BYD’s new Yangwang U9, its first electric sports car, was caught racing around the Nurburgring this week. With four electric motors and over 1,200 hp, the new EV supercar will leave Ferrari in the dust.
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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.
Toyota to unveil first ‘full’ self driving EV next year as it chases Tesla
As it looks to close the gap with Tesla and other EV tech leaders, Toyota is set to unveil its first EV with an advanced self-driving system. Toyota’s joint venture, GAC Toyota, confirmed it’s launching an EV with Tesla Full Self Drive-like capabilities next year in China.
Expand Expanding ClosePolestar (PSNY) stock slides as losses widen, will new EVs boost sales?
EV maker Polestar’s (PSNY) stock is down Friday after reporting 2023 results. Can Polestar’s new electric models help turn things around as losses rise? The report comes as the first Polestar 3 buyers received their electric SUVs this week.
Expand Expanding CloseJeep says a $25,000 Renegade EV is coming to the US, but can it deliver?
Rugged SUV maker Jeep officially announced plans to launch a Renegade EV in the US for under $25,000. However, industry experts believe the low starting price point may be hard to hit. Can Jeep deliver an electric Renegade for under $25K?
Expand Expanding CloseGenesis reveals new Electrified G80 with more range, space, and style
Luxury automaker Genesis revealed the new Electrified G80 at the Busan International Mobility Show (BIMOS) on Thursday. The updated luxury EV features a bigger battery for more range. Meanwhile, Genesis touched up the design for a more classy and sophisticated look. Check it out below.
Expand Expanding ClosePolestar launches new lower-priced Polestar 3 as first models reach customers
Polestar introduced a new, lower-priced Polestar 3 model on Thursday to intensify the competition with Tesla and Porsche. The new model comes as the first Polestar 3 customers received their electric SUVs.
Expand Expanding CloseRivian (RIVN) reaffirms 57K production guidance, gross profit in Q4 2024
EV maker Rivian (RIVN) reaffirmed its plans to build 57,000 vehicles this year during its 2024 Investor Day. More importantly, Rivian still expects to achieve a positive gross profit by the end of the year.
Expand Expanding CloseRivian (RIVN) talks R2, cost-cutting, and more during 2024 Investor Day: Here’s the latest
At its first Investor Day on Thursday, Rivian gave several insights into the EV maker’s future. CEO RJ Scaringe explained how Rivian’s software-defined EVs, built from the ground up, and other in-house tech are evolving for its next-gen vehicles.
Check out the latest from Rivian’s 2024 Investor Day below.
Expand Expanding CloseFord finds a new home to develop affordable electric vehicles
Ford has officially chosen Long Beach as its new home to develop its next-generation EV platform. The new headquarters will be where Ford’s “Skunkworks” team will build its affordable next-gen electric vehicles.
Expand Expanding CloseVolvo delays low-cost EX30 deliveries in the US until 2025
Volvo’s cheapest and smallest EV won’t arrive in the US until next year. Volvo announced it’s delaying the EX30 launch in the US as it ramps up production in Belgium.
Expand Expanding ClosePorsche to recall over 31,000 Taycan electric cars due to a brake malfunction
The all-electric Porsche Taycan was hit with another recall. Porsche is recalling certain 2020 to 2025 Taycan models over a faulty front brake hose.
Expand Expanding CloseFord trims EU leadership as it struggles to keep pace in the shift to EVs
Ford is cutting its EU leadership team as the automaker struggles to keep up with the market’s shift to EVs. After losing its European boss to Volkswagen, Ford is reorganizing its business to get the brand back on track.
Expand Expanding CloseKia to launch affordable EV4 electric sedan next year with an ambitious production goal
With another low-cost (under $35K) electric car launching next year, Kia is setting an ambitious goal. Kia will launch EV4 production in early 2025, aiming to build 70,000 models a year to meet the demand for affordable EVs.
Expand Expanding CloseRivian (RIVN) stock surges after VW deal, ‘credible path’ for the EV maker to breakeven
After Rivian (RIVN) stock is surging Wednesday following Volkswagen’s plans to invest up to $5 billion into the EV maker. Several analysts see significant upside for Rivian’s stock price with a “credible path” to breakeven gross margins.
Expand Expanding CloseRivian is now leasing R1T and R1S EVs in 33 US states
Good news for those looking to lease Rivian’s electric adventure vehicles. Rivian (RIVN) is now leasing its R1T and R1S EVs in 33 US states after adding three more on Tuesday.
Expand Expanding CloseCATL battery successfully powers electric plane with 1,800-mile civil aircraft expected
The world’s largest EV battery maker is powering up something even bigger. CATL successfully tested a 4-ton electric plane powered by its ultra-high energy density battery. By 2028, CATL expects to reveal an 8-ton civil electric aircraft with around 1,200 to 1,800 miles (2,000 to 3,000 km) range.
Expand Expanding ClosePolestar launches new 2025 Polestar 2 with more range and a sleek style update
The all-electric fastback that started it all is getting a fresh update. Polestar launched the new 2025 Polestar 2 on Monday with more range and style than ever. Check out the first look below.
Expand Expanding CloseBYD launches $33K Seal EV to challenge Toyota in its own backyard
China’s leading automaker, BYD, is taking on Toyota in its home market. As it expands into Toyota’s territory, BYD launched the Seal EV in Japan on Tuesday, its third electric car in the country.
Expand Expanding CloseToyota takes a page from Tesla as it opens Lexus charging stations to other EVs
Despite its slow shift to fully electric cars, Toyota may be learning. Toyota announced it’s opening Lexus charging stations to other EVs in Japan, taking a page from Tesla in the US and globally.
Expand Expanding CloseRivian (RIVN) drastically cuts costs as push for first profit ramps up: What to expect in Q2
Rivian (RIVN) is learning from its past as it looks to turn its first profit. The cost of building its vehicles has “improved dramatically” as Rivian slashes costs on its path to profitability.
Expand Expanding CloseNIO (NIO) expected to hit Q2 delivery target after record 20.5K sold in May
After setting a new delivery record in May, NIO (NYSE: NIO) is expected to deliver over 54,000 EVs in the second quarter. Despite a slight decline from May’s numbers, NIO is projected to deliver over 18,000 EVs in June, which would be enough to top its Q2 delivery target.
Expand Expanding CloseVolkswagen wants to double ID.Buzz production as three-row electric van hits the US
The iconic Volkswagen Microbus is making a comeback in all-electric form. VW wants to more than double ID.Buzz production as the three-row electric van rolls out in the US this year.
Expand Expanding CloseHyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive
After a record 2023, Hyundai and Kia are not slowing down this year. With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US.
Expand Expanding CloseNissan feels the heat from BYD’s EV price war in China
Nissan is the latest victim of BYD’s “liberation battle” against gas-powered cars. After BYD’s aggressive price cuts this year, Nissan is shutting down a factory in China as it struggles to keep up.
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