CATL’s issue size adjustment option will be exercised and it will raise about HK$35.66 billion ($4.57 billion) in total.
CATL’s offering received a more-than-expected reception, in part due to optimism from the truce in the US-China trade war.
Vianode and Fortum partner on recycled graphite for EV batteries
Advanced battery materials specialist Vianode and Fortum Battery Recycling have signed an MoU to develop a sustainable value chain for EV battery materials. The partnership targets scalable graphite recovery, enabling low-carbon anode production. Read more…
GM and LGES want to launch LMR battery cells on the market
General Motors and LG Energy Solution have developed a new generation of battery cells: so-called lithium-manganese-rich (LMR) cells in a prismatic design. The market launch is planned for 2028. Read more…
The 2026 Toyota C-HR Wants To Be A Sporty bZ
This crossover will have 338 horsepower, standard all-wheel-drive and sprint to 60 in about five seconds. Read more…
Launch event for Nio’s facelifted ES6, EC6 to start at 7:30 pm Beijing time on May 16
The launch event for the facelifted Nio ES6 and EC6 will be held online only, partly to save costs.
Firefly also held an online-only event when it launched its first model on April 19.
Google’s Gemini is coming to Android Auto in a few months
Google will enhance Android Auto and cars with Google built-in by bringing over Gemini later this year. The company’s AI natural voice assistant will accept hands-free commands without the need to push a button or do anything but keep your hands on the wheel. Drivers will be able to interact with Gemini just like on their smartphones, but with some… Read more…
PowerGo launches Spain’s first dynamic charging tariff
EV drivers in Spain can now take advantage of dynamic charging pricing for the first time, thanks to the introduction of a new tariff system by PowerGo. It means lower prices for off-peak charging at more than 50 PowerGo charging locations across Spain. Read more…
BASF and Group14 deliver silicon anode breakthrough for lithium-ion batteries
BASF and Group14 have unveiled a market-ready silicon anode solution capable of delivering nearly four times the capacity of graphite. Their drop-in technology is said to offer high durability and rapid scalability for next-gen EV batteries. Read more…
VW confirms MEB+ platform for 2026
Volkswagen CEO Thomas Schäfer has confirmed plans to further develop the MEB EV platform with the MEB+, following longstanding rumours of a refresh. The platform refresh will begin with the launch of the new ID.2 supermini next year. Read more…
China NEV retail at 294,000 in May 1-11, up 32% year-on-year
China’s cumulative retail sales of passenger NEVs so far this year stood at 3.618 million units, up 35 percent year-on-year.
China’s NEV penetration rate at retail was 51.3 percent in the May 1-11 period and 48.6 percent year-to-date.
Mitsubishi to present new electric SUV for Europe in September
Mitsubishi Motors has announced the launch of a new all-electric C-segment SUV called the ‘Eclipse Cross’ in Europe. Deliveries of the model, which Mitsubishi plans to present in September, are scheduled to start at the end of 2025. The Eclipse Cross will be manufactured by Renault at the Douai plant in France. Read more…
The Mercedes CLA EV Will Work With Tesla Superchargers After All
Mercedes-Benz backtracked on its original idea of restricting the CLA to 800V DC fast chargers. Read more…
300 new electric buses arrive for Santiago’s Red Movilidad
Public transport operator Red Movilidad has welcomed 300 new electric buses to Santiago as part of Chile’s drive to electrify its public transport fleet. The move kicks off a major expansion that will see 1,800 electric buses deployed by the end of 2025, bringing the capital’s electric share to 68%. Read more…
Xpeng inks deal with Plugsurfing in Europe
Chinese EV manufacturer Xpeng has entered into a strategic partnership with Plugsurfing to grant its European customers immediate access to one of the continent’s most extensive public charging networks. Read more…
Toyota reportedly eyes struggling EV maker Neta to revive China strategy
Toyota is reportedly exploring the acquisition of embattled Chinese EV startup Neta Auto, as it seeks to bolster its electric vehicle presence in the world’s largest market. The move could offer Neta a lifeline while helping Toyota accelerate local EV efforts. Read more…
Toyota reportedly eyes struggling EV maker Neta to revive China strategy
Toyota is reportedly exploring the acquisition of embattled Chinese EV startup Neta Auto, as it seeks to bolster its electric vehicle presence in the world’s largest market. The move could offer Neta a lifeline while helping Toyota accelerate local EV efforts. Read more…
Honda puts EV and battery production plans for Canada on ice
Honda has postponed its electric vehicle supply chain plans in Canada for at least two years, citing weakening EV demand and mounting global trade tensions. The move accompanies a sharp 59% profit decline forecast for fiscal 2026. Read more…
Tesla to resume shipping parts from China to US for Cybercab, Semi production
Tesla plans to start shipping parts from China to the US for the production of Cybercab and Semi trucks from the end of this month, Reuters reported.
The move suggests that the de-escalation of the US-China trade war is having a direct impact on business activity.
Baidu plans to launch robotaxi service in Europe, report says
Baidu plans to launch its Apollo Go robotaxi service in Switzerland and plans to set up a local company there in the coming months.
Baidu also plans to launch Apollo Go in Turkey, according to the Wall Street Journal.
1 in 4 cars sold in 2025 will be EVs, and that’s just the beginning
More than 1 in 4 cars sold around the world in 2025 are expected to be EVs, according to a new report from the International Energy Agency (IEA). And if EVs stay on track, they could make up over 40% of global car sales by 2030. Read more…
