Jennifer Mossalgue

China’s Xiaomi has reported a 30.5% growth in third-quarter revenue for its EV business, with the company also bumping up its yearly delivery target for the SU7 series EVs to 130,000 units.

China’s powerhouse BYD looks to soon outperform Ford in terms of annual shipments this year, which would be a major milestone for the company, placing it firmly in the ranks as a top 10 automaker globally, Bloomberg reports.

Following the news of sweeping cuts at Volkswagen, Nissan, and Stellantis, now VW-owned Audi announced plans to slash its workforce by 15%, with thousands of jobs on the chopping block.

Canada has secured more than $50 billion in EV-related investment over the past three years, all gearing up for US demand, with Canada’s economy “deeply intertwined” with the US – but Trump may throw a major wrench into the plan.

Finally, Bentley says it has found the winning formula to giving an all-electric vehicle the Bentley stamp of approval. It’ll scream luxury and likely cost a bloody fortune.

Nissan is in full-scale emergency mode to save itself: the automaker is cutting 9,000 jobs, slashing production capacity, and selling off its stake in Mitsubishi Motors. The CEO is also reducing his own salary by half.

BYD has decided to stall its plans to enter Canada, deterred by the country’s 100% federal tariffs on EVs imported from China. But here’s how BYD will likely make the move to enter the US or Canada anyway.

What’s the Trump effect on the EV market? Depends: Smaller players like Rivian and Lucid are potentially at risk, while Tesla has the scale, profitability, and Trump connection to make it work, despite major shifts that are sure to come. Here’s the scoop on how a second Trump term may play out among automakers:

A few years back, General Motors had to recall 142,000 Bolts in a major fiasco due to fire risk. This time around, however, just a small number of Bolts are being recalled, only 107. But the risk of fire is deemed high – according to the NHTSA – if these vehicles are charged to full or nearly full capacity.

Donald Trump wins a second presidential term, and BMW’s CEO Oliver Zipse came out with some quick remarks – amid what is likely panic among European automakers – that BMW will be fine because of its “very, very large footprint in the US.” Meanwhile, BMW’s profit margins hit a four-year low.  

The next European commissioner for sustainable transport drew a hard line in a hearing this week: Apostolos Tzitzikostas backs e-mobility and has no intention of watering down the EU’s plan to ban new registrations for ICE cars in 2035. Problem is, it’s not clear how he aims to make this happen.

It’s thumbs down on the BYD Atto 3, at least from Europe’s leading car safety agency EuroNCAP when rating the BEV’s driver assistance system. Meanwhile, the BMW i5, along with other European models, receives top scores.

After getting a hefty $5.6 billion in fresh capital last week, Alphabet’s autonomous driving unit Waymo is now reported to be valued at more than $45 billion.

This summer, General Motors moved its electric van company BrightDrop into Chevy to boost sales and better compete with Ford, Rivian, and others in the electric van space. And now the Chevy-branded version of the van has a new deal in place with Walmart.

Days after Volkswagen announced it was closing three factories in Germany – a first for the company – the carmaker will now officially close its Audi plant in Brussels where it makes the Audi Q8 E-Tron in a few months.

It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its auto industry from total demise. Question is, will it even matter to a powerhouse like BYD?

Xiaomi’s prototype high-performance SU7 has set a record lap time at Germany’s Nürburgring track, according to the company. The SU7 Ultra completed the grueling circuit in just six minutes and 46.874 seconds, which takes the title of the fastest four-door car on the famous track.

The US government has approved the construction of a massive new lithium mine on public land in Nevada as part of a strategy to break China’s dominance over the supply chain of critical minerals used in EVs. The mine will be a key supplier to Ford’s future EVs.

Chinese automakers are aiming to more than double their full-process manufacturing capacity outside of China, all in hopes of beating out import tariffs on Chinese-made vehicles and meeting demand for EVs, according to a report from Bloomberg.

Wayve, a well-funded London-based autonomous vehicle startup backed by Uber and Softbank, will begin testing its “Tesla-like” self-learning automated driving software in San Francisco and the Bay Area. The move marks its first on-road trials outside of the UK.

Workers describe horror scenes over at the Rivian factory in Normal, Illinois – from cracked skulls to amputated fingers to one person vomiting “Rivian blue”-colored bile after painting R1s without proper safety gear. According to a scathing new report in Bloomberg, the American-made EV maker has racked up more “serious” US safety violations than any other automaker since the start of 2023 – despite having only one plant.

Chinese smartphone maker Xiaomi’s debut into the EV universe, the SU7, has been a hit in China and is set to easily surpass production goals of 100,000 units one month early. To boost that momentum, driven by ambitions to build a global EV empire, Xiaomi now expects to complete the construction of an expansion of its EV factory in mid-2025, which should ramp up its numbers even more – at least, that’s the aim.

Researchers now estimate how much “white gold” may be found in southern Arkansas’s vast lithium reserves: up to 19 million tons, or enough to meet the projected 2030 world demand nine times over.

Mercedes-Benz just opened Europe’s first battery recycling plant using an innovative process that the automaker says enables recycling rate to more than 96%, all in-house and ready to be used in future Mercedes EVs.