Xpeng reported a record gross margin of 15.3 percent in the third quarter, compared to negative 2.7 percent in the same period in 2023 and 14.0 percent in the second quarter of 2024. Read more…
Xiaomi reports more than 50% growth in Q3
For the third quarter of 2024, Chinese company Xiaomi reported a 52.1 per cent growth in revenue for its EV business compared to Q2/2024. Moreover, the carmaker increased its yearly delivery target for the SU7 series EVs. Read more…
A Mercedes-Benz CLA EV Prototype Drove 2,309 Miles In 24 Hours–A New Record
Thanks to its maximum charging rate of 320 kW, the prototype stopped for short, 10-minute charging breaks. Read more…
BYD reportedly developing its own smart driving chip
BYD is developing a smart driving chip with a computing power of 80 TOPS that will be used in the company’s models priced between RMB 80,000 ($11,060) and RMB 300,000, according to local media. Read more…
China EV insurance registrations for week ending Nov 17: Nio 3,800, Tesla 17,100, Xiaomi 5,700, BYD 94,700
Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200. Read more…
Wuling to build logistics cars based on CATL’s battery swap solution
SAIC-GM-Wuling has entered into a partnership with CATL to use the latter’s Choco-SEB battery swap solution in the logistics vehicle segment. Read more…
Tesla Model 3 wait time in China further shortened to 1-3 weeks
Tesla Model 3 wait time in China has been shortened from 2-4 weeks previously to 1-3 weeks, while the Model Y remains unchanged at 1-3 weeks. Read more…
Nio still hopes to expand global presence to up to 25 countries and regions by 2025
Nio hopes to enter more than 90 percent of overseas markets in the next five to ten years. Read more…
Damon insists its always-next-year 200 MPH electric motorcycle isn’t vaporware
Damon Motorcycles, the startup that in 2019 unveiled a flashy electric motorcycle intended to best its combustion engine-powered competition, has announced that it has gone public and will assemble its first production-intent motorcycles next year. Read more…
Watch Kia’s new EV4 hatch carve up the Nurburgring, nearly on two wheels [Video]
Kia’s upcoming entry-level EV has finally made its way to the famous Nurburgring for testing. The EV4 hatch was spotted ripping across the track, nearly on two wheels at one point, as Kia preps for its big debut. Read more…
Tesla kills off its factory wrap service for the Cybertruck
One of the Cybertruck’s key selling points is the bare stainless steel body that doesn’t even have paint on top. Tesla has repeatedly marketed the vehicle as the one that doesn’t require paint for protection, as no paint equals no scratches. Initially, the company offered a factory wrap in two colors – satin black and satin white, but that has… Read more…
77% Of Tesla’s Stock Value Rides On Self-Driving
CEO Elon Musk has written a very big check with all his promises about autonomous cars. When will that check come due? Read more…
The US’s first onshore wave energy project gets the green light
Eco Wave Power (Nasdaq: WAVE) has secured the final permit from the US Army Corps of Engineers to install its first onshore wave energy system in the US at AltaSea’s site in the Port of Los Angeles. This pilot project will be the first of its kind in the US. Read more…
Lucid (LCID) has no plans to launch a $20,000 EV, but it could help create one
That $20,000 luxury Lucid EV you’ve been waiting for will likely never hit the market. CEO Peter Rawlinson said Lucid (LCID) has no plans to launch a $20K vehicle. However, it could play a role in bringing cheaper EVs to market. Read more…
Penske Truck Leasing kicks off a US rooftop solar rollout in Illinois
Penske Truck Leasing is rolling out rooftop solar on its US truck leasing, rental, and maintenance buildings, starting in Illinois. Read more…
Elon Musk hints at Tesla making bigger electric cars, but don’t hold your breath
Elon Musk is hinting at Tesla making bigger electric cars, but you shouldn’t hold your breath as it’s not the first time he said that. Read more…
The 2026 Mercedes CLA-Class Is A Groundbreaking EV And Hybrid Do-Over
It wants to pick a fight with Tesla and China’s EVs using class-leading efficiency and range for its EV and hybrid powertrains. Read more…
Mercedes-Benz teases the innovative tech that will go in the new CLA
The upcoming release of the Mercedes-Benz CLA is shaping up to be quite an event. The all-new electric vehicle from the German automaker promises to redefine efficiency and performance. And while we hear promises like that pretty much with every new EV, the CLA’s innovative powertrain technology and flexible charging system have us intrigued. There is no doubt Mercedes-Benz has… Read more…
Boston-based Pure Lithium acquires cathode materials provider Dimien
Boston-based lithium metal battery technology company Pure Lithium has acquired the assets of private US vanadium cathode materials company Dimien. The purchase aims to accelerate the development and commercialization of Pure Lithium’s lithium metal vanadium (LVO) battery. Dr. Brian Schultz, Dimien founder and CEO, will become Pure Lithium’s VP of Business Development and Technology, and… Read more…
CATL’s New Sodium-Ion EV Battery Works In -40 Degree Cold
Some Chinese EVs already use sodium-ion batteries. Now they’re hoping to unlock new levels of extreme weather performance. Read more…
