Tesla is going deep into its pockets to offer discounts in order to sell its electric vehicles in China at the end of this quarter. China is Tesla’s biggest market, and its performance greatly impacts its overall financial results. Therefore, it’s important to keep a close eye on Tesla’s performance in China. Like in other […]

After new energy vehicles (EVs and PHEVs) crossed 48.2% last week in China, BYD’s CEO Wang Chuanfu said at this rate, 50% NEV share could happen in the next three months. BYD chairman predicts 50% NEV share in China sooner “The penetration rate of NEVs crossed 48.2 percent last week, and if it continues at […]

The innovative Swedish electric boat maker Candela has just announced its biggest funding round ever, reeling in €24.5M (US $26.6M). Fresh off the announcement of the first commercial user of the company’s new P-12 electric ferry, Candela is now flying closer to its goal of replacing combustion engine watercraft with efficient electric boats in both […]

Despite reports suggesting EV demand is cooling, Volvo’s new EVs, including the EX30 and EX90, are attracting Ferrari-like wait times. The head of online business at Volvo Germany, Alex Zurhausen, says customers are waiting because they have “the right products at the right time.” Volvo’s new EVs see Ferrari-like wait times After unveiling the EX90 […]

Tesla has hired an experienced semiconductor manufacturing executive to help ramp up its battery cell production. Over the last few years, Tesla has been ramping up its own battery cell production – a new business for the automaker. Tesla had unveiled a new tabless cell technology enabling a bigger cell format called 4680. The automaker […]

Leading Chinese EV automaker XPeng Motors has publicly shared plans for a new EV brand to deliver affordable, AI-driven smart cars to young consumers. Targeting China’s A-class segment of EVs priced between RMB 100,000-150,000, XPeng’s new brand could help pave the way for more affordable EVs around the globe. XPeng Motors ($XPEV), although still relatively […]

US chip-making giant NVIDIA is expanding ties with several Chinese automakers, including BYD, as the race for the best software and features heats up. BYD will use NVIDIA’s Drive Thor to power its next-gen EV fleet. BYD, Chinese EV makers select NVIDIA Drive Thor NVIDIA announced the partnership with BYD during its GTC conference on […]