Hyundai Motor Group has announced plans to invest a total of 21 billion US dollars in the United States between 2025 and 2028. This investment aims to increase the company’s US production capacity to 1.2 million vehicles. Additionally, component manufacturing will be strengthened, including the production of battery packs. Read more…
Hyundai Motor Group expands investment in US production
Hyundai Motor Group has announced plans to invest a total of 21 billion US dollars in the United States between 2025 and 2028. This investment aims to increase the company’s US production capacity to 1.2 million vehicles. Additionally, component manufacturing will be strengthened, including the production of battery packs. Read more…
Tesla Is In Freefall In Europe. EV Sales Still Went Up In February
The long-time leader in EV sales is going down, but European buyers have a lot of options to choose from. Read more…
Neta reportedly strikes deal to turn some creditors into shareholders
Neta has reached a debt-to-equity swap agreement with 134 core suppliers worth more than RMB 2 billion ($275 million) to prepare for the resumption of production, according to local media.
Due to its high debt, potential investors want Neta to reduce its debt before they are willing to provide new investment.
Li Auto says it sold 8,600 cars last week
After suspending the sharing of weekly insurance registration data last week in response to CAAM’s call, Li Auto has resumed publishing the data, but only its own.
Li Auto’s sales last week increased 8.86 percent from the previous week’s 7,900 units.
Zeekr shares teaser video of hybrid SUV 9X, hinting at strong powertrain performance
The Zeekr 9X can accelerate from 0 to 100 km/h in less than 4 seconds, the EV maker said.
The Zeekr 9X will be officially unveiled at the Shanghai auto show in April and officially launched in the third quarter.
Trump supporter arrested at Tesla protest after using a taser [video]
A self-proclaimed Trump supporter was arrested at a Tesla protest in California after he tried to use a taser against peaceful protestors. Read more…
Peugeot asks the question: what if you built a LeMans-inspired cargo van?
Peugeot UK says its new E-EXPERT SPORT electric cargo van was inspired by the brand’s rich motorsport pedigree, and the desire to bring that racing heritage to the everyday working professional. And let’s face it, kids – if a fat-tired and bespoilered European cargo van doesn’t excite you, I don’t know what will. Read more…
Tesla’s all-time net income is still far below Elon Musk’s $55B compensation package
Tesla’s all-time accumulated net income is far below the $55 billion CEO compensation package Elon Musk is trying to secure. Read more…
Toyota’s ultra-long-range EV batteries may have just hit a speed bump
Those ultra-long-range Toyota EV batteries we were waiting for? Yeah, they might take even longer than expected. Toyota is delaying plans to build a new EV battery plant in Japan, where it was expected to begin producing its next-gen batteries with over 620 miles (1,000 km) range in 2028. Read more…
Hyundai reveals multi-billion-dollar bet to dodge Trump’s tariffs and boost EVs in the US
The South Korean auto giant has no plans to slow down in the US. To drive growth in the US, Hyundai will invest $21 billion over the next three years. The funds will help expand production, partnerships, and EV charging infrastructure in the US. Some of the investment will also be used for a new plant to produce steel for its upcoming EVs.. Read more…
Pittsburgh goes electric: inside the district’s new clean school buses
First Student has rolled out 16 new electric school buses for Pittsburgh Public Schools, thanks to first-round funding of the US EPA Clean School Bus Program. Read more…
The Volkswagen ID. Buzz Is A Crowd Magnet
People love the Volkswagen ID. Buzz so much that even the cops might pull you over just to check it out. Read more…
The New Tesla Model Y Is Excellent. It Just Has An Elon Problem
After almost 2.4 million units sold since launch, the Model Y gets a much-needed upgrade. But now, it faces its most difficult year yet. Read more…
BYD Qin L EV debuts in China as Tesla Model 3 rival at half the price
BYD has launched its new Qin L EV sedan in China, targeting young drivers with an exciting price tag and some advanced technology. Starting at the equivalent of €14,900, this electric car is part of BYD’s Dynasty series, comes in three versions, and offers a driving range of up to 545 km. Built on BYD’s e-Platform 3.0 Evo, the Qin… Read more…
BYD Hit $100 Billion. Next: An EV Factory Bigger Than San Francisco
BYD raked in $107 billion in revenue in 2024. Now it aims to pump out one million EVs annually at its city-sized production plant. Read more…
Aventon Level 2 commuter e-bike at $1,499, EcoFlow DELTA 2 at exclusive new $360 low, Anker SOLIX EverFrost 2 coolers $200 off, more
We’re starting off this week’s Green Deals by looking in on Aventon’s Spring Sale offers once again, this time focusing on the Level 2 Commuter e-bike that has dropped to $1,499 for the first time in a year. Next, we’ve secured an exclusive new low for our readers on EcoFlow’s DELTA 2 Portable Power Station that drops costs to $360, with a separate collection of EcoFlow Spring Sale flash offers running through the rest of the day, led by the DELTA Max 2000 Portable Power Station at $899, along with two others. Lastly, Anker has added its latest EverFrost 2 Electric Coolers (as well as extended its massive F3800 Plus savings) to its SOLIX Spring Sale lineup, with the 40L model down at $700 while the dual-zone 58L model is down at $900. Plus, all the other hangover Green Deals from last week are in the links at the bottom of the page, rounded up together in our Electrified Weekly coverage. Read more…
BYD just launched the sleek Qin L EV with its new smart driving tech for under $17,000
BYD just launched its new Tesla Model 3-sized electric sedan but at about half the cost. The sleek new Qin L EV is loaded with BYD’s “God’s Eye” smart driving tech and gets over 330 miles of driving range. Oh, and did I mention it starts at less than $17,000? Meet the new Qin L EV. Read more…
NYC’s fastest EV charging company, Revel, opens its first West Coast station
Revel, the EV charging company known for its high-speed chargers in and around New York City, started its West Coast expansion today with 12 320kW chargers in San Francisco, and more to come soon. Read more…
Eleven companies join project to demonstrate optimized battery production for EVs
Eleven companies will jointly present their battery cell production project, demonstrating a model production process to scale and optimize robot-assisted production of EV battery cells and packs. Bosch Rexroth, DBR77, EDAG, FANUC, Fraunhofer FFB, IBG, KEYENCE, Lenze, Mybotshop, SCHUNK and Vision Lasertechnik will show how different technologies interact to make production processes scalable and increase… Read more…
