The company mentions “weakening global consumer demand particularly affecting the rate of EV adoption.”
Li Auto Q3 earnings: Deutsche Bank’s 1st look
Li Auto’s third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank. Read more…
Renowned Chain Maker KMC Now Making E-Bike Motors
Compleo presents its new HPC column – the eTower 200
Over a year ago, Compleo announced a new HPC product and presented a first customer. Now, the company – under new ownership – unveiled the eTower 200 charging station. Read more…
Global EV sales hit record in September, Tesla and BYD dominate
EV sales kept climbing in September, nearly 9.5 million plug-in models have found their new owners in 2023 so far, of which over 6.5 million are BEVs. That’s around 16% of all cars sold in 2023 and 12% share for the BEVs alone. The data comes from EV-Volumes by way of Jose Pontes. September saw a record 1,291,077 new passenger plug-in cars sold, of which the majority – 890,000 – were EVs. Breaking down the total numbers by individual models, it’s no surprise that Tesla Model Y dominates with 121,258 sales in September. BYD’s Yuan Plus (aka Atto 3) is the next EV in the list with 35,378,… More…
Archer Aviation plans to launch air taxi services in India operating up to 200 Midnight eVTOLs
Less than a month after announcing plans to implement commercial air taxi services in the UAE, eVTOL developer Archer Aviation has signed a separate agreement with InterGlobe Enterprises to bring its zero-emissions aircraft mobility to India, pending regulatory approvals. More…
Nio Oct deliveries breakdown: ES6 at 5,875, ET5 Touring at 3,105
The ES6 remains the best-selling Nio model, but deliveries were down from September, while deliveries of the EC6 coupe SUV were up significantly. Read more…
GoFast to install HPC at Aldi Suisse stores
In Switzerland, fast-charging provider GoFast is installing HPC columns in around 150 of the current 240 Aldi Suisse stores. Installations are set to begin in summer 2024. Read more…
BMW receives first solid-state cells from Solid Power
The US solid-state battery specialist has produced the first A-samples of the solid-state cells and handed them over to BMW. The carmaker wants to put its first demonstration vehicle based on Solid Power technology on the road before 2025. Read more…
Tritium pivots manufacturing in the US
The Australian fast-charging station manufacturer Tritium is closing its plant in Brisbane and relocating its entire production to the USA. At the end of October the company was declined a $90 million investment from the Queensland government that would have saved its Brisbane factory. Read more…
The Opel Crossland and Grandland will get an electric motor in 2024
The vehicles’ successors will also launch as electric SUVs in 2024, the Stellantis brand now officially confirms. However, it is unclear which platform the new Crossland will use – and where it will roll off the production line. Read more…
GM and Stellantis invest in Niron Magnetics
General Motors and Stellantis are investing in the US start-up Niron Magnetics to support the development of permanent magnets without rare earths. Both car manufacturers have participated in a 33 million-dollar financing round. Read more…
New competition for German OEMs: Taking the BYD Seal for a short spin
The Chinese carmaker BYD is launching a new model in Germany. As part of the dealer roadshow for the market launch, we were able to test the Seal for a few hours in and around Munich. The saloon proved to be a good vehicle with a lot of high-quality equipment – and one major shortcoming.
Polestar’s Q3 report shows sharp increase in sales, but mounting losses
Polestar’s Q3 report reveals the company is both accelerating and hitting speed bumps. The company’s third quarter of 2023 tells a story of growth, challenge, and strategic reorientation. Polestarâs revenue soared to â¬571 million, a robust 41% year-on-year increase. This growth is primarily fueled by the price hikes for the 2023 and 2024 model years, alongside an expansion in vehicle sales across various markets. The delivery of 13,976 cars is a 51% yearly increase and it underscores Polestar’s growing appeal in the electric vehicle market. Polestar 3 Despite the revenue uptick,… More…
Polestar cuts margin target and delivery forecast
The EV maker has lowered its delivery target for 2023 to the lower end of its previous forecast of 60,000 to 70,000 electric cars and halved its gross margin target from 4 to 2 per cent. However, there are also positive developments. Read more…
VW interrupts MEB production in Zwickau again
According to a media report, production at the Volkswagen electric car plant in Zwickau has once again come to a halt. This time, however, it is not due to a lack of demand, but because a critical component is missing – the electric motor. Read more…
A truckload of wrapped Tesla vehicles spotted
A truckload carrying what appears to be brand-new wrapped Tesla vehicles was spotted not long after the automaker announced a new program for in-house wraps. More…
Volvo inks deal for enormous, Tesla-style giga press for its next-gen EVs
Following in Telsa’s footsteps, Volvo has just signed a contract with Italian giga press maker IDRA to install two of its largest presses at a new site in Slovakia. The giga presses – what will likely be a reconfigured version of the same Giga Press 9,000 that is making Telsa’s Cybertruck – are the world’s largest, the size of a small house and producing a clamping force of more than 9,000 tons. More…
Li Auto posts higher-than-expected Q3 revenue
This article is being updated, please refresh later for more content. Read more…
Renault completes spin-off of its EV division Ampere
Renault has officially founded its EV division Ampere. The new unit, headed by Luca de Meo, is launching with the promise “to democratise EVs in Europe.” The brand’s logo has now also been revealed. Read more…
