Tesla's newly constructed Megafactory in Shanghai marks a significant milestone in energy storage, with trial production underway and mass production anticipated.
EV News
Hyundai will provide free NACS adapters for its EVs, enabling access to Tesla Superchargers, starting early 2025 for eligible models.
Xiaomi EV has announced partnerships with Nio, Xpeng, and Li Auto, enhancing its charging network access. This strategic move comes as 14 brands join Nio's network.
The BYD Dolphin has set a new benchmark for safety in Latin America, becoming the first battery electric vehicle to earn a five-star rating in the Latin NCAP tests.
CATL has announced an initiative to standardize swappable batteries, unveiling two Choco-SEB battery packs and planning 10 new models in partnership with automakers.
Chinese automaker Nio is set to launch a new affordable electric vehicle under its sub-brand Firefly, designed to compete with Tesla. The compact urban hatchback, featuring a large infotainment display and digital instrument panel, will debut on December 21 during the Nio Day event in Guangzhou, China. Nio plans to expand the model to Europe, though import tariffs may pose challenges.
Volvo secures a remarkable victory with three class wins at the prestigious Auto Trophy 2024, showcasing the exceptional quality and reliability of its electric and hybrid models.
Lithium-ion battery prices dropped significantly in 2024 to $115 per kWh, the largest decrease since 2017. Key factors include overproduction, economies of scale, reduced raw material costs, and the growing use of cheaper lithium iron phosphate (LFP) batteries. LFP batteries are safer, longer-lasting, and environmentally friendlier but have a lower energy density, limiting EV range.
Stellantis and CATL have announced a joint investment of up to €4.1 billion to build a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Scheduled to begin production by the end of 2026, the factory aims to achieve a capacity of up to 50 GWh annually, supporting the production of affordable and durable batteries for electric vehicles.
Chery's iCar V23, an electric off-road SUV, is set to hit the market on December 16, marking the brand's second mass-produced vehicle entry.
