Nio has lost $835 million in Q2, a report by the New York Times estimates, which is around $35,000 per shipped car. Nio shipped around 8,000 EVs in that time. The report cites China’s government’s “formidable” financial backing of its car companies as the reason they’re as competitive, since they don’t need to worry about profitability. The European Union suspected as much and launched a probe into the matter. Should the EU conclude that the Chinese government is subsidizing its EV makers, it could impose a tariff to level the playground and protect its own auto industry. When… More…

Tesla’s Cybertruck was announced years ago, and it’s still not being delivered to customers, although a bunch have already been produced, so it’s only a matter of time now. But what do you do if you desperately want one, and not just any Cybertruck, but one of the first ever produced, and don’t want to go through Tesla’s sales process? Oh, and you have a lot of money to spend? In that case, you simply buy one at an auction for a whopping €370,000. BREAKING: The Cybertruck auction at the Petersen Museum reportedly went for just $400,000Here is some of the auction!!!… More…

Xiaomi’s upcoming EV is expected to debut really soon and understandably, leaks are becoming more detailed by the day. Last week, Xiaomi posted some job listings regarding EREV technologies suggesting some of its future cars will have an EREV version. Today’s report claims the very first one might actually get such a version. According to Pan Daily, the company plans to release its EV dubbed Modena in three variants. The entry-level BEV will offer a 400-volt architecture with a battery sourced from BYD while the top tier will be equipped with CATL’s high-end Qlin 101 kWh battery and… More…