The world’s leading EV maker, BYD, is taking aim at exotic car manufacturers like Ferrari and Lamborghini with the new Yangwang U9. BYD officially launched the Yangwang U9 electric supercar with a 0 to 62 mph (0-100 km/h) sprint in 2.36 seconds and a $233,400 (1,680,000 yuan) price tag.

The first all-electric Jeep could be delivered to US customers as soon as July. According to new CEO Antonio Filosa, production of Jeep’s first EV, the Wagoneer S SUV, is expected to begin in Q2. Deliveries could happen as soon as the third quarter. Jeep’s CEO also confirmed we may see the electric Wrangler-like Recon launch by the end of the year.

After disappointing fourth-quarter results, Rivian (RIVN) stock earned a double downgrade, sending share prices to an all-time low. Sitting at its lowest value since going public, the EV maker looks to gain control of costs in 2024.

Volvo announced plans to sell 62.7% of its stake in EV maker Polestar (PSNY) as it looks toward the next stage of its transformation. Volvo said it will also cut off funding as the “company is well positioned for growth.”

BYD launched the new Dolphin Honor Edition with more performance, an improved design, and an even lower price tag. The new BYD Dolphin EV starts at $13,900 (99,800 yuan), fueling the automaker’s declared price war on ICE cars.

In a fire sale, Hyundai is offering a rare 0% finance offer on the 2024 IONIQ 5 electric SUV. Hyundai’s new incentive could mean up to $7,800 in savings compared to a same-priced Tesla model.

Kia is plowing ahead with plans to produce its first three-row electric SUV in the US, which is slated to begin this spring. However, it’s unclear whether Kia’s new US-made EV9 will fully qualify for the $7,500 EV tax credit at first.

If you were waiting on an electric GM truck similar in size to the Ford Maverick, you may be out of luck. GM is reportedly canceling plans to develop a compact electric pickup amid its shift toward plug-in hybrids (PHEVs).

Nikola Corp (NKLA) announced it had delivered the first production hydrogen fuel cell truck in North America during the fourth quarter. The company said it also remains on track to deliver the first reworked battery electric trucks back to customers by the end of Q1.

Mercedes-Benz is backtracking on its EV plans as the luxury automaker plans to continue building gas-powered cars “well into the 2030s.”

Rivian (RIVN) released its Q4 2023 earnings Wednesday, showing gross margin improvements over last year, but the numbers are down sequentially. Rivian also announced it will reduce its workforce by 10%. With cost-cutting measures in place and new affordable products, Rivian expects to achieve modest gross profit by the end of the year.

Ford’s electric F-150 Lightning is poised to get a new solar cover to harness off-grid energy. Worksport (WKSP) announced it’s adapting its SOLIS solar cover for the F-150 Lightning.

The first Stellantis brand EV destined for the US rolled off the assembly line this week. The all-electric Fiat 500e will arrive in the US by the end of March after selling out of its first dealer allocation in less than a week.

The fastest Porsche ever made could be announced soon. A decision on whether Porsche will build the Mission X electric hypercar is due by the end of the year.

Volkswagen looks to launch a sleek electric sports car based on the iconic Scirocco coupe. The VW Scirocco EV sports car is poised to adopt a unique platform designed for the upcoming electric Porsche Boxster.

Rivian looks to expand the brand with its more affordable R2 electric SUV. Ahead of the R2’s official debut, Rivian’s CEO RJ Scaringe called $48,000 an “important sweet spot” for buyers switching from gas vehicles. Scaringe also said the upcoming R2 will compete in the same market as Tesla’s best-selling Model Y.

After unveiling the highly-anticipated Macan EV last month, Porsche said a 630 hp Turbo version is also rolling out. The sporty new 2024 Porsche Macan Turbo EV was spotted testing in California, showcasing the electric SUV’s sleek curves.

Rivian (RIVN) is set to report its Q4 2023 earnings after the market close on Wednesday, February 21, 2024. EV makers, including Rivian, look to show they can gain control of costs as output ramps up.

Another electric three-row electric SUV is set to hit the market. Hyundai’s highly-anticipated IONIQ 7 will make its debut at the Busan Motor Show in June. Here’s what we know about the electric SUV so far.

Volvo is dropping the “Recharge” on its XC40 and C40 all-electric models to streamline its portfolio as it moves toward an EV-only future. The Volvo XC40 and C40 Recharge have been revived as the EX40 and EC40 with a new optional performance upgrade and special Black Edition.

GM is issuing a recall for the 2024 Chevy Silverado EV over a defect that can cause the second-row seatbelt to tear in a crash.

With less than three weeks until the R2 is finally unveiled, Rivian (RIVN) confirmed it will bring the more affordable electric SUV to Europe.

BYD is kicking off a price war with gas-powered cars as new lower-priced electric vehicles begin rolling out. After launching the new Qin Plus EV Honor Edition on Monday, BYD said it’s “officially opening a new era of electricity is lower than oil.”

If you were looking to get your hands on a new Mustang Mach-E in Canada (or even the US), now may be a better time than ever. Ford drastically lowered prices on the 2023 Mustang Mach-E in Canada with up to $13,000 in savings.