Tesla

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Jul 21

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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

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

Rivian

VW And Rivian Eye Licensing EV Tech To Rivals As Post-Tax Credit Market Reshapes Industry

Volkswagen and Rivian are exploring opportunities to license their jointly-developed electric vehicle platform to competing automakers, marking a strategic shift that could transform the $5.8 billion partnership from an exclusive collaboration into an industry-wide technology provider. The announcement came during a media event in Palo Alto on November 12 as the joint venture known as…

Haye KestelooNov 13

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

Rivian

Volkswagen Admits Rivian Tech Could Power Gas Cars As EV Strategy Wavers Post-Tax Credit

Volkswagen suggested Wednesday that technology developed through its $5.8 billion partnership with Rivian could eventually be used in internal combustion engine vehicles, marking a notable shift in messaging just six weeks after the federal EV tax credit expired and triggered a historic market collapse. The acknowledgment from Carsten Helbing, co-CEO of the joint venture RV…

Haye KestelooNov 12

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

Volkswagen

Volkswagen ID. Unyx 08 Abandons German DNA For Chinese EV Tech In Desperate Market Gambit

Volkswagen has unveiled the ID. Unyx 08, a China-exclusive electric SUV that looks nothing like a traditional Volkswagen—and that’s exactly the point. The five-meter electric SUV, co-developed with Chinese EV maker Xpeng, represents the German automaker’s acknowledgment that it can’t beat Chinese competitors at their own game, so it’s joining them instead. The production version…

Haye KestelooNov 12

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

Tesla

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