Tesla is making a big U-turn on its lease strategy. The company decided it was time to let its customers buy leased EVs at the end of the contract. This is a 180-degree change, and it raises questions if something changed in the company’s autonomous driving plans. Previously, Tesla had maintained that it would not offer lease buyouts, intending to… Read more…
Thanksgiving and Black Friday Green Deals: EVs, power stations, tools, smart devices, appliances, more
Happy Thanksgiving y’all! With the holiday officially here and bellies being filled throughout the day, we’ve got our annual collection of Black Friday Green Deals coming right along with it. The savings train has long been in full swing across multiple online marketplaces, and to help out with your seasonal shopping needs, we’ve rounded up all the deals we’ve spotted into this hub for your browsing pleasure. Many of the savings you see here are the biggest of the year as prices are being slashed left and right to their lowest rates. There’s plenty of opportunities to save big bucks on eco-friendly devices, equipment, and more from your favorite brands, with EVs, power stations, electric tools, ENERGY STAR appliances, smart outdoor gear, wood-burning grills, fire pits, and more all benefitting from sales. Enjoy all that we’ve collected here for you today, but don’t sit on decisions too long, there’s no telling how long stocks or these prices may last. Read more…
Fortescue orders XCMG electric mining equipment worth $400 million
Australian mining company Fortescue has awarded another major contract for electric vehicles, this time to Chinese engineering company XCMG (Xuzhou Construction Machinery Group). Read more…
Gogoro expands to Chile
Gogoro has entered Chile, expanding its presence in the Latin American region. The company has partnered with Copec Voltex, the electric mobility division of local company Copec, to manage its operations there. Read more…
2025 Lexus RZ price cut by $11,200 with new entry-level grade
The 2025 Lexus RZ electric crossover is now $11,200 less expensive than last year thanks to a new entry-level grade. In this nameless trim level, the single-motor front-wheel-drive RZ 300e costs $43,975 with the mandatory $1,175 destination fee. That’s down from $55,175 for the 2024 RZ 300e Premium grade, which was the entry-level version for… Read more…
Valeo uses SiC module from Rohm for electric drives
Valeo and Rohm Semiconductor are working together on the next generation of power modules for electric motor inverters. In this context, Rohm will now provide the French drive specialist with an innovative silicon carbide module as a first step. Read more…
BYD and SAIC pressure their suppliers to reduce prices in 2025
According to industry insiders, BYD and SAIC are trying to negotiate lower parts prices from their suppliers, aiming to reduce costs by 10% starting January 2025. This indicates that the price war in the Chinese automotive industry is getting serious. The report from BYD stems from an email sent by the president of BYD Group and CPO of passenger cars.… Read more…
Hamburg borough of Harburg drives forward with autonomous shuttles
In the German port city of Hamburg, the public transport provider Verkehrsbetriebe Hamburg-Holstein (VHH), IAV and eVersum are developing an autonomous e-shuttle service called ‘ahoi’ for public transport in the southernmost part of the city. The project will begin in the second half of 2025, initially with five vehicles and gradually increasing to up to 20 autonomous vehicles. Read more…
USA: Orange County orders 50 zero-emission buses
California’s Orange County Transportation Authority (OCTA) will purchase 50 new zero-emission buses. The order includes 40 hydrogen fuel-cells and ten 40-foot battery-electric buses. Read more…
Tesla offers lease takeover in the US
Tesla previously did not offer lease buyouts. The carmaker always said that it wanted to keep the cars as robotaxis. Tesla is now backing down, at least in the US. Read more…
Jaguar buying back nearly 3,000 I-Pace EVs over fire risk
JLR will buy back 2,760 2019 Jaguar I-Pace electric SUVs due to a fire risk that the automaker and safety regulators have determined has not been adequately addressed in previous recalls. These vehicles—from the first model year of Jaguar’s sole EV—were included in multiple recalls to address the potential for overheating battery… Read more…
Volkswagen may axe its Tesla-inspired retail model for EVs
Volkswagen Group is radically overhauling its business strategy to save money and stay afloat, and it may axe its Tesla-inspired direct-to-consumer retail model for EVs in major European markets. Read more…
Nio Firefly: New spy shot shows body side
The spy shots of Nio Firefly’s debut model over the past few months have largely been about the front and rear, and now a new high-definition spy shot shows its side for the first time. Read more…
Cupra wants to launch in the US
Cupra is looking to come to the US by 2030. The company is exploring a partnership with Penske Automotive Group, a prominent automotive retailer, to set up its sales network in the new market. Read more…
Tesla China’s payment cycle to suppliers shortened to 90 days, exec says
Tesla China’s payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao. Read more…
Toyota behind schedule for next-generation electric cars
There appears to be a further delay in Toyota’s production plans for next-generation electric cars. The new Lexus brand battery-electric model scheduled for 2026 will not go into production until mid-2027. Read more…
Horizon unveils 400 kW fuel cell for heavy-duty commercial vehicles
Singapore-based Horizon Fuel Cell Technologies has introduced the VLS-IV fuel cell with a power output of 400 kW. The company developed the latest fuel cell for heavy-duty on-road trucks and other high-power equipment. Read more…
Zeekr launches 009 MPV, opens 500th global store in Singapore
Zeekr has launched the Zeekr 009 in Singapore, its second model there after the Zeekr X. Its first store in Singapore is the 500th in the world. Read more…
Volkswagen reviews its sales model
The Volkswagen Group is taking a closer look at its sales model in selected European markets. Although direct sales with a ‘Full Agency’ remains the German carmaker’s long-term goal, there could be a return to traditional sales in the short and medium term. Read more…
Xpeng sees 10,000th P7+ roll off line, 20 days after launch
Xpeng said its plant is in full swing to expand capacity. Read more…
