The value of the global electric off-highway equipment market is expected to surpass $53.8 billion by 2032, according to a new report published by Research and Markets. The research company’s report, entitled “Electric Off-Highway Equipment Market Forecast 2024-2032,” valued the market at $13.2 billion for calendar year 2023, and forecast that it will increase to… Read more…
Canoo files bankruptcy, claiming funding shortfalls
Struggling electric vehicle startup Canoo has filed for bankruptcy and ceased all operations. The startup announced its filing for Chapter 7 bankruptcy on Jan. 17 in the U.S. Bankruptcy Court for Delaware. This will result in the federal appointment of a trustee to oversee the liquidation of Canoo’s assets and distribution of proceeds to… Read more…
Michigan State Police put first EV into patrol fleet
The Michigan State Police (MSP) has acquired its first electric patrol vehicle, joining a growing number of police departments utilizing electric vehicles. A 2024 Ford Mustang Mach-E modified for police use has been assigned to the MSP’s State Security Operations Section to be used by properties security officers at state-owned and leased… Read more…
Jeep Wagoneer S: What Do You Want To Know About Jeep’s First EV?
Jeep’s first U.S.-market fully electric product starts at $71,995, and I’m sure you have plenty of questions. Read more…
The Chevrolet Silverado EV 4WT Is A Fast-Charging Monster: ‘It’s Insane’
In this test, the recharge time is capped at just 15 minutes. But Chevy’s work-ready electric truck put on one heck of a show. Read more…
Nio forms team to research AI robot dog project, report says
Nio has assembled a team of around 20 people to research an AI robot dog project, headed by a former Momenta algorithm expert, according to local media.
Nio is now more cautious than before about this new field.
The world’s largest EV battery maker predicts another big move in Europe in 2025
CATL held a commanding lead in the EV battery market last year, accounting for over a third of global usage. The world’s largest EV battery maker expects to announce another big partnership for a new EV plant in Europe by the end of 2025. The new facility will be separate from the one announced last month with Stellantis. Here’s what we know so far. Read more…
Xiaomi SU7 outsells Tesla Model 3 in China
The electric vehicle market in China is going through a dynamic shift, with domestic manufacturers like Xiaomi gaining traction against established players. In December 2024, Xiaomi SU7 outsold the Tesla Model 3 – a significant milestone for the new entrant in the EV arena. This actually isn’t the first time the SU7 has surpassed the Model 3 in sales. In… Read more…
2025 BMW i7 electric flagship sedan carries over unchanged
The 2025 BMW i7—an all-electric version of the automaker’s flagship 7-Series, carries over to the new model year unchanged. Listed pricing even remains the same, although an increase of the mandatory destination charge from $995 to $1,175 bumps up the effective cost of an i7 somewhat. The three-tier lineup still starts with the single-motor… Read more…
General Motors Sounds The Alarm On Trump’s Tariffs
Plus, Scout issues a stern warning to VW dealers about direct sales, and the VW-Rivian bromance is heating up. Read more…
Great News! Dacia Sandero Is Going Electric In 2027
Europe’s ultra-affordable best-seller is getting an electric variant for its next generation. Read more…
CATL previews net income growth of up to 20% to RMB 53 billion in 2024
CATL’s net income in the fourth quarter is expected to be a record RMB 17 billion, an increase of 31.01 percent year-on-year and up 29.41 percent from the third quarter.
CATL expects revenue to decline by 11.20 percent to 8.71 percent in 2024 due to downward revisions in product prices in line with declining raw materials.
Xiaomi CEO shares data showing SU7 outsold Tesla Model 3 in China in Dec
In the past nine months, the monthly deliveries of the Xiaomi SU7 beat the Model 3 in China four times.
The Model 3 was fifth in retail sales in China in December with 21,046 units, while the Xiaomi SU7 was fourth with 25,815 units.
Hyundai launches electric Creta SUV in India
Hyundai Creta SUV has enjoyed decent popularity in India for quite some time, and now it has gone electric. With a starting price of just over $20,000, the Creta EV promises to make electric mobility accessible to a wider audience. This compact SUV has been a remarkable success story in India since its launch in 2015. In 2024, Creta achieved… Read more…
CATL expected to announce new European JV battery plant this year
CATL currently has battery plants in Germany and Hungary, and last month announced plans for a new joint venture battery plant in Spain with Stellantis.
CATL ranked the world’s No. 1 in the global EV battery market in January-November 2024 with a 36.8 percent share.
Tesla Sales Tumbled In Europe In 2024. But That’s Just Part Of The Story
The European car market stagnated last year, with EVs taking the grunt of the fall. However, it’s worth looking at the details. Read more…
BYD Yangwang U9 electric supercar reaches 100-unit delivery milestone
Yangwang officially launched the U9 on February 25, 2024, with the 2-seater model starting at RMB 1.68 million ($230,870).
The U9 is the highest priced model under the BYD umbrella and one of the few supercars from a local Chinese brand.
BYD Yangwang shows capabilities of U7’s body control system with rooftop maze game
Yangwang demonstrated in a video that the U7 can complete a maze game on the roof of the car through the responsiveness of the DiSus-Z body control system.
Yangwang began pre-sales of the U7 last November, with no official launch date set.
Magnesium electrolyte sparks next-generation battery design
University of Waterloo researchers have made a key breakthrough in developing next-generation batteries made of magnesium instead of lithium.
When the idea to create batteries using magnesium was first shared in a seminal academic paper in 2000, the novel design didn’t provide enough voltage to compete with lithium-ion batteries. Read more…
Trump Targets EV ‘Mandate,’ EV Charger Funding In Sweeping Executive Orders
Trump has already moved against the Biden administration’s pro-EV policies. But signing a paper only goes so far. Read more…
