Fast-charging network operator Allego is being delisted from the New York Stock Exchange, its French owner Meridiam has announced. The delisting process has now begun. Allego also announced that it has secured a 20 million euro loan. Read more…
Saudi Arabian investor joins Benteler autonomous shuttle subsidiary Holon
Benteler has received the necessary approvals for Saudi Arabian investor Tasaru Mobility Investments to invest in its subsidiary Holon. The deal means millions in funding for the German company to expand its business with autonomous electric shuttles. Read more…
UK: Gridserve opens EV charging test lab
UK charge point operator Gridserve has opened a test lab for EV chargers at its Innovation and Operations Centre in Swindon. The goal is to improve its network’s reliability. Read more…
EU battery regulation: dispute over calculation of the CO2 footprint of car batteries
The EU Commission wants to amend the Battery Regulation in 2027 so that the CO2 footprint of traction batteries is not calculated based on the actual electricity used, but on the national electricity mix. Germany’s automotive industry is up in arms against this. Read more…
Huawei, BAIC joint brand Stelato launches S9 to target premium electric sedan market
The Stelato S9 starts at RMB 399,800 ($55,910), has a CLTC range of up to 816 km, and comes with Huawei’s latest ADS 3.0 driver assistance system. Read more…
BYD’s upcoming MPV in the Dynasty series pictured
BYD is working on an MPV for its Dynasty series and it’s already being tested on roads in China. The photos below are of the model, shared on the “Di Fans Home” official WeChat account. The model could be called the BYD Zhou in homage to the Zhou Dynasty and is expected to be unveiled in Baoji, the dynasty’s birthplace.… Read more…
ION Storage Systems announces battery research breakthrough
The US solid-state battery developer ION Storage Systems says it has reached an important milestone on the road to commercialisation by achieving 800 cycles with its “anode-less” cells. Read more…
The EV1 Was GM’s First Modern EV. This Retro Review Shows How Far We’ve Come
You can always count on MotorWeek to turn the nostalgia level up to 11. Read more…
China EV battery prices fall slightly in Jul as material costs continue to decline, says TrendForce
Demand for power batteries in China was steady overall in July, but battery material costs continued to fall, resulting in a slight downward trend in battery cell prices, TrendForce said. Read more…
Xpeng Aeroht raises $150 mn in capital
Xpeng Aeroht, the flying car business of the Chinese EV manufacturer Xpeng, has raised 150 million dollars in its Series B1 funding round. The money will be used to advance the company’s production plans. Read more…
Geely starts selling the Galaxy E5 in China
Geely has opened the order books for the Galaxy E5 in China. The compact SUV starts at 112,800 yuan or 14,447 euros. More technical details are now also available. Read more…
EVs May Get Cheaper Than Gas Cars As Early As Next Year. Here’s Why
With plummeting battery costs and rapidly advancing technology, electric cars will soon reach a breakeven point with ICE cars. Read more…
Jaguar ups planned spending as it continues to invest in combustion engines
JLR (Jaguar Land Rover) will invest £18 billion in its electric future over the next five years, £3 billion more than it initially announced in April 2023. That is mainly because the carmaker wants to keep producing models with combustion engines. Read more…
China EV insurance registrations for week ending Aug 4: Nio 5,800, Tesla 12,500, Xiaomi 3,800, BYD 80,200
Li Auto had that figure at 11,800 last week, Xpeng at 2,200 and Zeekr at 4,100. Read more…
Lucid secures funding until the end of 2025
Lucid Motors has received $1.5 billion from Saudi Arabia’s Public Investment Fund (PIF). That means the carmaker now has sufficient funds until the fourth quarter of 2025. This comes as Lucid announced rather positive financial results for the second quarter of this year. Read more…
Zeekr to report Q2 2024 earnings on Aug 21
Zeekr delivered a record 54,811 vehicles in the second quarter, an increase of 100.05 percent year-on-year and up 65.80 percent from the first quarter. Read more…
The 2024 Ram ProMaster EV Aims Right At Rivian
On paper, Stellantis’s EV van matches or bests Rivian’s electric delivery van. But is it any better in the real world? Read more…
BYD to launch 2 new models in Seal lineup on Aug 8
BYD will launch the 2025 Seal EV and the new Seal 07 DM-i on August 8. The former will be the first sedan based on the e-Platform 3.0 Evo platform, while the latter will be equipped with DM 5.0 hybrid technology. Read more…
Porsche Macan EV spotted on US streets ahead of deliveries [Video]
The all-electric Porsche Macan is almost here. Ahead of deliveries later this year, the Porsche Macan EV was spotted in the US rolling down palm tree-filled streets. Check out the video below. Read more…
Tesla is testing Supercharging at over 300 kW
Tesla is currently testing the potential for its current Supercharging V4 (with V3 cabinets) to charge at over 300 k. Read more…
