Porsche will launch new gas-powered and plug-in hybrid (PHEV) cars as its EV models fail to gain traction. The sports car maker warned that the new combustion engine models and battery development expenses would hurt profits this year, sending share prices plunging.
Porsche plans new gas-powered cars to boost profits
After announcing that it expects profit margins to be between 10% and 12% this…
The Candela P-12 is the first hydrofoil electric ferry in the world to begin commercial operations. The 30-seat electric ferry uses a set of computer-controlled hydrofoil wings to fly above the surface of the water, resulting in a smoother and more efficient ride. But what…
Model 3 Gets $1,100 Discount in China Amid EV Price War
February 7, 2025
Tesla has implemented a new discount on Model 3 vehicles in China, the world’s biggest EV market, amid a worldwide demand slump for the automaker.
We reported that Tesla’s sales in Europe were cut in half in January compared to last year, despite last year already being…
The landmark EV merger, which would create the world’s third-largest automaker, may not happen after all. Honda and Nissan’s EV partnership plans are reportedly already being called off. The partnership was expected to help the Japanese automakers survive after falling behind BYD, Tesla, and others as the industry shifts to electric.
Why are Honda and Nissan’s EV merger plans on hold?
After…
Vammo, a battery-swapping service for electric motorcycles in Latin America, has just announced that the company has surpassed an impressive 1 million battery swaps in a little over a year.
The company has built its service around a combination of VMoto electric motorcycles…
Last month, Tesla unveiled the new Model Y in the United States, featuring an all-new light bar design, a redesigned rear-end, and a refreshed interior. It’s currently available as a “launch series” model, starting at $59,990 – with deliveries beginning in March.
The…
I went back to China to tour more e-bike factories and visit companies. Here's what I saw
February 6, 2025
Last month I was fortunate enough to take a trip to China and visit seven different micromobility companies, each of which invited me to tour their factory, test out their new products, or attend their major events. The trip is something of a sequel to the first Chinese factory tour trip I took last year (with the documentary of that trip racking up millions of views on YouTube).
In the coming…
EV charging alliance IONNA moves into full-scale deployment of 30k new charger bays in US
February 6, 2025
OEM alliance and EV charging juggernaut IONNA has announced a key milestone today, transitioning from public beta testing in the US to a full-scale national release. The EV charging joint venture intends to deploy over 1,000 bays in the US this year en route to tens of…
A quarter of Tesla's earnings were due to recognizing a $600 million gain on Bitcoin
February 5, 2025
Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla still came short of expectations.
Tesla and Bitcoin
Tesla is among the few large public companies that invested some of their cash into cryptocurrency.
Early in…
Range Rover's first EV now has 57,000 buyers on the waitlist
February 5, 2025
The wait is almost over. The Range Rover electric SUV will finally hit showrooms this year. As one of the most anticipated launches of 2025, Range Rover’s first EV already has 57,000 buyers on the waitlist. Here’s what you can expect from the luxury electric SUV.
Range Rover’s first EV secures 57,000 on the waitlist
After announcing third-quarter earnings this week, Jaguar Land Rover (JLR)…
