The Polestar 4 initially launched as a China-first EV and is the company’s third electric car. Following the start of production and the first deliveries in China in late 2023, online sales in Europe are now open with configurators raking up prices. Read more…
Nissan wants to reduce manufacturing costs for LFP batteries
Nissan is said to be considering equipping electric cars produced for emerging markets with cheaper LFP cells from 2026. To this end, the Japanese company is currently sounding out partnerships with several battery manufacturers. Read more…
Genesis U.S. EV Sales Quadrupled In 2023
Roughly one in every 10 cars the brand sold last year was an EV. Read more…
UKIB boosts the second British battery factory by Envision AESC
The UK Infrastructure Bank has granted battery cell manufacturer AESC a loan of £200 million (€234 mn) for its factory in the North East of England. The bridging loan will support the 15.8 GWh gigafactory in Sunderland, right next to Nissan. Read more…
Smart takes aim for the sedan segment with the #6
Smart wants to expand its range of electric cars to include other body shapes and apparently enter the saloon segment with the #6. According to a Spanish media report, the market launch of the #6 in Europe is planned for 2027. Read more…
BMW to release new drive options for the i5 & iX2
From March, BMW will be offering an additional drive variant for both the all-electric i5 and iX2 models. In the case of the i5, this is the new i5 xDrive40 with all-wheel drive, while the iX2 range will be supplemented by a front-wheel drive model. Read more…
Hyundai & BAIC want to establish a new EV brand for China
Hyundai continues to struggle with its China strategy: according to a media report, the Korean car manufacturer has reconsidered its electric car plans for the world’s largest market. A new electric car brand planned in cooperation with BAIC is now apparently to be launched. Read more…
DNTA, Volvo Trucks and Navistar to push for heavy-duty chargers
A mighty coalition is forming in the USA to advance charging infrastructure for commercial vehicles. Daimler Truck North America, Volvo Group and Navistar established a lobby organisation called Powering America’s Commercial Transportation (PACT). Read more…
BYD signs preliminary land purchase deal for its NEV plant in Hungary
BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years. Read more…
China NEV retail sales at 596,000 in Jan 1-28, down 24% from same period last month
China’s passenger NEV retail sales stood at 596,000 units in January 1-28, up 92 percent from a year earlier but down 24 percent from a month earlier, data from the CPCA showed. Read more…
Xiaomi to begin mass production of its 1st EV model in Feb, output expected to reach 10,000 in Jul, report says
Xiaomi EV plans to see production of the SU7 reach around 2,000 units in March and complete capacity ramp-up by mid-2024, according to local media. Read more…
Chinese lithium producers expect net profit to plunge in 2023 on falling lithium prices
Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices. Read more…
GM ‘all-in on EVs’ goes back to plug-in hybrids amid setback with its electric car plans
General Motors claimed that it is “all-in on electric vehicles” for years, but today, CEO Mary Barra confirmed that the automaker is changing strategy and going back to plug-in hybrids amid setback in its electric car plans. Read more…
Quick Charge Podcast: January 30, 2024
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. Read more…
Xpeng to start developing globally available smart driving features in 2024
Xpeng said it will begin development of globally available highway NGP in 2024 and globally available XNGP functionality in 2025. Read more…
Polestar 3 is already on sale with a massive $7,500 purchase incentive
Polestar’s first electric SUV, the Polestar 3, is expected to begin rolling out in the US in the next few months. Ahead of its debut, Polestar is already offering a massive $7,500 purchase incentive on the new electric SUV.. Read more…
Elon Musk’s $55 billion Tesla CEO compensation gets voided by judge
A Delaware judge has sided with Tesla shareholders who filed a lawsuit claiming that Elon Musk unjustly secured a $55 billion CEO compensation plan. The plan is now voided by the court.. Read more…
Oxford claims the world record for solar panel efficiency
Oxford PV, a spin-off from the University of Oxford, says it’s achieved the world record for the most efficient solar panel. Read more…
BMW to launch third all-electric i5 variant in March as a dual motor 2025 model
BMW Group recently shared a spring update to its growing line of EVs, which now includes a new all-wheel drive variant of the i5. The BMW i5 xDrive40 will kick off production in March and arrive as a 2025 model-year EV, priced between the eDrive40 and M60 variants. Read more…
General Motors Is Getting Back To Hybrids, And It’s About Time
GM takes another stab at a market it once abandoned: plug-in hybrids. Can this get the automaker where it needs to go? Read more…
