The direct impact of Alibaba’s share sale on Xpeng shares should be transient and manageable, Morgan Stanley said. Read more…
Nio receives major investment from CYVN Holdings
The Chinese electric car manufacturer Nio has secured additional capital totalling 2.2 billion US dollars. The money comes from the investment holding company CYVN from Abu Dhabi, making it the largest single shareholder in the electric car manufacturer. Read more…
Everrati expands its portfolio of Porsche 911 EV conversions with a rare, 1990’s era Type 964 RSR
EV conversion specialist Everrati Automotive has introduced a fifth electrified Porsche 911, now offering a cutting-edge version of the ultra-rare 1993 Type 964 RSR 3.8. By implementing an all-electric powertrain, this classic gets better acceleration than the original but still boasts most of the design elements that make it an RSR. Read more…
Nio secures $2.2 billion investment from Abu Dhabi government fund
Nio has sealed the deal for a fresh round of financing from CYVN Holdings LLC, the Abu Dhabi government fund, acquiring a 20% stake in the Chinese electric vehicle giant. This move follows CYVN’s initial investment of €1.03 billion in July, bringing their total investment to a staggering €3.08 billion. In this latest transaction, CYVN will inject €2.05 billion in… Read more…
BYD donates RMB 10 million for earthquake relief in northwest China’s Gansu
Gansu was hit by a 6.2-magnitude earthquake late last night, which has killed 105 people and injured 186 others. Read more…
Extinguishing lithium battery fires
Our battery show report in this issue contains stories on various materials engineered to prevent a thermal runaway in a cell in a lithium-ion pack from spreading and cause a major fire (writes Peter Donaldson).
Prevention is better than cure because, rare though they are, thermal runaways in EV lithium-ion batteries contain all four elements of the ‘fire tetrahedron’ – heat, oxygen, fuel and a chemical reaction – making them notoriously hard to extinguish. Putting them out is far from impossible, however. Read more…
China EV insurance registrations for week ending Dec17: Nio 3,400, Xpeng 4,800, Li Auto 11,300, Tesla 18,300
Between December 1 and December 17, Nio was 7,900, Xpeng 8,700 and Tesla 41,700 units. Read more…
How swappable batteries are helping Uber Eats deliver your food faster
Food delivery in crowded cities – or really any type of delivery – tends to work better on two wheels. Smaller vehicles just slip through densely packed streets more easily. Electric bikes and e-scooters have become the dominant form of food delivery in many cities and countries worldwide. Now, a new partnership between Uber Eats and Gogoro is helping make those deliveries even quicker and easier. Read more…
Tesla to offer package that turns Cybertruck into an actual boat
Elon Musk confirmed that Tesla plans to offer a “mod package” that is going to turn the Cybertruck into a boat – at least to traverse 100 meters of water. Read more…
Quick Charge Podcast: December 18, 2023
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. Read more…
CYVN to become Nio’s largest shareholder, while William Li to retain most voting rights
At the end of February, Li’s stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment. Read more…
UAW win helps nonunion workers too as Tesla is latest to hike pay
Tesla has announced that it will raise factory worker pay for some workers at its Nevada Gigafactory by 10% or more. The news comes not long after UAW’s historic strike wins, in which it earned 25% pay increases at all of the Big Three American automakers. Read more…
BYD catches up with Tesla in global BEV market share in Q3
BYD has caught up with Tesla’s 17 percent share of the global BEV market in the third quarter and is expected to overtake Tesla as the global leader in the fourth quarter, Counterpoint Research said. Read more…
Reservations open for 2024 Acura ZDX electric SUV
Acura, the premium sub-brand of Honda, has finally thrown its hat into the electric ring with the announcement of reservations opening for its highly anticipated 2024 ZDX SUV, marking the brand’s inaugural foray into the world of Battery Electric Vehicles (BEVs) in the US. Priced starting around $60,000, the ZDX promises not only a thrilling driving experience but also exclusive… Read more…
Nio ET9 will be unveiled on December 23 to take on Maybach
Nio was in the news recently thanks to the real life testing of an ET7’s range, which saw Nio founder and CEO William Li drive the car for 1,044 km on a single charge using the new 150 kWh semi-solid battery pack. But Nio will be in the news even more later this week, for the company is set to… Read more…
Tesla confirms wireless inductive electric car home charger is coming
Tesla has confirmed it is working on a wireless inductive home charger for its electric cars after teasing it earlier this year. Read more…
Hyundai Kona Electric gets even sportier as new N Line model shows its face
Hyundai’s all-electric Kona is getting a high-performance upgrade. The Hyundai Kona Electric was spotted wearing the famed Hyundai N Line badge with a new sporty look. Read more…
Nikola founder Trevor Milton sentenced to 4 years in prison for fraud
Trevor Milton, founder and former CEO of Nikola Corporation, has been sentenced to four years in prison for defrauding investors with false statements about the company’s electric trucks. Read more…
Take To The Water With BeTriton’s New Amphibious E-Bike Trailer
The BeTriton Trailer can carry two adults, as well as a day’s worth of camping gear. Read more…
Lucid Air Touring Owner Review: No More Asterisk For The EV Road Trip
But it is the “buggiest” car I’ve ever owned, and I don’t mean software. Read more…
