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Mercedes-Benz, BMW, and Volkswagen protest increased tariffs on Chinese EVs
The European Union’s recent decision to impose tariffs as high as 38% on electric vehicles imported from China has sent ripples through the automotive industry, particularly among German automakers. Mercedes-Benz, BMW, and Volkswagen, who have all found a lucrative market in China, are voicing strong concerns about the potential backlash the tariffs could have on their Chinese operations. BMW CEO… Read more…
Elon Musk Is Claiming Victory In Tesla Shareholder Pay Vote
The Tesla CEO said that shareholders voted “by wide margins” to approve his $56 billion compensation package. But things are far from over. Read more…
Zapmap secures an additional £1.7 million in funding
Renewable electricity supplier Good Energy has again invested in EV charge point mapping service Zapmap. This time, it provided a convertible loan worth £1.7 million, bring the company’s total investment in Zapmap to £7.5 million. Read more…
Feds: 90% of eligible EV purchases get tax credit at point of sale
The majority of EV purchasers eligible for a federal tax credit have gotten the credit as a point-of-sale rebate since that option was added at the beginning of the year, The Treasury Department said in a press release. As part of a revamp of the federal EV credit enacted under the Inflation Reduction Act (IRA), credits of up to $7,500 for new EVs… Read more…
Tesla jumps on talent of Koch company making direct drive for robots
Tesla appears to be behind the acquisition, or “acqui-hire”, of a company developing direct drive motors for robots as it is being liquidated by Koch Engineered Solutions. Read more…
Regulatory filing: Xpeng Mona M03 has only single motor options, batteries from BYD
The Xpeng M03 is powered by two different motors with peak power of 140 kW and 160 kW, respectively. It has lithium iron phosphate batteries from BYD. Read more…
Fast-charging joint venture Ionna chooses Durham as its headquarters
It is an alliance of seven car manufacturers that is similar to Ionity’s idea, but focusses on North America: Ionna wants to pull up a dense network of fast-charging points in just a few years and become the market leader. The joint venture has now decided on a headquarters. Read more…
Lynk & Co Z10 debuts with impressive range and rapid charging
The Lynk & Co Z10 made its official debut at a global premiere in Gothenburg, Sweden. The flagship sedan, formerly known as the Lynk & Co Zero, points to a bold new direction for the brand. Based on Lynk & Co’s “The Next Day” concept car, the Z10 boasts has very distinctive headlights, hidden door handles, and frameless side windows.… Read more…
CATL and BYD are working on batteries with a 6C charge rate
CATL and BYD are working on faster-charging batteries for electric cars. CATL is planning to launch a new generation of its Qilin battery with a charging rate of 6C in the second half of 2024. BYD is also rumoured to be working on a 6C battery. Read more…
USA: $1 billion dollars in incentives paid since January
The US federal government has paid more than $1 billion dollars on cash incentives for electric vehicles since January. Apparently, about 150,000 buyers opted for the advanced payment. Read more…
Regulatory filing: Nio Onvo L60 to use BYD batteries, offers single and dual motor options
The Nio Onvo L60 will use lithium iron phosphate batteries supplied by BYD, with single and dual motor options, and will be built at Nio’s F2 plant. Read more…
Echion raises $35 million to manufacture XNO anode material
British niobium anode materials supplier Echion Technologies has raised 35 million dollars in its Series B funding round. The money will bring Echion’s niobium-based XNO anode material to market. Read more…
Automakers’ share of China NEV market in May: BYD tops with 33.4%, Tesla 3rd with 6.9%
In the January-May period, BYD was No. 1 in China’s NEV market with a 34.0 percent share, while Tesla was No. 3 with 6.7 percent. Read more…
Audi to invest €1 bn in Mexico for EV production
Audi plans to invest €1 billion in its Mexican plant to produce an e-tron model. It’s almost certain now that the company will build the next-gen Q8 e-tron in Mexico. Read more…
Musk claims both controversial Tesla shareholder votes passed
With Tesla’s shareholder meeting happening tomorrow, Tesla CEO Elon Musk shared charts suggesting that shareholders have approved two controversial ballot measure. Read more…
JLR to use Chery platform for future electric cars
Chinese carmaker Chery confirmed that Jaguar Land Rover (JLR) will use its M3X and E0X modular platforms for future battery-electric and plug-in cars. To that end, JLR has signed a strategic agreement with Chery brand Exeed. Read more…
Mona M03 debuts as Xpeng-Didi’s first co-developed EV
A new electric sedan from China called ‘Xpeng Mona 03’ debuted online on 11 June. It is the first EV from Xpeng Motors and ride-hailing service provider Didi’s collaboration. Read more…
Ørsted got a huge Tesla battery storage system for the world’s single largest offshore wind farm
Ørsted just bought a 300 MW Tesla battery energy storage system for the UK’s Hornsea 3 Offshore Wind Farm.. Read more…
Nio sees 1st batch of 4th-gen swap stations with multi-brand support go live
Nio’s fourth-generation battery swap stations are more open, supporting service for multi-brand vehicles with more battery pack sizes. Read more…
