GM is preparing to launch a new electric vehicle offensive in Latin America’s largest auto market. Chevy’s Blazer EV will spearhead a new EV campaign in Brazil as GM looks to counter BYD and other surging Chinese EV makers in the region.
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Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising. For questions or comments, you can email him at Peter@electrek.co. You can also follow him on Twitter @EVPeteJohnson.
BYD’s first electric supercar enters production: Ferrari beware
BYD is best known for its low-cost electric cars, but that hasn’t stopped the Chinese EV maker from taking on new markets. Its latest: luxury electric supercars. BYD’s first electric supercar, the Yangwang U9, has entered production ahead of deliveries later this summer.
Expand Expanding CloseKia launching its most affordable EV3 in the UK this week, starting at $42,000
Kia’s new EV3 is making its way overseas. Kia UK announced it will open EV3 orders this week, its most affordable EV, starting at $42,300 (£32,995).
Expand Expanding CloseRivian (RIVN) and Volkswagen win approval from German authorities to form joint venture
Rivian (RIVN) and Volkswagen received the green light from German authorities to form a new joint venture. With “no series competition problems” to worry about, the German Federal Cartel Office approved the Rivian/VW partnership on Monday.
Expand Expanding CloseFord compares new low-cost EV platform to Rivian and Tesla, says rivals will turn to China
Ford is betting on smaller electric cars as the future. Its “Skunkworks ” team is not so small, and now that the cat is out of the bag, we are learning more about Ford’s new affordable platform. Ford CEO Jim Farley compared its new low-cost EV platform to Rivian and Tesla. However, Farley suggested Ford’s could be even better and cheaper.
Expand Expanding CloseRivian tops the most satisfying US auto brands, but it doesn’t count
California-based EV maker Rivian (RIVN) was the most satisfying US auto brand, according to the 2024 JD Power US Automotive Performance, Execution, and Layout (APEAL) study. Although it had the highest rating, since Rivian didn’t meet the criteria, it was not officially ranked. Here’s why buyers love up-and-coming EV brand.
Expand Expanding CloseToyota plots new EV battery plant to fend off incoming BYD, low-cost Chinese EVs
Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. The factory will strengthen Toyota’s EV supply chain while supplying batteries for its luxury Lexus brand.
Expand Expanding CloseCheck out Kia’s sporty new EV3 GT-Line [Video]
It may be small, but Kia’s new EV3 GT-Line has a big presence on the road. Hyundai gave us a closer look at the sporty electric SUV driving on domestic highways. From the first look, the EV3 GT-Line appears nimble and quick. Check out the new video below.
Expand Expanding CloseAcura undercuts Cadillac Lyriq, Chevy Blazer EV after slashing ZDX rates
Which luxury electric SUV would you choose, the Acura ZDX or Cadillac Lyriq? After slashing financing rates, the Acura ZDX may be a better buy than the Cadillac Lyriq or Chevy Blazer EV. With up to $7,200 off a fully loaded ZDX, Acura looks to take a piece of the EV market.
Expand Expanding CloseIs Volvo backing down from its promise to go all-EV by 2030?
Volvo’s EV commitment is in question after CEO Jim Rowan’s recent comments. As one of the first automakers to announce plans for an all-electric lineup, Volvo was viewed as a first mover. Here’s why Volvo may be backing off its all-EV promise by 2030.
Expand Expanding CloseHyundai caught benchmarking Ford’s F-150 Lightning: Is an electric Kia pickup on the way?
Is an electric Hyundai or Kia pickup on the way? Ford’s F-150 Lightning was recently spotted with Korean test plates near Hyundai’s facility, fueling speculation that an EV pickup may be closer than expected.
Expand Expanding CloseHyundai to plug demand gap with hybrids but still sees EVs as the future
After electric car sales fell nearly 25% in the second quarter, Hyundai will lean on hybrids to boost growth. Despite a short-term “Chasm,” Hyundai expects EVs to lead long-term growth. As such, the company is doubling down on its IONIQ lineup and new low-cost EVs like the Casper Electric (Inster EV overseas).
Expand Expanding ClosePorsche teases first Cayenne Electric prototypes [Images]
The all-electric Porsche Cayenne is on its way. Porsche confirmed the next-gen Cayenne will be electric. Meanwhile, Porsche plans to keep hybrid and gas models around a while longer. Porsche gave us a sneak peek as the first Cayenne Electric prototypes hit the road for testing. Check it out below.
Expand Expanding CloseFord misses Q2 earnings by a wide margin as EV losses reach $2.5 billion in 2024
Ford (F) released its second-quarter earnings on Wednesday. Although Ford beat top-line expectations with revenue up 6%, it missed Q2 2024 earnings expectations by a wide margin.
Expand Expanding CloseChevy’s Equinox EV just got even more affordable to lease
Chevy’s new all-electric Equinox is already on sale. With new incentives, the 2024 Chevy Equinox EV is now cheaper to lease than the gas-powered model despite its MSRP being nearly $12,500 more expensive.
Expand Expanding CloseKia’s new EV6 GT will pull features from Hyundai’s electric sports car
The affordable Kia electric sports car is getting an upgrade. In addition to a design makeover, Kia’s new EV6 GT will gain features from the Hyundai IONIQ 5 N.
Expand Expanding CloseBYD surges overseas: Can it steal back the EV sales crown from Tesla?
BYD is making a strong push overseas as it expands into new markets. With sales surging in China, Southeast Asia, Japan, Brazil, Mexico, and other key markets, will it be enough for BYD to take back the EV sales crown from Tesla? New research suggests it could happen sooner than expected.
Expand Expanding CloseRivian’s (RIVN) legal battle with Tesla just got more interesting
The legal battle between Rivian (RIVN) and Tesla got much more interesting. Rivian’s request to dismiss Tesla’s lawsuit was denied by a California state judge on Tuesday, paving the way for trial.
Expand Expanding CloseRivian CEO spills the tea on why Ford, Mercedes tie-ups fell through
It wasn’t too long ago that Rivian and Ford were expected to build EVs together. Then, Rivian and Mercedes-Benz announced plans to produce electric vans. Although both fell through long ago, Rivian CEO RJ Scaringe recently spilled the tea on why the tie-ups really failed.
Expand Expanding CloseVolkswagen hopes new Scout EV pickup and SUV, Rivian tie-up will attract US buyers
Can Volkswagen double its US market share by 2030? That’s the plan. VW will lean on new EVs, including a Scout-branded electric pickup and SUV, and its new Rivian partnership to charge up sales.
Expand Expanding CloseHyundai’s IONIQ 6 is due for an upgrade: Here’s what to expect [Video]
Hyundai’s electric fastback is already due for a refresh. The new Hyundai IONIQ 6 upgrade will feature a design overhaul (inside and out), faster charging, and even more range. Check out the video below for a sneak peek at the changes.
Expand Expanding CloseJeep to challenge Rivan, Tesla Cybertruck with the Gladiator EV pickup
Jeep plans to launch the electric Gladiator we’ve been waiting for. Although it won’t hit the market for another few years, Jeep hopes the Gladiator EV can fend off top-selling rivals like Rivian’s R1S and R1T and Tesla’s Cybertruck. Here’s what to expect from the electric Jeep pickup.
Expand Expanding CloseGM claims its next cycle of EV growth is coming, but when?
After beating top and bottom line estimates in the second quarter, General Motors (GM) raised FY guidance for 2024. With “encouraging” early sales results in Q2, GM is preparing “to unleash the next cycle of EV growth.” This includes scaling Chevy Equinox EV production while launching new GMC and Cadillac EVs.
Expand Expanding ClosePorsche scales back 80% EV goal by 2030 amid falling sales, shifting market
Porsche is backing off its goal of 80% EV sales in 2030. Although it could still happen, Porsche said the target was too ambitious and the transition “will take longer than we assumed.”
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