NewsRoom Articles - Page 2 of 122

TuesdayAug 19, 2025 10:00 am

Why Ford May Be Ramping Up Its EV Investments

American automaker Ford recently announced a $5 billion investment in developing a new line of battery electric vehicles (BEVs), a surprising move given the Trump administration's increasingly anti-electric vehicle stance. Unlike the Biden administration, which invested tens of billions into America's EV sector and charging infrastructure, the Trump administration has adopted an adversarial position toward electric cars, rolling back most climate-related policies, instructing states to stop using federal funds for public charging stations, and accelerating the expiration of EV and renewable energy incentive programs. Given these factors, Ford's billion-dollar bet on electric vehicles may seem counterintuitive. American carmakers were already…

FridayAug 15, 2025 10:00 am

Why Xiaomi is Succeeding in Making EVs Yet Apple Failed

Project Titan was a secretive initiative launched under Apple CEO Tim Cook to develop a fully autonomous electric vehicle with luxury features, advanced artificial intelligence, and possibly no steering wheel. Apple hired hundreds of engineers from Ford, Tesla, and other carmakers to work on the development of its first electric car but the project was marred by challenges such as technical struggles, leadership changes, concerns about cost and profitability, and failed partnerships with established automakers. The result was a decade of work with little to no results, $10 billion lost, and a costly failure on Apple’s record. Xiaomi, on the…

ThursdayAug 14, 2025 10:00 am

VinFast Signs Agreement to Recycle EV Batteries in India

Vietnamese electric vehicle firm VinFast has advanced its entry into the Indian market via an agreement with BatX Energies, the largest lithium-ion battery recycling firm in India, to recycle electric vehicle batteries in the country. A recent report from Express Drives notes that the battery recycling company will be in charge of recycling high-voltage EV batteries, recovering reusable material, and repurposing them for secondary applications. The report comes weeks after VinFast paused its expansion into Western markets amidst significant competition, negative media attention, and numerous operational challenges. Although electric vehicles still account for a tiny portion of global vehicle sales,…

TuesdayAug 12, 2025 10:00 am

EV Sales Skyrocket as US Tax Credit Window Shrinks

Electric vehicle sales in the U.S. have surged in recent weeks as buyers rush to purchase battery electric vehicles (BEVs) before the federal tax credit for EV purchases expires. Established under the Bush administration in 2008 and adapted by the following two administrations, the tax credit supported hundreds of thousands of electric vehicle purchases in the U.S. and played a key role in getting the country’s nascent electric vehicle industry off the ground. However, with the credit set to expire on September 30, buyers in the U.S. are racing to take advantage before the window closes, resulting in a surge…

FridayAug 08, 2025 10:00 am

China Tells EV Makers to Stop Counterproductive Price Wars

Beijing has warned Chinese electric vehicle makers against taking part in counterproductive price wars to protect the country’s economy. As the largest electric vehicle market, China is home to dozens of EV startups and companies engaged in ferocious competition as they each try to secure a portion of the massive Chinese market for themselves. One of their main tactics involves deploying drastic price cuts to make their products cheaper than their competitors, contributing to rising rates of electric vehicle oversupply and overcapacity in the country. According to the Chinese government’s statement to local EV manufacturers, this has resulted in “involution”…

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…

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