Plus, BYD’s megawatt chargers will go live next week and Tesla drops FSD branding in China. Read more…
BYD Yangwang officially launches U7, aiming to gain share in luxury sedan market
The Yangwang U7, priced at RMB 628,000 ($86,430), is BYD’s latest offensive in the luxury car market.
Powerful performance, ride comfort and safety are the main selling points of the Yangwang U7.
BYD to deploy first 500 1MW chargers in April
After unveiling its megawatt charging stations earlier this month, BYD has announced it will now begin rolling them out in China. The first 500 chargers will enter operation in April, ahead of the launch of the Han L and Tang L electric cars. Read more…
Dodge Charger Daytona EV: What Do You Want To Know?
We’re driving Dodge’s controversial EV muscle car. It can put on one heck of a show—and make you lots of new friends in traffic court. Read more…
Tesla Canceled From Canada’s EV Rebates After Gaming The System
Tesla filed for more than $43 million in EV rebates; Canadian officials cut off the automaker’s eligibility instead. Read more…
Nio sets its new share offering at HK$29.46 per share, 9.49% discount to Thursday’s closing price
Nio announced the pricing of its offering of 136,800,000 additional shares at HK$29.46 per share, for a total offering amount of HK$4.03 billion. Read more…
E-quipment highlight: Kovaco CyberX cabinless electric track loader [video]
When Kovaco (Firstgreen Industries) released its Elise CBL last year, it was the world’s first cabinless, remotely operated electric skid steer. This year, the company’s bringing another “world’s first” to America’s job sites. Meet CyberX – a machine that Kovaco claims is the world’s first, commercially available electric, remote-control mini track loader. Read more…
Fastned expands charging network in northern Ireland
Fastned’s latest fast charging hub has just opened in Antrim in the north of Ireland. It marks the second major investment in the region by the firm, which also unveiled another charging hub in Banbridge in February. Read more…
Switch Mobility assesses closure of UK bus plant
Switch UK, a subsidiary of Indian company Ashok Leyland, has launched a consultation process regarding the potential closure of its electric bus plant in Sherburn, Yorkshire. The company’s board says it wants to refocus its efforts on India, which it views as a higher growth market than the UK. Read more…
Daimler Truck sends hydrogen truck to the Alps for testing
Daimler Truck has subjected its GenH2 fuel cell truck to winter testing in Switzerland. Not the test vehicles currently in use by some customers, but the first prototypes of a new generation of hydrogen trucks. Read more…
2026 Nissan Leaf details: Affordable EV will face 2026 Chevy Bolt EV
Next-generation Nissan Leaf will launch first in U.S. and Canada, be fully revealed this year Rogue Hybrid and Rogue PHEV are on the way over the next two model years A broader range of U.S.-made Nissan and Infiniti EVs starts to arrive in 2028 Affordable EVs? Widely available hybrids? A plug-in hybrid? As it emerges from financial upheaval… Read more…
Avatr begins pre-sales of Avatr 06 sedan, official launch set for Apr
The Avatr 06, which starts at RMB 215,900 ($29,720) in pre-sales, is Avatr’s third model to offer both BEV and EREV variants.
Avatr initially only offered BEV models, but launched its first model with EREV variants in September last year.
US electric car prices set to climb as new 25% tariffs shake the market
A new wave of tariffs announced by the US government is about to drastically change the landscape of the American auto industry, especially when it comes to electric cars. A 25% tariff will be levied on imported vehicles and auto parts, which will increase the price of cars for consumers, and will alter the balance in the market. The announcement… Read more…
Lion Smart partners with electric drives expert Hofer Powertrain
Lion Smart, a subsidiary of Lion E-Mobility is working with Hofer Powertrain to “accelerate the launch of innovative battery systems.” The focus will be on immersion-cooled battery systems. Read more…
Greater Manchester gets its first retrofitted bus from Wrightbus
Go North West, the bus operator of Greater Manchester’s public transportation network ‘Bee Network,’ is testing its first bus that has been converted from diesel to electric. The bus is based at the Bolton depot, from where Go North West already operates 69 electric buses. Read more…
EnBW scales back targets for HPC network expansion in Germany
EnBW has significantly slimmed down its plans for expanding the charging network due to the sluggish ramp-up of electric mobility. Instead of the 30,000 fast-charging points that had been announced, the energy company now only wants to operate “more than 20,000 fast-charging points” in Germany by 2030. Read more…
Nio plans to issue new shares to raise funds for R&D and strengthen balance sheet
We have been incurring loss since inception. We incurred operating cash outflow for the year ended December 31, 2024 and our current liabilities exceeded current assets as of December 31, 2024.
Based on our going concern and liquidity assessment, which considers our business plan including revenue growth, working capital management and the ability to raise funds from banks under available credit quotas when needed, we believe that our financial resources, including our available cash and cash equivalents, restricted cash and short-term investments, cash generated from operating activities and funds from availa-ble credit quotas will be sufficient to support our continuous operations in the ordinary course of business for the next twelve months. Read more…
Hyundai officially opens new production site in the US
The Hyundai Group is celebrating the official opening of Hyundai Motor Group Metaplant America (HMGMA) in the US state of Georgia. And the South Korean carmaker confirmed that it would extend the facility’s production capacities from 300,000 to 500,000 vehicles per year – not only purely electric ones, but also hybrids. Read more…
BYD Fang Cheng Bao to start pre-sales of Tai 3 SUV on Mar 31, shares more images
Fang Cheng Bao will start pre-sales of the Tai 3 on March 31, as BYD continues to push forward with intensive new product launches.
The Tai 3 will be Fang Cheng Bao’s first pure electric model and the brand’s third model.
Daimler Truck customers can offer chargers to third parties
Under its brand TruckCharge, Daimler Truck wants to make company-owned charging facilities available for public use. The offer is supposed to close the gap in charging infrastructure for electric trucks, making it Europe’s largest semi-public charging network for electric trucks. Read more…
