Tesla’s third-quarter earnings report is out, showing revenue was slightly short of expectations, but profitability was great. Tesla raked in $25.18 billion, compared to the anticipated $25.4 billion, but it made $2.17 billion in net profit, significantly above the analysts’ consensus. The record gross margin of 19.8% was the most significant contributor. Tesla’s vehicle deliveries in Q3 were also positive.… Read more…
Easelink receives million euro investment from Verbund
The Austrian energy group Verbund is investing €1.5 million in Easelink, the Graz-based developer of an automated conductive electric car charging solution called Matrix Charging. The investment is intended to support Easelink in its internationalisation. Read more…
“GenFarm Project”: Volkswagen brings e-tractors to Rwanda
Volkswagen Group Africa has initiated a multifunctional facility equipped with electric tractors to enable modern mechanized farming, ease livelihood, and boost agricultural sector revenue in Rwanda. Read more…
Stellantis tackling EV aerodynamics with $29.5M wind tunnel
Stellantis upgraded its wind tunnel to the tune of $29.5 million The upgrades focused on aero efficiency to help with EV range What used to take hours can now take minutes to change with the recent wind tunnel upgrades Stellantis on Wednesday unveiled a $29.5 million upgrade of the wind tunnel at its main research and development facility in… Read more…
Hyundai’s Drill Lance Pokes A Hole Into An EV’s Flaming Battery To Stop The Blaze
It can pierce the underbody of an EV in two minutes, which comes in handy when trying to handle a battery fire on a cargo ship. Read more…
24M supplies large automotive OEM with Li-metal cells
The US battery cell developer 24M has announced the delivery of commercial-sized lithium metal battery cells to a major automotive OEM. The company does not mention the name in its announcement, but Volkswagen has held a stake in 24M since 2022. Read more…
First Enviro100EV to start operation in Ayrshire
12 new electric midibuses from Stagecoach West Scotland have been introduced for public transportation for local communities in Ayrshire. The electric buses are the first of the Enviro100EV vehicle type to be used anywhere in the world. Read more…
This new electric cargo bike fits five people – and isn’t even that big
What’s black and yellow and has five smiling faces? A new Decathlon B’Twin F900E electric bike with four child-sized passengers riding up front. The new cargo e-bike has just launched, offering the minivan equivalent in the cargo e-bike world. Read more…
CPCA expects China’s Oct NEV retail sales at 1.15 million, above 1 million for 3rd consecutive month
In October, retail sales of passenger NEVs in China are expected to be at 1.15 million units, up 49 percent year-on-year and up 2.4 percent compared with September, according to estimates released today by the CPCA. Read more…
Sjoerd Knipping from Kia Europe: How the manufacturer wants to take the electric LCV sector by storm
Kia is looking to venture into the electric light commercial vehicle (LCV) market. With plans to launch a range of purpose-built electric vehicles, Vice President Sjoerd Knipping believes Kia is set to make waves in a competitive landscape. But can they truly electrify Europe’s fleets? Read more…
Dodge Charger Daytona receives solid-state battery for demo purposes
Stellantis plans to put a demonstration fleet of the Dodge Charger Daytona equipped with Factorial’s solid-state batteries on the road by 2026. The project is intended to provide insights into the use of the batteries under real driving conditions. Read more…
Chinese autonomous driving startup Pony AI opens European R&D center in Luxembourg
Pony AI has also entered into a partnership with Luxembourg-based mobility company Emile Weber, with the two working together to promote the development and deployment of autonomous vehicles and technologies. Read more…
Family-friendly Zeekr Mix launches in China for less than $40,000
Geely’s Zeekr brand has been busy expanding its portfolio, and after unveiling its first electric MPV earlier this year, the Mix is finally ready for orders. This innovative electric minivan launched in China yesterday with a starting price of RMB 279,900 (approximately €35,370). Although it might not be everybody’s cup of tea, the Mix reimagines the concept of a family… Read more…
Construction of the Wolfspeed and ZF semiconductor factory is on hold
The construction of the semiconductor factory planned by Wolfspeed and the German automotive supplier ZF in Saarland has been postponed indefinitely. This has now been confirmed by Saarland Minister President Anke Rehlinger. Read more…
The Volkswagen ID.7 Could Come To The U.S. Next Year–If You Want It
The swoopy liftback sedan will supposedly start at around $50,000. The question is: Would anyone buy it? Read more…
Xiaomi speeds up phase 2 EV plant construction with workers on double shifts, report says
Xiaomi’s phase 2 EV plant is expected to complete construction of the main structure by the end of this year and is scheduled to be fully built by June 15 next year, according to local media. Read more…
Northvolt likely to receive bridging aid
The struggling battery manufacturer Northvolt raised a small amount of fresh capital, which should ensure that salaries are paid at the end of this week. At the same time, talks about a larger support package are continuing behind the scenes. Read more…
CATL launches Freevoy battery for hybrid cars that can offer over 400 km range
CATL has launched the Freevoy battery for hybrid vehicles, which offers a range of more than 400 kilometers and supports 4 C fast charging, allowing hybrid vehicles to deliver a BEV-like experience. Read more…
Uber is offering customers rides in the Lotus Eletre for a chance to win free rides for a decade
To promote emissions-free rides in the UK, Uber has teamed up with Lotus to deploy a fleet of the latter’s Eletre Hyper EVs around London. Now through the end of November, London commuters can book a ride in an Eletre by selecting Uber Green in their app. Better yet, the rider who saves the most emissions will win free Uber Green rides for the next ten years. Read more…
Xpeng to hold annual tech day event on Nov 6
Xpeng will hold this year’s tech day event on November 6, changing from its regular practice of holding the event on October 24 each year for the past five years. Read more…
