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This Chinese Company Pulled In More Subsidies In 6 Months Than Rivals Did All Year

  • Last year, CATL received more government subsidies than any other company.
  • Other brands receiving significant subsidies include BYD, SAIC, and GWM.

As electric vehicles continue their steady march toward becoming a dominant force on global roads, one country has pulled far ahead of the rest- and it didn’t happen by accident.

By now, it’s widely understood that Chinese automakers have taken a commanding lead in the EV race, while many Western legacy brands are still scrambling to catch up. It’s also well known that Chinese battery companies are driving much of this momentum, leading with rapid innovation and serious scale. But how did they manage to surge ahead so dramatically in such a short time? The answer is fairly straightforward: money. More precisely, billions in government subsidies every single year.

Read: CATL’s New EV Batteries Give You A Full Charge In Minutes

Fresh data from Nikkei Asia shows just how significant this financial support has been. Contemporary Amperex Technology Co., better known as CATL, the world’s largest EV battery manufacturer, has been raking in the kind of government funding that would likely make Elon Musk reconsider his next big tax tweet.

While CATL has not reveal full-year details of the government help it received in 2024, it has disclosed that in the first half it got 3.84 billion yuan ($532 million) in state subsidies. This made it one of the largest beneficiaries of the Chinese government’s policy, only behind state-owned oil company Sinopec, which received 4.06 billion yuan ($563 million). Importantly, however, that’s how much Sinopec received for the full 2024 calendar year, whereas CATL’s figure is only for the first six months of 2024 – thus, it total, the latter’s figure far exceeded Sinopec’s.

 This Chinese Company Pulled In More Subsidies In 6 Months Than Rivals Did All Year

The subsidies CATL has received appear to have jumped in the second half of 2024. As noted by Nikkei Asia, in 2023, it disclosed its subsidies under ‘other income’ in its financial reports. In 2023, ‘other income’ totaled 6.26 billion yuan (~$868 million), and of this, 5.72 billion yuan (~$793 million) were subsidies. In 2024, its full-year report revealed 9.96 billion yuan (~$1.3 billion) in ‘other income,’ but didn’t specify how much of this was subsidies.

Of course, it’s not just CATL that is benefiting from this practice Full-year data from 2024 reveals that BYD received almost 3.8 billion yuan (~$527 million) in subsidies last year, no doubt playing a significant role in the firm’s ability to release so many new models so frequently.

Great Wall Motor was the fourth-largest recipient of subsidies, earning a touch under 3 billion yuan (~$416 million). SAIC Motor closely trailed GWM, receiving more than 2 billion yuan (~$277 million) in subsidies for the year.

All this answers the questions we posed at the beginning. There’s no secret sauce at play here; the Chinese managed to leapfrog the competition and undercut their rivals at the same time simply due to immense state help. No wonder, then, that the US and the EU are seething as they watch their own brands trying to compete in an uneven playing field.

 This Chinese Company Pulled In More Subsidies In 6 Months Than Rivals Did All Year

California’s EV Future Just Got Canceled By Washington

  • Senate republicans voted to revoke California’s ability to self-govern on the matter of cars.
  • Vote passed 51–44 despite warnings from nonpartisan legal experts questioning its legality.
  • California’s 2035 gas car sales ban faces major obstacles after losing federal emissions waiver.

In a move that could reshape the future of clean transportation policy in the U.S., Senate Republicans just voted to strip California of its long-standing authority to set its own vehicle emissions rules, including blocking its plan to stop sales of gas-powered vehicles.

The decision targets California’s ambitious clean-air mandates, which critics say are too aggressive for the current market to handle. Supporters of the state’s standards, however, argue that this vote undermines state rights and sets a troubling precedent for federal overreach.

More: Major US Dealers Launch War On New EV Sales Model

California has long set its own rules regarding air pollution standards. These included regulations on heavy-duty trucks, trains, and cars. It had even declared that it wouldn’t allow the sale of gas-powered new cars and trucks after 2035. But that authority was just revoked using the Congressional Review Act, or CRA.

This happened despite warnings from two nonpartisan agencies, the Senate parliamentarian and the Government Accountability Office, both of which warned the Senate that this move was likely illegal. Nevertheless, the Senate voted 51 to 44 to overturn the waiver that grants California the power it had to set its own rules.

A Shift With National Consequences

This is a huge move because California, by itself, equates to the fourth-largest economy on the globe. Automakers have largely followed California’s guidance on emissions to keep selling cars there. Several states have also taken up the same standards. Now, all of that is in question as Donald Trump’s signature will axe the waiver for good.

Reacting to the news, California Governor Gavin Newsom said, “The United States Senate has a choice: cede American car-industry dominance to China and clog the lungs of our children, or follow decades of precedent and uphold the clean air policies that Ronald Reagan and Richard Nixon fought so hard for. Will you side with China or America?”

The Conservative Pushback

Those on the other side of the political aisle obviously have a different view. “California has imposed the most ridiculous car regulations anywhere in the world, with mandates to move to all electric cars,” Trump said during his campaign, reports The Guardian. “I will terminate that.”

“The fact is, these EV sales mandates were never achievable,” John Bozzella, president and chief executive of the Alliance for Automotive Innovation, said in a statement. “There’s a significant gap between the marketplace and these EV sales requirements.”

How did the party of small government justify stepping in and imposing its will on a state this way? It says that since California has such a large sway on the auto industry that it was effectively setting Federal policy all along. This move stops that ability and returns that power to the Federal level alone.

“Over the past two decades, California has used its waiver authority to push its extreme climate policies on the rest of the country, which was never the intent of the Clean Air Act,” Senator Shelley Moore Capito, Republican of West Virginia, said to the New York Times.

The Hard Numbers

As we recently pointed out, data does seem to indicate that California’s goals surrounding the end of gas-powered new car sales are too ambitious. While EVs are gaining traction around the world, the U.S. is one of the slowest markets concerning adoption.

No doubt, that’s the result of several factors like distance between destinations, charging infrastructure, and pricing. Regardless of why the uptake is slower, it still makes California’s goals tough to imagine coming true. This new move from the Senate makes it appear altogether impossible now. 

Tesla On FSD Suddenly Swerves And Crashes Into A Tree, Claims Driver

  • A new Tesla Model 3 crash reportedly happened while running on Full Self-Driving (Supervised).
  • Video from the car shows it driving across the oncoming traffic lane, into grass, and ultimately a tree.
  • If this video is everything it purports to be, Tesla will need to sort out exactly what happened ASAP.

Autonomous driving may be the future, but the present still has a lot of explaining to do. Especially when cars with so-called “Full Self-Driving” capabilities start careening off the road for no obvious reason.

That said, it’s rare to see what we just have in a newly released set of videos involving a Tesla. According to the title, it shows a crash while running what Tesla calls its autonomous system, Full Self-Driving (Supervised). What’s worse, though, is that it seems to do so without rhyme or reason in broad daylight with no traffic on a straight road.

More: Tesla Stiffs Cybertruck Owners On Another Promised Feature

Tesla famously uses vision-based software and hardware to run its semi-autonomous Autopilot and Full Self-Driving (Supervised) software. In theory, it makes complete sense since we humans also drive almost entirely via vision-based mechanics. In practice, though, there are some major concerns, and this video highlights them. We’ll circle back to that.

The Incident: Straight Road, Sharp Left Turn

A YouTube channel recently uploaded four videos showing each side of a car during a crash. They say this is a Model 3 and that it’s running FSD 13.2.8, which is almost the latest available version. On May 11, Tesla released 13.2.8, but this crash happened on February 26 so indeed, it was up to date given that information.

That said, what the video shows is the most shocking part of this entire situation. Across three of the four clips, we see the car moving for 45 seconds. In all of them, everything appears totally normal for the first 31 seconds as the car trundles down a two-lane road. Then, just as a car passes going the opposite way, all hell seems to break loose.

The car turns hard to the left, goes across the opposing traffic lane, goes off the road, and hits a tree before rolling over. From the moment it begins to turn to the moment it impacts the tree is less than three seconds. While that’s tough to swallow, it’s the conditions that really make this a bad deal for Tesla.

The road was perfectly straight. This appears to be at some time in the relatively early or later part of the day as the shadows cast on the ground are long. Despite that, the sun is bright and seemingly unobstructed by clouds, so there’s no lack of lighting in the scene. Finally, there’s no complex traffic situation here with markings, other cars, or road signs.

Still, for whatever reason, it appears as though this car allegedly on FSD just decided that it needed to leave the roadway and did exactly that. Adding even more confusion to this crash are videos of YouTubers testing FSD against inanimate objects on the road. In almost every case, the technology focuses on slowing itself down, stopping even, to avoid an obstacle. Very rarely does it try this sort of hard steering input at speed.

The Lidar Elephant in the Room

And this brings us back to vision-based autonomous driving systems. Again, we humans use vision to determine how to control our cars. Tesla is trying to do that too, but it’s caught flack, and I suspect is about to catch far more, over its choice to skip using lidar and radar tech.

While vision can work, and obviously does for most people on most days, Lidar and radar offer the ability to easily see through bad weather conditions like fog or haze. They could simply be used as a redundancy to confirm what a vision-based system thinks it sees too. Nevertheless, Tesla ditched it years ago and its CEO Elon Musk appears committed to never bringing it back.

Reports From The Driver

According to the person who posted the videos on Reddit, he was going around 55 mph when the crash happened. He says of the experience, “I loved the FSD until this happened. I was a full believer in autonomous vehicles until this happened to me. Lesson learned.” Thankfully, the only injuries he suffered included a cut on his chin, some lower-back discomfort, and “emotional damage,” as he calls it.

It’s worth pointing out that there are many unknowns here. While there appears to be no reason to suspect these videos and their description are inaccurate, there could be more to the story that we’re not being told. If that doesn’t end up being the case, though, Tesla is likely in a lot of hot water over this. The owner has submitted requests for all of the data relating to the crash so hopefully more of that sees the light of day.

Previous crashes involving the software typically offered some sort of purchase for Tesla defenders to cling to. Based on everything available in the four videos here, it appears as though FSD just made its most blatant mistake in the public sphere.

If this is possible with the hardware and software running Tesla’s planned Robotaxi service, it might have to be even more careful than it’s already planning on being. When asked if he’d ever buy another Tesla, the owner of this car’s words were damning. “I want another but would NEVER use FSD again.” Yeah, I think we can all understand why.

 Tesla On FSD Suddenly Swerves And Crashes Into A Tree, Claims Driver
Photos Reddit/u SynNightmare

Xiaomi’s First SUV Is So Stylish And Powerful, You’ll Wish It Was Sold Here

  • Xiaomi has launched their first crossover in China and it’s called the YU7.
  • It features a stylish design as well as a high-tech cabin with a panoramic display.
  • The model offers three powertrains including a dual-motor AWD system with 681 hp.

The electric SUV game just got a little more interesting. Xiaomi gave us our first look at the stylish YU7 last year, and now the crossover has officially been launched in China. It’s big news as the YU7 is the company’s second model and their first SUV, following the SU7. That sedan has been a runaway success in its home market, racking up 258,000 sales in just 14 months, including 28,000 deliveries in April alone.

The crossover follows in the footsteps of the SU7 and is a high-performance luxury SUV with an impressive design. It features a shark nose front end that is flanked by “waterdrop” headlights, which have channels that direct air out through the hood. Speaking of which, the crossover has the largest clamshell aluminum hood among mass-produced vehicles.

More: Xiaomi YU7 SUV Looks Like A Ferrari Purosangue And McLaren Rolled Into One

Aerodynamics played a huge role in the YU7’s development and the production model has “10 through-flow air channels and 19 optimized vents to manage airflow precisely.” They’re joined by aerodynamically optimized wheels and an active grille shutter system. Thanks to all this attention, the model has a drag coefficient of 0.245.

Since we’ve already seen the crossover before, we’ll just briefly mention a few highlights including flush-mounted door handles and a standard panoramic glass roof. They’re joined by a distinctive rear end with “halo” taillights and two spoilers. The model is being launched in three eye-catching colors – Emerald Green, Titanium Silver, and Lava Orange – and they contrast with gloss black accents.

In terms of size, the YU7 measures 196.8 inches (4,999 mm) long, 78.6 inches (1,996 mm) wide, and 63 inches (1,600 mm) tall with a wheelbase that spans 118.1 inches (3,000 mm). That means the crossover is 2.3 inches (58 mm) shorter than the Tesla Model X and has a 1.4-inch (35 mm) longer wheelbase.

Minimalist Interior, Maximalist Screens

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While the exterior is stylish and expressive, the cabin is overly minimalist. It’s dominated by a 16.1-inch infotainment system and a HyperVision Panoramic Display, which sits at the base of the windshield.

The latter echoes BMW’s Panoramic iDrive Display and spans 43.3 inches. It’s customizable, but can act as a speedometer, a navigation display, and a front passenger display.

Putting screens aside, the crossover has Nappa leather zero-gravity front seats with one-touch recline and a 10-point massage function. They’re joined by power-adjustable rear seats with backrests that can tilt from 100° to 135°.

 Xiaomi’s First SUV Is So Stylish And Powerful, You’ll Wish It Was Sold Here

Rear seat passengers will also find dedicated climate controls and a dual-screen entertainment system. Other highlights include a wireless smartphone charger, hidden air vents, and soft-touch materials throughout.

The crossover can accommodate 23.9 cubic feet (678 liters) of luggage and that can be expanded to 62.1 cubic feet (1,758 liters) by folding the seats down. There’s also a small frunk, which provides 5 cubic feet (141 liters) of space.

Power, Range, and Charging Speed

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Three different configurations are available and the entry-level YU7 has a single electric motor producing 316 hp (235 kW / 320 PS) and 389 lb-ft (528 Nm) of torque. It enables the model to accelerate from 0-62 mph (0-100 km/h) in 5.9 seconds, before hitting a top speed of 149 mph (240 km/h). Buyers will also find a 96.3 kWh battery pack that delivers a CLTC range of 519 miles (835 km).

The mid-level YU7 Pro has a dual-motor all-wheel drive system producing 489 hp (365 kW / 496 PS) and 509 lb-ft (690 Nm) of torque. This cuts the dash to 62 mph (100 km/h) to 4.3 seconds, but the top speed remains unchanged. Unfortunately, the range drops to 472 miles (760 km).

The range-topping YU7 Max has an upgraded dual-motor all-wheel drive system with 681 hp (508 kW / 690 PS) and 639 lb-ft (866 Nm) of torque. 0-62 mph (0-100 km/h) comes in a blistering 3.2 seconds and drivers will eventually hit 157 mph (253 km/h) if they keep their foot planted on the accelerator. The Max is also notable for having a larger 101.7 kWh battery, which delivers 478 miles (770 km) of range.

 Xiaomi’s First SUV Is So Stylish And Powerful, You’ll Wish It Was Sold Here

When the battery is low, owners can go from a 10% to 80% charge in as little as 12 minutes. After 15 minutes, they can get up to 385 miles (620 km) of range.

The YU7 has a double wishbone front and five-link rear suspension with air springs. The latter provide five levels of adjustment, meaning the crossover can provide up to 8.7 inches (222 mm) of ground clearance. Other highlights include continuous damper control and a high-performance braking system with four-piston Brembo calipers.

Xiaomi also confirmed the crossover will have advanced driver assistance technology. This is made possible by a roof-mounted LiDAR sensor, a 4D millimeter-wave radar, 11 high-definition cameras, and 12 ultrasonic radars.

Pricing and Availability

While pricing details haven’t been released yet, Xiaomi founder and CEO Lei Jun dismissed earlier rumors suggesting a starting price around 200,000 yuan ($27,800). “The Model Y starts at 263,500 yuan ($36,600), and based on these (YU7) configurations, this car should cost 60,000 to 70,000 yuan ($8,300 to $9,700) more,” Lei said during the presentation, according to Reuters. “But we’ll talk about the price in July.”

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EV Discounts Hit Record High In China And That’s Bad News

  • Average EV discounts in China climbed to 16.8 percent last month, continuing upward trend.
  • Only BYD, Li Auto, and Seres are currently profitable among China’s many EV makers.
  • Expanding exports has become a key strategy for Chinese EV brands seeking higher margins.

As automakers worldwide scramble to future-proof themselves in the electric era, China has been comfortably in the lead, cranking out next-gen EVs packed with cutting-edge tech and advanced battery systems one after the other at record pace. But behind the buzz and impressive new models, there’s a financial reality dragging at the wheels: most of China’s EV brands are still burning cash, not banking it.

Read: Seres 5 Crushes Tesla Model Y In Comfort But Loses The Battle Where It Counts

At last count, there were around 50 EV brands competing for space on Chinese roads. Out of those, just three of them are thought to be profitable. These include BYD, Li Auto, and Seres. Despite this, brands continue to offer generous discounts to grow their footprint, forgoing financial security in the pursuit of sales.

Discounts Keep Climbing

According to a JP Morgan study cited in a South China Morning Post report, industry-wide discounts averaged a record high 16.8% in April, up from an already steep 16.3% in March. The China Passenger Car Association puts the average discount for 2024 at 8.3%. To top it off, average EV prices were trimmed by 10% back in December. That’s not just aggressive, it’s unsustainable.

Last year, the difference between the selling price of an EV and an automaker’s costs, including raw materials, labor, and logistics, known as the vehicle margin, dropped to 10%. This is down from approximately 20% just four years ago. Analysts believe that most of China’s smaller EV manufacturers will be forced out of the market or will be acquired by larger rivals over the next couple of years.

“Nearly all of them were the victims of price competition,” said Phate Zhang from CnEVPost. “But if any of them chooses to exit the price war, their sales will decline and make it more difficult to post a net income.”

 EV Discounts Hit Record High In China And That’s Bad News

Looking Beyond China’s Borders

One potential lifeline is exports. Chinese carmakers have begun shipping more EVs abroad, where they can command better margins. According to JPMorgan’s Nick Lai, international sales are proving to be more profitable and could provide the breathing room these companies need.

“Price competition has turned fiercer this year. Unfortunately, we have not seen a jump in [EV] demand so far,” Lai noted. The domestic market, while massive, isn’t growing fast enough to offset the steep discounts.

Still, exports are trending upward. In the first four months of 2025, EVs made up roughly 33% of China’s total vehicle exports, up from about 25% over the past two years. It’s not a total solution, but it’s a glimmer of hope for brands looking to survive the increasingly brutal home turf battle.

 EV Discounts Hit Record High In China And That’s Bad News

This Retro SUV From China Costs Less Than A Used Versa

  • The kit includes a military-inspired matte green wrap and black steel wheels.
  • iCar sells single and dual-motor versions of the V23 with up to 211 hp.
  • A special front grille, black bumpers, and a hood-mounted spotlight are featured.

A small but growing number of automakers are figuring out how to make EVs weird in all the right ways. Among them is Chery’s iCar brand, which has a few unconventional offerings, but none more intriguing than the V23. This chunky SUV looks like someone merged a Land Rover Defender with a Suzuki Jimny in a design studio that really loves straight lines. And now, it’s gotten even more eccentric with a retro-styled body kit.

The standard V23 already plays the retro card well, thanks to its squared-off profile, upright front and rear ends, and pronounced fender flares that give it a solid presence. But the new ‘Retro Emotion Package’ takes it further with a matte green wrap that feels perfectly suited to its aesthetic. It might look slightly out of place in a downtown traffic jam, but out in the wild, it fits right in.

Read: Chery’s iCar Expands Its Lineup With Rugged Minivans And Tougher SUVs

Complementing the special wrap is a unique front grille and a blacked-out front bumper. iCar has then added a large spotlight on the hood. Admittedly, it looks a little cheap, and the brand perhaps would have been better to add a set of more traditional circular spotlights to the front end.

Adding to the visual makeover are black rocker panels, side steps, and a set of 19-inch wheels wrapped in all-terrain tires. So yes, it’s dressed to look like it could leave the pavement behind, whether or not it ever will.

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Apparently, iCar was quite serious about developing an upgrade kit that doesn’t just look the part but serves some purpose. According to a report from China’s Ithome, that the matte green wrap has a special anti-glare treatment to meet military vehicle concealment standards. Additionally, the front grille can be quickly and easily removed and replaced by owners.

Considering how affordable most EVs are in China, it’s no shock that this upgrade kit follows suit. Depending on the configuration, it’s priced between 4,000 and 10,500 yuan, or roughly $550 to $1,450 at current exchange rates. As for the V23 itself, pricing starts at 109,800 yuan (about $15,000) and tops out at 149,800 yuan (around $20,500), which keeps the whole setup firmly planted in the budget EV bracket.

To put that in perspective, the base version costs about the same as a used 2021 Nissan Versa with 65,000 miles on the clock – and considerably less personality, if we’re being honest.

Performance-wise, entry-level models come with a 136-horsepower motor driving the rear axle. Higher trims get a dual-motor setup with a total output of 211 horsepower, both modest numbers, but likely enough to keep this small SUV feeling sprightly on back roads and city streets alike.

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Tesla’s Robotaxis Will Work Only Inside A Digital Fence

  • Tesla will initially set up geofencing for its robotaxis operating in Texas.
  • The fleet could start with as few as 10 cars using Unsupervised Full-Self Driving.
  • Elon Musk believes Tesla can be a serious competitor to Waymo.

Tesla boss Elon Musk has made plenty of wildly ambitious – and frequently inaccurate – claims about Tesla’s upcoming fleet of robotaxis. But now, after years of eyebrow-raising promises, the first of them is actually set to hit public roads next month. As part of a pilot program in Austin, Texas, Tesla will finally launch its long-hyped robotaxi service in a bid to close the wide lead Waymo currently holds in the autonomous vehicle race.

In 2019, Musk infamously claimed that by the end of that year, Tesla would have 1 million robotaxis on US roads. It does not currently have a single one, but next month, it will deploy approximately 10 robotaxis in Austin, and, if all goes well, could dramatically expand this to thousands of vehicles. Importantly, these will not be Tesla’s Cybercab, but rather versions of its current models equipped with the new Unsupervised Full-Self Driving system.

Read: Waymo’s Driverless Cars Kept Hitting Objects You See But They Don’t

During a recent interview with CNBC, Musk said it will be prudent for the company to be cautious in its roll-out of the system and that Tesla employees will monitor the fleet of robotaxis remotely.

“It’s prudent for us to start with a small number, confirm that things are going well and then scale it up,” Musk said. “We’ll be watching what the cars are doing very carefully and as confidence grows, less of that will be needed.”

 Tesla’s Robotaxis Will Work Only Inside A Digital Fence

To help ensure the roll-out of the robotaxi fleet is as smooth as possible, vehicles will be geofenced to certain areas of Austin. As the robotaxi fleet expands, Musk predicted that by the end of 2026, Tesla will have “hundreds of thousands, if not over a million Teslas doing self-driving in the US.” Like with all predictions from the world’s richest man, we’ll have to wait and see if this becomes a reality.

Buying Uber?

During the same interview, Musk was asked why Tesla doesn’t buy Uber. Musk sees no need to make such a move, noting the brand already has a large fleet of vehicles and everything it needs to run a successful robotaxi service. This will include the ability for private Tesla owners to add their vehicles to the fleet, meaning they can be used as robotaxis whenever the owner doesn’t need their car.

“We have millions of cars that will be able to operate autonomously,” Musk said. “And I should say that it’s a combination of a Tesla-owned fleet and also enabling Tesla owners to be able to add or subtract their car to the fleet, so that existing Tesla owners will be able to earn money by adding their car to the fleet for autonomous use.”

 Tesla’s Robotaxis Will Work Only Inside A Digital Fence

Growth Energy Applauds House Passage of Budget Reconciliation Bill 

Growth Energy, the nation’s largest biofuel trade association, issued the following statement after the House passed its budget reconciliation bill:  

“We’re grateful to our champions on Capitol Hill who have worked hard to preserve and extend rural priorities, like the 45Z clean fuel production tax credit. This budget reconciliation package would give farmers and ethanol producers the freedom and flexibility to deliver for the American people. It ultimately delivers on the President’s agenda—it’s good for rural communities, good for innovation, good for investment, and good for American energy dominance,” said Growth Energy CEO Emily Skor. “We urge the Senate to protect the 45Z tax credit and get this bill onto the President’s desk, so we can unlock billions of dollars of investments in new markets for farmers and U.S. clean energy innovation.” 

 

The post Growth Energy Applauds House Passage of Budget Reconciliation Bill  appeared first on Growth Energy.

Groundbreaking Electric Tour Vessel Evacuates All Passengers Over Smoke

 

The world's first all-electric, zero-emissions passenger vessel conducted an emergency evacuation of hundreds of passengers on Tuesday after smoke was spotted coming from a battery compartment. No one was injured, and the operator believes that it has identified the fault. 

On Tuesday afternoon, the all-electric tour boat Future of the Fjords was under way on the Aurlandsfjord, near Onstad, Norway. At about 1533 hours, the crew notified the regional emergency response center that there was smoke coming from a battery room. As a precautionary measure, the crew returned to the pier and began evacuating all 300 passengers on board. The vessel was emptied out by 1600, according to NRK, with no injuries reported.

The local fire department responded to the scene and treated it as a high-priority incident, given the risk of serious escalation if a lithium-ion battery bank were to catch on fire. Battery fires produce noxious smoke and high heat, and they are difficult to extinguish. A firefighting team entered the compartment and determined that the situation was under control, and they ventilated the space to clear out smoke. 

“The potential in such incidents is dramatic,” fire team leader Tor Mikkel Tokvam told state radio outlet NRK. “When something like this happens, we take it very seriously.”

On Wednesday, the vessel's operator told local outlet Firda that the problem had been identified: a capacitor in an electrical panel had shorted out and overheated, producing smoke without starting a substantial fire. 

Future of the Fjords is a 2018-built, carbon fiber-hulled tour vessel with a capacity of 400 passengers. It was the first all-electric passenger vessel ever delivered. On a full charge, it is capable of speeds of up to 16 knots for up to 2.5 hours. It recharges with shore power in as little as 20 minutes (with a specialized docking system).

Top image: Future of the Fjords (Saertex / CC BY SA 4.0)

Inmarsat Provides NexusWave to Mitsui O.S.K. Lines

[By: Inmarsat Maritime]

Inmarsat Maritime, a Viasat company, has signed an agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to upgrade its fleet from Fleet Xpress (FX) service to Inmarsat’s NexusWave. This fleet-wide transition to NexusWave will allow MOL to benefit from Inmarsat’s fully managed bonded connectivity service and accelerate the digitalisation strategy of the leading Japanese shipping company. Local Inmarsat partner JSAT MOBILE Communications will be responsible for implementing and supporting the upgrades on board, covering a fleet that includes liquefied natural gas (LNG) carriers, oil tankers, and car carriers.

In response to evolving operational and crew connectivity needs, MOL is seeking multi-layered satellite communications services that support the transformation of its vessels into floating offices and homes. By combining multiple network underlays in one bonded connection, Inmarsat NexusWave delivers the speeds, reliability, unlimited data, and global coverage to support this objective, with enterprise-grade cyber-security, round-the-clock technical support, and fully transparent costs ensuring complete peace of mind.

Junichi Yoshiyama, Chief Digital & Information Officer, Mitsui O.S.K. Lines, Ltd., said: “Our digitalised and connected ships are becoming floating operations centres and homes for our crew, and Inmarsat’s NexusWave will help keep them connected to high-speed internet and support our onboard digitalisation strategy.”

Ben Palmer, President, Inmarsat Maritime, said: “We are proud to continue our partnership with MOL and to deliver NexusWave as an accelerator of maritime digitalisation and, by extension, an enabler of the floating office and floating home. Forward-thinking operators like MOL are drawn to the solution for its performance, robust capabilities, and the confidence that comes from working with a reliable maritime connectivity partner.”

Katsuaki Koike, CEO of JSAT MOBILE Communications, added: “MOL, JSAT, and Inmarsat have been long-term partners, and this collaboration further underscores our commitment to providing cutting-edge connectivity solutions. We are dedicated to supporting MOL’s digital transformation journey and look forward to ensuring seamless and reliable installations across MOL vessels.”

In recent real-world tests, NexusWave achieved download speeds of up to 330–340 Mbps, upload speeds of up to 70–80 Mbps, with average network availability exceeding 99.9%. As part of Inmarsat’s commitment to continuous improvement, the forthcoming integration of the next-generation ultra-high capacity, high-speed ViaSat-3 Ka-band network promises to increase NexusWave’s aggregated connectivity speeds even further.

Brazil Green-Lights MSC's Purchase of Maritime Conglomerate Wilson Sons

 

Brazilian regulators have approved MSC's planned takeover of Wilson Sons, paving the way for the sale's closing. 

Last October, MSC announced plans to buy a 56-percent stake in Wilson Sons from Ocean Wilson Holdings, which had been rumored to be considering a sale since at least 2023. At least one other firm considered placing a bid, but MSC ultimately secured a deal at a price of $760 million. Once the purchase is completed, MSC will launch a public tender offer for the remaining shares in the company, bringing the total transaction value to about $1.35 billion. 

Wilson Sons has been in business in Brazil's ports and towage industry for more than 180 years, and has interests spanning the full breadth of the nation's maritime sector. It has Brazil's largest tugboat fleet, nearly two dozen offshore vessels, two offshore-industry terminals, a container terminal JV, two shipyards, a freight logistics division and a shipping agency, among other assets. The purchase would dovetail with MSC's acquisition of Brazilian coastwise carrier Log-In Logistica in 2021, giving it a foothold in Brazil's cabotage trade. 

It is one of a string of acquisitions that the Aponte family - owners of MSC and Terminal Investment Limited (TIL) - is looking to add to its global ports portfolio. On Thursday, Hong Kong-based ports giant CK Hutchison confirmed that TIL is leading a consortium to buy out Hutchison's global container terminal network, amounting to more than 40 terminals. The transaction is said to be worth about $23 billion - assuming that Hutchison can overcome opposition from Chinese regulators. 

Port Everglades Inks Agreement with MSC’s Everglades Company Terminal

[By Port Everglades]

Everglades Company Terminal, Inc., (ECT) has signed a new 10-year Marine Terminal Lease and Operating Agreement with Broward County, underscoring the Port Everglades' position as South Florida's port of choice and a leading driver of economic growth in Broward County and the state.

The Broward County Board of County Commissioners recently approved the long-term agreement granting Everglades Terminal Company, a subsidiary of Mediterranean Shipping Company (MSC), a new lease on a 39.18-acre terminal in the port's Southport cargo area that is operated by Port Everglades Terminal, LLC. The agreement runs through December 31, 2034, with two optional five-year extensions.

This agreement replaces a previous lease held since 2004 by MSC.

"This agreement with ECT and the continuity provided by its terminal operator Port Everglades Terminal, LLC, further strengthens our position as a vital global gateway for trade," said Joseph Morris, CEO and Port Director of Port Everglades.

According to economic analysts at Martin Associates, ECT's operations under the new lease are expected to generate more than $161 million in business service revenue each year within the region, continue to support 425 direct jobs and contribute approximately $10.5 million in state and local taxes in its first year, based on 85,000 container moves. These numbers are expected to grow substantially over the life of the agreement.

"As a stevedoring and terminal services company, we are committed to providing the superior services for our shipping customers and the local community that relies on the goods that move through our terminal," said Rick Blackmore, CEO of Port Everglades Terminal, LLC.

The new agreement also transfers permanent leasehold improvements made by Port Everglades Terminal to Port Everglades, including an office building, Rubber-Tired Gantry pads, refrigerated racks for 450 stacked reefers, and an inspection dock that has shore power infrastructure for 116 refrigerated shipping containers.
 

Finland’s Next Generation Corvette is Launched

 

The first multi-purpose corvette built for the Finnish Navy as part of the Squadron 2020 project was launched at the Rauma shipyard in Finland on Wednesday, May 21. The company is highlighting it as a significant milestone in the project to build four of the most capable vessels designed to operate year-round in all weather conditions in the Baltic.

“The building of these corvettes will advance the shipbuilding industry and technological know-how in Finland,” said Mika Nieminen, CEO of Rauma Marine Constructions (RMC). “We have increased the capacity of Rauma shipyard purposefully while strategically implementing significant investments in the shipyard area. Rauma shipyard is now in peak condition.”

The company notes that significant investments have been made in the Rauma shipyard throughout the 2020s to strengthen the shipyard’s shipbuilding infrastructure and independent production capacity. A new closed multi-purpose hall was completed for the construction of the multi-purpose corvettes to ensure good working conditions, while additional investments have been made in steel production, a launching barge, and heavy transfer ramps. The indoor hall was required for security during the construction.

 

The hull for the first vessel was completed in February 2025 (Rama)

 

Work began at the end of October 2023 on the first of the vessels which the yard says will have no counterparts worldwide. Pohjanmaa-class corvettes will be equipped with advanced monitoring capacities for air, surface, and underwater surveillance and will be capable of laying navy mines, performing defense actions against surface vessels, submarines, and various airborne targets, and conducting maritime operations. 

The design of the corvettes pays particular attention to shock resistance, noise levels, and stealth technology, highlights RMC. The vessels measure 117 meters in length and will have a crew of 70. They will have a speed of 26 knots.

The keel for the first of the vessels, a block weighing 56 tonnes, was laid in April 2024. Construction began on the second corvette in October 2024 while the hull of the first vessel was completed in February. Keel laying for the second vessel took place on May 8.

 

 

The technical part of the launch process was initiated at the beginning of May when the multi-purpose corvette was moved along the heavy transport ramp to the launching barge and transferred to the harbor. In the harbor, the ship was launched with the help of the barge and then towed to the shipyard’s dry dock for further work, including the mast installation. 

“The newly launched vessel is a strong indication of the close and goal-oriented co-operation between the Finnish Government, the Finnish Defence Forces, the Finnish Defence Forces Logistics Institute, the Finnish Navy, Rauma Marine Constructions, Saab and all our industrial partners”, states Timo Ståhlhammar, Project Director of RMC’s Squadron Project.

RMC reports the Squadron 2020 project is proceeding on schedule. The building pace will accelerate as work on the second and subsequent multi-purpose corvettes progresses. The project is scheduled to be completed in 2029.
 

Digital Twin Project to Next Stage Following Successful Pilot Trials

[By: NAPA]

ClassNK and NAPA, on behalf of all participating organizations, have today announced the successful completion of Phase 3 pilot trials of the cross-industry Digital Twin Project. 

Results from the pilot trials confirmed the feasibility of the platform’s core business scenarios, validating the applications of shared digital twins to enhance collaboration across the maritime value chain between shipowners, shipbuilders, and broader maritime stakeholders. 

The trials demonstrated clear benefits in operational efficiency, cost reduction, and digital value creation, while also identifying areas for further improvement – such as data management and security, contract structures, and business model clarity, including platform fees and value assessment.

The Digital Twin Project is aimed at creating a secure data-sharing platform between shipyards and shipowners to advance the use of digital twins throughout a ship’s lifecycle, contributing to improved operational efficiency and safety. The platform will allow the 3D models created during the ship’s design stage to be shared in a secure, access-controlled digital environment, with the stakeholders involved. The aim is to tackle the hurdles around sharing sensitive design and operational data.  

Breaking down these data silos enables shipyards to make greater use of ships’ operational data to improve future designs, while other projects will support shipowners and charterers in assessing their fleet’s environmental performance and potential emissions reductions and cost savings. Modeling, meanwhile, will provide a data-driven picture of the future impact of deploying new technologies, such as weather routing, wind propulsion, or batteries, on the vessel’s safety, operations and cargo capacity. It will also be used to validate the performance of new systems once installed on board.  

The cross-industry Project includes Nippon Yusen Kabushiki Kaisha (NYK), NYK Group company MTI Co. Ltd. (MTI), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” LINE), Marubeni Corporation (Marubeni) and Marubeni Group company MMSL Japan Ltd., Imabari Shipbuilding Co. Ltd., Japan Marine United Corporation, Mitsui E&S Shipbuilding Co., Ltd., Sumitomo Heavy Industries Marine & Engineering Co., Ltd., Kyokuyo Shipyard Corporation, Usuki Shipyard Co., Ltd., ClassNK and NAPA.

Greenland Approves European-Backed Mine in Remote Fjord

 

Greenland's government has issued a new mining lease to a French-Danish consortium for extracting anorthosite, a silicate mineral used for making aluminum and fiberglass. The license covers provisions for shipping, and the area includes a stretch of waterfront that could be used for industrial access at the ultra-remote mine site. 

The new lease grants permission for development to Greenland Anorthosite Mining AS, a consortium led by French mining firm Jean Boulle Group. Other participants include  state investment funds from Greenland and Denmark; Greenland's public pension fund; and the Danish bank Arbejdernes Landsbank. 

The site (63 18 N / 50 07 W) is located south of the capital of Nuuk on Greenland's rugged west coast, inland from the village of Qeqertarsuatsiat. According to the partners, the resource is uniquely large and of "particularly excellent quality" for making E-glass - the high-tensile silicate glass used for fiberglass reinforcement. High-grade anorthosite is a less carbon-intensive feedstock for E-glass than traditional sources, the firm says; it can also be used as an alternative to bauxite for aluminum production.

The site is at the end of a long fjord, and it includes a small stretch of waterfront. The lease agreement anticipates shipping access: it specifies that any vessels used to serve the project (for development or for export) must meet appropriate Polar Code provisions; must carry a properly-licensed local pilot; and must carry insurance from a P&I Group member. 

When developed, the lease area will be the second active anorthosite mine in Greenland. Under the lease terms, the partnership has to begin resource exploitation by the end of 2028 or seek an extension. If all terms are met, the lease will last for 30 years. 

The lease agreement with a European consortium comes at a time of high tension with the White House over Greenland's mining rights and its continued existence as a sovereign territory. However, this particular application has been in the works with local support since at least 2020, long before the recent tensions began. Greenland Mineral Resources Minister Naaja Nathanielsen told media that despite the well-publicized American interest in the island's minerals, American mining companies have yet to commit to any investment deals - at least, not with the currently-available lease terms. Local rules require up-front investments in development, and it is not as easy in Greenland to acquire a lease and hold it for future use, Aalborg University associate professor Jesper Willaing Zeuthen told Newsweek. 

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