opting for a more incremental approach. This news comes amid broader company cutbacks and a strategic shift away from rapid EV… Read more…
Citroen Ami gets a new color, a new version, and a modular cargo kit for its fourth anniversary
2020 is probably a year most people wouldn’t like to remember, but for Citroen it was a pivotal moment – the time when it introduced the Ami. The now-four-year-old vehicle is celebrating its birthday by changing its color to a new Night Sepia hue, replacing the original blue one “giving it a warm, robust, and rewarding look”, Citroen says. This… Read more…