An Abu Dhabi-based investment firm has entered a non-binding agreement to buy 100% of McLaren’s automotive business, including a stake in the McLaren Group. The purchase goal is to bring additional capital to McLaren to accelerate its growth in vehicle development, particularly in electric vehicle technologies. If approved, could McLaren become the next supercar developer to go all-electric. Read more…
BYD just had a record-breaking third quarter as EV sales continued surging
With some of the most affordable EVs on the market, BYD’s sales are surging. With record-breaking vehicle sales in Q3, BYD outpaced Tesla for the first time in quarterly revenue. Read more…
Audi adds cheaper A6 e-tron models to the lineup
Audi is expanding its electric vehicle lineup with the introduction of more affordable versions of its A6 e-tron. These new models come in both rear-wheel drive and quattro all-wheel drive configurations, giving more choice for those interested in the sleek A6 e-tron. Previously, the A6 e-tron was available in the performance rear-wheel drive variant and a sporty S6 e-tron with… Read more…
VW insists on tough cost-cutting measures for Q3
Volkswagen’s profits plummeted by 64 per cent in the third quarter and the core brand is barely profitable. Against this backdrop, VW and IG Metall have started the next round of negotiations on the company’s collective labour agreement. However, VW CFO Arno Antlitz insists on billions in savings. Read more…
MIT & TU Darmstadt research into early detection of battery faults
Scientists at TU Darmstadt and the Massachusetts Institute of Technology (MIT) have reported progress in the early detection of faults in battery systems. To this end, they have developed an approach that combines simple physical models and machine learning. Read more…
Polestar and Volvo EVs unlock access to Tesla’s charging apparatus
As electrification of the North American transport system marches on, Polestar and Volvo cars now have access to Tesla’s Superchargers with Volvo unlocking 17,800 Tesla Supercharger stations in the U.S. and Canada. Read more…
Stockholm welcomes the world’s first electric-powered hydrofoil ferry
The Candela P-12 boasts the world’s first hydrofoil ferry as it promises to eliminate emissions from Stockholm’s public transport, cutting commute time by half. Read more…
BYD hires Stellantis manager Davino
Former Stellantis manager Maria Grazia Davino will take over the role of Regional Managing Director for Germany, Switzerland, Poland, Austria and the Czech Republic at BYD with effect from December 1, 2024. Davino was most recently UK Head of Stellantis. Read more…
U.S EV And PHEV Buyers Prefer Small SUVs: Midsize Electric Cars Popular Too
The small SUV category had the highest sales but standard size EV and PHEV SUVs sold well, too. Read more…
Climate United commences battery electric truck lease programme
The new initiative from Climate United will utilize $250 million to set up a battery-electric truck leasing programme for small fleets and independent operators. It will kick off at the Ports of Long Beach and Los Angeles with the intention to expand nationally. Read more…
Hyundai Ioniq 9 3-row EV SUV teased, debuts in Nov
Hyundai on Wednesday released the first teaser for the Ioniq 9, a three-row electric SUV the automaker will unveil in November. Judging by the teaser images, the Ioniq 9 will have the upright profile of a traditional SUV, albeit with a raked-back roofline that’s likely a concession to aerodynamics. It will be based on the same E-GMP dedicated EV… Read more…
China asks automakers to pause investment in EU countries that support EV tariffs, report says
Chinese automakers, including BYD, SAIC and Geely, were told at a meeting on October 10 that they should suspend plans for heavy-asset investments such as setting up factories in countries that support the EV tariffs, according to Reuters. Read more…
Fraunhofer looks into economic potential of bidirectional charging
The widespread introduction of bidirectional electric car chargers could reduce annual energy system costs in the EU by 8.6 per cent by 2040. This is the result of a Fraunhofer study commissioned by Transport & Environment. Read more…
‘Volkswagen Is Not Earning The Money It Needs’
Volkswagen and Audi both have grim news for Q3, but the EU is fighting back hard against imports from China. Read more…
China NEV retail at 946,000 in Oct 1-27, down 1% from same period last month
China’s retail penetration of NEVs was 52.2 percent in October 1-27, and 46.46 percent year-to-date. Read more…
Geely unveils new hybrid system EM-i to take on BYD’s DM-i
Geely has unveiled the more fuel-economy-oriented Leishen EM-i hybrid system, following the previous launch of the more performance-oriented Leishen EM-p. Read more…
Battery chemicals manufacturer Terrafame announces job cuts
The Finnish company Terrafame, which specialises in the production of chemicals for electric car batteries, plans to reduce the number of jobs in view of the slump in demand for electric cars. Read more…
Here’s what to know about Europe’s new vote on Chinese tariffs
It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its auto industry from total demise. Question is, will it even matter to a powerhouse like BYD. Read more…
Volkswagen to shut EV factory in Brussels
Days after Volkswagen announced it was closing three factories in Germany – a first for the company – the carmaker will now officially close its Audi plant in Brussels where it makes the Audi Q8 E-Tron in a few months. Read more…
The Hyundai Ioniq 9 Should Look Like That Wild Concept
The model previously known as the Ioniq 7 will be fully revealed in November. Read more…
