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.
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 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 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.
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…
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.
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.
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 has already moved against the Biden administration’s pro-EV policies. But signing a paper only goes so far. Read more…
Li Auto had 9,500 insurance registrations last week, Xpeng 9,400, Zeekr 3,600, Leapmotor 7,000 and Aito 6,100.
Onvo did not make it into any of the latest Li Auto lists and the Nio sub-brand had 1,800 insurance registrations in the previous week.
BYD Shark exported 3,410 units in December, bringing full-year 2024 exports to 11,038 units.
BYD launched the Shark in Mexico on May 14, 2024, and the pickup is already available in more markets including Brazil and Australia.
Hyundai officially launched its newest electric vehicle, the Creta Electric, in India. It starts at just over $20,000 and has a range of nearly 300 miles. The Creta EV is Hyundai’s first electric SUV made in the country. Here’s a look at the new model. Read more…
On today’s episode of Quick Charge, Southern Company’s Tom Canada talks us through the utility’s new, six-month pilot program that aims to overcome some of the perceived barriers to EV adoption by demonstrating the transformative potential of EV adoption in commercial fleets. Read more…
The new Model Y faces stronger competition than ever before, particularly from China’s EV makers, analysts say. Read more…
Kia’s fastest car (EV or gas) is getting a major upgrade. The new Kia EV6 GT was spotted in the US for the first time, and it looks like a drastic improvement from the already sporty EV. Check out Kia’s new EV6 GT in matte blue. Read more…
The Tauranga, New Zealand-based electric motorcycle maker UBCO has entered receivership, marking dim prospects for the mobility company that had only recently announced a major partnership with Australia Post. Read more…
Our Green Deals coverage this week kicks off with a short-term sale through Friday from Jackery which is seeing its Explorer 2000 v2 Portable Power Station drop to its $999 low, among other savings. Velotric has provided a second chance to hop aboard its well-rounded Go 1 Utility e-bike for a $999 low, with some notable discounts/bundle offers on other popular models. We also spotted a discount for today only on Anker’s SOLIX F3800 Portable Power Station that is taking costs to $2,449 alongside its expansion battery also seeing a one-day-only fall to $1,799. Lastly, Goal Zero’s Alta 50 Portable Fridge/Freezer is down at $550, with its larger counterpart sitting at its second-lowest rate. Plus, all the other hangover Green Deals are in the links at the bottom of the page, collected together in our Electrified Weekly roundup – and don’t miss out on the Lectric and Rad Power flash sales that are ending tonight. Read more…
BYD claims its sleek new Denza Z9 GT became the “fastest new energy luxury car” to reach 10,000 deliveries. The luxury model sold for about $52,000 on average and is headed to Europe next to challenge Porsche and BMW. Read more…
Huawei’s Maextro S800 is a behemoth of an electric sedan that has the entire Chinese automotive world excited even before its official launch. Developed as a joint venture between tech giant Huawei and automaker JAC, the S800 is the first offering from the premium Maextro brand, and it’s clearly aiming to disrupt the established order. At a staggering 5,480 mm… Read more…
Washington state-based Brokk, a manufacturer of remote-controlled demolition robots, has become a dealer for Firstgreen Industries, a company that produces electric, zero-emission, low-noise loaders. Brokk will offer Firstgreen’s electric solution for loading as well as its more comprehensive fully electric, remote-controlled job site offering achieved by pairing Brokk demolition robots with Firstgreen loaders, Brokk said…. Read more…
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