• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

BYD hits a red light with Q3 profits dipping, but global push accelerates

ArenaEV
The world’s largest maker of electric cars just showed a rare sign of vulnerability. After years of unstoppable growth, BYD reported that its third-quarter profit and revenue actually decreased compared to the same period last year. But for anyone counting BYD out, its nine-month performance and massive global expansion tell a much different story. Let’s look at the rough patch… Read more…

Niron Magnetics receives $10-million grant for US permanent magnet facility


US-based magnet manufacturer Niron Magnetics has been awarded a $10-million grant from the Minnesota Forward Fund to support the construction of its production site for iron nitride-based rare earth-free permanent magnets in Sartell, Minnesota. The financing will help the company advance the development of Plant 1, a 190,000-square-foot facility. Construction of the plant, located on… Read more…