Canada Follows US and Imposes 100% Tariffs on China-made EVs
Written by Collins Eshiet | Edited by Cláudio Afonso Following the footsteps of the United States, Canada is preparing to impose tariffs on electric vehicles manufactured in China. Just like the US,...
View ArticleNio CEO Warns Rapid Model Upgrades May Undermine Consumer Trust
Written by Collins Eshiet | Edited by Cláudio Afonso The electric vehicle industry has been moving rapidly in the world’s largest market, China, with local companies launching revamped versions of...
View ArticleEV Startup Mullen Strikes $210M Deal in the UAE, Stock Jumps 55%
Written by Cláudio Afonso | LinkedIn | X Shares of the electric vehicle startup Mullen Automotive are surging over 55% on Monday to 51 cents per share following the announcement of a $210 million deal...
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Canoo Co-Founder and CTO Leaves the Company After 7 Years
Written by Collins Eshiet | Edited by Cláudio Afonso Sohel Merchant, the co-founder and Chief Technology Officer of Canoo, has left the company seven years after helping founding it. The company has...
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China’s Weekly Registrations: Tesla 14.2k, Nio 4.6k, XPeng 2.8k, and More
Written by Cláudio Afonso | LinkedIn | X China’s weekly insurance registrations were released on Tuesday revealing that BYD reached a new record of 87,800 new energy vehicles (NEVs) insured — up 12%...
View ArticleLucid to Benefit from Ford’s Stepback on EVs, Analyst Says
Written by Cláudio Afonso | LinkedIn | X Ford’s decision of slowing down its transition to electric vehicles is already having its impact in its EV competitors in the U.S, Stifel higlighted in its...
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XPeng Launches $16,800 Mona M03, Secures 10,000 Orders in 52 Minutes
Written by Cláudio Afonso | LinkedIn | X With over 2,000 people in the audience, XPeng’s chief executive, He Xiaopeng, launched on Tuesday the brand’s new and more affordable Mona series. Less than one...
View ArticleFaraday Future Appoints Head of UAE as it Eyes Market Entry
Written by Cláudio Afonso | LinkedIn | X Faraday Future said Tuesday that Tin Mok, its Vice President of FF and a member of the Board of Directors, has been appointed as the new lead of the UAE market....
View ArticlePolestar Replaces CEO with Former Nikola Chief Lohscheller
Written by Cláudio Afonso | LinkedIn | X A few days after announcing that one of its top executives, Maximilian Missoni, is leaving the company, Polestar said Wednesday it is replacing its chief...
View ArticleNio Releases Major Software Update in China
Written by Collins Eshiet | Edited by Cláudio Afonso Electric vehicle maker Nio launched Wednesday a major upgrade to its operating system (OS) in China. Named “Banyan,” the 3.0.0 version of the OS...
View ArticleCanoo Secures Additional Yorkville Funding, Vital for Upcoming Production
Written by Cláudio Afonso | LinkedIn | X Last month, the electric vehicle startup Canoo said it entered into a Prepaid Advance Agreement (PPA) with Yorkville, allowing the company to request cash...
View ArticleTesla to Provide First European Semi Truck Test Drives in September
Written by Cláudio Afonso and Collins Eshiet Tesla has been preparing for the launch of its Semi truck in Europe and the first test drives are scheduled for the IAA event which will be held in...
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Li Auto Shares Drop 16% on Weaker Than Expected Q2 Results
Written by Cláudio Afonso | LinkedIn | X Shares of the Beijing-based automaker Li Auto fell more than 16% on Wednesday after posting weaker than expected results for the second quarter of the year. The...
View ArticlePolestar Posts Q2 Results, Secures up to $300 Million in External Funding
Written by Cláudio Afonso and Collins Eshiet Twenty-four hours after announcing the departure of its CEO Thomas Ingenlath, the Geely-backed brand Polestar reported the second quarter earnings results...
View ArticleTesla to Unveil New Model Y in Early 2025, 7-Seat Version to Follow
Written by Cláudio Afonso | LinkedIn | X Tesla is gearing up to unveil the highly anticipated Model Y refresh early next year with the new 7-seater version of the world’s best-selling model expected to...
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How Onvo Store Placement Will Drive Down Nio’s Expenses
Written by Cláudio Afonso | LinkedIn | X Nio‘s sub-brand Onvo announced Tuesday it will open one hundred stores across China on the first day of September as it prepares to start deliveries of L60, its...
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XPeng Starts Mona M03 Deliveries, Secures 30,000 Orders in 48 Hours
Written by Cláudio Afonso | LinkedIn | X After having secured 10,000 orders in the first 52 minutes, China’s electric vehicle brand XPeng announced late Thursday it reached a total of 30,000 since the...
View ArticleEuropean BEV Registrations Drop 11% in July, PHEVs Decline 14%
Written by Cláudio Afonso | LinkedIn | X Battery electric vehicles (BEV) continued to lose market share in July as hybrid models registered an increase of 25.7% to over 270,000 units, data from the...
View ArticlePolestar Expects Higher Deliveries in Q3 and Q4, CFO Says
Written by Cláudio Afonso and Collins Eshiet On the same day it reported its second-quarter earnings, Polestar hosted a conference call where Chief Financial Officer (CFO) Per Ansgar took the lead in...
View ArticleLucid Plans Major Production of Mid-Sized Model in Saudi Arabia
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Lucid Motors is ramping up its infrastructure in Saudi Arabia, as the kingdom takes on a more significant role in the company through...
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