Peter Johnson

China’s BYD has found a new EV leasing partner in Europe as it expands overseas. BYD signed a deal with leading car leasing firm Ayvens to distribute its vehicles across Europe.

Kia’s EV sales in the US doubled in the first half of the year, hitting a new record. After selling over 5,000 EVs for the third straight month, Kia looks to keep the momentum going in the second half of 2024.

Electric vehicle maker Rivian (RIVN) delivered nearly 13,800 EVs in the second quarter of 2024. Although Q2 deliveries remained flat from Q1, Rivian plans to ramp up output in the second half of 2024. Here’s what to expect.

As the leader of the over 120-year-old automaker, Ford CEO Jim Farley has an essential job of steering it into the future. Farley said smaller EVs, which Ford is shifting toward, are “super important for our society.” Meanwhile, Farley addressed the love for larger, “monster vehicles” in the US.

With over 20,000 electric vehicles delivered (again) last month, NIO broke its monthly and quarterly records. The surge comes with new models rolling out as NIO aims to expand the brand.

Kia’s new low-cost electric SUV has already secured over 10,000 reservations in its home market. Kia sees the EV3 as a potential “game changer” with climbing demand for affordable electric options.

China’s leading EV maker, BYD, set a new monthly NEV sales record as it battles for market share in an increasingly competitive market. The growth after BYD slashed prices on some of its top-selling electric vehicles. Will it be enough to top Tesla in the second quarter?

Hyundai’s top-selling electric SUV is on sale. Starting at just $17,820, the Nissan Versa is America’s cheapest car, but with massive incentives, the 2024 Hyundai IONIQ 5 is even more affordable to lease.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.