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.
German Officials Disappointed by Activists’ Actions Against Tesla Giga Berlin-Brandenburg
German officials have expressed disappointment over recent “days of action” by activists targeting Tesla Giga Berlin-Brandenburg. Federal Economics Minister Robert Habeck and the East Brandenburg Chamber of Commerce and Industry (IHK) both conveyed their concerns to German media. Minister Habeck, speaking to the Funke media group via rbb24, criticized the protesters’ attempt to breach Tesla’s premises, stating, “The protest ends there, the criminal liability begins.” He also defended Tesla’s role, stating, “No one can have an interest in Germany without automobile production. We are campaigning for the cars of the future to be produced here — and for jobs and…
Caviar Introduces Limited Edition Porsche eBike Cross 3rd Gen With 18-Karat Gold Accents
Caviar, known for its luxury customization of tech and accessories, has launched a new limited edition gold Porsche eBike Cross 3rd Gen, dubbed the “Herzog.” The company has described this project as the “Royal Porsche Electric Bike,” featuring a range of premium material upgrades for a luxurious finish. The Caviar Herzog is a customized version of the original e-bike, featuring a Shimano motor and full suspension system. The carbon frame of the bike has been given a gold PVD titanium coating, complemented by 18-karat gold alloy parts that are wear-resistant. Additionally, the saddle and handlebars have been replaced with premium…
Subaru and Toyota Announce Joint Venture for Three Electric SUVs by 2026, Forecasts Strong Financials
Subaru has announced plans for a lineup expansion with three new fully electric SUVs developed in collaboration with Toyota, aiming for a 50 percent EV sales mix in the long term. The move comes as the company seeks to navigate the uncertainties of the EV market. The Japanese automaker’s yearly financial results reflect a robust performance, with a 75 percent increase in operating profit and a 15 percent rise in global sales. Despite the positive financial results, the current Solterra, Subaru’s sole EV offering, accounted for just 0.02 percent of its global sales in 2023. To bolster its EV presence,…
Jaguar driver Nick Cassidy emerged victorious in the first race of the Berlin E-Prix, showcasing a stunning performance that saw him climb from ninth on the grid to claim the top spot. Cassidy’s remarkable comeback included setting the fastest race lap in his Jaguar, securing a crucial win for the team. In a post-race interview, Cassidy expressed his elation, stating, “It was a challenging race, but I kept pushing and managed to make some bold moves to get back into contention.” https://www.youtube.com/watch?v=HLy4Ix4IJas Behind Cassidy, Jean-Eric Vergne from DS Penske secured second place, with Oliver Rowland from Nissan rounding out the…
Volkswagen Delays Launch of VW ID. California Electric Campervan Amidst Market Uncertainty
Volkswagen’s highly anticipated electric campervan, the VW ID. California, initially confirmed in 2021, may not hit the roads as soon as speculated. Despite reaffirming its commitment to launching the model, Volkswagen Commercial Vehicles appears hesitant to introduce the electric campervan anytime soon. In December 2021, Volkswagen Commercial Vehicles (VWCV) unveiled plans for the pure electric campervan, but withheld details about its launch timeline. Fast forward three years, and the VW ID. California’s debut seems to remain a few years away. Speaking at the world premiere of the all-new VW California (T7) on May 7, Volkswagen Commercial Vehicles CEO Prof Dr…
BYD Sets Up Sodium-Ion Battery Joint Venture to Drive Lower-Cost Battery Commercialization
BYD’s new energy vehicle (NEV) and power battery division have established a joint venture to advance the commercialization of lower-cost batteries, focusing on sodium-ion technology. Huaihai FinDreams Sodium Battery Technology (Xuzhou) Co Ltd was officially incorporated on April 30 in Xuzhou, Jiangsu province, eastern China, with registered capital of RMB 500 million ($69.2 million). The joint venture sees BYD’s battery unit FinDreams holding a 51% stake, while local conglomerate Huaihai Holding Group owns the remaining 49%. The venture’s operations encompass battery manufacturing and sales, as well as the recycling and utilization of used power batteries. BYD emphasized its commitment to…
BC Transit to Electrify Fleet with 66 New Electric Buses Ordered from Nova Bus and New Flyer
British Columbia’s public transport provider, BC Transit, has announced the purchase of 66 electric buses from Nova Bus and New Flyer. This procurement is part of a broader initiative announced in 2019 to convert the fleet of over 1,000 vehicles to electric drive. “With this order, we are taking a significant stride towards achieving our vision of a fully electric bus fleet,” said BC Transit spokesperson in a statement. “These buses will not only help reduce our carbon footprint but also provide a quieter and smoother ride for our passengers.” The funding for this initiative, totaling CAD 395 million (€272…
Nikola, through its HYLA brand, has announced the opening of its latest high-pressure modular refueling station in Southern California. The new station, situated near the Port of Long Beach at 2267 W. Gaylord St., began operations on May 4, 2024. This development marks a significant step in Nikola’s strategic plan to establish a network of up to nine refueling solutions by mid-2024, with a total of 14 operational sites planned by year-end, including partner stations such as FirstElement Fuels’ facility in the Port of Oakland. Ole Hoefelmann, President of Energy at Nikola, stated, “We are pleased to inaugurate our second…
Toyota Motor is set to announce annual earnings on Wednesday, with expectations of a significant boost from the demand for hybrids. This demonstrates how the top-selling automaker is poised to benefit while enthusiasm for battery electric vehicles (EVs) cools off. Despite forecasted record results, supported in part by the weak yen currency, Toyota faces substantial challenges in crucial markets. In China, Toyota is under pressure from a fierce price war, while in the U.S., consumers are grappling with higher borrowing costs, impacting sales. Globally, the company is feeling the effects of increasing competition from Chinese rivals that are rapidly expanding…
In a bold move towards a sustainable future, Kia has unveiled its latest electric vehicle, the EV3 compact electric SUV. Set to debut on May 23 at 19:00 KST, the EV3 promises to redefine the affordability of electric vehicles, following the success of its predecessors, the EV6 and EV9. Embodying Kia’s ‘Opposites United’ design philosophy, which garnered accolades for the EV9, the EV3 is poised to make electric vehicles more accessible to a broader audience. Built on the E-GMP platform, the EV3 is not just a vehicle; it’s a statement from Kia about their commitment to an electric future. “Kia…
In a move signaling potential trouble for electric vehicle manufacturer Fisker, reports have emerged of the company beginning the process of shutting down its main headquarters in Manhattan Beach, California. Sources within the company have revealed that employees were asked to gather their belongings as part of a relocation to the company’s R&D facility in La Palma, California, approximately 40 miles away. The company has been grappling with significant financial difficulties throughout 2024, with the extent of its troubles coming to light after a recent expose by the Wall Street Journal. The report indicated that Fisker had only “weeks” of…
Mercedes-Benz’s G-Class, a legendary off-road vehicle renowned for its durability and ruggedness, has achieved a remarkable milestone. The German automaker recently disclosed that an astounding 80% of all G-Classes ever manufactured are still actively traversing roads worldwide, a testament to its enduring appeal and robust engineering. Since its inception in 1979, the G-Class has become synonymous with off-road capability and luxury. Despite being in production for nearly half a century, the G-Class continues to captivate enthusiasts and drivers alike, showcasing its timeless design and unwavering reliability. The introduction of the all-electric G580 EQ marks a new chapter in the G-Class’s…