Author: Jackson Han

Geely Automobile Holdings has announced its intention to achieve profitability in 2024 on a Hong Kong financial reporting standard basis, driven by higher sales and gross profit for its electric vehicle (EV) brand Zeekr. According to Geely’s earnings report, Zeekr is targeting sales of 230,000 units this year, representing a significant growth of about 94 percent compared to the 118,685 vehicles delivered in 2023. To expand its market presence, Zeekr plans to launch three new models in 2024, including the Zeekr Mix, an all-electric mid-size luxury SUV, and a top-of-the-line luxury all-electric MPV (Multi-Purpose Vehicle). These new models will…

Fiat is making a significant pivot in response to the sluggish electric vehicle (EV) market by converting its electric 500e model back to an internal combustion engine (ICE) variant, according to recent reports. The 500e, launched in the U.S. earlier this year and in Europe in 2020, has coexisted with the older, less expensive ICE-powered 500 in Europe. However, the aging ICE 500 will be discontinued in Europe this year due to non-compliance with the region’s latest safety and cybersecurity regulations, though it will continue to be sold in Africa, as reported by Auto News. Rather than invest in updating…

Xpeng has reported its business figures for 2023, showing significant growth in both deliveries and revenue. The company delivered a total of 141,601 electric cars in 2023, marking a 17.3% increase compared to the previous year. Total revenue for the year reached 30.68 billion yuan (3.98 billion euros), up 14.2% from 2022. However, Xpeng also reported increased losses, with losses rising to 10.38 billion yuan (1.35 billion euros) in 2023, a 13.5% increase from the previous year. Xpeng’s performance in the fourth quarter of 2023 was particularly strong, with 60,158 vehicles delivered, representing a 170.9% increase compared to the same…

Atlante, a player in the electric vehicle (EV) charging infrastructure market, has teamed up with Shift4, a global payment technology provider, to enhance the payment experience at Atlante’s charging stations across Southern Europe. The partnership aims to simplify the payment process, making clean mobility more accessible and consumer-friendly. “With approximately 7.8 million electric vehicles on European roads alone in 2022, EV infrastructure in Europe is lagging,” the partners stated. They highlighted the need to address not only the lack of infrastructure but also the complex and inconvenient payment experiences at public charging stations. While details about the charging infrastructure were…

Just a day after the MIIT information regarding the Zeekr MIX surfaced, more details are emerging about this highly anticipated electric SUV. While the pronunciation of its name remains a mystery, new insights into its design and features are shedding light on what to expect. Recent pictures of a camouflaged MIX prototype reveal a unique door configuration. The driver’s side features a conventional opening door, while the passenger side showcases a sliding door setup for both front and rear passengers. Additionally, a gold-colored Zeekr MIX was spotted testing in Heihe, providing a glimpse of its two-tone paintwork, featuring a mix…

Nio has signed a new cooperation agreement with its battery supplier CATL to develop longer-lasting electric car batteries, aiming for the battery to retain 85 per cent of its capacity after 15 years. This agreement is part of Nio’s efforts to reduce the overall costs of electric vehicles. CATL has developed technologies to extend the service life of vehicle batteries, such as a self-repairing SEI (Solid Electrolyte Interphase) film and special additives. Nio, on the other hand, has developed an intelligent battery cloud system to optimize battery management for a longer service life. Nio’s founder and CEO William Li emphasized…

China’s BYD is set to challenge established automakers in Europe with plans to triple its share in the electric vehicle (EV) market by 2025, following its success in dominating its home market. The company entered the European market in 2021, initially targeting Norway. Last year, BYD sold 15,644 electric cars in Europe, capturing a 1.1% share of the region’s EV market, according to global data collection firm DataForce. See also: BYD Introduces the SEAL U DM-i to European Markets at Geneva International Motor Show 2024 However, BYD views this as just the beginning of its European expansion. Europe CEO Michael Shu…

Li Auto announced plans to unveil new, more affordable variants of its L-series extended-range electric vehicle (EREV) models in May, alongside enhanced car-buying benefits for 2024 models starting this month. The company recently debuted the 2024 Li L7, Li L8, and Li L9 on March 1, each maintaining the same nomenclature as the 2023 models but now featuring air suspension as a standard feature. Notably, the 2023 Li L7 Air and Li L8 Air models did not include air suspensions but instead featured CDC suspensions. The Li L9 model does not offer an Air version, and the previous Pro and…

Just unveiled last week, Rivian’s latest offering, the R2, is set to bring a blend of funky styling, attractive pricing, and fun features to the electric vehicle market. One of its standout features is a movie projector housed in the optional rooftop tent, known as the ‘Treehouse.’ In an interview with TechCrunch, Brian Gase, Senior Director of special projects and prototypes at Rivian, confirmed that the R2’s rooftop tent will indeed include a movie projector, powered by one of the vehicle’s power sources. The tent, stored in a black ‘hardshell’ that opens upwards, transforms into a compact rooftop tent. A…

The number of battery-electric cars registered in Germany surged by 39.1 percent to reach 1.4 million in 2023, according to the latest data from the Federal Motor Transport Authority (KBA). In comparison, the number of hybrid cars now stands at 2.9 million. However, registrations for diesel and petrol cars experienced a slight decline, with diesel down 2 percent and petrol down 1.1 percent. Fossil fuels still power approximately 44.4 million passenger vehicles on German roads. See also: Tesla Leads Canadian Zero-Emission Vehicle Market in 2023, Despite Overall Drop in Share Germany has a total of 49.1 million registered passenger cars,…

Rivian surprised the automotive world by unveiling its highly anticipated R2 SUV with a starting price of just $45,000. In addition to the R2, the company also introduced another vehicle, the R3, and showcased a new battery cell, the 4695, which will power both cars. The 4695 cell gets its name from its diameter of 46 millimeters and height of 95 millimeters, making it considerably larger than Tesla’s 4680 cells. While Rivian has yet to release detailed specifications for the 4695 cell, its larger size suggests it will hold more energy than Tesla’s cells. Larger cells also typically allow for…

Neta Auto, a subsidiary of Chinese electric vehicle (EV) maker Hozon Auto, is set to commence deliveries of its new model, the Neta L, in April, according to CEO Zhang Yong’s announcement on Weibo today. The Neta L, yet to be officially launched, is still undergoing discussions regarding its configuration, as mentioned by Zhang. The model has been anticipated for months, with Neta indicating that it will be available in both extended-range electric vehicle (EREV) and battery electric vehicle (BEV) versions. See also: Neta Auto Initiates IPO Preparation in Q4 2023, Attracts Over $280 million in Cornerstone Investments In a response…