Author: Ryan Fisher

Nio reported 13,192 vehicle deliveries in February, marking a 62.22% increase from a year earlier but a 4.84% decline from January. The company’s overall performance was affected by weaker sales from its Onvo sub-brand, despite a rebound in deliveries for the main Nio brand. The Nio brand delivered 9,143 vehicles in February, rising 12.43% year-over-year and 14.99% from the previous month. Onvo, however, saw a drop in deliveries, with 4,049 units in February, down 31.51% from January’s 5,912 vehicles. See also: Onvo L90 Teased in First Official Image, Set to Rival Li Auto’s Li i8 The early months of the…

Xiaomi’s first electric vehicle, the SU7, has seen strong market reception, with more than 248,000 locked-in orders by the end of 2024, company founder and CEO Lei Jun announced at a product launch event. The tech giant delivered over 135,000 SU7 units throughout the year. Xiaomi, best known for its consumer electronics, introduced the SU7 in March 2024 and has since delivered over 20,000 units per month in the past four months. See also: Xiaomi Expands EV Production as Demand for SU7 Remains Strong The sedan is available in three variants—Standard, Pro, and Max—with starting prices of RMB 215,900 ($30,000),…

Hong Kong-listed LiDAR maker RoboSense Technology  has announced plans to raise funds through a share placement, aiming to enhance its research and development (R&D) capabilities, particularly in the robotics sector. The company has entered into a placing agreement with agents to offer up to 22 million new shares to at least six institutional investors, according to a stock exchange filing on Monday. See also: RoboSense Hits One Million LiDAR Deliveries, Expands Focus on Robotics The placement price is set at HK$46.15 per share, an 8.43% discount to RoboSense’s closing price of HK$50.40 on February 25. The offering represents approximately 4.89%…

Ford Motor is offering significant discounts on its electric vehicles, making its popular Mustang Mach-E more affordable to lease than some gasoline-powered sedans. With competitive pricing and attractive incentives, the automaker aims to boost sales and maintain its position in the growing EV market. The latest lease offers make the Mustang Mach-E a compelling choice, with monthly payments in some regions lower than those for a Toyota Camry, despite the EV having a higher sticker price. The Mustang Mach-E, which ranked as the third best-selling electric vehicle in the U.S. in 2024 with over 51,700 units sold, has outperformed its…

BMW is reassessing its timeline for manufacturing all-electric Mini vehicles in Britain, citing uncertainties facing the automotive industry, the German automaker said on Saturday. The company had announced in 2023 that it would invest 600 million pounds ($757.8 million) to transition its Mini brand to an all-electric lineup by 2030, with production set to begin in Oxford in 2026. However, BMW Group said it is now reviewing that schedule. See also: BMW Shelves Plans for Convertible Version of Electric Mini Cooper E “Given the multiple uncertainties facing the automotive industry, the BMW Group is currently reviewing the timing for reintroducing…

Polestar is rolling out major updates for its Polestar 3 electric SUV, enhancing both software and hardware capabilities. The latest over-the-air (OTA) software update introduces a digital key function, allowing owners to lock and unlock their vehicle using an Apple iPhone or Apple Watch. The digital key, stored in Apple’s Wallet alongside boarding passes and payment cards, can be shared with up to five users, with customizable access permissions. The feature is also compatible with Android devices, enabling cross-platform sharing. The announcement follows Samsung’s recent confirmation that its Digital Key functionality would be available for the Polestar 3. The Polestar…

Rivian’s planned $6.6 billion federal loan for its upcoming electric vehicle manufacturing plant in Georgia is under scrutiny following a freeze on federal loans by U.S. President Donald Trump, raising concerns about the project’s funding. The U.S. Department of Energy approved the loan last month, just before the change in administration. However, Georgia Governor Brian Kemp said he is uncertain about the loan’s status under the new administration. “They secured that loan at the tail end of the Biden administration, and I think there’s no secret that the Trump administration is taking a look at all those things,” Kemp told…

Nottingham City Transport (NCT) has taken another step toward eliminating diesel buses from its fleet, with the latest arrivals from its order of 48 electric single-deck buses. The operator said the new additions mark “the first phase of the next batch of 24 electric single-deck buses, which will be introduced in the next few months.” See also: Chicago Public Transit Agencies Secure $58 Million for Electric Bus Fleet Expansion NCT already has 24 electric buses in operation, delivered in April and May last year. The newly received vehicles are part of an additional 24 set to enter service in the…

Paris public transport operator RATP has put its 1,000th electric bus into service, marking a key milestone in the city’s transition to cleaner urban mobility. At the same time, Île-de-France Mobilités announced that the Point du Jour site has become the eighth bus depot in the capital to be fully electrified. RATP, which operates in Paris and the surrounding region, is advancing its ‘Bus2025’ initiative aimed at reducing emissions. Currently, 70% of its fleet consists of electric, biomethane, or hybrid buses. “The completion of the Point du Jour bus centre and the commissioning of the 1,000th electric bus represent a…

Volkswagen (VW) and Audi are considering extending the production of some combustion engine models beyond the previously set 2033 phase-out date in Europe, as the electric vehicle (EV) market develops more slowly than anticipated, German newspaper Handelsblatt reported on Wednesday, citing company insiders. A final decision on the extended availability of internal combustion engine (ICE) models is expected at VW’s upcoming investment planning round in early March, according to the report. The Volkswagen brand is reviewing the possibility of additional facelifts for best-selling models such as the Golf, T-Roc, and Tiguan, while Audi is assessing a longer production cycle for…

BYD, the world’s largest all-electric car maker, is shifting its focus to advanced driver assistance systems (ADAS) with the launch of its “God’s Eye” technology. This new suite of systems, which will be available for free across the company’s portfolio, marks a sharp contrast to Tesla’s $8,000 Full Self-Driving (FSD) feature, with additional monthly subscription options. See also: Everything You Should Know About BYD’s “God’s Eye” Driving Assistance System God’s Eye, which utilizes BYD’s DiPilot technology, will offer three versions: God’s Eye A, B, and C. The top-tier system, God’s Eye A (DiPilot 600), boasts peak computing power of 600…

Taiwan’s Foxconn is considering taking a stake in Nissan as part of potential cooperation talks, Chairman Young Liu said on Wednesday, following the Japanese automaker’s difficulties after backing out of merger discussions with rival Honda. “If cooperation requires it (purchasing Nissan shares), we will consider it,” Liu told reporters. “But purchasing its shares is not our aim; our aim is cooperation.” He added that Foxconn is also in talks with Renault, Nissan’s largest shareholder, which holds a 36% stake in the Japanese company. See also: Nissan, Honda End Merger Talks, Will Continue EV Collaboration Nissan, which has faced challenges in…