CATL reported net income of RMB 13.14 billion in the third quarter, up 6.32 percent from the second quarter. It had a record gross margin of 31.17 percent in the third quarter. Read more…
Cornish Lithium opens demonstration plant in Cornwall
Cornish Lithium has opened demonstration plant for the production of lithium in Cornwall. The company aims to produce 10,000 tonnes of lithium hydroxide annually from 2027. Read more…
Tesla’s Full Self-Driving faces delays in China
Tesla’s ambitious plan to bring its Full Self-Driving (FSD) technology to China appears to be hitting a speed bump. While the electric car giant initially projected a first-quarter 2025 launch, recent reports suggest that regulatory hurdles may cause delays. Tesla’s FSD is a suite of features designed to enhance driving automation, enabling vehicles to navigate highways, city streets, and parking… Read more…
Nio partners with UAE telecoms group e& on connectivity and EV solutions
Nio has entered into a partnership with UAE telecoms group e&, paving the way for the planned launch of its models in the Middle Eastern country in the fourth quarter. Read more…
GM invests $10 million in Forge Nano
The two companies have also entered into a strategic partnership agreement to collaborate on potential applications of Forge Nano’s battery technology. The US company is working on a material coating that could improve the performance of battery cells. Read more…
Mini cuts prices of its EVs by up to 29% in China to boost sales
BMW sub-brand Mini is offering limited-time discounts of up to 29 percent on two EV models in China, just months after launching them. Read more…
VW North America boss Pablo Di Si apparently has to go
Pablo Di Si, the head of North America at VW, may be on his way out. Although the decision is not yet final, according to insiders, it will likely be made public in the coming weeks. The strategy and timetable for the launch of the US brand Scout could also change. Read more…
Iveco Bus to electrify its Annonay plant
Iveco Bus has decided to integrate the production of the electric models Heuliez GX Elec and Iveco E-Way into its French plant in Annonay this year. The models were previously only built at the Rorthais site, also in France. The new E-Way-H2 fuel cell model will also be manufactured in Annonay. Read more…
Will a consortium of investors support Northvolt?
The investment arm of the major US bank Goldman Sachs could team up with other investors to rescue the cash-strapped battery manufacturer Northvolt. Although the talks are constructive, a possible involvement would also depend on the support of other investors. Read more…
Confirmed: No financial aid for Lilium from Germany
It had already become apparent; now it’s final! The developer of electric flying taxis, Lilium, will not receive any federal funding in Germany – not from the federal government and, therefore, not from Bavaria either. The consequences for the Munich-based company are still unclear. Read more…
Nissan’s Best-Selling SUV Is Finally Going Hybrid
The Rogue will be Nissan’s first hybrid in the United States. And it can’t come soon enough. Read more…
Zeekr says cumulative deliveries exceed 350,000 units
Zeekr said its cumulative vehicle deliveries exceed 350,000 units, meaning it has delivered 10,494 vehicles so far this month. Read more…
Xpeng sees P7+ electric sedan’s 1st production cars roll off line
The first production vehicles of the P7+ rolled off the assembly line at Xpeng’s Guangzhou production facility today, with the model set to be formally launched and begin deliveries in China in early November. Read more…
Adhesives in the spotlight at December’s expo
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Adhesives & Bonding Expo Europe returns to Messe Stuttgart, Germany, on December 3-5.
The trade fair will stage over 200 exhibitors in the fields of automotive, aerospace, packaging, construction, electronics and medical devices. Read more…
Exclusive: FUELL announces bankruptcy, offers ‘cold comfort’ to stranded e-bike customers
FUELL Inc., the electric bicycle and e-motorcycle startup built largely on the name of the legendary motorcycle visionary Erik Buell, has entered into chapter 7 bankruptcy proceedings. Read more…
Chinese self-driving startup Pony AI files for US IPO
Toyota and Nio Capital-backed Pony AI plans to list on Nasdaq under the ticker symbol PONY. Read more…
Li Auto reaches milestone of 1 millionth car delivery
Li Auto reached 1 millionth vehicle delivery milestone, meaning 24,824 vehicles have been delivered so far this month. Read more…
EV or gas – which is right for you? A new tool from Ford Pro has answers!
On today’s educational episode of Quick Charge, Ford Pro cross vehicle brand manager Nate McDonald is here to tell us about a new fleet management tool that can help give fleets a better answer to that modern question: When is the right time to electrify. Read more…
FSD’s China entry could come later than Tesla’s projected Q1 2025, report hints
Tesla said last month that it expected to launch FSD in China in the first quarter of 2025, but people familiar with the matter said the rollout progress is not expected to mirror the speed as the company itself planned, according to China Daily. Read more…
Lexus is offering a generous up to $21,850 in lease cash on the RZ electric SUV
Lexus is giving you a massive new incentive to try out its all-electric luxury SUV. Through a new deal this month, Lexus is offering up to nearly $22,000 in lease cash on 2024 RZ models. Read more…
