Nio (NYSE: NIO) reported significantly lower revenue for the first quarter, as it navigated a traditionally weak quarter in a challenging environment. The company reported revenue of RMB 9.91 billion ($1.37 billion) in the first quarter, missing analysts’ expectations of RMB 10.75 billion in a Bloomberg survey, according to its unaudited financial report released today. Read more…
Hongqi to launch EH7 electric saloon in Europe in 2024
The car brand Hongqi, which belongs to the Chinese state-owned company FAW, is bringing its EH7 electric saloon to Europe this year. According to sales partner Hedin, the sales launch is planned for the third quarter and first deliveries will follow in the fourth quarter. Read more…
Polestar plugs into Nio’s charging network in China
Polestar now has access to more than 2,200 Nio charging stations, including more than 11,000 charging stalls. Read more…
Volvo EX90 production starts in South Carolina
Volvo Cars has started production of the EX90 and plans to begin delivering it in the second half of the year. The company builds the new electric SUV at its US factory in Ridgeville, South Carolina. Read more…
Archer FAA-certified to begin commercial aircraft operations
Stellantis-backed Californian electric air taxi developer Archer has received certification from the US Federal Aviation Administration (FAA) to begin commercial flight operations. Read more…
Third Nio plant approved in China
Chinese EV manufacturer Nio has received the go-ahead to establish its third domestic EV factory. The new plant could allow it to make one million EVs in China annually. Read more…
Nio changes strategy on 3rd brand Firefly, 1st model to debut in China instead of Europe, report says
Firefly’s first model will make its debut in China, possibly at the end of this year, before launching in Europe in the first half of next year, according to local media. Read more…
Stena Recycling to open battery value chain hub in Norway
Stena Recycling has announced what it says is Europe’s first complete and scalable value chain for the reuse and recycling of electric car batteries. The project is to be implemented in collaboration with technology company EV HUB at Stena’s new facility in Ausenfjellet, Norway and is scheduled for completion in the summer of 2024. Read more…
Xpeng appoints European design veteran who had worked at BYD, Changan as VP of design
Xpeng appointed JuanMa Lopez as vice president of design, saying he will drive the evolution and upgrade of the company’s design style. Read more…
Here are the best electric bikes you can buy at every price level in June 2024
I’ve spent countless hours here at Electrek doing detailed hands-on testing of hundreds of electric bikes. Through thousands of miles of riding, I’ve learned these e-bikes inside and out, top to bottom and front to back. That dedication to real-world e-bike testing has helped me find the best electric bicycles on the market for just about any budget.. Read more…
The US installed more solar in Q1 2024 than it did in all of 2018
In Q1 2024, the US saw the largest quarter of solar manufacturing growth in its history, bringing its total installed capacity to 200 GW. Read more…
Global EV battery market share in Jan-Apr 2024: CATL 37.7%, BYD 15.4%
CATL continued to be No. 1, but with a slight decrease in share from Jan-March. BYD remained in second place and increased its share. Read more…
Mercedes-Benz to adopt smart driving solution from Chinese startup Momenta, report says
Mercedes-Benz’s all-electric CLA model will be equipped with a high-level intelligent driving solution from Momenta that does not rely on high-definition maps, and will be capable of pilot assisted driving in urban areas, according to local media. Read more…
Nio seeking cost reduction advice from partners
Nio is looking to its partners for cost-cutting advice, saying their expertise and industry experience will be important in meeting its cost-cutting goals. Read more…
Virginia’s republican governor launches idiotic culture war against clean air
Virginia’s republican governor says he wants to violate Virginia law to pull the state out of the California Air Resources Board’s clean car regulations, consigning his state to a costly and burdensome future full of pollution and high fuel prices. Read more…
Kia EV3, a bunch of Volvo news, peak oil, Lectric e-bikes, and electric outboards
Kia’s opened the order books on its new, affordable EV3 electric car, Volvo has a bunch of news for car enthusiasts and equipment geeks alike, we might be past peak oil, e-bikes are hot sellers, and Scooter Doll checks out some electric outboards from Mercury Marine. All this and more on today’s Quick Charge. Read more…
Honda to invest $65 billion in EVs over 7 years
Honda, like its larger compatriot Toyota, is a former environmental leader turned laggard. However, in both cases, we’ve been seeing indications that a new, slightly more EV-friendly strategy may be in the offing. Honda recently announced new investment of 10 trillion yen ($65 billion) in electrification, saying that it expects demand for battery EVs to… Read more…
Which upcoming Volvo EV are you more excited about?
First drive with Mercury Marine’s electric Avator motors: A smooth, quiet ride (for small boats) [Video]
A major name in marine mobility is dipping its toe into all-electric motors – Mercury. The noted developer of marine technologies has launched its five initial outboards under its new Avator lineup of all-electric motors, and I got the chance to test each of them out in Charleston, South Carolina. Be sure to check out the video below to see just how quiet these electric motors truly are. Read more…
Finland’s Kempower just opened a DC fast charger factory in North Carolina
Finnish EV charger manufacturer Kempower officially opened its first US DC fast charger factory in Durham, North Carolina. Read more…
