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Jul 2

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XPeng

XPeng Forecasts Weak Q4 Revenue Despite Record Deliveries As China’s EV Price War Claims Another Victim

Chinese electric vehicle maker XPeng issued a disappointing fourth-quarter revenue forecast on Monday, signaling that even record-breaking delivery numbers can’t shield automakers from China’s relentless EV price war that continues eroding profitability across the sector. The Guangzhou-based automaker projects Q4 revenue between 21.5 billion yuan ($3.03 billion) and 23 billion yuan, falling well s

Haye KestelooNov 17

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

Polestar

Polestar Executes Reverse Stock Split to Avoid Nasdaq Delisting as Q3 Losses Hit $365 Million

Chinese-owned electric vehicle maker Polestar announced a reverse stock split on Wednesday as the struggling automaker fights to maintain its Nasdaq listing while reporting a widening third-quarter net loss of $365 million—up from $323 million in the same period last year. The financial engineering maneuver comes as the Geely-backed EV maker faces a perfect storm…

Haye KestelooNov 12

Model Y

Missouri Police Department Tests Tesla Model Ys After Federal Tax Credit Expiration

The Carl Junction Police Department in Missouri has added two Tesla Model Y electric vehicles to its fleet, testing whether EVs remain cost-effective for law enforcement in the post-subsidy era. KSNF in Joplin reports that one Model Y has been assigned to the detective division while the other serves patrol duty, with officers documenting significant…

Haye KestelooNov 8

Lucid

Lucid Cuts 2025 Production Forecast To 18,000 As Supply Chaos And Weak Demand Squeeze Luxury EV Maker

Lucid Motors slashed its 2025 production forecast to 18,000 vehicles on Wednesday, marking the second consecutive cut in three months as the Saudi-backed luxury EV maker struggles with supply chain disruptions and collapsing post-tax-credit demand. Interim CEO Marc Winterhoff told Reuters the company would hit the lower end of its August guidance range of 18,000-20,000…

Haye KestelooNov 6

China

EU Launches RESourceEU Plan To Break China’s Stranglehold On EV Motor Magnets

The European Union announced a comprehensive strategy to slash its dangerous dependence on Chinese rare earth materials just 16 days after Beijing imposed sweeping export restrictions that threaten to choke European electric vehicle production. European Commission President Ursula von der Leyen unveiled RESourceEU on Saturday at a conference in Berlin, calling China’s October 9 export…

Haye KestelooOct 26

Rivian

Rivian Slashes 600 Jobs as Trump’s EV Policy Upends Industry

Rivian Automotive is laying off approximately 600 employees—roughly 4.5% of its workforce—as the electric vehicle maker faces mounting pressure from the September 30 expiration of federal EV tax credits and a broader slowdown in EV demand. The layoffs, first reported by The Wall Street Journal, mark the third workforce reduction in just four months for…

Haye KestelooOct 23

Toyota

Chinese Automaker Claims 48% Thermal Efficiency Engine, Surpassing Toyota’s Hybrid Tech

Omoda & Jaecoo, the export brands of Chinese automotive giant Chery Group, unveiled plans for an internal combustion engine achieving 48% thermal efficiency at their International User Summit in October 2025. If realized, this would dramatically outpace the industry standard and even exceed Toyota’s class-leading hybrid powertrains. The announcement signals that while the world races…

Haye KestelooOct 22

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