Tag

Electric Vehicles

All articles tagged with #electric vehicles

business19 hours ago•2 min saved

VW trims model lineup as sales slump deepens, hit by China

Volkswagen posted a 8.6% Q2 sales drop to about 2.1 million vehicles, with China down more than a third, as it announced a plan to cut its model lineup by up to half to reduce complexity and overcapacity. Core VW deliveries fell about 14%, Audi down 8%, and Porsche down 18%, while Lamborghini, Skoda and the trucks unit rose. The move comes amid geopolitics, tariffs and regulatory pressures, prompting skepticism from analysts and protests at the Zwickau plant where production has shifted to EVs.

via ABC News - Breaking News, Latest News and Videos|

#automotive-industry #business #china

technology1 day ago•6 min saved

California subsidies edge Tesla out as SpaceX absorbs xAI into SpaceXAI and Europe expands Giga Berlin battery output

California's new $135 million EV incentive with a $50,000 cap and a state-manufacturer exemption tilts eligibility toward Rivian and Lucid, sidelining Tesla; SpaceX completes the absorption of xAI, rebranding as SpaceXAI to pursue orbital AI compute centers; Tesla counters with the JUNI x Tesla Battery Cell Giga Challenge in Europe, inviting startups to bring working battery-prototyping solutions to Gigafactory Berlin, backed by a $250 million investment to scale 4680-cell production to 18 GWh and create about 1,500 jobs.

via Teslarati|

#ai #california #electric-vehicles

politics1 day ago•4 min saved

Tiny Fiat EV Sparks Big Debate on America’s Affordability Fix

A satirical critique of Transportation Secretary Sean Duffy’s push for Fiat’s Topolino—an ultracompact low-speed vehicle—arguing it caters to elites in gated communities rather than ordinary Americans, highlighting its 25 mph limit, limited range, private-property driving, and long charging time as impractical for addressing the affordability crisis.

via Jalopnik|

#affordability #electric-vehicles #elitism

business3 days ago•18 min saved

Rivian slides after announcing 75M-share offering and Q2 revenue preview

Rivian (RIVN) stock fell after the company announced a 75 million-share offering of Class A common stock, with underwriters able to buy up to 11.25 million additional shares, potentially raising about $1.5 billion (up to roughly $1.7 billion with the overallotment). Proceeds will be used for general corporate purposes including equity contributions tied to its DOE loan for the Georgia manufacturing plant. The company also preannounced Q2 revenue of about $1.55–$1.65 billion, up from $1.30 billion a year earlier, driven by higher deliveries but offset by lower average selling prices due to a higher mix of commercial vans; cash, cash equivalents, and short-term investments were around $5.3 billion as of June 30. Rivian reported Q2 production of 12,613 vehicles and deliveries of 12,194, and lifted full-year 2026 delivery guidance to 65,000–70,000 vehicles; full Q2 results are due after the bell on July 30.

via Yahoo Finance UK|

#business #electric-vehicles #equity-offering

business5 days ago•0 min saved

EU slaps tariffs on China-made EVs over subsidy advantage

The European Commission announced new import tariffs on Chinese battery electric vehicles on July 4, 2024, after determining Chinese manufacturers benefited from state subsidies, in an effort to level the playing field for European automakers.

via Nikkei Asia|

#business #china #electric-vehicles

technology6 days ago•3 min saved

BYD Seal 08 roars into market with 65k orders in 30 hours and 694-hp AWD

BYD launched the Seal 08 flagship sedan at 196,900 yuan with 800-volt charging, DiSus-A air suspension and a 905 km CLTC range powered by a 694 hp dual-motor AWD that does 0–100 km/h in about 3.3 seconds. In just over 30 hours, cumulative orders reached roughly 65,000 (including 40k blind bookings since June 12 and 25k new orders), with most buyers choosing pure-electric variants while hybrids fill remaining demand. Production capacity sits at 8,000 vehicles per month, with double-shift runs and a 2–3 month wait for popular trims; BYD is expanding Blade battery lines to meet demand amid ongoing battery-supply constraints.

via CarNewsChina.com|

#battery-supply #byd #china-ev-market

technology6 days ago•6 min saved

Ford’s $30K EV Truck Stacks Up Against an Expedition in Spy Shots

Ford is testing a new sub-$30,000 electric pickup on its in-house Universal EV platform, using a cost-efficient LFP battery to meet the target price. Spotted in Dearborn beside an Expedition, the compact truck appears very small with a notably low roof aimed at maximizing range, aided by aerodynamic bits like a sloped windshield, aero tires, a roof spoiler, and wheel covers that Ford says boost efficiency by about 15% versus rival pickups. The architecture emphasizes weight and parts reduction, including a lighter 48V system and a large infotainment display inside. Ford has not revealed motor or battery specifics yet, and while a 2027 debut is expected, a Ranchero revival has been speculated but not confirmed.

via Carscoops|

#aerodynamics #electric-vehicles #ev-truck

business6 days ago•4 min saved

Can the US close the EV affordability gap before China takes the lead

America’s EV transition faces an affordability squeeze even as Slate Auto launches a $24,950, stripped-down pickup to compete; US new-vehicle prices jumped by about $11,000 to an average of $48,402, with under-$25k cars making up fewer than 5% of last year’s sales. Meanwhile, China is pushing cheap EVs in formats US buyers can’t access, and BYD is delivering affordable, long-range models abroad. Experts warn the US risks ceding EV leadership to Beijing unless prices come down, though there is cautious optimism that cheaper, accessible models could rekindle US adoption.

via The Guardian|

#affordable-evs #business #china-evs

business6 days ago•4 min saved

Policy Whiplash Slows U.S. EV Growth, BloombergNEF Warns

BloombergNEF’s 2026 Outlook downgrades the U.S. EV forecast due to regulatory rollbacks, including the sunsetting of the $7,500 tax credit and weaker fuel-economy rules, plus California’s emissions-oversight rollback and fewer model launches, pushing near-term EV share down to about 8.4–9% in 2026–27 and a projected 17% by 2030, though long-term gains may resume as prices drop and competition grows.

via InsideEVs|

#bloombergnef #business #california-waiver

technology7 days ago•6 min saved

UK EV Market Surges Toward 30% Share in June as Tesla Recovers

June BEV registrations in the UK rose 38% to 64,440, lifting electric vehicles to about 29.8% of 215,921 total new car registrations. The market grew 15% year over year, with Tesla up 42% as it regains European footing; BYD also grew but remains behind Tesla in the UK. Higher fuel prices and the ZEV Mandate are driving the shift toward EVs, signaling continued organic demand beyond policy incentives.

via Electrek|

#bev #electric-vehicles #market-share

business8 days ago•16 min saved

Tesla clears backlog with 480,126 Q2 deliveries, topping forecasts

Tesla reported Q2 production of 451,758 and 480,126 deliveries, well above consensus (roughly 396k–408k from Bloomberg/IR/Goldman/Morgan Stanley), effectively clearing its earlier backlog and marking ~25% year‑over‑year growth. The strong print suggests robust demand and an unwind of vehicle inventory, with analysts lifting or reaffirming 2026 targets as a result. Geographic delivery details weren’t disclosed, but the beat reinforces a more positive near‑term narrative for Tesla’s auto business.

via Yahoo Finance|

#backlog #business #deliveries

business8 days ago•6 min saved

Ford's Q2 sales fall 10% as it pivots toward bigger SUVs and EVs

Ford posted a 10.3% drop in second‑quarter U.S. sales to 549,200 vehicles and a 9.6% drop for the first half as it phases out the Escape and Corsair and faces a slump in fleet demand. The F-Series remained the top U.S. pickup and retail market share edged up to 12.3%. Ford is counting on high‑margin SUVs and the Bronco family, plus a 2027 small electric pickup on its Universal EV platform, while expecting supply to recover in the second half after aluminum‑supply disruptions.

via Detroit Free Press|

#auto-industry #business #electric-vehicles

business9 days ago•4 min saved

Tesla posts stellar Q2 rebound with deliveries well above estimates

Tesla posted Q2 2026 deliveries of 480,126 and production of 451,758, topping StreetAccount’s ~406k delivery forecast and Tesla’s own 406,024 consensus, a roughly 25% year-over-year rise and a 34% quarter-over-quarter jump. Model 3 and Model Y accounted for 467,762 deliveries (97%). The company is seeking a rebound amid competition and demand shifts, while energy storage deployments reached 13.5 GWh and SpaceX bought Megapacks to support xAI; results are due July 22 after the market close.

via CNBC|

#auto-industry #business #deliveries

business9 days ago•4 min saved

Hybrid demand drives growth amid a mixed U.S. auto sales quarter

U.S. second-quarter auto sales show a split: hybrids are outperforming non-hybrids as high gas prices and softer EV demand lift electrified models. Toyota rose about 1.1% on electrified-vehicle demand, Hyundai posted strong hybrid gains (and overall up about 4%), Honda up 8.4% on record electrified sales, and Kia up 3% with notable hybrid growth, while GM declined ~4.2% due to limited hybrids. Analysts expect industry sales to be roughly flat to slightly down, with Stellantis and Nissan posting modest gains amid a shift toward affordable, efficient models.

via CNBC|

#business #electric-vehicles #gm

business-and-economy10 days ago•4 min saved

EU tightens China stance to shield European industry

EU trade commissioner Maros Sefcovic pressed China’s Wang Wentao, warning that Europe’s market share in China is shrinking as Chinese exports to the bloc rise, and backing tougher measures such as overhauling the Cyber Security Act, an Industrial Accelerator Act prioritising EU-made goods, and sourcing-diversification rules for sensitive sectors; with July 1 duties on steel and a small-parcel customs charge looming, the bloc seeks to avoid a full-blown trade war while carmakers face job cuts amid EV competition, and Sefcovic and Wang outlined four workstreams and a joint trade-monitoring mechanism to pursue meaningful concessions.

via Al Jazeera|

#business-and-economy #deindustrialisation #electric-vehicles