China’s NEV production reached 8.91 million units in 2023, up 34.15 percent year-on-year. Read more…
SK On sign lithium supply deal with ExxonMobil
The South Korean battery cell manufacturer SK On wants to procure lithium from the US mineral oil company ExxonMobil. A non-binding multi-year agreement has already been signed. Read more…
Zeekr to enter South Korea as part of its global expansion spree
Zeekr is likely planning to enter South Korea as part of its global expansion spree. Established in 2021, it is one of Chinese auto giant Geely’s several EV brands. Read more…
CATL completes test flight with an electric aircraft
Chinese battery manufacturer CATL is making progress in the development of electric aeroplanes, according to CEO Robin Zeng. The company has successfully completed a test flight with a four-tonne electric aircraft and is aiming for a range of up to 3,000 kilometres in the coming years. Read more…
Daimler Truck continues to electrify US logistics network
Daimler Truck North America (DTNA) continues electrifying its logistics network across the United States. Logistics partner Salem Carriers will use DTNA’s Freightliner eCascadia vehicles for daily inbound logistics routes in North Carolina. Read more…
China NEV retail at 534,000 in Jun 1-23, up 7% from same period last month
China’s NEV retail penetration was 49.12 percent for June 1-23, and 41.36 percent year-to-date. Read more…
Zeekr’s new electric SUV, the CX1E spotted testing in China
The Chinese electric vehicle manufacturer Zeekr is set to launch its sixth model later this year, a mid-size SUV codenamed CX1E. While the official name is still under wraps (rumors suggest it might be called the Zeekr Ark), spy shots reveal a promising contender in the electric SUV market. The CX1E shares its DNA with the Zeekr 007 sedan, borrowing… Read more…
Polestar 2 receives small design updates and more range
Polestar has unveiled the new model year of the Polestar 2. The 2025 Polestar 2 not only receives a series of design updates and more equipment options, but also more range for all variants. Read more…
PowerCo: VW battery production on schedule
Volkswagen’s battery subsidiary PowerCo is on schedule for series production of the unified cell. The first production block at the cell factory in Salzgitter, Germany, has been completed, and the systems for the production lines are being installed. It is becoming clear in which model the unified cell will debut. Read more…
Spy shots reveal interior of Nio Onvo L60
A report earlier this month said that the Onvo L60 will be officially launched on September 10. Read more…
Ehang delivers new batch of 27 EH216-S eVTOLs
Ehang delivered 26 units of EH216-S in the first quarter, bringing the eVTOL’s total deliveries to 263. Read more…
Volkswagen Group to invest $5 bn in Rivian for software and E/E architecture
Volkswagen Group and Rivian yesterday announced a plan to form a 50:50-owned joint venture (JV) to create class-leading software technology and next-gen electrical/electronic (E/E) architecture. The German conglomerate will invest up to $5 billion in the American startup as part of the deal. Read more…
Toyota to adopt local startup Momenta’s driver assistance solution in China
GAC Toyota and Momenta have jointly created a full-scenario smart driving solution, and the bZ3X will be the first to feature it. Read more…
Huawei-backed Aito says its premium SUV M9 exceeds 100,000 orders
The Aito M9 is available in EREV and BEV variants with a starting price of RMB 469,800 ($64,660), RMB 509,800 respectively. Read more…
What are these hidden vehicles in Rivian’s shareholder letter?
On top of Rivian’s big VW partnership news today, we also got a look at what some of Rivian’s future plans might include – including some vehicles that we haven’t heard anything about before. Read more…
Geely unit LEVC launches L380 electric MPV in China, prices start at $52,300
LEVC, the maker of London’s black cabs, is one of the brands owned by Geely in addition to Lotus, Zeekr, Volvo and Polestar. Read more…
Neta parent Hozon files for HK listing
Hozon has annual losses of RMB 4.8 billion, RMB 6.7 billion and RMB 6.9 billion for 2021-2023. Read more…
Rivian (RIVN) stock pops after new analyst sees ‘credible path’ for the EV maker to breakeven
After Rivian (RIVN) stock earned a big buy rating on Tuesday, shares traded up nearly 9% as investors look for the EV maker to break even. A new analyst sees at least 50% upside for Rivian’s stock price with a “credible path” to breakeven gross margins. Read more…
VW will invest up to $5B into Rivian to form joint venture for next-gen EVs
VW and Rivian have just announced that the two companies will form a joint venture, bringing Rivian’s software expertise to VW’s products and providing an initial $1 billion, and potentially up to an eventual $5 billion, in capital for Rivian to get through its push to deliver its upcoming R2 vehicle. Read more…
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