The world’s EV leader, BYD (OTC: BYDDY), announced a stock buyback plan as it continues expanding into new markets. BYD is pushing into different segments with new luxury EVs and mid-size electric SUVs.
Expanding into new EV segments
After selling a record 526,409 all-electric vehicles in the fourth quarter of 2023, BYD topped Tesla to become the best-selling EV maker globally.
The automaker’s…
The Mexican government is pushing Tesla to start construction of Gigafactory Mexico soon, but it looks like the automaker doesn’t feel ready.
Tesla officially announced Gigafactory Mexico back in March, and until recently, we were wondering what was the hold up to start…
Are Africa's latest electric motorcycle battery swapping gains outpacing the world?
February 22, 2024
Battery swapping for electric motorbikes isn’t new technology, but its adoption rate has proven to be remarkably inconsistent around the world. One of the biggest surprises recently has been one of the places where such technology has grown rapidly: Africa.
Electric…
Stellantis mulls building Chinese EVs in Europe for joint venture partner Leapmotor
February 21, 2024
Four months after announcing a joint venture with Chinese EV automaker Leapmotor, Stellantis is reportedly mulling taking the strategic cooperation further by building hundreds of thousands of BEVs for its new partner in Italy to serve the European market.
Stellantis once operated a Jeep joint venture in China with GAC Group that it inherited from Fiat Chrysler Automobiles (FCA) before its…
US President Joe Biden, whose administration has put electric vehicles front and center of an ambitious policy to dramatically curb emissions, may walk back his proposal on yearly EV requirements through 2030 due to political pressures and pushback from automakers and the…
A major auto supplier for Tesla, VW, Ford to slash 10K jobs
February 21, 2024
Forvia, a major supplier for Stellantis, Volkswagen, Tesla, and Ford, plans to cut as many as 10,000 jobs in Europe over the next five years. The news falls days after major auto supplier Continental announced that it too was cutting its workforce by 7,150 jobs.
Forvia, the…
Volvo CE puts electric equipment to work on fossil-free ski resort
February 20, 2024
Electric vehicles don’t work well in the cold? Nobody told Volvo CE – and they’re putting a fleet of battery electric equipment assents to work, collaborating with Sweden’s largest ski resorts to go fully fossil free.
Volvo CE has been working on a pilot project with Swedish resort company SkiStar to develop a roadmap towards more sustainable, fossil-free ski resorts. The project is…
Shake it off ET9! NIO's EV answer to Maybach sheds snow with its vibrating chassis system [Video]
February 20, 2024
We’re still about a year before we see the first deliveries of the ET9 – NIO’s most luxe EV model to date, designed as an ultra-premium executive vehicle to compete with the likes of Porsche and Mercedes-Maybach. In a recent video posted by NIO, we see one of the…
China is returning to work following a break to celebrate the 2024 Lunar New Year, and XPeng Motors looks to hit the ground running with massive expansion plans. According to an internal letter, XPeng Chairman CEO He Xiaopeng detailed plans to deliver about 30 new and…
Quick Charge Podcast: February 16, 2024
February 19, 2024
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as…
