CATL saw second-quarter profit rebound from the first quarter, while gross margin remained flat. Read more…
ZF cuts up to 14,000 jobs – focus on electric drive division
The supplier ZF announced that it will gradually reduce the number of employees in Germany by 11,000 to 14,000 by 2028. The restructuring will mainly focus on the Electrified Powertrain Technologies division “due to strong competition, cost pressure and weak demand for electric vehicles.” Read more…
Study: Traditional brands’ EVs have passed Tesla in satisfaction
J.D. Power’s 2024 APEAL study shows non-Tesla EVs higher in satisfaction than Teslas Buyers of traditional brands’ EVs are more satisfied than buyers of gas or PHEV models Value-minded mainstream Tesla buyers are more critical than the brand’s fans Tesla appears to be having a much harder time charming EV buyers who are new to the brand, while… Read more…
Xiaomi EV completes capacity ramp-up, expects to reach 100,000 delivery target by early Nov
Capacity ramp-up at the Xiaomi EV plant has now been completed and the full-year delivery target of 100,000 units is expected to be completed by early November, Xiaomi’s CEO said. Read more…
CPCA expects China’s Jul NEV retail at 860,000, penetration to rise further to 49.7%
China’s passenger car retail sales fell in July from June, but the NEV market was bolstered by fast-growing sales of hybrid models, the CPCA said. Read more…
Daimler Truck: GenH2 truck enters customer trials
The fuel cell truck from Daimler Truck is entering the next phase on its way to series production. After lengthy internal test drives, the company has now handed over the first five pre-series vehicles to customers to test the GenH2 Truck in their daily logistics operations. Read more…
India to build nearly 6,000 fast-charging stations along highways
India’s Ministry of Heavy Industries (MHI) has set a target for 5,833 charging stations along Indian highways as part of the 7,432 public fast-charging outlets it announced in 2023. These will be build by three Oil Marketing Companies (OMCs). Read more…
Honda gears production in China more towards electric cars
Honda is closing a plant in China for the production of combustion vehicles and pausing production at another factory. Instead, the Japanese car manufacturer plans to open two new EV factories in China with its partners at the end of the year. Read more…
Xiaomi secures new land parcel in Beijing, possibly for EV plant phase 2
The current Xiaomi EV factory is a phase 1 project with an annual capacity of 150,000 units, and the second phase is also planned to have an annual capacity of 150,000 units. Read more…
2024 Tesla Model 3 Long Range review
Tesla’s smallest model to date – the Model 3, has been one of the best selling vehicles in the world ever since it first premiered in 2017. After six years of being a market favorite it was only logical for Elon Musk to present a successor that levels up the Model 3’s already fantastic reputation. This led to the unveiling… Read more…
Porsche begins road tests with electric Cayenne
The first camouflaged prototypes of the all-electric Cayenne have left the Porsche factory. The manufacturer provided corresponding images. However, Porsche also confirmed that the electric version will not be the only Cayenne on offer. Read more…
California Hydrogen Hub kicks off
California is launching a $12.6 billion ‘Hydrogen Hub’ – the first of seven in the US. It will be set up by the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) and is being supported by the US Department of Energy with $1.2 billion. The first tranche of funding of $30 million has been awarded. Read more…
Paris has the perfect solution for Olympic traffic, even if many people will hate it
In a perfectly Parisian solution to the expected influx of tourists for the Olympic games, and the resulting traffic, city officials have been hard at work. And the answer has proven to be getting half of those wheels off the road. Read more…
Honda to cut gas car capacity in China, 2 EV plants to start production within this year
Honda will reduce its gasoline vehicle production capacity in China by 290,000 units and expects two new EV plants to start production in September and November, respectively. Read more…
Amorim Cork Composites unveils fire-retardant battery material
Amorim Cork Composites has developed Amorim ETP700, a fire-retardant material with unique properties to meet the requirements of modern industrial applications, especially in the field of battery protection. Read more…
Neta launches Neta X SUV in Malaysia and Thailand
Neta has started production at its plant in Thailand and is building a new plant in Malaysia. Read more…
Changan’s NEV unit Deepal launches global model S07, starting at $20,730 in China
The Deepal S07 SUV, available in EREV and BEV variants, replaces the S7 to better align with the company’s global strategy. Read more…
Autonomous Volkswagen ID.4 masters Beijing’s rain-soaked roads
The latest autonomous technology demonstration from Horizon Robotics and Volkswagen has just been released in China. Amidst a relentless 30-hour downpour, a Volkswagen ID.4 equipped with Horizon Robotics’ SuperDrive technology successfully navigated the chaotic streets of Beijing, demonstrating the system’s impressive self-driving capabilities even in adverse weather conditions. The demonstration, captured on video, shows Dr. Yu Kai, Horizon Robotics’ CEO,… Read more…
Carvana Made It Way Easier To Get A Used EV
This move could push more used car buyers to choose EVs. Read more…
The Porsche Cayenne Is Going Electric. Just Not Entirely
The next generation Cayenne will be all-electric. But the current one is sticking around with some upgrades too, just in case. Read more…
