The battery swap business model is in line with China’s carbon peak and carbon neutral strategies, and can solve EV charging difficulties, said GAC’s chairman.
He called for solutions to the issues of high construction costs, lagging layout, and lack of uniform battery standards for battery swap facilities.
Xpeng delivered a record 91,507 vehicles in the fourth quarter, exceeding the upper end of its guidance range of 87,000 to 91,000 units.
It previously guided fourth-quarter revenue to be in the range of RMB 15.3 billion ($2.1 billion) to RMB 16.2 billion, with year-on-year growth of about 17.2 percent to 24.1 percent.
BYD is offering 118 million shares at a discount of up to 8.4 percent to Monday’s closing price of HK$363.60, according to Bloomberg.
BYD plans to use the proceeds for R&D, expanding overseas operations, supplementing working capital and general corporate purposes.
Leapmotor and FAW will work together on joint development of passenger NEVs and parts collaboration, and will explore the feasibility of deepening capital cooperation.
FAW is one of the largest car companies in China, delivering over 3.2 million units in 2024.
Nationwide protests targeting Tesla and its CEO Elon Musk have escalated, with nine arrests reported at a New York City dealership. The demonstrations resulted from widespread anger over Musk’s role in federal workforce reductions under the Trump administration’s “Department of Government Efficiency” (DOGE) initiative. Hundreds of protesters descended upon Tesla showrooms in multiple cities throughout the weekend. The New York… Read more…
Polestar is once again stocking up on fresh money. The Swedish brand of majority owner Geely has secured an additional loan of up to 450 million dollars. It is still unclear how the 2024 financial year went. Polestar postponed the publication of its financial statements once again – this time to April. Read more…
8,477 electric cars were newly registered in Norway in February, which corresponds to a 94.7 per cent share of total car registrations for the month. And none of the usual suspects are at the top of the model rankings; instead the Nissan Ariya took the lead. Read more…
Hyundai is preparing its plant in Turkey for the production of electric cars. From 2026, the factory in İzmit will build electric cars and combustion engines to meet the growing demand in Europe. Read more…
The provisional insolvency proceedings at air taxi manufacturer Volocopter are turning into regular insolvency proceedings. The search for investors that began in December is still ongoing, although a restructuring concept was supposed to be in place by the end of February. Volocopter’s future thus remains up in the air. Read more…
The battery company Volklec, founded in 2024, wants to build batteries using licensed Chinese technology. To this end, Volklec has signed an agreement with Far East Battery (FEB). The British company wants to use the technology to manufacture batteries for electric vehicles and stationary energy storage systems. Read more…
Florida’s politics are the polar opposite of California’s. Yet the home state of President Trump is second only to California in EV sales. That sales growth, leaving Florida solidly in the top position after California, based on cumulative EV registrations, was driven not by incentives but primarily by EV enthusiasm in the populous central region… Read more…
Dutch charge point operators Fastned have opened their first DC fast-charging station with up to 400 kW chargers in Italy, marking the eighth nation the company has built stations in. Read more…
The 2025 US Electric Vehicle Experience (EVX) Ownership Study from J.D. Power tells us that more people are more satisfied with their EV experience than last year – and the EV owners who are the most satisfied with their rides can be found behind the wheel of the BMW iX. Read more…
Chevy is resurrecting both the Spark and EUV nameplates with the all-new, affordable Chevy Spark EUV. GM hopes its new, 249-mile range EV will be a “game changer” that helps accelerate the company’s EV transition in export markets. Read more…
Unlike most EV conversions that feature repurposed Tesla drive units, this conversion exclusively features aftermarket parts. Read more…
Owners of the second-gen models will also be able to get the Performance pack via an OTA software update. Read more…
The 2025 Ford E-Transit—an all-electric version of the automaker’s Transit van—receives some new options while holding steady on pricing. An E-Transit cargo van costs $51,000 before destination—about the same as a 2024 model. Ford also offers chassis cab and cutaway versions priced at $46,200 and $45,700 before destination… Read more…
BYD is cementing its place as the global leader in plug-in car production with new models, innovative battery tech, and rapid global expansion plans – even in the face of tariffs. BYD’s latest accolade? Record-setting sales. Read more…
Electrifying your commercial fleet is a tricky thing. Sure, you want to cut your fuel costs. You want to reduce your operating variables. Heck you you even want to help corporate meet their ESG goals – but where do you start? MAN Trucks is here to help fleet managers get answers. Read more…
A Tesla store in New York City has been taken over by people protesting Elon Musk – disrupting the operations. Read more…
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