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Once an EV darling thought to revolutionize EV production with its concept of micro-factories that crank out delivery vans for the likes of Uber and UPS, UK startup Arrival is in a desperate search for funding after being delisted from Nasdaq this week. Nasdaq suspended trading of Arrival shares this week, followed by a formal delisting, Reuters reports. The action is the result of Arrival being late in posting financial results and failing to file a remediation plan and hold an annual shareholder meeting.After announcing it was slashing its workforce by 50% last year, Arrival said it had receive a…
The computing unit, called the MDC 810, powers advanced driver assistance systems, according to Reuters. (Image credit: CnEVPost) Several Huawei-backed electric vehicle (EV) models have been experiencing delivery difficulties recently, and this is reportedly linked to production issues with the Chinese tech giant’s computing unit. Production problems with a Huawei-made computing unit have forced some Chinese automakers to delay deliveries of their flagship models, Reuters said in a report today, citing five people familiar with the matter. Changan Automobile and Chery have filed complaints and are in talks to resolve the issue, two people familiar with the matter said, according…
It’s a highly relatable situation: You think you’re doing great at your job, you have a lot to show for your hard work, and you’re hoping to be rewarded with a nicer pay deal. And then the Delaware Court of Chancery goes and voids the unprecedented $55 billion compensation package you were hoping to lock down. We’ve all been there! That story kicks off today’s edition of our Critical Materials news roundup. Also on tap: a little more on General Motors’ decision to go back to offering plug-in hybrid cars, and Volkswagen is getting directly into the AI game. Let’s hit it. 30%:…
Great Wall Motor has brought in talents with direct store management experience, including a former retail director at Li Auto, according to local media. (Image credit: CnEVPost) Chinese auto giant Great Wall Motor is reportedly gearing up to open direct sales stores to allow its new energy vehicle (NEV) models to reach a more affluent customer base. Great Wall Motor is internally exploring the option of setting up direct stores for its NEV models and has already started recruiting talent, local media outlet LatePost said in a report today, citing several people familiar with the matter. The company has brought…
EV sales will reach 8.0% of the total U.S. new vehicle market this month, S&P Global Mobility has predicted. The market share of EVs won’t increase dramatically over the previous month, as automakers, dealers, and consumers digest new federal tax credit rules brought on by the Inflation Reduction Act (IRA) that went into effect with the start of the year, analysts anticipated. S&P expects this uncertainty to be a temporary speed bump to EV sales; in late 2023 it declared that it was doubling its U.S. EV sales forecast for 2030 due to the anticipated positive impact of IRA provisions.…
BYD currently has a network of more than 10 dealers in the Philippines and seven in Singapore. (Image credit: CnEVPost) BYD (OTCMKTS: BYDDF) hopes to open more than a dozen passenger car sales outlets in Singapore and the Philippines this year alone, roughly doubling the current number, Nikkei Asia reported today, citing the company’s managing director for both markets, James Ng. BYD has a network of more than 10 dealers in the Philippines and plans to add more than 20 sales points of sale this year, Ng said, according to Nikkei Asia. The new energy vehicle (NEV) maker plans to…
GAC Aion’s Thailand plant will be built in two phases, with the first phase scheduled for completion in July 2024. (Rendering of GAC Aion’s Thailand plant. Image credit: GAC Aion) GAC Aion, the electric vehicle (EV) subsidiary of GAC Group, has begun construction of its plant in Thailand, its first overseas production site. The plant, located in Rayong province in Thailand’s Eastern Economic Corridor (EEC), broke ground on January 26 with a planned investment of THB 2.3 billion ($65 million), according to a statement today. The facility, with a designed capacity of 50,000 units per year, will be built in…
The BMW 5-Series lineup adds two more plug-in variants for the 2025 model year. The automaker confirmed Tuesday that the 2025 BMW 550e xDrive plug-in hybrid will join the lineup for the new model year, along with a third version of the all-electric BMW i5 that launched for 2024 as part of a redesigned 5-Series range. BMW slots the plug-in hybrid between gasoline 5-Series models and the i5. Its powertrain consists of a 3.0-liter turbocharged inline-6 engine and an 8-speed automatic transmission with an integrated electric motor. This combination sends 483 hp and 516 lb-ft of torque to all four…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! In an old World War II training film, the United States military tried to teach marines and soldiers how to avoid getting killed when fighting Imperial Japan. Instead of telling them what to do, they use the device of a captured Japanese fighter to explain why people get killed. Obviously, nobody wants to learn how to cause themselves big problems, but knowing how bad things happen can help you avoid them. So, it was cool to see Jason at the Engineering Explained YouTube channel…
BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years. (Image credit: BYD) BYD (OTCMKTS: BYDDF) has signed a major agreement in Hungary to build its NEV (NEV) plant in the European country. BYD signed a preliminary land purchase agreement with the government of the city of Szeged for its passenger car plant in Hungary on January 30, according to a statement by the Chinese NEV maker today. This is BYD’s first European passenger NEV plant and one of the largest and most important investment projects in…