Author: Derick Munoz
Derick Munoz is an EV journalist at EVMagz.com, focusing on the business and regulatory side of the electric mobility transition, including automaker strategy, clean transport policy, investment trends, and the expansion of EV infrastructure across major global markets.
Tesla CEO Elon Musk has provided initial insights into the Cybertruck explosion outside the Trump International Hotel in Las Vegas on January 1, which left one person dead and seven injured. Early findings suggest the incident was not caused by the vehicle itself but appears to be an intentional act. In the aftermath of the explosion, Musk announced on social media platform X that Tesla’s senior team was actively investigating the incident. Initial telemetry data confirmed that the Cybertruck’s systems were functioning normally at the time. Further analysis revealed that the explosion was caused by large fireworks or a bomb…
Zeekr, Geely Holding Group’s premium electric vehicle (EV) subsidiary, delivered 27,190 vehicles in December, marking its fourth consecutive record month. This represents a 101.77% increase from December 2023 and a slight 0.66% rise compared to November, according to data released by the company. Zeekr delivered 79,250 vehicles in the fourth quarter, a quarterly record and a 99.84% year-on-year increase. Total deliveries for 2024 reached 222,123 units, falling slightly short of its 230,000-unit target but reflecting an 87.15% rise from the 118,685 vehicles delivered in 2023. Since its inception in 2021, the company has delivered a cumulative 418,756 vehicles. For 2025,…
Honda Motor and Nissan Motor are reportedly exploring plans to deepen collaboration, including sharing vehicle production facilities, as part of discussions that may lead to a full merger, Kyodo News reported on Saturday. A merger between Japan’s second- and third-largest automakers could create the world’s third-largest automotive group by vehicle sales, trailing only Toyota Motor and Volkswagen Group. Combined, Honda and Nissan would produce approximately 7.4 million vehicles annually. Under the proposed plan, Honda is considering supplying hybrid vehicles to Nissan while exploring the use of Nissan’s car factory in Britain. Currently, Honda operates only engine and motorcycle production facilities…
Chinese electric vehicle maker Nio has unveiled its Firefly brand, aiming to rival premium small cars such as the BMW Mini and Mercedes-Benz’s Smart. The announcement was made during the company’s annual Nio Day 2024 event held in Guangzhou, China. The Firefly, the first model under Nio’s third sub-brand, debuted as a compact, high-end battery electric vehicle (BEV). Priced competitively at RMB 148,800 ($20,390), the model matches the newly discounted price of the all-electric Mini Cooper in China. Pre-sales for the Firefly began today, with its official launch scheduled for April 2025. Positioned as a premium small car, the Firefly…
Jaguar is shifting its focus to design and interior features as it reinvents itself in the electric vehicle (EV) market. The British automaker’s upcoming lineup of all-electric cars marks a stark departure from its previous models, with a new emphasis on aesthetics over technical specifications. According to Jaguar’s managing director, Rawdon Glover, the decision to prioritize design stems from a clear message from customers. “People buy cars for their design and interior. Powertrain is about 13th on the list,” Glover stated in an interview with TopGear. This approach is central to Jaguar’s strategy as it aims to attract a new…
Foxconn, the Taiwanese contract manufacturing giant, is reportedly negotiating a potential acquisition of a stake in Nissan Motor held by the Japanese automaker’s largest shareholder, Renault. According to Taiwan’s Central News Agency, Jun Seki, who leads Foxconn’s electric vehicle division and is a former Nissan executive, has traveled to France to discuss the matter with Renault officials. A source familiar with the situation confirmed to Reuters that Foxconn is exploring the purchase of at least part of Renault’s holding in Nissan. The talks are seen as part of Foxconn’s broader strategy to expand its presence in the EV market. Both…
Toyota has announced a significant price reduction for its 2025 bZ4X electric SUV, making it more affordable while introducing new features, including a sleek Nightshade edition. The 2025 model starts at $37,070, marking a $6,000 decrease from the 2024 version. The base FWD XLE model is now priced at $37,070, while the XLE AWD starts at $39,150. Both prices are $6,000 lower than the previous model year. For those opting for the Limited trim, the 2025 bZ4X FWD starts at $41,800, a $5,380 price drop, with the AWD Limited priced at $43,880. A standout feature of the 2025 bZ4X is…
Colorado and ChargePoint have completed the EV Fast-Charging Corridors program, significantly expanding access to fast-charging infrastructure along key highways in the state. The initiative has added more than 80 charging ports across 33 sites, providing electric vehicle (EV) drivers with greater convenience and access to fast-charging locations. The program was made possible through $10 million in state funding, along with over $2 million in contributions from private and local government partners. As a result, Colorado’s DC fast-charging coverage has more than doubled, with nearly 80% of highway corridors now within 30 miles of a fast charger, compared to just 40%…
A recent study by the International Council on Clean Transportation (ICCT) highlights that global reserves of key minerals, combined with planned mining and battery production capacities, will meet the rising demand driven by electric vehicle (EV) adoption. The report, titled Electrifying Road Transport with Less Mining: A Global and Regional Battery Material Outlook, offers a comprehensive analysis of battery material requirements for electric and plug-in hybrid vehicles across global markets. Lead author Eyal Li noted that current battery production capacity projections are more than sufficient to meet global demand through 2030, with particular growth in the United States and the…
Milwaukee, Wisconsin, has been awarded nearly $15 million in federal funding to develop a network of 53 electric vehicle (EV) charging stations. The project, supported by the U.S. Department of Transportation’s Charging and Fueling Infrastructure program, will involve a public-private partnership with a partner yet to be announced. According to the Milwaukee Common Council, at least 40% of the chargers will be located in disadvantaged neighborhoods, with the remainder installed at public libraries across the city. The initiative will roll out in two phases. The first phase focuses on selecting station locations, adhering to federal guidelines, and engaging the public.…
Volvo EX30 Offers Up to $9,000 in Discounts Ahead of U.S. Debut, Faces Tough Competition
Volvo’s most affordable electric vehicle (EV), the EX30, is poised for its U.S. debut with substantial discounts, but it faces stiff competition from Tesla, Kia, and Toyota, which offer competitive pricing and financing options. Already a popular choice in Europe, where deliveries began in January, the Volvo EX30 is set to arrive in the U.S. with a starting price of $46,195 for the Twin Motor Performance trim, which includes destination fees. The EX30 will be available in Plus or Ultra upgrades, while the Single Motor trim is expected in early 2025, priced at $36,245. Despite the upcoming release, the EX30…
Malaysian automaker Proton launched its first electric vehicle, the e.MAS 7, on Monday, marking a significant step in the country’s efforts to increase the adoption of electric and hybrid vehicles while strengthening its position in the global supply chain. The move also signals Proton’s ambition to enter the competitive EV market alongside global brands. Proton is majority owned by Malaysian conglomerate DRB HICOM, with the remaining 49.9% stake held by Chinese automaker Zhejiang Geely Holding Group. The launch of the e.MAS 7 comes after similar entries by international automakers, including BYD, Tesla, and Stellantis, who are expanding their presence in…