NewsRoom Articles - Page 2 of 122

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,…

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…

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…

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…

ThursdayJul 31, 2025 10:00 am

Honda’s Tiny EV Could Power Your Home in a Blackout

Japanese automaker Honda has developed a tiny battery electric vehicle with bidirectional, or vehicle-to-load (V2L), charging capabilities that allow it to power a driver’s home. Dubbed the N-One e, the small BEV has a 150-mile range and is equipped with a V2L function that can charge electrical devices and even homes. The smallest electric vehicle ever developed by Honda, the N-One e has one 63 hp (47 kW) electric motor and measures just 133.9 inches long. The first N-One e prototype debuted at the Goodwood Festival of Speed and recently made its Japan debut. The pint-sized vehicle is an electric…

TuesdayJul 29, 2025 10:00 am

EV Sales Surge Globally, China Takes the Lead

Consulting company PwC has published an analysis that shows an increase in global electric vehicle sales, with China leading the latest surge in EV sales. Renewed demand for BEVs in Europe has also contributed to the rise in EV sales across the world. China is the largest electric vehicle market and has an incredibly competitive EV sector dominated by dozens of companies. Unlike carmakers from the West, Chinese automakers have figured out how to develop electric cars at low cost, allowing them to sell EVs at significantly more affordable prices compared to Western-made electric cars, and hastening the adoption of…

FridayJul 25, 2025 10:00 am

EV‑Drone Combo Trend is Gathering Momentum

A growing number of automakers are experimenting with configurations that combine electric cars and drones. What may have started out as a novelty is quickly becoming a new niche in the automotive sector as more EV‑drone combos hit the vehicle market. From mobile drone mission systems to rooftop drone launchers, carmakers around the world are exploring various electric vehicle and drone pairings that could potentially change how people drive, work, and even interact with the environment. Here are some notable examples of this trend: BYD’s Roof‑Mounted “Lingyuan” System. Chinese vehicle giant BYD has teamed up with drone manufacturer DJI to…

ThursdayJul 24, 2025 10:00 am

BYD Expands to Make PHEVs in Addition to EVs

BYD, the Chinese vehicle company that has surpassed Tesla as the best-selling EV maker on several occasions, is making plug-in hybrid electric vehicles (PHEVs) a major part of its new energy vehicle strategy. Although the Shenzhen, China-based company is now known as one of the largest battery electric vehicle (BEV) companies in the world, BYD’s first foray into new energy vehicles was a plug-in hybrid electric vehicle, the BYD F3DM, launched in 2008 as the first mass-produced PHEV in the world. The automaker has now updated its strategy to increase its focus on PHEVs and even hydrogen fuel cell electric…

TuesdayJul 22, 2025 10:00 am

Tesla Announces Comprehensive Incentives, Discounts for its US EV Buyers

Texas-based electric vehicle manufacturer Tesla has announced a broad slate of new incentives and discounts for American customers in an effort to boost weakening sales in the domestic market ahead of the expiration of federal EV tax credits. The federal tax credit, worth up to $7,500, has been key to making battery electric vehicles (BEVs) more affordable for the average U.S. buyer. As the top EV brand in the country for over a decade, Tesla has indirectly benefited from the program, with buyers collectively claiming more than $1.5 billion in tax credits on Tesla vehicles. With those credits set to…

FridayJul 18, 2025 10:00 am

An EV Pullback is Taking Shape in the US

Something worrying is going on in America’s battery electric vehicle (BEV) industry. After years of making ambitious electrification plans, several carmakers in the country are delaying the launch of new models or canceling them entirely, largely in response to the Trump administration's anti-electric vehicle stance. With the GOP undoing most of the EV-related policies set by the previous administration, American carmakers find themselves in an incredibly volatile environment that doesn’t seem to have much support for alternative energy vehicles. The Trump administration first ordered states to halt the previous administration’s $5 billion public electric vehicle charging network project, stopping the…

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