Europe

Every EVXL story tagged “Europe” — newest first.

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Jul 14

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VinFast

VinFast Losses Nearly Double to $911M as Premium EV Strategy Collapses Against Chinese Competition

Vietnamese EV maker VinFast reported staggering third-quarter losses of $910.85 million, nearly double the $503 million lost in the same period last year, as the company’s premium pricing strategy crumbles under pressure from cost-efficient Chinese competitors. Despite achieving 47% revenue growth, VinFast’s gross margins deteriorated to negative 56.2%, meaning the company loses more than half…

Haye KestelooNov 21

Ford

Ford UK Chief Warns Against EV Tax As Company Loses $1.4 Billion Per Quarter

Ford’s UK managing director is pushing back against proposed electric vehicle taxation just weeks after the U.S. federal tax credit expiration triggered the exact market collapse she’s warning about—exposing how legacy automakers built EV strategies dependent on perpetual government subsidies rather than genuine competitiveness. Lisa Brankin, Ford UK’s chair and managing director, told the BBC’s…

Haye KestelooNov 20

BYD to Double European Dealers to 2,000 by 2026, Confirms Multi-Factory 'Localization' Strategy

Tesla

UK Targets Chinese EVs With Military Ban Over Unproven Spying Fears—Importing America’s DJI Playbook

The UK Ministry of Defence is considering a blanket prohibition on Chinese-manufactured electric vehicles for military personnel, citing concerns that built-in cameras and microphones could enable espionage. The move follows months of restrictions at sensitive military sites and mirrors security theater tactics the United States previously deployed against Chinese drone manufacturer DJI—despite a

Haye KestelooNov 19

Xiaomi Enters Electric Vehicle Market with Ambitious Goals

Tesla

Xiaomi Beats Tesla to Profitability in Just 19 Months: The ‘Smartphone on Wheels’ Model Works

Xiaomi’s EV division posts a $98 million profit in Q3 2025, validating a “ruthlessly efficient” consumer tech strategy that puts Apple’s failed car project to shame. Xiaomi has achieved the holy grail of the electric vehicle industry—profitability—in record time, reports Bloomberg. The Chinese consumer electronics giant reported a 700 million yuan ($98 million USD) profit…

Haye KestelooNov 19

BYD

BYD to Double European Dealers to 2,000 by 2026, Confirms Multi-Factory ‘Localization’ Strategy

Chinese automaker BYD is aggressively accelerating its European expansion, confirming plans to double its sales network to 2,000 locations by the end of 2026. The move is part of a broad “localization” strategy to build vehicles inside Europe, effectively neutralizing the threat of EU import tariffs according to a report from Reuters. This news confirms…

Haye KestelooNov 17

California

California Airport Pioneers V2G Technology: Nissan Leafs Power Critical Infrastructure Through Bidirectional Charging

A groundbreaking vehicle-to-grid project at California’s Redwood Coast Airport is demonstrating how electric vehicles can serve as more than just transportation—they’re becoming mobile power plants that strengthen grid resilience and reduce costs. PG&E, Nissan, Fermata Energy, and the Schatz Energy Research Center at Cal Poly Humboldt have successfully integrated two previous-generation Nissan Lea

Haye KestelooNov 16

Hyundai

South Korea Boosts EV Subsidies 20% To Counter Trump Tariffs As Hyundai-Kia Struggle

South Korea announced Friday it will increase electric vehicle subsidies by 20% in 2026 as part of a broader support package designed to help the country’s automakers survive the Trump administration’s punishing tariffs. The move signals Seoul’s willingness to fight protectionism with government intervention—a strategy that’s becoming standard playbook as the global trade war reshapes…

Haye KestelooNov 14

F-150 Lightning

America’s $28 Billion Battery Belt Collapses Into Ghost Towns As EV Demand Craters Post-Subsidy

The Detroit News reports that two years after promising an electric vehicle manufacturing revolution, America’s Battery Belt has collapsed into a landscape of stalled construction sites, mass layoffs, and desperate pivots to non-EV products. Despite $28 billion in taxpayer subsidies, the grand vision of Midwest EV dominance is crumbling just six weeks after federal tax…

Haye KestelooNov 13

Europe

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