GAC Aion has completed a financing round of 18.29 billion yuan (2.56 billion euros), in which 53 investors participated. The option of an IPO will probably now be explored with the strategic investors. The deal saw 1.383 billion shares issued, representing 17.72 per cent of GAC Aion. Parent company GAC now holds 76.89 per cent […] More…
Toyota bZ3 Compact Electric Sedan Bows In China With 372-Mile Range
Powered by a BYD Blade LFP battery, the Tesla Model 3 competitor will be a China-exclusive model, at least for the time being. More…
GM Dealer Installs First Chargers As Part Of Extensive Community Program
The Dealer Community Charging Program is one facet of GM’s Ultium Charge 360 ecosystem. More…
Report: CATL Slows Its Battery Investment Plans In US/Mexico
Unofficial sources indicate the Inflation Reduction Act (IRA)’s requirements as a reason. More…
Tesla Model Y Tops Reliability Survey In China, Model 3 Close Behind
The Model Y is pricey compared to other EVs made in China, but buyers have few complaints according to a recent survey. More…
Canadian Company Plans EV Battery Gigafactory For New York
The facility, planned by Ontario-based battery manufacturer Electrovaya, is to open in phases starting in late 2023. More…
Volkswagen ID. Buzz Range Test Reveals Very Good Results
The van happens to be relatively efficient, which helps it to exceed 200 miles (320 km). More…
Pure Electric’s New Advance E-Scooter Seeks To Change The Way You Ride
Foot pads on either side allow you to ride the scooter in a more neutral position, making for a safer, more stable ride. More…
GMC Sierra EV Denali Not A Hummer EV Competitor, Brand Boss Says
Duncan Aldred believes the Sierra EV Denali will have a much broader appeal to GMC loyalists than the Hummer EV pickup. More…
First EV from iPhone maker due in 2023, two more prototypes revealed
Foxconn is moving ahead with its plan to manufacture cars as well as iPhones. The Taiwanese company best known as an Apple contract manufacturer recently unveiled its first production EV, which is scheduled to start deliveries in Taiwan in the second half of 2023. It also fully revealed two prototype EVs under its Foxtron automotive brand, which… More…
Arrival announces an electric van strategy for the USA
The British electric vehicle startup Arrival has announced a plan to restructure its business to focus resources on van products for the US market. However, the company will continue to produce a small number of vans in Bicester to optimize microfactory processes and support trials with customers. The major factors in the company’s decision to […] More…
Arrival has prepared an electric van strategy for the USA
The British electric vehicle startup Arrival has announced a plan to restructure its business to focus resources on van products for the US market. However, the company will continue to produce a small number of vans in Bicester to optimize microfactory processes and support trials with customers. The major factors in the company’s decision to […] More…
Elon Musk Says Tesla US Will Add New Color Options But Doesn’t Say When
Tesla buyers have long been saying that the available selection of colors is limited and a bit boring, but that may change soon. More…
Nio backs away from leasing-only offers in Europe
Nio will offer the possibility to not only rent but also buy its electric models in Europe from 21 November. Until now, the business model of the Chinese newcomer only provided a leasing option. According to the manufacturer, the feedback from interested parties has changed its mind. Nio celebrated the European market launch of its […] More…
Tesla lowers prices for the Model Y & Model 3 in China
Tesla has lowered the prices for all variants of the Model 3 and Model Y in China. With the price reduction, the basic version of the Model Y slips below the 300,000 yuan threshold and thus now qualifies for government subsidies. The price reduction only applies to the Chinese market. Prices in Europe have remained […] More…
Strong Electric Commercial Vehicle Demand In China May Affect Oil Market
The more diesel trucks are taken off the road, the lower the demand for oil will be and there are a lot of trucks in China. More…
Tesla (TSLA) pulls demand levers in China, launches referral program and cuts prices
Tesla has decided to pull on demand levers in China with the launch of a new referral program in the market and cutting prices on Model 3 and Model Y. The TSLA Stock price is down in pre-market. More…
Tesla pulls demand levers in China, launches referral program and cuts prices
Tesla has decided to pull on demand levers in China with the launch of a new referral program in the market and cutting prices on Model 3 and Model Y. More…
Bird to withdraw from some markets due to supply issues
Bird says it has decided “to fully exit three European countries (Germany, Sweden, and Norway), and to wind down operations in several dozen additional” without specifying which. Bird adds that a lack of regulatory frameworks, resulted in an oversupply of vehicles, making it difficult to compete. “All this invariably leads to sizable losses for operators […] More…
Rivian Stops Making R1T’s Powered Tonneau Cover To Redesign It
Reservation holders must now choose between a manual tonneau cover or none at all until Rivian finishes upgrading the feature. More…
