Japan’s largest automaker is struggling as low-priced Chinese EV makers, like BYD, continue gaining an edge. Toyota’s global output fell for the first time in four years in the first half of 2024. Is the company’s slow shift to EVs to blame?
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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 just had a record-breaking third quarter as EV sales continued surging
With some of the most affordable EVs on the market, BYD’s sales are surging. With record-breaking vehicle sales in Q3, BYD outpaced Tesla for the first time in quarterly revenue.
Expand Expanding CloseHyundai’s first three-row electric SUV is almost here as new IONIQ 9 teaser drops
Hyundai’s first three-row electric SUV is almost here. Ahead of its official debut in November, Hyundai released a new teaser of the larger IONIQ 9, giving us a sneak peek at the highly anticipated SUV.
Expand Expanding Close2025 Chevy Silverado EV LT finally arriving at dealerships as orders open
The 2025 Chevy Silverado EV LT is finally arriving at dealerships nationwide as orders open online. Although already impressive, Chevy “set the bar even higher” with the 2025MY electric pickup, giving it more range, lower prices, and new trim options.
Expand Expanding CloseAn all-electric Plymouth? Stellantis teases new EV conversion kit and more
Is Plymouth due for an electric revival? Not exactly. But you may have the opportunity to convert one for yourself soon. Stellantis gave us a sneak peek with the 1967 Plymouth GTX Electromod concept.
Expand Expanding CloseDodge’s electric Charger Daytona EV will arrive with up to $8,500 in lease discounts
Dodge is giving drivers a new incentive to drive its first electric muscle car. The Dodge Charger Daytona EV is already earning significant discounts ahead of its arrival. With a new loyalty incentive, Dodge is offering up to $8,500 on the all-electric Charger.
Expand Expanding CloseBYD to launch its smallest EV in Australia, hinting at low-cost Seagull arrival
Is BYD bringing its cheapest EV to another overseas market? BYD will officially launch an electric car even smaller than the Dolphin in Australia, hinting it could be the low-cost Seagull EV.
Expand Expanding CloseHere’s our first look at the Cadillac Lyriq-V electric SUV, arriving early 2025
GM’s luxury brand is launching a new performance electric SUV early next year. The Cadillac Lyriq-V will be the first all-electric SUV to wear the V-Series badge, GM’s benchmark for performance and innovation.
Expand Expanding CloseFord CEO says new mid-size electric pickup will match the cost of Chinese EVs like BYD
With new low-cost Chinese flooding global markets, Ford CEO Jim Farley vows its new mid-size electric pickup is a “game changer.” Ford’s leader took a jab at BYD, vowing the company’s new electric pickup will match the costs of Chinese automakers building in Mexico.
Expand Expanding CloseFord tops Q3 earnings expectations, but EV losses take a toll on profits
Ford reported Q3 earnings after the market closed on Monday, beating Wall St revenue and EPS expectations. However, the company is still losing billions on its EVs. Here’s a closer look at Ford’s third-quarter 2024 earnings report.
Expand Expanding CloseChevy Equinox EV, Honda Prologue push US EV share to new record in October
With new models rolling out across the US, like the Chevy Equinox EV and Honda Prologue, EVs are expected to hit record market share in October. As the next wave of EVs hit the market, like Jeep’s Wagoneer S and the Volkswagen ID.Buzz, EV sales are expected to pick up into the end of the year.
Expand Expanding CloseHyundai’s larger IONIQ 9 SUV spotted with big body and spacious interior [Images]
The three-row electric SUV we’ve been waiting for is almost here. Ahead of its debut next month, the Hyundai IONIQ 9 was spotted parked in Korea, giving us a closer look at its impressive size and spacious interior.
Expand Expanding CloseVolkswagen warns mass layoffs, historic plant closures are coming
For the first time ever, Volkswagen plans to shut the doors to a facility on its home turf. The company plans to close not one but at least three plants in Germany as it faces mounting pressure from China. Volkswagen also warned mass layoffs and pay cuts are coming as it looks to cut costs.
Expand Expanding CloseFord F-150 Lightning and Mustang Mach-E drivers just gained Google Maps EV routing
Ford just made it easier for F-150 Lightning and Mustang Mach-E drivers to charge with new EV routing features. Drivers can now see new routing info, including available Tesla Superchargers along their route for easy trip planning.
Expand Expanding CloseHyundai’s low-cost Casper Electric spotted in the US for the first time
Is Hyundai bringing its most affordable EV to the US? For the first time, Hyundai’s Casper Electric was spotted driving on US streets. Will the low-cost EV launch in the States?
Expand Expanding CloseGenesis GV70 Electrified update gets a bigger battery, more range
Genesis’ best-selling electric SUV in the US is due for an upgrade. The Genesis GV70 Electrified update is officially getting a bigger 84 kWh battery, following the 2025 Hyundai IONIQ 5.
Expand Expanding CloseHyundai unveils special edition Kona EV ‘Mauna Loa’, but you can’t have it
Hyundai gave its electric SUV an exclusive new look. The new Hyundai Kona EV Mauna Loa is “a powerful companion” with special features and accessories, but getting your hands on one will be hard.
Expand Expanding CloseNIO is launching a ‘much more competitive’ Onvo electric SUV soon
China’s NIO (NYSE: NIO) has a new secret weapon it’s about to unleash. After launching the first model of its new affordable EV brand Onvo, NIO says the upcoming electric SUV will be “much more competitive.”
Expand Expanding CloseKia will ramp up EV3 output as demand for its affordable electric model surges
After charging up third-quarter sales, Kia plans to ramp up output of its new low-cost EV3 model. The compact electric SUV helped boost Kia’s EV sales numbers in the third quarter.
Expand Expanding CloseChevy’s new Blazer EV may have poor phone call quality: Here’s how to fix it
If you’re having trouble talking on the phone in the new electric Blazer, it’s not just you. GM issued a memo to the National Highway Traffic Safety Administration due to poor phone call quality in the new Chevy Blazer EV. Here’s how you can fix it.
Expand Expanding CloseKia is building electric vans with Korea’s largest utility company
Kia sees an opportunity with its first electric PBV van launching next year. Although they are not even out yet, Kia is already finding new uses for the upcoming fit-for-purpose EV vans.
Expand Expanding CloseKia’s updated 2025 EV6 spotted on US streets, and it looks like a major upgrade
Kia is preparing to launch the new and improved EV6 in the US. Ahead of its official debut, Kia’s updated 2025 EV6 was spotted with sleek new design upgrades on US streets.
Expand Expanding CloseJeep, Dodge owner has a new idea to boost EV range
Stellantis is investing millions in innovative wind tunnel technology at its Michigan center. The company believes the new tech can help increase the driving range for upcoming EV models from Jeep, Dodge, and other Stellantis brands.
Expand Expanding CloseCATL unveils world’s first Super hybrid battery with EV-like range
The world’s largest EV battery maker launched its newest product on Thursday. China’s CATL unveiled its new Freevoy Super Hybrid Battery, calling it “the world’s first” hybrid battery with over 400 km (250 mi) all-electric range. With 4C ultra-fast charging, the new battery delivers an EV-like experience.
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