Author: admin

Honda and GM have dissolved plans that might have resulted in millions of affordable EVs across many different models. The two companies on Wednesday confirmed an early end to a partnership announced in April 2022, through which GM and Honda expanded their partnership to jointly develop a line of affordable EVs for both automakers based on next-generation Ultium battery tech and set to go on sale in 2027.  General Motors’ BEV3 platform and Ultium batteries “Last year, we began working on an affordable EV program for global markets, which was slated for introduction in 2027. After extensive studies and analysis,…

Fisker on Monday announced a $7,500 price cut for the top Extreme grade of its 2024 Ocean electric SUV, but prices for other versions saw small increases. Pricing for the dual-motor all-wheel-drive Ocean Extreme now starts at $61,499 before destination instead of the previous $68,999. Customers who already placed orders will receive a $7,500 price adjustment, Fisker confirmed in a press release. Fisker Ocean In the same release, Fisker also confirmed price increases for the base Sport and mid-level Ultra models effective Nov. 6, when 2024 calendar-year orders for all trim levels open. From that date, the Sport will start…

General Motors is delaying production of the Chevrolet Equinox EV, as well as the ramp-up of the Chevy Silverado EV and GMC Sierra EV pickups, according to statements made by CEO Mary Barra in a quarterly earnings call held Monday afternoon. Production delays of “just a few months” will allow for changes aimed at improving efficiency and lowering production costs, Barra said during the automaker’s recent third-quarter investor call. Barra noted that planned changes will “make the trucks more efficient and less expensive to produce, and therefore more profitable” in the future. 2024 Chevrolet Silverado EV WT GM last week…

As part of the deal, Leapmotor and Stellantis are also discussing a joint venture, according to Bloomberg. https://img.cnevpost.com/2023/10/25204149/2023102512414925.mp3 (Image credit: CnEVPost) Stellantis NV, Europe’s second-biggest carmaker by sales, is close to reaching a deal to buy about 20 percent of Chinese electric vehicle (EV) company Leapmotor, Bloomberg reported today, citing people familiar with the matter. The companies are finalizing details of the deal and could make an announcement as soon as the next few days, the people said. As part of the deal, Leapmotor and Stellantis are also discussing a joint venture, according to the report. The partnership could allow…

BYD has become the first Chinese automaker to participate in the Tokyo auto show, with the ultra-luxury Yangwang U8 making its overseas debut and demonstrating its tank turn feature. https://img.cnevpost.com/2023/10/25194507/2023102511450758.mp3 (Image credit: BYD) BYD (OTCMKTS: BYDDY) is participating in the ongoing Tokyo auto show, after announcing its entry into the Japanese passenger car market a year ago. The Chinese new energy vehicle (NEV) giant is exhibiting five models and technologies at the show, becoming the first Chinese automaker in history to participate in the event, it said today. The show, which runs from October 25 to November 5, has been…

Honda is bringing back one of its greatest mobility ideas in the age of electrification and sustainability, at least in concept form. Say hello to the Sustaina-C and Pocket duo that was revealed at this year’s Japan Mobility Show as a sort of modern reinterpretation of the City and Motocompo pack that was offered in Japan back in the 1980s. But while the City and accompanying folding scooter from 40 years ago were powered by gasoline, the Sustaina-C hatchback and Pocket scooter are all about electricity. With this being said, the Nippon carmaker that also gave us a glimpse of…

China’s retail penetration of NEVs was 38.9 percent in the October 1-22 period. https://img.cnevpost.com/2023/10/25174003/2023102509400336.mp3 (Image credit: CnEVPost) China’s passenger new energy vehicle (NEV) retail sales were 472,000 units from October 1 to October 22, up 42 percent year-on-year and up 4 percent from the same period last month, data released today by the China Passenger Car Association (CPCA) showed. So far this year, retail sales of passenger NEVs in China amounted to 5.659 million units, up 34 percent year-on-year. From October 1 to October 22, China’s wholesale sales of passenger NEVs were 515,000 units, up 8 percent year-on-year, but down…

Xpeng delivered 40,008 vehicles in Q3, within guidance range, with new SUV G6 contributing 48.6 percent. https://img.cnevpost.com/2023/10/25172550/2023102509255094.mp3 Xpeng (NYSE: XPEV) will report unaudited financial results for the third quarter on Wednesday, November 15, before the US markets open, the Chinese electric vehicle company announced today. The company’s management will host an earnings call on November 15 at 8:00 am US Eastern Time (9:00 pm Beijing Time). Xpeng delivered 40,008 vehicles in the third quarter, an increase of 35.30 percent year-on-year and up 72.41 percent from the second quarter. Deliveries for the quarter were within the company’s previously guided range of…

Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region. https://img.cnevpost.com/2023/10/25163124/2023102508312458.mp3 (Image credit: Pony.ai) Chinese autonomous driving startup Pony.ai today announced a $100 million investment from Saudi Arabia’s Neom and its investment fund NIF (Neom Investment Fund), confirming a local media report yesterday. The funding will be used to invest in Pony.ai’s R&D and operations in autonomous driving technology globally, the company said in a press release today. Pony.ai plans to set up a joint venture with Neom in northwestern Saudi Arabia to provide autonomous driving technology…

Rumors on Chinese social media said HiPhi will lay off up to 20 percent of its workforce and up to 50 percent in some divisions. https://img.cnevpost.com/2023/10/25154034/2023102507403420.mp3 (Image credit: CnEVPost) Chinese premium electric vehicle (EV) maker Human Horizons’ HiPhi brand is reportedly in the midst of massive layoffs, underscoring the dilemma faced by some of the smaller players in a highly competitive market. HiPhi management began giving verbal notification of the layoffs to some executives in the middle of this month, involving each department in varying proportions, local media outlet Jiemian reported today, citing people familiar with the matter. The layoffs…