The placing price is HK$335.2 per share, a 7.8 percent discount to BYD’s closing price of HK$363.6 on March 3 in Hong Kong.
BYD will raise HK$43.5 billion ($5.6 billion) through the issue of new shares for R&D investment, overseas business development.
Rivian will allow some EV owners to upgrade their R1S or R1T to unlock more range and power through an upcoming software update. The update unlocks your vehicle’s full potential and even includes a new “Rally mode,” but it won’t be free. Read more…
Tesla chairwoman Robyn Denholm has sold another $33 million worth of Tesla stock (TSLA) as she lets Elon Musk destroy the company’s brand. Read more…
Costco’s Auto Program recently introduced some new member-only incentives, and the 2025 Volvo EX90 BEV is now on its list. Read more…
Is Ford’s electric pickup in trouble? Sales have been down for months, and February showed no relief. What’s going on with the Ford F-150 Lightning. Read more…
Tesla has acquired some of the assets of German automation engineering firm Manz, which recently filed for bankruptcy protection. Manz is “a multinational engineering company active in the fields of automation, laser processing, metrology, wet chemistry and roll-to-roll processing.” Tesla subsidiary Tesla Automation, which was itself created by the acquisition of German engineering firm Grohmann… Read more…
The team behind the feat says experiments like this will help make autonomous cars safer at regular speeds, too. Read more…
Protesters lined up NYC streets in frigid weather to express their growing frustration with Elon Musk’s role in the government. Read more…
Peter Rawlinson was the Chief Engineer behind Tesla’s Model S. In 2016, he helped to launch Lucid Motors, and he became the company’s CEO in 2019. (See our in-depth Q&A with Mr. Rawlinson.) Now Lucid has announced that Rawlinson has stepped down as CEO, and will transition to the role of Strategic Technical Advisor to… Read more…
RIZON, Daimler Truck’s North American electric truck brand, which launched in Canada in 2024, recently made its first delivery in that country to Villamar Construction in Victoria, British Columbia. The dump body truck is to be used in the company’s various building projects. RIZON will deliver 18 additional units in the near future to customers… Read more…
Hyundai and Kia likely won’t have solid-state batteries ready for electric vehicles before the end of the decade, an executive said in an interview with Automotive News published Thursday. “I don’t think we can commercialize these batteries before 2030,” Spencer Cho, head of global product planning for Kia, said Feb. 24 at the automaker’s EV Day… Read more…
An even smaller, lower-priced Kia EV is on the way. With the growing demand for more affordable EVs, Kia wants to be the one to offer them. Kia said we may even see it at its next EV Day. Here’s what we know about what will likely be called the Kia EV1 when it arrives. Read more…
Kicking off this week’s Green Deals are two big sales events from two of our favorite brands, with the first being EcoFlow’s Spring Sale that is seeing up to 59% being taken off power station units, like the DELTA 2 Portable Power Station that comes with two 100W solar panels and an 800W alternator charger for a new $854 low – as well as offering extra savings, free gear, and more. Right behind it is Lectric’s Spring Forward sale that has up to $762 in free gear accompanying e-bike purchases, with a fully-loaded package ($762 value) on the XPedition 2.0 26Ah Dual-Battery Cargo e-bike at $1,799, among others. We also spotted Segway’s Navimow H Series Robot Lawn Mowers getting $600 off once more and starting from their $1,299 low, as well as the return of Anker’s PowerCore Reserve 60,000mAh Power Bank Station to $90, but this time without the limited Lightning deal stock. Plus, all the other hangover Green Deals from last week are in the links at the bottom of the page, rounded up in our Electrified Weekly coverage from over the weekend.. Read more…
Global offshore wind is gearing up for a comeback in 2025, with new capacity additions expected to hit 19 gigawatts (GW) and spending projected to soar to $80 billion, according to Oslo-based independent energy research firm Rystad Energy. That’s a big rebound after a sluggish end to 2024 when new installations dropped to around 8 GW – 2 GW lower than in 2023. Read more…
Tesla owners are finding creative ways to distance themselves from Elon Musk. They are now removing Tesla logos from their vehicles, replacing them with badging from other automakers, and even using projections on a Cybertruck in one case.. Read more…
Tesla has grand ambitions to become an AI giant. But that relies on its core automotive business, which appears to be in serious trouble. Read more…
Increasingly accurate battery emulation is transforming how automotive companies validate their BMS, ensuring electric vehicles meet performance and safety standards. By integrating advanced tools like the xMove platform, engineers can emulate real-world conditions, such as voltage, current, and temperatures using a cell monitoring unit (CMU) and hybrid emulation modes. Join this webinar at next week’s… Read more…
Lyten, which is developing lithium-sulfur battery manufacturing, has signed agreements with California Sulphur at the Port of Los Angeles and a Port of Stockton company for the supply of domestically sourced, industrial-grade sulfur for its manufacturing facilities in San Jose and San Leandro in California as well as its recently-announced gigafactory in Reno, Nevada. Lyten… Read more…
Xiaomi continues to see remarkable success with its SU7 line of electric cars. The SU7 Ultra, the high-performance variant of its flagship sedan, might have shattered initial sales projections, but its non-performance sibling is breaking sales and delivery records, month after month. The SU7 has kept a steady delivery rate, with over 20,000 units hitting the road every month for… Read more…
Mercedes-Benz on Monday announced that its upcoming electric van concept will be called the Vision V. We’re still far away from the debut of this concept, which is expected to be revealed later this spring, but Mercedes has already teased that the Vision V will preview its Van.EA modular architecture for future electric vans. The first vans based… Read more…
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