Growing EV sales in both the U.S. and China could contribute to a halving in gasoline demand in 2024, says the consultancy Wood Mackenzie. Demand is likely to rise 340,000 barrels per day (bpd) to 26.5 million bpd for the year, but that’s the slowest growth since 2020, and down from a growth rate of 700,000 bpd last year, according to the report… Read more…
GAC joins Nio in battery swap tech development
Chinese auto giants Nio and GAC Group have announced a new partnership centered on battery-swap technology. The deal represents a significant expansion of Nio’s battery swap network, opening it to one of China’s largest automakers and potentially reshaping the electric vehicle market. Unlike the traditional model of charging an EV’s onboard battery, battery swapping allows drivers to exchange a depleted… Read more…
More megawatt charging comes to California
WattEV has opened its fourth electric truck charging depot in California. The new Bakersfield depot features a solar-powered microgrid with a battery energy storage system (BESS), capable of rapid megawatt charging. Read more…
Finns connect over shop and charge
Finnish retailer K-Lataus has teamed up with Finland’s Kempower to expand the fast charging network across the country. The K-Lataus’ charging network will grow by over a hundred DC charging points at vital commercial locations for Kesko and along the main roads. Read more…
Toyota To Invest Record Profits Into Electric Vehicles And AI
Plus, Tesla wanted to unveil its robotaxi in China last month, and Daimler says the U.S. needs to invest in EV infrastructure for trucks. Read more…
Lectron NACS To CCS1 Adapter Recalled Because It Could Unlatch While Charging
It’s one of the first third-party adapters that enables authorized non-Tesla EVs to charge at Superchargers. Read more…
Toyota may adopt BYD’s DM-i hybrid tech in China, report says
One of the key reasons why Toyota is leaning towards adopting BYD’s DM-i technology is that it is less expensive and relatively mature, according to local media. Read more…
Blaze in Bolzano: Alpitronic warehouse goes up in flames
A major fire broke out on Wednesday morning in a warehouse belonging to the charging station manufacturer Alpitronic in Bolzano, Italy. Alpitronic says no one was in the building, which was closed due to renovation work. Read more…
Large fleet of heavy-duty electric trucks hits the road for Amazon
The online giant is launching its largest fleet of heavy-duty e-trucks in Southern California. The new fleet comprises 35 Volvo battery-powered trucks. They will haul cargo containers and complement hundreds of electric vans, which Amazon already uses to deliver parcels throughout California. Read more…
BC Transit orders 66 zero-emission buses
British Columbia’s public transport provider, BC Transit, says 66 electric buses are on order from Nova Bus and New Flyer. The buses are part of a funded electrification drive that will eventually see BC Transit run an entirely electric fleet. Read more…
Tiny Eli Zero urban EV priced at $11,990, goes up to 90 miles—slowly
Eli Electric Vehicles on Tuesday opened U.S. reservations for its Eli Zero, a tiny urban EV with a starting price of $11,900. Launched with help from crowdfunding, the Zero was first shown in 2017 and began shipping to European dealers in 2021. At the time, Eli said it was targeting a 2022 launch for the U.S. That date has slipped significantly… Read more…
Fisker Files For Reorganization In Austria After Magna Pauses Ocean Production
It’s the rough equivalent of filing for Chapter 11 bankruptcy protection in the United States. What’s next for the troubled startup? Read more…
China NEV retail in Apr flat from Mar at 706,000, preliminary CPCA data show
In April, China’s retail sales of all passenger vehicles stood at 1.585 million units, down 2 percent year-on-year and 6 percent lower than in March. Read more…
Galaxy E5 electric SUV revealed in China
Just half a year after introducing the E8 electric sedan in November 2023, Geely subsidiary Galaxy has revealed an electric SUV with the E5. It is to be launched in China and will eventually make its way to global markets. Read more…
Lucid to go mainstream with $48,000 midsize electric crossover
Lucid, the luxury electric vehicle maker known for its high-performance Air sedan, has its sights set on the heart of the EV market. CEO Peter Rawlinson confirmed a target price of around €44,700 for the company’s upcoming midsize crossover SUV, a bold move that pits it against Tesla’s wildly popular Model Y. Rawlinson revealed that despite initial estimates closer to… Read more…
BYD to launch Sea Lion 07 on May 10
The price range for BYD’s Sea Lion 07 BEV will be RMB 200,000 ($27,700) to RMB 260,000, an executive said last year. Read more…
Rivian plans to produce 155,000 units of the R2 per year
US electric car manufacturer Rivian once again reports high losses for the first quarter, but for the first time provides details of the planned production capacities following the expansion of its plant in Normal, Illinois, in its annual report. Read more…
Nio subsidiary ‘Firefly’ to bring sub-€30,000 EVs to Europe
Chinese EV start-up Nio is doubling down on its efforts to become a key player in Europe’s automobile market, in line with the region’s progressive transition to zero-emission vehicles. Read more…
Leapmotor, Stellantis may announce formation of JV next week, report says
Leapmotor’s chairman and Stellantis CEO will appear together at a joint press conference next week, where they will jointly announce the formation of Leapmotor International, according to local media. Read more…
Nio expected to see 500,000th production car roll off line on May 9
Nio’s first vehicle rolled off the line on May 27, 2018. It saw its 100,000th mass-produced vehicle roll off the line in April 2021, when Tesla CEO Elon Musk expressed his congratulations. Read more…
