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Today — 12 November 2025Main stream

Audi’s China-Only EV Deserves An RS Treatment

  • Renderings reimagine Audi’s E5 Sportback as a high-performance EV.
  • Digital artist crafted a widebody E5 with flared arches and details.
  • Concept showcases Audi’s sharper, more daring Chinese-market design.

Some of Audi’s recent designs have sparked a bit of a debate, with a few clear wins and a few that miss by a mile. The new A6 Avant, for instance, looks handsome and well-proportioned, while the Q4 e-tron feels like it was designed by committee after the coffee ran out.

Read: Of Course, The New AUDI E5 EV Is Ridiculously Cheap In China

That’s why it might be worth Audi’s European design team taking a closer look at what their counterparts in China have accomplished with the all-electric E5 Sportback. The model shows how Ingolstadt could refresh its global EV aesthetics, blending familiar Audi precision with an edgier presence.

Every version of the E5 Sportback shares the same overall silhouette, but with the right enhancements, there’s plenty of room for visual drama.

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Sugar Design/Instagram

These renderings from Sugar Design depict it in widebody guise inspired by the RS6 Avant and it looks absolutely brilliant. Who said EVs need to look bland and boring?

Immediately, the E5 looks a lot more menacing with the blacked-out front fascia, which is ordinarily painted to match the rest of the body on the standard model. By adding black color, the intricate LEDs running around the fascia are more visible.

Additionally, lowering the car and installing a sharp new splitter makes the car look a whole lot more aggressive. The RS badge is a nice touch, too.

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Sugar Design/Instagram

Just like a proper RS model, the E5 Sportback has also been imagined with flared wheel arches at the front and rear. It also sits on oversized wheels and, as with the standard model, has a contrasting gloss-black roof.

Completing the stylistic changes is a new blacked-out rear fascia that, like the front, has a transformative effect on the car’s overall design.

For now, we’re not getting our hopes up that Audi will bring some of the E5’s key design elements into global markets. Still, considering how quickly the model has gained traction there, borrowing a few of its visual ideas might not be such a bad move for the global lineup.

 Audi’s China-Only EV Deserves An RS Treatment
The standard AUDI E5 Sportback

Tesla Can’t Sell Its EVs So It’s Renting Them Out From $60 A Day

  • Tesla launches $60-per-day rentals to offset slowing sales nationwide.
  • Only Premium trims offered, excluding base, Performance, and Plaid.
  • Rentals capped at seven days with strict in-state driving limits.

It looks like Tesla’s found itself with a problem of abundance. The automaker has more cars sitting on lots across the United States than it seems to know what to do with. And with the federal EV tax credit gone, sales have slowed considerably.

To keep things moving, Tesla has decided to do something a little different, by renting out its own cars directly to customers, starting at two locations in California, with more likely on the way.

Read: Elon Musk’s Trillion Dollar Pay Hinges On A Bet That Could Break Tesla

The company recently confirmed that its stores in San Diego and Costa Mesa are now offering rentals from the entire Tesla lineup.

What Does It Cost?

 Tesla Can’t Sell Its EVs So It’s Renting Them Out From $60 A Day

If you’ve been curious about living with a Model 3 or Model Y, you can now take one home for as little as $60 per day. The Cybertruck, perhaps the most talked-about of the bunch, is listed at $75 per day, while the more premium Model S and Model X command $90 per day.

Of course, no deal from Tesla would be complete without some important caveats. For starters, cars must be rented for a minimum of three days and a maximum of seven days.

Furthermore, while renters will be able to enjoy unlimited mileage, they will not be permitted to drive the Tesla out of the state. They’ll also be hit with a $30 fee if the car is returned with less than 50 percent charge.

There’s no word on whether the advertised rates include insurance, or if Tesla, like traditional car rental companies, will try to sting shoppers with exorbitant insurance fees.

 Tesla Can’t Sell Its EVs So It’s Renting Them Out From $60 A Day

What we do know is that only the upper-tier Premium trims are being offered. The entry-level Standard versions aren’t part of the deal, and neither are the high-performance Performance or Plaid variants.

Tesla will no doubt hope that by offering cheap rentals, it can convince interested shoppers to place an order. To help further convince them, they’ll receive a $250 credit if they place an order within seven days of the rental.

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Hyundai And Kia EV Sales Collapse After Tax Credits Vanish Overnight

  • Hyundai’s Ioniq 5 sales plunged after federal tax credits ended.
  • Kia’s EV9 and EV6 saw steep drops of 66 and 71% respectively.
  • Kia delayed its EV4 launch citing changing U.S. market conditions.

We all knew that sales of EVs in the US would fall dramatically in October, since there’s no $7,500 federal tax credit available. However, major automakers like Hyundai and Kia may not have anticipated just how dramatically sales would fall due to this policy change.

Starting with Hyundai, it recently confirmed that it sold 70,118 vehicles last month, a 2 percent decline from the 71,802 in October 2024. Importantly, year-to-date sales are up 10 percent to 748,467. But this is where the good news mostly ends.

Read: Hyundai Enjoys Record Sales Thanks To Some Unlikely Models

Sales of the Ioniq 5 plummeted 62 percent to just 1,642 units, down from 4,498 sold last October. Similarly, Hyundai sold 52 percent fewer Ioniq 6s, down from 837 units to 398. The Ioniq 9 wasn’t available last year, but it hasn’t been a big seller this year, shifting 4,494 units year-to-date and just 317 in October.

Other Hyundai models that experienced significant declines included the Kona (-13 percent), Santa Cruz (-29 percent), Sonata (-32 percent), and Elantra (-16 percent). Helping to prop up total sales were the likes of the Palisade (+6 percent), Santa Fe (+22 percent), Tucson (+16 percent), and Venue (+49 percent).

Hyundai USA Sales
Model25-Oct24-OctDiff25 YTD24 YTDDiff
Elantra10,22412,151-16%126,436113,76911%
Ioniq 51,6424,498-64%42,73334,81623%
Ioniq 6398837-52%9,5309,934-4%
Ioniq 93174,494
Kona4,9695,685-13%62,24770,193-11%
Nexo24-50%593-95%
Palisade9,5498,9836%102,33190,77513%
Santa Cruz1,7192,427-29%22,35227,598-19%
Santa Fe11,8009,64422%113,96093,32522%
Sonata4,3066,300-32%50,22054,730-8%
Tucson23,03619,82916%18,8275165,77614%
Venue2,1561,44449%25,88421,28722%
Total70,1187,1802-2%748,467682,29610%
SWIPE

Kia’s EV Collapse

Things are similar at Kia. Year-to-date, it sold 705,150 vehicles, a solid increase from the 653,078 units moved over the same period in 2024. Its total sales also rose slightly in October from 68,908 units to 69,002. However, like Hyundai, Kia EVs didn’t share in this success.

Kia sold just 666 examples of the three-row EV9 this October, over 1,941 examples sold the same month last year. Overall sales of the EV9 this year are down from 17,911 to just 13,114. Then there’s the EV6, which saw its number fall from 1,732 to just 508.

Through the first ten months of the year, 11,585 EV6s have been sold compared to the 17,717 last year. Kia also sells the Niro as an EV in the US, but has grouped its sales with those of the gasoline and hybrid versions.

These numbers come just after Kia confirmed that it has postponed the American launch of the EV4 “until further notice” due to changing market conditions.

Kia USA Sales
Model25-Oct24-OctDiff25 YTD24 YTDDiff
EV96661,941-66%13,11417,911-27%
EV65081,732-71%11,58517,717-35%
K4/Forte9,95512,858-23%117,598116,8621%
K57,6315,81831%60,21234,29476%
Soul3,9914,622-14%44,39944,716-1%
Niro2,6981,54675%22,80726,678-15%
Seltos5,6224,26632%45,68752,443-13%
Sportage16,05713,68117%150,159132,43913%
Sorento6,6987,841-15%80,71077,0175%
Telluride8,5719,694-12%101,06991,44811%
Carnival6,6054,90935%57,81039,63646%
Total69,00268,9080%705,150653,0788%
SWIPE
 Hyundai And Kia EV Sales Collapse After Tax Credits Vanish Overnight

The EV Slowdown Just Made Toyota Change Its Mind Again

  • Toyota must begin development within three years of buying land.
  • The automaker has also cut its global electric vehicle sales outlook.
  • Brand’s EV sales have grown by just over twenty percent this year.

For the second time this year, Toyota has delayed its plan to build a new factory dedicated to EV batteries in Japan’s Fukuoka Prefecture. The decision, while not unexpected, highlights the company’s cautious approach amid fluctuating global demand for electric vehicles.

Sales of Toyota’s EVs have slowed, yet the automaker maintains that the plant will still move forward in due course.

Read: Toyota’s Lineup Overhaul Could Include A Surprise Sedan And Electric Highlander

Toyota paid roughly 6 billion yen, about $39 million, for the site located in an industrial zone under development in northeastern Fukuoka Prefecture. As part of the purchase, the company agreed to begin construction within three years.

Earnings Results Shift The Timeline

Despite this, the car manufacturer announced in March that it would postpone work at the site due to fall demand for its EVs. The governor of Fukuoka, as well as Toyota President Koji Sato, have since confirmed work on the site has been postponed for a second time.

Production had initially been slated to start in 2028, though an updated timeline has yet to be provided, according to Nikkei Asia.

 The EV Slowdown Just Made Toyota Change Its Mind Again

Word of the delay coincided with Toyota’s latest earnings report. It cut its global EV sales expectations by 10 percent from a previous forecast of 277,000 units for the fiscal year ending March 2026.

Even so, Toyota hasn’t ruled out adjusting its long-term targets, including its aim to reach 1.5 million global EV sales in 2026, a figure that could yet evolve as market conditions change.

Toyota Is Still Betting On EVs

Notably, Toyota is still investing heavily in new electric vehicles and factories. It continues to work towards opening a new factory in Shanghai, China, around 2027, to produce EVs for Lexus. This facility will likely handle the production of the LF-ZC and LF-ZL that were introduced a couple of years ago as concepts.

Toyota’s EV sales through the first nine months of the year were actually up 20.6 percent to 117,031 units, but even so, that number has still fallen short of expectations.

Until the company is confident that sales will rise significantly, it doesn’t make sense to rush and build new plants only for them to sit idle or operate at partial capacity.

 The EV Slowdown Just Made Toyota Change Its Mind Again

Sources: Nikkei Asia

Before yesterdayMain stream

BMW’s Next i1 Hatch Could Be The Coolest Thing It’s Done In Years

  • BMW will expand Neue Klasse with a new i1 electric hatch.
  • Rendering imagines the i1 with sporty shooting brake styling.
  • Market demand in Europe keeps BMW’s compact lineup alive.

BMW’s next generation of models is rolling out fast, and the brand isn’t shy about spreading the Neue Klasse concept across its range. What began with the iX3 will soon expand to the fully electric i3 sedan, and not long after, the iX4 Coupe SUV too, which we covered earlier today.

The 1-Series hatchback is also being prepared for a new chapter, one that could see it offered with both combustion engines and electric power. The EV variant, expected to wear the i1 badge, might resemble what you see here in these new renderings.

Read: BMW Will Keep The 1 Series Alive And Upgrade It With The i1 EV

Created by digital artist Sugar Design, the i1 hatch blends cues from the Neue Klasse concepts with elements of the second-generation iX3. At the front, it wears BMW’s latest interpretation of the kidney grille.

Unlike the iX3, this interpretation of the i1 uses the elongated grille design previewed by the Neue Klasse sedan concept, merging the lighting units into a single visual element.

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Sugar Design

Of course, it’s the overall shape of the i1 that has us really excited. It has an elongated roof and a steeply raked rear window, giving it the Shooting Brake vibes that so many car enthusiasts love, all in a more compact, hatch profile.

Admittedly, not having a more upright rear window would impact luggage capacity, but if you look this cool, who cares?

The Next 1-Series

Earlier this year, the senior vice president of BMW Brand and Product Management, Bern Koerber, underscored the importance of the combustion 1-Series and said that it will live on. The current ICE model is crucial in markets including Greece, Spain, and Italy, and serves as an appealing entry into the BMW family.

Technical details about the next-generation 1-Series are still limited, though it’s expected to share much of its underpinnings with other Neue Klasse models. It may also incorporate components from within the broader BMW Group, particularly from Mini.

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Sugar Design

$4,900 For A Taillight? Lucid’s Ridiculous Lease Charges Are Scaring Off Buyers

  • A Lucid Air lessee was charged thousands for small cosmetic damages.
  • Most expensive part needed was a new right taillight due to a tiny crack.
  • Bank of America reportedly uses third-party inspectors for lease returns.

It seems Lucid just can’t stop tripping over its own shoelaces when it comes to end-of-lease charges. What began as a few isolated complaints has grown into a steady chorus of frustration, as more customers share stories online about the surprisingly steep bills arriving when their leases wrap up.

Read: Lucid Wants Thousands In Lease Charges For Scratches And A Missing Key Fob

The latest example might be the most egregious we’ve seen so far, and cases like this are already pushing some customers to abandon plans for leasing a Lucid altogether.

Mounting Lease Complaints

As we’ve seen in several recent instances, the first charge this customer faced was for a front bumper replacement. According to the inspector’s report, when the Air was returned, 10 small rock chips, a one-inch crack, and a one-inch scratch were deemed enough to justify replacing the entire bumper. The bill came in at $2,400.

However, this isn’t the most ridiculous charge. The owner notes that the right taillight had a small hairline crack along a glue line. They mentioned that the crack isn’t noticeable unless you zoom in, and that it’s so small it doesn’t even allow for any water ingress. Despite this, they’ve been charged $4,900 for a replacement.

The lessee was also billed $100 for minor damage to the left taillight, which seems inconsistent given the note that the entire unit would be replaced, something that can’t reasonably be done for that amount. Completing the tally was a $200 repair for a seven-inch scrape on the left front wheel.

The automaker’s leasing division, Lucid Financial Services, partners with Bank of America, which is believed to contract independent inspection firms to evaluate vehicles when leases conclude.

The Backlash Builds

Stories like this are taking a toll on Lucid’s image. On Reddit, one user said they had planned to switch from a Rivian to a Lucid when their current lease ended but changed their mind after seeing how these charges were handled. They added that they’d only reconsider “if Lucid get their act together.”

Another commenter said they canceled their Gravity order “100% because of” the excessive end-of-lease fees.

 $4,900 For A Taillight? Lucid’s Ridiculous Lease Charges Are Scaring Off Buyers

What Lucid Has To Say

It appears Lucid is aware of growing customer discontent. In an email recently sent to a leasing customer and shared to Carscoops, the car manufacturer acknowledged the issues and clarified what end-of-lease charges are appropriate:

“At Lucid Motors, we strive to deliver an exceptional experience at every stage of ownership, including the conclusion of your lease. We understand that some customers have encountered concerns or confusion during the lease-return process, and we want to acknowledge those experiences directly,” the letter reads.

“We sincerely apologize for any frustration or inconvenience you may have experienced. Your feedback has made it clear that, in some cases, our communication, inspection, and billing processes did not meet the standards of transparency and fairness that we hold ourselves to.

 $4,900 For A Taillight? Lucid’s Ridiculous Lease Charges Are Scaring Off Buyers

Lucid is currently reviewing all recent lease-end charges to ensure they are accurate, appropriate, and consistent with our published policies. We are also working closely with our finance and inspection partners to improve clarity in inspection reports, final billing, and the overall return experience.

In addition to these measures, please note that underbody plate scratches and any scratches smaller than 3.5 inches on the body of the vehicle are not subject to charges. We have also eliminated charges for wheel scrapes that are less than 3.5 inches, and reduced charges for wheel scrapes between 3.5 inches and 12 inches to $200. Additionally, there will be no charges for any interior stain that is less than 3.5 inches.

If you believe that a charge you received may be inaccurate or would like to request a review, please contact Lucid Financial Services at 1-833-423-0369.

Thank you for being part of the Lucid community and for giving us the opportunity to make this right. Your trust and satisfaction are of the utmost importance to us.”

While Lucid’s acknowledgment and policy adjustments suggest an attempt to regain trust, the lasting effect will likely depend on whether future lease customers see tangible change rather than another round of apologies.

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VW’s Next Electric Sedan Looks Nothing Like You’d Expect

  • Xpeng and VW are collaborating on a new ID electric sedan.
  • Based on the Xpeng P7, it features a unique exterior design,
  • VW plans 30 new models for China, including 20 electrified ones.

If anyone needed a reminder of just how central China has become to the global car industry, look no further than to Volkswagen’s partnership with Xpeng.

Announced last year, the collaboration centers on a next-generation electrical architecture set to support a wide range of future models, from pure EVs to traditional combustion and plug-in hybrid vehicles.

Read: VW’s Concepts Mark The Start Of 30 New Models For China’s EV Future

This joint effort is already bearing fruit. Among the first of these shared creations is an as-yet-unnamed sedan from Volkswagen that’s expected to join the ID family.

What Does It Look Like?

Recently seen testing under camouflage on Chinese roads, the upcoming electric sedan is believed to be based on the Xpeng P7, whose second generation debuted only a few months ago, while also reflecting design elements from Volkswagen’s ID. Aura and ID. Evo concepts showcased earlier this year.

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Sugar Design

Digital artist Sugar Design produced a series of renderings based on those camouflaged prototypes, and there’s no denying that, compared with several Volkswagen models currently sold in Western markets, it has a distinctly sleeker and sportier presence.

At the front, it features split LED headlights and a small illuminated badge in the center, as well as a large open black grille and smooth lines. It’s nowhere near as radical as the sharp-looking second-gen P7, but for the German brand, it’s still quite a bold shift in style.

The side profile is particularly eye-catching, highlighted by its pronounced rear haunches and a smooth, flowing roofline. At the back, intricate LED taillights frame a softly illuminated VW badge, with a discreet black diffuser completing the look.

What Could Power It

Whether Volkswagen’s upcoming sedan will mirror the Xpeng P7’s specifications is still uncertain, but the P7 itself measures 197.5 inches (5,017 mm) in length and offers two battery options: a 74.9 kWh pack and a larger 92.9 kWh version.

 VW’s Next Electric Sedan Looks Nothing Like You’d Expect
The new Xpeng P7 | Photo Stefan Baldauf & Guido ten Brink

The standard rear-wheel-drive layout produces 362 hp (270 kW) from a single motor, while the all-wheel-drive setup adds a front unit for a combined 586 hp (437 kW). The AWD variant is expected to hit 62 mph in 3.7 seconds and reach a top speed of 142 mph.

Range depends on configuration, from roughly 436 miles (702 km) in base form to 509 miles (820 km) for the long-range RWD model.

VW’s Chinese Plans

VW is taking the Chinese market extremely seriously. Beyond confirming that its jointly developed electrical and electronic architecture with Xpeng will underpin future EVs, the company has made clear that the same foundation will serve combustion and plug-in hybrid models.

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Sugar Design

The new system won’t simply enable over-the-air updates; it’s also designed to streamline vehicle development, cutting production timelines and allowing faster adaptation to market trends.

The German brand has committed to launching more than 30 new models in China, including 20 new-energy vehicles. In addition to working with Xpeng to make these a reality, it is collaborating with partners through the FAW-Volkswagen and Volkswagen Anhui joint ventures.

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Sugar Design

Another Chinese SUV Coming To Australia, This Time From Hyundai

  • Hyundai confirms its Elexio electric SUV will launch in Australia next year.
  • EV was co-developed with BAIC and built on Hyundai’s E-GMP platform.
  • Expected pricing between AU$55K and AU$65K targets Model Y buyers.

When Hyundai pulled the wraps off the Elexio, a new electric SUV developed with joint venture partner BAIC and standing apart from the Ioniq lineup, most assumed it would remain a China-only model. That would have made sense, given how often collaborations like this one are designed for domestic markets.

Now, though, Hyundai has confirmed that the Elexio will also make its way to Australia. It’s expected to arrive next year, sitting between the Kona EV and the Ioniq 5 in the local lineup.

Read: Hyundai’s New Electric SUV Skips Physical Buttons Nearly Entirely For Massive Screen

Positioned as a direct rival to the Tesla Model Y and BYD’s Sealion 7, the Elexio marks new territory for Hyundai in Western market.

Whether Australian drivers will warm up to its distinctive styling and unconventional cabin design is still an open question. Yet with Chinese-built electric SUVs rapidly gaining traction Down Under, the Elexio could soon become a common sight on local roads, especially if the price is right.

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Lineup And Power

Underneath, it rides on the Hyundai Group’s familiar E-GMP platform and comes with a single 88.1 kWh battery pack. Charging from 30 to 80 percent takes about 27 minutes, which is a slower than the Ioniq 5’s 10-to-80 percent top-up in about 18 minutes.

In China, the Elexio has a quoted driving range of 722 km (449 miles), but under the (considerably less generous) WLTP cycle, Hyundai is simply quoting a range of “over 500 km” (311 miles).

Australia is expected to receive three different versions of the Elexio. The base model will be a single-motor standard-range variant, the middle version will be a single-motor long-range model, and the flagship will be an all-wheel-drive long-range one, according to Drive.

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Both two-wheel-drive options use a 160 kW (215 hp) motor, while the AWD variant steps up to around 230 kW (308 hp). The configuration mirrors that of the Kia EV5, which shares similar output figures across its own lineup.

Review: BYD Sealion 7 Performance Could Be Tesla’s Worst Nightmare

Inside, the Elexio wears clear Chinese design cues, though in this case, that’s not a bad thing. A 27-inch panel spans the dashboard, merging the main infotainment screen with a separate passenger display.

The driver gets a smaller readout set low near the windshield, while wireless charging pads and an eight-speaker Bose audio system round out the cabin’s tech package.

What Will It Cost?

In China, the Elexio starts at 119,800 yuan and tops out at 149,800, roughly US$16,900 to US$21,100 or about AU$25,700 to AU$32,200 if you’re counting in local currency. Tempting figures, but don’t get too comfortable. Those kinds of prices never make it past customs.

Hyundai hasn’t disclosed Australian pricing yet, though it’s safe to assume the local figure will be less charitable. Expect something between AU$55,000 ($36,000) and AU$65,000 ($42,600), a range that drops the Elexio right into the thick of the mid-size electric SUV contest.

It’s a crowded corner of the market, but one Hyundai seems quite happy to elbow its way into.

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Vegas Cops Just Got 10 Cybertrucks And Elon Had Nothing To Do With It

  • Las Vegas police just added ten Tesla Cybertrucks to their fleet.
  • Billionaire Ben Horowitz donated all of the modified Cybertrucks.
  • Department expects the trucks to save tens of thousands yearly.

If you spend any time in Las Vegas, whether as a resident or a visitor, don’t be surprised if you see a Cybertruck in police livery gliding down the Strip. These aren’t movie props or promotional gimmicks, they’re among the first Tesla Cybertruck police vehicles to enter active duty in the United States.

The trucks have been overhauled by Unplugged Performance and delivered to the Las Vegas Metropolitan Police Department (LVMPD), where they’ve been adapted for duty in one of America’s busiest cities.

Who’s Picking Up the Bill?

One of the first questions that might come to mind when you hear about these Cybertrucks is, “Who’s paying for them?” Fortunately, it isn’t the taxpayer.

According to the LVMPD, all ten of the electric pickups were donated by Ben Horowitz and his wife. Horowitz, a tech entrepreneur and venture capitalist, is believed to be a billionaire and apparently a believer in electrified law enforcement.

Also: Cybertruck’s Light Bar Has Joined The Long List Of Things Falling Off Teslas

As for the Cybertrucks, each one comes equipped with a full suite of electronics required by the police department, including lights, sirens, and a PA system.

They also feature a series of upgrades to toughen up their looks and boost their off-roading credentials. For example, they’ve been fitted with new push bars, reinforced rock sliders, upgraded suspension components, and stronger brakes.

 Vegas Cops Just Got 10 Cybertrucks And Elon Had Nothing To Do With It

Counting the Savings

The LVMPD says these electric patrol trucks aren’t just about image, as they’re expected to save money too. The department estimates each Tesla Cybertruck will deliver a minimum of $47,540 in savings over its five-year service life compared with a traditional gasoline-powered police truck.

That includes annual fuel savings between $8,800 and $12,000, plus roughly $3,540 in reduced maintenance. Unless something falls off, that is. Whether those projections hold up once the trucks hit full duty remains to be seen.

Read: Las Vegas Gets First Cybertruck Police Fleet In America

“They will be at every area command… the trucks are high performance and built tough to handle everything from Fremont Street to Redrock Canyon,” LVMPD Sheriff Kevin McMahill said. “[The Cybertrucks are] practical, powerful and designed to make our job that much safer.”

Not only that, but the department claims it’s already seeing an uptick in recruitment thanks to the Cybertrucks. Apparently, nothing inspires future officers quite like a stainless-steel wedge these days.

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Two Killed After Wrong-Way BMW Driver Crashes Into Cybertruck

  • The BMW sedan hit the Cybertruck, pushing it into an 18-wheeler.
  • Police are investigating if the BMW driver was impaired that night.
  • More than 230 people were injured in wrong-way crashes last year.

Crashes on Houston’s busy freeways are an unfortunate reality of city life, and one earlier this week proved especially tragic. The driver of a BMW was killed, and the driver of a Tesla Cybertruck died in hospital after the two vehicles collided in Houston, Texas.

Shockingly, police say the BMW’s driver had mistakenly entered the freeway, traveling the wrong way after driving down an exit ramp and heading westbound in the eastbound lanes.

Watch: Cybertruck Ripped In Half By A Mercedes Built Like A Tank

The crash occurred around midnight on October 28 along the I-10 Katy Freeway. According to police, the BMW, whose specific model hasn’t been identified, slammed into the Cybertruck and burst into flames almost instantly. The force of the impact also pushed the Tesla into an 18-wheeler.

Initially, it was only the driver of the BMW who was declared dead on the scene, and the driver of the Cybertruck was taken to a nearby hospital in critical condition. Sadly, the Tesla driver succumbed to their injuries.

Houston Police Department Sgt. Rebecca Dallas told KHOU that the BMW driver had entered the freeway in the opposite direction, ignoring multiple Do Not Enter and Wrong Way signs along the ramp.

Investigators are expected to conduct an autopsy of the BMW driver to see if they were impaired at the time of the collision. The name of the driver who caused the crash hasn’t been released. However, the driver of the Cybertruck has been confirmed as a 38-year-old father of two young children.

Accidents Like This Are Far Too Common

Accidents like this are far from rare. More than 1100 wrong-way fatalities have been recorded across Harris County in the past decade, and last year alone, 233 people were injured in similar incidents throughout the area. Clearly, something needs to be done to reduce these numbers.

Local authorities may need to explore a combination of measures, from adding more signage to exit ramps to enhancing driver education. Small changes could go a long way toward preventing future tragedies on Houston’s highways.

Ford CEO Warns China Could Put Every American Carmaker Out Of Business

  • Ford says Chinese automakers pose a greater threat than Japan once did.
  • Jim Farley admits China’s EV tech now surpasses most Western carmakers.
  • The company expects EVs to make up 5 percent of the US market soon.

For years, many traditional carmakers seemed content to ignore the quiet storm gathering in China’s automotive sector. The rise of new Chinese manufacturers barely registered on their radar, as if the disruption that had shaken the tech world could never reach the showroom floor.

Read: Ford Chief Says China Leads US By 10 Years In EV Batteries, Needs Their IP

That illusion has now been thoroughly dispelled. Most major automakers now grasp the scale of disruption these Chinese brands are set to bring to the global car market, and among the most outspoken voices acknowledging it is Ford’s chief executive, Jim Farley

Over the past year, Farley has been quite outspoken in his belief that Chinese brands have developed a significant lead in the electrification race.

How Big Is The Threat?

At one point, he was even driving a Xiaomi SU7 every day, not as a stunt but out of genuine admiration. For Farley, the challenge from China eclipses even the Japanese surge of the early 1980s.

“I think it’s exactly the same thing, but it’s on steroids,” Farley told Business Insider. “They have enough capacity in China with existing factories to serve the entire North American market, put us all out of business. Japan never had that. So, this is a completely different level of risk for our industry.”

In 1980, Japan produced over 11 million vehicles, a surge that prompted then-President Ronald Reagan to impose voluntary export limits on Japanese imports. Today, the circumstances are different but the unease feels familiar.

Chinese EVs are currently barred from sale in the United States, insulating local brands for the moment. Yet Ford, operating on a global stage, can’t rely on geography for protection.

 Ford CEO Warns China Could Put Every American Carmaker Out Of Business

The Chinese Tech Advantage

“[The Chinese] have far superior in-vehicle technology. Huawei and Xiaomi are in every car. You get in, you don’t have to pair your phone. Automatically, your whole digital life is mirrored in the car,” Farley added.

“We are in a global competition with China, and it’s not just EVs. If we lose this, we do not have a future Ford. The Chinese are the 700-pound gorilla in the EV industry. It is completely dominating the EV landscape globally and more and more outside of China.”

For now, Trump-era regulations, including the removal of the federal EV tax credit worth up to $7,500, have impacted demand for electric vehicles in the United States.

Still, Farley sees the slowdown as temporary. He expects EVs to hold about 5 percent of the U.S. market in the short term but believes that number will rise as lower-cost models reach production and public perception catches up with the technology.

 Ford CEO Warns China Could Put Every American Carmaker Out Of Business

Kia Suddenly Pulls Its Tesla Model 3 Rival Right Before US Launch

  • The EV4 sedan was scheduled to arrive in the US in early 2026.
  • Kia had confirmed 58.3 kWh and 81.4 kWh battery pack options.
  • Pricing likely would have started at roughly the low $30,000s

The Kia EV4 made its debut at the New York International Auto Show back in April, touted as Kia’s straightest shot yet at the Tesla Model 3. It seemed poised to stir up the affordable EV segment, but that momentum has stalled before it even reached the showroom.

According to the Korean automaker, the EV4’s American launch has been postponed “until further notice,” a decision that leaves would-be buyers of reasonably priced EVs with one less option in an already tightening field.

Read: Kia’s First Electric Sedan Is Here To Beat The Model 3 At Its Own Game

Kia had engineered both sedan and hatchback versions of the EV4 for different markets. The United States was due to receive only the sedan, while Europe and several other regions would get both body styles.

What seemed like a straightforward rollout has since collided with market realities. The American car landscape looks markedly different from when the EV4 was unveiled in April, and even more so from when Kia first mapped out its export plans.

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“Kia’s full range of vehicles offers meaningful value and inspiring performance to customers,” a Kia spokesman told InsideEVs. “However, as market conditions for EVs have changed, the release of the upcoming EV4 electric sedan will be delayed until further notice.”

What Could Have Been

The EV4 sedan had been set to land in local dealerships in the first quarter of 2026. Kia never got to the point of announcing local prices for it, but with the $7,500 federal EV tax credit now a thing of the past, the math likely stopped adding up.

Without that incentive, the EV4 would have faced a steep uphill battle against more established competitors.

As in other regions, the American-spec EV4, built on Kia’s E-GMP platform, would have come with a 58.3 kWh battery and a 201 hp motor powering the front wheels. That setup promises about 235 miles of range, or roughly 378 kilometers.

Above it sit the Wind and GT-Line models, both equipped with an 81.4 kWh pack capable of up to 330 miles (531 km) on a charge. These figures placed the EV4 squarely in Tesla’s neighborhood, at least, that was the plan before the pause.

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The F-150 Lightning Found a Way to Work From Home Before Ford Did

  • The Lightning can feed electricity back to the grid, earning cash.
  • Ford says owners can save $42 monthly, or nearly $500 each year.
  • Production of the electric pickup truck remains paused indefinitely.

Owning a Ford F-150 Lightning means saying goodbye to gas stations forever. That’s the promise, at least, though it comes with the unspoken reality of long waits while electrons trickle into the battery. On the bright side, your truck can double as a backup power source for your home, and if Ford’s to be believed, even earn a few bucks while it sits in the driveway.

Read: F-150 Lightning Production Halted Indefinitely As Ford Bets On Gas Trucks Again

The company is eager to promote its usefulness, recently dedicating an entire piece describing how owners can turn their EV into a “side hustle”.

How Does It Work?

For some time, Ford’s Energy Rewards program has provided customers with bonuses for charging their F-150 Lightnings during off-peak times. It also has a system that allows the truck’s battery to serve as a backup generator during outages and blackouts.

In select US markets, owners can now charge their Lightning when electricity is cheaper (typically overnight during off-peak hours) and use the stored energy to power their home when grid prices are higher during peak times.

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That’s not all. Customers can also return excess power from the F-150 back to the grid and get incentives from participating utility providers. According to Ford, customers can save up to $42 per month, or almost $500 per year, by using its new Home Power Management software.

The program has been launched in partnership with DTE Energy in Southeast Michigan. DTE will provide eligible owners the means to transfer power from the EV to their home.

Everything happens automatically, too, meaning the software optimizes the flow of energy to and from the battery pack while retaining battery health.

F-150 Lightning Production Paused Indefinitely

While the system is clever, it hasn’t done much to change the Lightning’s overall fortunes. Despite being the best-selling electric pickup in America this year, sales still trail Ford’s early projections. Earlier this month, production was officially paused with no restart date in sight.

With the federal EV tax credit gone and fuel economy penalties no longer enforced under the Trump-era rollback, Ford appears to be easing away from the Lightning experiment. The company now plans to build over 45,000 additional combustion-powered F-150s next year, signaling a quiet retreat to familiar ground

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Carlos Tavares Says Stellantis Could Be Swallowed Whole By Its Chinese Partner

  • Carlos Tavares predicts only five or six global carmakers will survive.
  • Ex-Stellantis CEO warns Chinese automakers could rescue Europe.
  • He claims EU’s 2035 combustion ban has hurt Europe’s auto industry.

Chinese automakers are no longer content with regional dominance, as they’re eyeing the world stage. And if you ask Carlos Tavares, the former head of Stellantis, they might actually pull it off.

The outspoken executive believes Chinese manufacturers could end up rescuing Europe’s car industry from its slow decline. Names like BYD and Geely, he says, may not just survive the global shake-up but emerge as the last few standing.

Read: The Guy Who Broke Stellantis Now Thinks It Might Break Up

Since stepping down from Stellantis nearly a year ago, Tavares has spent his time writing a memoir and touring the press circuit to promote it, offering a steady stream of predictions about where the auto industry is headed.

Will China Save Europe’s Factories?

He’s claimed that Stellantis itself might split apart and even floated the idea that Tesla could exit the car business entirely. Now he’s suggesting that within the next 10 to 15 years, Chinese brands could step in to save Europe’s automotive sector, though not without cost.

“There are lots of nice windows being opened up for the Chinese,” he told The Financial Times. “The day a western carmaker is in severe difficulty, with factories on the verge of closing and demonstrations in the street, a Chinese carmaker will come and say ‘I’ll take it and keep the jobs’, and they’ll be considered saviors.”

Tavares has experience dealing with Chinese car firms. He orchestrated Stellantis buying a 20 percent share of Leapmotor to help launch it into international markets. He also acknowledges that Leapmotor likely entered the deal because “they want to swallow us [Stellantis] some day.”

 Carlos Tavares Says Stellantis Could Be Swallowed Whole By Its Chinese Partner
Leapmotor D19

Trouble in Europe’s Auto Core

The former Stellantis boss hasn’t softened his criticism of Europe’s automotive policy. He argues that the European Union’s ban on new internal combustion cars by 2035 has forced local automakers into massive, and potentially wasted, investment.

According to Tavares, European car companies have poured more than €100 billion into electrification since the rule was introduced. He now predicts the EU will backtrack on the plan entirely.

More: Carlos Tavares Thinks Tesla Might Not Exist In 10 Years

“Who is holding the EU to account for the €100bn of investments that won’t be used? No one,” he said.

The global car industry is in such a dramatic state of flux that Tavares thinks most current brands won’t survive. In fact, he predicts that as few as five or six carmakers will survive.

These could include Toyota, Hyundai, BYD, and likely another Chinese firm, possibly Geely. In this scenario, the rest of the brands would likely be gobbled up by these conglomerates.

Interestingly, Tavares doesn’t include Stellantis among the survivors. Whether that’s professional detachment or a parting shot from a man who knows too much is anyone’s guess.

 Carlos Tavares Says Stellantis Could Be Swallowed Whole By Its Chinese Partner
BYD Dolphin

Sleeping Tesla Driver Shocked Autopilot Didn’t Tuck Him In Before Plowing Into Police Cruiser

  • Model Y driver claims he had Autopilot engaged and fell asleep.
  • Police found a loaded pistol without a valid owner’s identification.
  • The 43-year-old was arrested and charged with several offenses.

A Tesla driver in Illinois has been arrested after plowing into the rear of a Ford Explorer police cruiser that had stopped for a traffic investigation.

However, this was more than a simple case of a distracted driver rear-ending another motorist, as the Tesla owner told police that the vehicle’s Autopilot system was engaged and that he had fallen asleep behind the wheel.

Read: Tesla Quietly Settles Fatal Autopilot Crash Just Before Jury Could Weigh In

Local authorities say a 2022 Tesla Model Y caused the crash and shared images of the crumpled cruiser on Facebook. They show that the impact has caved in the SUV’s rear end and that both taillights have been knocked out of position.

In all likelihood, some damage has also been done to the frame, and there’s a good chance the Ford could be declared a complete write-off.

Autopilot or Absent Driver?

The South Barrington Police Department says the squad car was pulled over to the shoulder with its emergency lights flashing when the Tesla plowed into the back of it. The driver told officers he had activated Autopilot, dozed off, and didn’t wake up in time to react.

 Sleeping Tesla Driver Shocked Autopilot Didn’t Tuck Him In Before Plowing Into Police Cruiser
Village of South Barrington/Facebook

Two officers and the driver were taken to Ascension St. Alexius Medical Center in Hoffman Estates. All three sustained non-life-threatening injuries and were later released.

Driver Arrested and Charged

To make matters worse for the 43-year-old driver, he was found to be carrying a loaded handgun, despite not having a valid Firearm Owner’s Identification card. As a result, he was reportedly arrested and charged with unlawful possession of a firearm.

He was also cited for failing to yield a full lane or reduce speed when approaching an emergency vehicle. The Tesla owner was taken to Cook County Circuit Court, where he’s scheduled to appear on December 3.

If the driver did indeed fall asleep with Autopilot engaged, it could raise concerns about the effectiveness of Tesla’s driver monitoring system.

The electric carmaker will likely send engineers out to analyze the Model Y and determine whether the driver-assistance system was enabled at the time of the collision and if its warning systems functioned as they should have.

 Sleeping Tesla Driver Shocked Autopilot Didn’t Tuck Him In Before Plowing Into Police Cruiser
Village of South Barrington/Facebook

Someone Just Paid Six Figures For A Car GM Tried To Erase From History

  • This EV1 is believed to be one of only a few dozen still existing.
  • General Motors crushed most EV1s but donated about 40 units.
  • Despite its age and condition, many enthusiasts still admire the EV1.

The EV1 from General Motors is widely regarded as the original mass-market, purpose-built electric vehicle, although it was never manufactured in significant numbers. In fact, only a touch over 1,100 were ever produced across two generations, and very few of them exist nowadays.

Given the car’s importance in the history of EVs, as well as its rarity, it perhaps comes as no surprise that when one hit the market this week, it attracted a lot of attention.

However, no one could have expected that it would sell for a staggering $104,000. To put it into perspective, that’s more than a brand-new Tesla Cybertruck.

Read: Study Says The Same Problems Faced By The EV1 Remain Today

GM never actually sold the EV1 and only leased it to customers. When it controversially decided to kill the project, it took back customer cars and crushed them. It’s understood that roughly 40 were kept by the company. While some remain in private hands, most were donated to universities and museums.

The example in question is a 1997 version that was listed for sale through Peak Auto Auctions in Atlanta after being towed. Very few details were provided about it but it’s clearly been sitting outside for a long time, and both the windshield and front side window are smashed.

 Someone Just Paid Six Figures For A Car GM Tried To Erase From History

Is It Worth Saving?

An investigation by The Autopian revealed the car had been marked as abandoned by the Clark Atlanta University Public Safety agency, which may explain why it ended up here.

It’s thought to be VIN V212 and was originally delivered in Arizona. At one point, it held the unofficial altitude record for an EV1, reaching 10,500 feet, GM Authority reports.

Given that the car has probably been sitting outside for a long time, potentially years, there’s a good chance it will need some serious TLC to be brought back to life. Sourcing replacement parts could be a tall order, but clearly, the winning bidder thinks the car is worth a lot of money.

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Images: Peak Auto Auctions

Tesla’s Cybercab Might Become The Affordable Model 2 After All

  • US laws cap driverless production at 2,500 units per year.
  • Tesla may add steering wheels and pedals to meet rules.
  • Brand’s board chair says the automaker will follow regulations.

Unlike every other Tesla, the Cybercab was envisioned without a steering wheel or pedals, created from the start as a vehicle meant to drive itself. Elon Musk said the company plans to build millions of these two-seat EVs, each priced under $30,000, hoping to turn self-driving technology from a futuristic experiment into something people could actually buy.

Read: Tesla Cybercab Is A $30,000 Robotaxi Without A Steering Wheel Or Pedals

Or at least, that was the idea. Tesla has now admitted it may have to fit the Cybercab with conventional controls if it wants to reach the production numbers Musk has promised.

When Autonomy Meets Reality

According to Tesla board chair Robyn Denholm, the company views the Cybercab as the long-awaited affordable model that investors have been pressing for, often referred to by the press as the Model 2.

Yet the minimalist two-seat layout limits its practicality, and Tesla’s initial pledge to sell it without traditional controls makes the task harder. The brand’s self-driving software remains well short of true Level 4 or Level 5 autonomy, so customers may be wary of a car that expects to handle everything on its own.

While speaking with Bloomberg, Denholm made clear that Tesla is flexible. “If we have to have a steering wheel, it can have a steering wheel and pedals,” she said, a comment that marks a shift from the original vision.

Regulation Hurdles

Regulations currently stand in the way of Tesla introducing a large number of Cybercabs onto US roads. In fact, the National Highway Traffic Safety Administration (NHTSA) only allows manufacturers to deploy up to 2,500 autonomous vehicles per year without traditional controls.

 Tesla’s Cybercab Might Become The Affordable Model 2 After All

Musk, who has poured significant sums into political campaigns, including major donations to Donald Trump, appears to have hoped that influence might soften the rules. So far, regulators haven’t moved.

His frustration surfaced recently when he referred to US Transportation Secretary Sean Duffy as “Sean Dummy” after the agency reopened a SpaceX contract connected to NASA’s moon mission.

Denholm has put on a brave face, noting that Tesla is willing to change its plans if that’s what regulations require.

“The original Model Y was not going to have a steering wheel, or pedals,” she said. “If we can’t sell something because it needs something, then we’ll work with regulators to work out what we need to do.”

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Honda’s Racy Super-One Fakes Engine Sounds And Gear Shifts

  • The new model launches next year as the Super-ONE or Super-N.
  • Honda confirmed a simulated seven-speed powertrain setup.
  • Sporty design includes wide arches, bumpers, and a rear spoiler.

The Super EV Concept previewed by Honda at the Goodwood Festival of Speed has morphed into this: the Super-One Prototype. Presented at the Japan Mobility Show this week, this model is a close preview of a new production model that’ll essentially serve as a successor to the Honda e.

Read: Honda’s Smallest Electric Car Can Power Your Home And More

Presented in Tokyo as the Super-One Prototype, the pint-sized electric city car will be sold across Japan, Asia, and Oceania as the Super-ONE, but sold in the UK as the Super-N.

It is based around Honda’s new N-One e: kei cars sold in Japan and has a sporty persona that’s bound to appeal to some performance car enthusiasts.

Honda hasn’t released powertrain details for the model, but says it’s equipped with a simulated seven-speed transmission and an Active Sound Control system that mimics the soundtrack of a “powerful” engine.

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The virtual gear shifts and the ICE-inspired soundtrack will fire into life when the car is driven in Boost mode. Additionally, there’ll be dedicated interior displays and coordinated lighting sequences to enhance the thrill of driving.

A Sport Design to Match

It’s not just the driver-focused nature of the Super-One that makes it stand out from the old Honda e. It also has a fun exterior design. Looking more like a car that has been tweaked by an aftermarket firm for the Tokyo Auto Salon, the EV includes bulging wheel arches and sporty bumpers. It even has a small wing at the rear.

 Honda’s Racy Super-One Fakes Engine Sounds And Gear Shifts

Found in the cabin are sporty seats trimmed in black, white, and grey upholstery. There’s also a small digital instrument cluster and a large central infotainment display similar to other Honda models.

The production model will hit the market next year, first launching in Japan, before being added to Honda’s UK range and in several other Asian markets.

“The Super-N Prototype promises to offer a great entry point to Honda EV ownership when it arrives in our market next year, building on the excitement we saw for the concept model at Goodwood this summer,” Honda UK head Rebecca Adamson said.

“By bringing Honda’s trademark ‘fun-to-drive’ performance to a compact all-electric model, we believe this is a unique proposition and we are excited for people to experience it from 2026.”

Honda’s New Electric SUV Might Be Small But Its Global Ambitions Are Big

  • Honda 0 α prototype previews a smaller global EV for Japan and India.
  • It shares design cues and platform with the 0 SUV and 0 Saloon.
  • Expected features include an ultra-thin battery and 300-mile range.

The SUV staring back at you here is the Honda 0 α, unveiled in a world premiere at the Japan Mobility Show and already edging toward production within the next two years.

It’s officially labeled a “prototype,” but as we’ve seen in the past, in Honda terms, that means pre-production rather than pure concept. It joins the 0 Saloon and 0 SUV that made their debut earlier this year, rounding out Honda’s latest attempt to reinvent itself for the electric age.

Read: Honda’s 0 Saloon EV Looks Like A Lambo Gallardo Sedan From The Future

Honda refers to the 0 α (Alpha) as a “gateway model” for its 0 Series range of electric vehicles. The production model will hit the market in 2027 and be available in markets around the world, with a particular focus on Japan and India.

 Honda’s New Electric SUV Might Be Small But Its Global Ambitions Are Big

It has a very similar design to the 0 SUV, but is slightly smaller. And, just like the two other 0 Series models, it looks unlike anything in Honda’s current range.

The most obvious points of difference between the 0 α and the 0 SUV are found at the front. This smaller model rocks a set of different LED taillights and DRLs, but retains an illuminated Honda badge. The lower bumper has also been redesigned and looks slightly more aggressive with a pair of body-colored elements.

 Honda’s New Electric SUV Might Be Small But Its Global Ambitions Are Big
Honda 0 α
 Honda’s New Electric SUV Might Be Small But Its Global Ambitions Are Big
Honda 0 SUV

From the side, the 0 α looks almost indiscernible from the larger model. It retains the same odd shape with an incredibly high rear window and thick rear pillars.

It also has the same rocker panels, the same basic doors, and the same flush handles. The most obvious difference is that it’s slightly shorter and lacks the tiny window behind the C-pillars of the larger model.

The similarities continue at the rear. Honda has equipped the 0 α with a U-shaped LED lightbar that stretches up the tailgate. Notably, the 0 α has a larger rear window than the 0 SUV, which should improve rear visibility. A curvaceous bumper also catches the eye.

What About The Tech?

Honda has yet to release any technical specifications about the new prototype. We know that the 0 Saloon and 0 SUV will share a platform with the Afeela EV that Honda co-developed with Sony. Presumably, the 0 α will also use the same architecture.

 Honda’s New Electric SUV Might Be Small But Its Global Ambitions Are Big

The carmaker notes that the 0 α also adopts the same ‘Thin, Light, and Wise’ approach of the other 0 Series models. Honda has previously said this approach will lead to the creation of an “ultra-thin battery pack” and a compact e-Axle.

The thin battery pack will allow Honda to reduce the height of the floors in its EVs and boost cabin space without impacting ground clearance.

As with the other 0 Series models, the 0 α should hit the market with at least 300 miles or 483 km of range. All 0 Series models are also tipped to hit the market with Level 3 self-driving capabilities that include an eyes-off function for highway traffic jams.

We also know the 0 Saloon and 0 SUV will come standard with NACS charging ports, although it’s unclear if the 0 α will as well given that Honda hasn’t mentioned any plans to sell it in North America.

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Rivian Tore Apart A Xiaomi EV And Discovered What America Can’t Match

  • Rivian’s CEO praised the Xiaomi EV’s design after a teardown.
  • RJ Scaringe said he’d buy the SU7 himself if he lived in China.
  • He called it a well-integrated, nicely executed technology platform.

Last year, Ford chief executive Jim Farley surprised many when he revealed that his daily driver was a Xiaomi SU7 quietly imported into the United States. Now, another American industry leader has joined the conversation about the Chinese electric sedan that’s been causing a stir both at home and abroad.

Rivian chief executive RJ Scaringe revealed his team recently tore down an SU7, and, likely Farley, he’s full of praise for it. However, he says that developing and building a vehicle like it in China is very different than doing the same in the US.

How Good Is It?

According to Scaringe, the SU7 is a “really well executed, heavily vertically-integrated technology platform” that is “nicely done.” He added that if he were living in China, it’s one of the cars that he’d personally consider buying.

Read: Rivian’s CEO Would Rather Lose You As A Buyer Than Add Apple CarPlay

One of the SU7’s most compelling advantages is its price. With a starting figure of 215,900 yuan, roughly $30,000, it undercuts much of the competition. After taking the car apart, Scaringe explained that Rivian “learned nothing from the teardown” about how Xiaomi keeps costs so low.

There was no hidden engineering trick or obscure cost-cutting secret waiting inside the panels. The real explanation, he said, is simple: China’s extensive government support.

China Plays By Other Rules

The distinction, according to Scaringe, comes down to the economic landscape in which Xiaomi operates. State backing shifts the financial balance from the ground up, creating an environment that’s nearly impossible to replicate in the US.

“The cost of capital is zero or negative, meaning they get paid to put up plants,” Scaringe told Business Insider. “It’s a very different opportunity.”

 Rivian Tore Apart A Xiaomi EV And Discovered What America Can’t Match

Government Grants Alter The Playing Field

While Rivian was provided a $6.6 billion loan for its new production facility in Georgia, Scaringe noted that automakers in the People’s Republic like Xiaomi receive outright grants from their own government, which is “just not something that exists in the US.”

He also noted that China’s lower labor costs further tip the scales.

“When you take the cost of capital down to zero or less than zero and you have a cost of labor that’s very low – you can do the math, you can build a spreadsheet that can arrive at exactly how they’re doing it,” he explained.

Scaringe added that the reality behind Xiaomi’s pricing isn’t mystical or secretive. “I think it’s like Wizard of Oz. I think when people think there’s a Wizard of Oz, it’s not helpful. It’s like there is no magic in the world. Everything could be analyzed and calculated.”

 Rivian Tore Apart A Xiaomi EV And Discovered What America Can’t Match
Rivian CEO RJ Scaringe
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