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Month: August 2025

ThursdayAug 07, 2025 10:00 am

VinFast Opens EV Plant in India After Halting its US Expansion

Vietnamese electric vehicle company VinFast has launched an electric vehicle manufacturing facility in India, the second-largest economy in Asia, several months after it paused its plans to expand to the U.S., Canada, and Europe.  The company initially planned to expand into several major Western markets but pulled the plug on its expansion plans because of high logistical costs that left it with nearly $10 billion in accumulated losses. The automaker is now focusing its efforts on Asia and opened its first electric vehicle production plant in India on Aug. 4.  Located on a massive 400-acre lot in Sillanatham, Thoothukudi district,…

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WednesdayAug 06, 2025 10:10 am

Bollinger Innovations Inc. (NASDAQ: BINI) Drives Commercial EV Leadership with Bold Rebrand, Market Clarity

Mullen Automotive recently brought all of its EV products and brands together under one strong and unified identity — Bollinger Innovations. The pivot to one commercial EV brand comes amid mounting demand for electrification in delivery, logistics and municipal vehicle fleets. The company’s new identity is also trading under new Nasdaq stock symbol NASDAQ: BINI. The company’s move under one brand clarifies market positioning, creating cohesion across product lines ready to service the commercial vehicle industry. Bollinger Innovations (NASDAQ: BINI), formerly known as Mullen Automotive, has completed a major corporate transformation, officially rebranding and switching its NASDAQ ticker from MULN to…

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TuesdayAug 05, 2025 10:00 am

Mercedes to Pause EV Exports to the US as Company Profits Tumble

German automaker Mercedes-Benz is pausing electric vehicle exports to the U.S. market in the wake of weak Q2 financial results. The automotive brand reports that despite enjoying “robust free cash flow” in the just-concluded quarter, its net profit in the first half of 2025 fell from $6.7 billion to $3 billion, a massive 56% drop in net profits compared to Q2 2024.  With the Trump administration levying a 25% tariff on all vehicles imported into the country from Europe, Mercedes-Benz is having a hard time selling its battery electric vehicles (BEVs) in the U.S. market.  Although the automaker’s recent earnings…

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FridayAug 01, 2025 10:00 am

BYD Celebrates Reaching 13 Million NEVs Milestone

BYD has become the first player in the global new energy vehicle (NEV) sector to produce 13 million NEVs. The Chinese automaker manufactured its 13th million NEV on July 21st, reaching a milestone that even Tesla, the most dominant electric vehicle manufacturer in the world, has yet to reach.  The milestone is a significant achievement for both BYD, which has faced numerous challenges in recent years, and the development of the global new energy vehicle segment, an admittedly small but fast-growing industry.  A new energy vehicle refers to any automobile that does not draw its energy from fossil fuels such…

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