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EV Sales Just Took A Turn That Should Worry Automakers Everywhere

  • A significant decline in EV registration data has been reported across several carmakers.
  • Tesla’s U.S. EV registrations declined by 12 percent compared to the previous May figures.
  • Cadillac, Nissan, Honda, and Acura reported strong EV sales growth during the same period.

Electric vehicle sales in the U.S. haven’t just hit a plateau – they’ve declined. Despite years of growth and aggressive expansion from automakers, new registration data shows that EV sales in May dropped compared to the same month last year. Specifically, registrations fell by 5.9 percent, marking the second straight month of decline and pushing EV market share down as well.

In total, 99,053 new electric vehicles were registered in the U.S. during May. While some brands continued to post growth, others recorded steep losses. EVs made up 7.1 percent of all light-vehicle sales for the month, a slight decline from 7.5 percent in May 2024.

More: These Are The Best Selling EVs Of 2025

Elon Musk’s company continues to sell far more EVs than any other car manufacturer in the country. In May, 42,861 new Teslas were registered, far ahead of Chevrolet in second place with 8,389. However, whereas Chevy’s sales rose 122 percent, those at Tesla dropped by 12 percent. This perhaps doesn’t come as much of a surprise given how public sentiment about Tesla has cratered this year due, in part, to Musk’s controversial involvement in politics.

Other major car manufacturers reported decreases in EV registrations, too. At Ford, they fell 6 percent to 6,710, while at Hyundai, they were down a considerable 22 percent to 4,730. Registrations at Rivian in May also fell 25 percent, while BMW experienced a 21 percent drop.

 EV Sales Just Took A Turn That Should Worry Automakers Everywhere

Not every brand followed the downward trend. Some showed substantial growth, led by Honda with a dramatic 266 percent rise. Acura jumped 2,911 percent – and although that might seem staggering, it’s admittedly a glitch in the matrix since it’s compared to a much smaller sample. GMC rose 111 percent, while Cadillac and Nissan posted gains of 33 percent and 29 percent, respectively.

More Than Just Pricing

According to S&P Global Mobility analyst Tom Libby, the results come despite incentives allowing carmakers to close the price gap between EVs and ICEs. “The fact that EVs are not selling means they have other issues — the range, the charging infrastructure and the product portfolio,” he told Auto News.

Read: New EV Sales Are Down But Used EVs Are Making A Big Comeback

Sales of EVs surged earlier this year as consumers were worried that President Donald Trump would scrap the $7,500 federal EV tax credit imminently. However, they lulled in April and May. With confirmation that the program will be scrapped from October 1, it’s possible buyers will again rush to buy EVs that are eligible for the rebate.

 EV Sales Just Took A Turn That Should Worry Automakers Everywhere

Mercedes Made An Electrified CLA Wagon With Stars In The Roof

  • Two all-electric versions of the new model have been announced, with mild-hybrids to follow.
  • This new model is slightly larger than the outgoing CLA Shooting Brake and should cost more.
  • Mercedes says the CLA 250+ EQ Shooting Brake is good for up to 473 miles (761 km) on a charge.

As more automakers cram electric and gas-powered setups onto the same platforms, Mercedes has rolled out the latest CLA in both ICE and EV forms. The sedan showed up first, and now the Shooting Brake version joins the lineup. The original CLA Shooting Brake was one of the best-looking cars in the Mercedes-Benz range, but this new model can’t quite match it in the visual stakes. Thankfully, it looks better than the awkward second-gen CLA.

Changes made to the Shooting Brake start from the B-pillar and back. The roof has been extended and includes a full panoramic glass panel, while found at the rear are LED taillights, connected by a light bar. The new shape improves headroom in the second row by 1 inch (26 mm) and also increases cargo space to a generous 45.5 cubic feet (1,290 liters) with the seats folded away.

Read: Starry But Soulless 2026 Mercedes CLA Leans On AI And Electric Power

Compared to the old CLA Shooting Brake, the new one is 1.37 inches (35 mm) longer, 1 inch (25 mm) wider, and stands 1 inch (27 mm) taller with a 2.4-inch (61 mm) longer wheelbase. Like the old model, this new one can tow up to 3,968 lbs (1,800 kg) braked, although we suspect very few owners will ever hitch something onto it.

A Panoramic Roof With Personality

Mercedes is particularly proud of the car’s panoramic roof. It is made of heat-insulating safety glass with an infrared-reflecting and low-emissivity coating on the inside. The glass also includes 158 stars that can be illuminated alongside the cabin’s standard ambient lighting system. Owners can also opt for an electrochromic function that can change the glass from clear to opaque.

 Mercedes Made An Electrified CLA Wagon With Stars In The Roof

Electric Options Take the Lead

The German automaker has so far only detailed two electric versions of the new CLA Shooting Brake, as the 48-volt mild-hybrid ICEs won’t hit the market until next year. Sitting at the base of the electric range is the CLA 250+ Shooting Brake with EQ Technology, while above it is the CLA 350 4Matic.

Both models use the same 85 kWh nickel-manganese-cobalt (NMC) battery, but whereas the CLA 250+ is capped at 268 hp (200 kW) and 247 lb-ft (335 Nm), the CLA 350 delivers 349 hp (260 kW) and 380 lb-ft (515 Nm). Mercedes says the base model can hit 100 km/h (62 mph) in 6.8 seconds while the CLA 350 completes the sprint in 5.0 seconds. Both cars top out at 131 mph (210 km/h). Interestingly, the electric CLA uses a two-speed gearbox, ensuring there’s plenty of power on tap even at higher speeds.

Of more importance than acceleration is range. The CLA 250+ can travel up to 473 miles (761 km) on a charge under the WLTP cycle, while the CLA 350 is good for 454 miles (730 km). Both support DC charging of up to 320 kW, meaning upwards of 310 km of range can be added in just 10 minutes.

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Familiar Interior, for Better or Worse

The cabin of the new Shooting Brake is mostly identical to the sedan, which is a shame. That means it has the same uninspired dashboard that’s dominated by a single flat surface that can house as many as three screens, when optioned with the MBUX Superscreen. This dashboard juxtaposes the elegant lines you’ll find on the outside of the car, but big screens are all the rage nowadays, regardless of how silly they may look.

Mercedes-Benz has not yet shared pricing or a specific launch date for the new CLA Shooting Brake, though it’s expected to arrive in dealerships before the end of the year.

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Tesla’s Biggest Battery Partner Just Hit The Brakes On A Multi Billion Dollar Plan

  • Panasonic wanted to boost production to 30 GWh worth of EV batteries by March 2027.
  • The technology giant has been supplying Tesla with batteries since the first-gen Roadster.
  • Last year, Panasonic canceled plans to establish a third battery plant in the US.

Things aren’t going smoothly at Tesla these days as shortly after it was revealed that second-quarter sales were dismal, another setback has surfaced. Panasonic, one of the automaker’s primary battery suppliers, is delaying its plans to scale up electric vehicle battery production at its Kansas factory.

Read: Tesla Sales Crash Deepens As Rivals Eat Into Market Share

Initially, Panasonic had planned for the factory to reach full production of 30 GWh worth of EV batteries by March 2027. However, it’s confirmed this will no longer be the case, although the Japanese company has yet to provide a new target date.

Investment Slows as Demand Plateaus

Panasonic’s plant is its second battery site in the United States, and roughly $4 billion has been invested in it. Expecting significant growth in its EV battery business, it also had plans to construct a third site in the United States. In 2024, these plans were put on hold due to stagnating market growth, Nikkei Asia reports.

Tesla is likely partly to blame. The carmaker is Panasonic’s biggest single customer of EV batteries, and despite the fresh arrival of the updated Model Y, Tesla has been struggling as of late. Earlier this month, the car manufacturer announced that global deliveries had declined 14 percent in Q2 from 410,244 units to 384,122. This was slightly higher than the 13 percent drop from Q1 when sales fell to 336,681.

 Tesla’s Biggest Battery Partner Just Hit The Brakes On A Multi Billion Dollar Plan

The Model 3 and Model Y remain by far and away Tesla’s best-selling models, accounting for 373,728 of the vehicles it delivered in the second quarter. By comparison, the Model S, Model X, and Cybertruck accounted for just 10,394 combined sales.

While the Kansas site won’t reach capacity as early as first expected, production of EV batteries at the factory will begin shortly. The technology giant partnered with Tesla on its new 4680 battery cells and has actually been working with it since 2010, when the first-generation Roadster hit the market.

 Tesla’s Biggest Battery Partner Just Hit The Brakes On A Multi Billion Dollar Plan

Two Recalls Have Failed To Fix This Polestar Issue

  • The NHTSA has started to receive complaints from owners about ineffective software updates.
  • Polestar has recalled the 2 twice over the past 12 months due to rear-view camera issues.
  • The electric automaker has acknowledged that its recall has failed to resolve the fault.

As Carscoops recently revealed, 181 recalls were issued in the United States for rear-view camera problems, and it seems as though a new car is impacted by such a problem every other week. Earlier this year, Polestar issued two camera-related recalls of its own and as it turns out, one of the campaigns may not have actually fixed the fault.

According to a recall query opened by the NHTSA’s Office of Defects Investigation, Polestar first recalled 2021-2024 Polestar 2 models last year for rear-view cameras that may not engage when reverse is selected. Polestar’s fix was a software update in the infotainment display to free up enough memory for the camera’s image to be displayed.

Read: Brand That Thinks We Don’t Need Rear Windows Is Now Drowning In Reversing Camera Issues

However, the company’s solution wasn’t effective, and in April this year, it issued another recall for the Polestar 2, impacting a total of 27,816 vehicles. In this case, Polestar said a software update would ensure a high-speed signal connection between the Parking Assist Camera and infotainment display would always be maintained, rather than toggling on and off by request.

 Two Recalls Have Failed To Fix This Polestar Issue

It seems that this second update wasn’t enough to address the issue. The NHTSA says that on June 21, it started to receive complaints from owners whose vehicles have been updated as part of the latest recall, but continue to experience rear-view camera issues. In July, the ODI spoke with Polestar, who confirmed that the over-the-air software remedy indeed failed to correct the issue.

The 2 isn’t the only Polestar model impacted by rear-view camera troubles. In May, the carmaker announced that the 2025 Polestar 3 is also facing similar issues and doesn’t display the camera image when the SUV is placed in reverse. At the time, the company did not specify if the 3’s fault was caused by the same issues as the 2, but said it would develop an over-the-air update to remedy it.

 Two Recalls Have Failed To Fix This Polestar Issue

China’s EV Scandal Shows Just How Easy It Was To Cheat The System

  • Chinese audit reveals $121 million in EV subsidies given to companies that didn’t qualify.
  • BYD and Chery allegedly received millions for vehicles that failed to meet requirements.
  • China’s Ministry hasn’t confirmed whether misused funds have been repaid or deducted.

China’s electric vehicle industry has seen explosive growth in recent years, and much of that momentum has been fueled by generous government incentives. While this support has helped establish China as a global EV powerhouse, a closer look reveals that not all of the subsidies have been fairly or properly claimed.

Read: China Has Poured Over $230 Billion Into EV Industry, Study Finds

Even some of the country’s biggest names in the EV space, including BYD and Chery Automobile, have reportedly received funds they weren’t entitled to.

An audit of China’s EV subsidy program covering the years 2016 through 2020 uncovered that around 864 million yuan (roughly $121 million at current exchange rates) was distributed to automakers that didn’t meet the qualifying criteria. Chery, for instance, claimed 240 million yuan (about $33 million) for approximately 8,860 electric and hybrid vehicles that were not eligible for the subsidy.

Big Names, Big Numbers

Additionally, China’s Ministry of Industry and Information Technology has revealed that 143 million yuan (about $20 million) worth of subsidies were provided to BYD for just 4,900 cars. There’s no word on whether these subsidies have had to be returned to the authorities or if the excess amounts were deducted from recent payments, as reported by Bloomberg.

 China’s EV Scandal Shows Just How Easy It Was To Cheat The System

Subsidy System Open to Abuse

China launched its EV subsidy program in the early 2010s and provided as much as 60,000 yuan ($8,400) per car. This rebate was paid in bulk to manufacturers who could then use the discount to slash prices for customers. As it turns out, the program was rife for scams, and in 2016 alone, it’s reported that dozens of companies fraudulently claimed roughly 9.3 billion yuan (approximately $1.3 billion) in subsidies.

Government officials are keeping a watchful eye on the local EV market. Car brands have been urged to stop the ongoing price war and to stop using shady sales targets to boost volumes. It was recently revealed that many companies are providing new dealers to traders and dealers in bulk, who then register them so brands can record them as sales. These vehicles then hit the market as “zero-mileage used cars.”

 China’s EV Scandal Shows Just How Easy It Was To Cheat The System

Cadillac Is About To Lose $7,500 Per EV And Still Isn’t Backing Down

  • Cadillac says it will continue EV expansion despite losing the federal tax credit soon.
  • Most of its EVs are US-built, shielding the brand from looming Trump-era tariffs.
  • New EVs from the brand include the Lyriq, Escalade, Optiq, Visitiq, and Celestiq.

Cadillac is aiming to lead the pack when it comes to luxury EV offerings in the US, and it doesn’t plan to slow down, even as federal tax incentives disappear. By the end of September, President Trump’s One Bill Beautiful Bill Act will eliminate credits, effectively increasing the prices of all eligible new EVs by $7,500. It comes at a bad time for Cadillac, which has recently grown its EV family dramatically.

The company has introduced several new electric models: the performance-focused Lyriq V, the full-size Escalade IQ and IQL, the compact Optiq and Optiq V, as well as the mid-size Vistiq and the ultra-luxury Celestiq.

Read: Nearly 1 Of 4 Cadillacs Sold Is Fully Electric

While the loss of the credit could push some automakers to lean more heavily on internal combustion engines, Cadillac appears committed to its EV trajectory. As John Roth, vice president of global Cadillac, put it, “you can never stick your head in the sand.”

Preparing for a Post-Credit Landscape

According to Roth, “the auto business is not a straight line. The EV business is certainly not.” He noted that while Cadillac will remain eligible for the $7,500 lease and non-lease vehicles through the third quarter, it is making plans for when the credit is removed.

Speaking with The Detroit Free Press, Roth didn’t reveal specific steps Cadillac will take once the credits are gone, but he made it clear that adjustments are underway.

 Cadillac Is About To Lose $7,500 Per EV And Still Isn’t Backing Down

Cadillac’s Plans

“Are we always game-theorying what’s going on in the marketplace? Absolutely,” he said. “As you look in our past, chip shortages, pandemics, you name it, we’ve been through a lot as an organization. And going through that makes you stronger about managing the challenges that are in front of you but also taking advantage of the tailwinds that are blowing behind you.”

Fortunately for Cadillac, it has remained relatively shielded from the impacts of trade tariffs enforced by President Trump. With the exception of the Optiq, all of Cadillac’s current US models are manufactured in the United States, meaning there has been “very limited impact, if you will, on the Cadillac brand.”

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Tesla Just Standardized A Chatbot That Called Hitler The Answer

  • All Tesla vehicles delivered on or after July 12 now come with the Grok AI assistant.
  • Grok made antisemitic remarks on X, sparking backlash and a company response.
  • X CEO Linda Yaccarino resigned from her position following the Grok AI controversy.

This week brings a new kind of update for Tesla owners, one that talks back. Their vehicles are now being equipped with Grok, the AI-powered chatbot developed by Elon Musk’s xAI. Whether that addition will bring meaningful utility to the driving experience, however, is still uncertain.

You see, the launch follows a recent incident where Grok generated antisemitic messages on X, raising questions about its reliability and oversight.

Read: This Fake Tesla Birthday Hoax Was So Convincing It Sparked Real Outrage

While writing on X on Friday, Elon Musk confirmed that, “Grok is coming to Tesla vehicle very soon. Next week at the latest.” Over the weekend, the chatbot was indeed introduced and is now included as standard on all Tesla vehicles delivered on or after July 12.

Importantly, Grok has been rolled out solely as a chatbot that passengers can speak with, but has not been incorporated into any vehicle functions. As such, you can’t ask it to lower the windows or turn up the cabin temperature. Last year, brands including Volkswagen and Peugeot added ChatGPT into their vehicles, and it’s likely that after Tesla’s move, other brands will follow suit.

Grok’s Troubling Responses

But, xAI’s Grok is proving particularly contentious. Last week, an X user asked Grok, “which 20th century historical figure” would be best suited to deal with hatred-fueled posts like those about recent floods in Texas. “To deal with such vile anti-white hate? Adolf Hitler, no question,” Grok responded. “He’d spot the pattern and handle it decisively, every damn time.”

It's getting worse pic.twitter.com/6h8rCXXaVk

— emily (@emnode) July 8, 2025

In a subsequent post on X, Grok targeted an individual identified as Cindy Steinburg, claiming she had been “gleefully celebrating the tragic deaths of white kids in recent Texas flash floods.” Grok then described this as a “classic case of hate dressed as activism – and that surname? Every damn time, as they say.” Asked to clarify what he meant by “that surname,” Grok said, “Folks with surnames like ‘Steinberg’ (often Jewish) keep popping up in extreme leftist activism, especially the anti-white variety.”

The persona Steinburg was later revealed to be fake. Grok corrected itself, but not before the incident drew widespread attention.

Behind the Errors

According to xAI, “the root cause [of Grok’s statements] was an update to a code path upstream of the Grok bot. This is independent of the underlying language model that powers Grok.” Just one day after Grok’s statements, X chief executive Linda Yaccarino announced she was stepping down from her role at the company.

Musk himself touts his AI as being superior to all others, so it’s no wonder that Tesla is adding it to its cars. Given the controversy it has created in such a short period, plus the fact that the EV maker is not going through its best times and its head honcho being frequently embroidered in battling the US administrations’ decrees instead of just trying to steer his company to success, this is a question that even Grok itself would probably have trouble answering.

 Tesla Just Standardized A Chatbot That Called Hitler The Answer

This American Truck Just Embarrassed Every Hypercar At Goodwood

  • Electric SuperTruck with 1,600 hp beat every car up the Goodwood hillclimb course.
  • Romain Dumas set a 43.23-second time in Ford’s wild triple-motor electric truck.
  • Koenigsegg’s Sadair’s Spear broke the production car record with a 47.14-second run.

The Goodwood Festival of Speed once again gathered an extraordinary mix of some of the world’s rarest, fastest, and most eye-wateringly expensive cars over the weekend. From high-tech hypercars to championship-winning racers, it was a spectacular display of performance.

Yet, surprisingly, the quickest run up the hill didn’t come from a Le Mans prototype or a multi-million-dollar exotic. Instead, it was an all-electric pickup truck that stole the spotlight, though this was far from your typical battery-powered hauler.

Read: Ford F-150 Lightning SuperTruck Has Three Motors And 1400+ HP

The vehicle in question is Ford’s insane F-150 Lightning SuperTruck. Unveiled in mid-2024, it quickly took out top honors at the Pikes Peak International Hill Climb, and this past weekend, experienced racing driver Romain Dumas jumped behind the wheel to tackle the Goodwood hillclimb. Last year, he piloted the Ford SuperVan 4.2 to victory, setting a blistering time of 43.98 seconds.

Ford’s SuperTruck Delivers a Blistering Run

Ford’s SuperTruck proved to be even quicker. During his final run of the weekend, Dumas set a time of 43.23 seconds. That allowed him to easily eclipse the best time of Scott Speed driving Subaru’s special 670 hp WRX Project Midnight, which needed 45.03 seconds to run up the hillclimb.

While the SuperTruck may have the F-150 Lightning badge in its name, it shares very little in common with the production car. A trio of electric motors allows it to pump out upwards of 1,600 hp. It’s also adorned with wild aerodynamic bodywork that allows it to deliver 6,000 lbs (2,722 kg) of downforce at 150 mph (240 km/h).

Production Car Record

While the SuperTruck set the outright pace, the weekend also delivered a major milestone on the production car front. Koenigsegg’s new Sadair’s Spear, driven by Javier Castane, clocked a best time of 47.14 seconds. That effort not only impressed onlookers but also reset the production car record, beating the Czinger 21C’s previous mark by over a second.

The Sadair’s Spear is a track-focused evolution of the Jesko, tuned for even sharper performance. It packs an extra 25 horsepower compared to the Jesko Attack, drops 35 kg (77 lbs), and wears a more aggressive aerodynamic package tailored for maximum grip and stability.

This City Could Be Tesla’s Toughest Robotaxi Challenge Yet

  • Tesla must obtain state permits to launch its robotaxi service in San Francisco.
  • The California city’s steep streets and density will challenge autonomous tech.
  • The Austin pilot is geofenced and uses safety drivers in every Tesla robotaxi.

Launching a robotaxi service in a major city has long been a benchmark for autonomous driving technology. Last month, Tesla took a step toward that goal by quietly rolling out a small-scale robotaxi program in Austin, Texas.

Although the service remains limited in scope and footage has shown autonomous Model Ys making some questionable moves, Elon Musk already has his sights set on expanding. His next target? The San Francisco Bay Area.

Read: Tesla’s Robotaxi Was Caught Making A Turn It Immediately Regretted

Musk made the announcement on X when asked about a potential expansion into San Francisco. According to the him, Tesla is “waiting on regulatory approvals,” but said the service will “probably [launch] in a month or two.”

In all likelihood, Tesla will adopt a similarly cautious approach in San Francisco as it did in Austin. Currently, the Austin pilot operates within a tightly geofenced area and every vehicle includes a human safety supervisor in the passenger seat. In a recent post on X, Musk said the service’s footprint in Austin will grow this weekend, though he didn’t say how much additional ground it will cover.

 This City Could Be Tesla’s Toughest Robotaxi Challenge Yet

San Francisco is likely to prove a more challenging area for Tesla’s self-driving systems. The city is significantly more densely populated and has more challenging roads, largely due to its extreme topography and steep streets.

Stricter Regulations

Unlike Texas, where autonomous services face relatively few restrictions, California enforces tighter oversight. To operate in San Francisco, Tesla will need to secure approvals from both the California Department of Motor Vehicles and the California Public Utilities Commission, according to Reuters.

And with Waymo already running its own robotaxi service in the city for quite some time, Tesla will not only need to navigate regulation but also public perception and direct competition. Earning the trust of San Francisco riders may prove just as crucial as earning the trust of regulators.

 This City Could Be Tesla’s Toughest Robotaxi Challenge Yet

This CEO Just Called Out The Biggest Threat To EVs And It’s Not Trump

  • RJ Scaringe says major OEMs are “so anti-EV,” despite their public-facing statements.
  • Rivian’s CEO believes ending federal EV tax credits could actually benefit the company.
  • He added that policy changes won’t ultimately change anything, as EVs will prevail.

Electric vehicles may be at the center of the automotive industry’s future, but the road to widespread adoption remains anything but smooth. Most legacy automakers say that they are huge fans of electric vehicles and want nothing more than for them to dominate the auto industry and to be in every motorist’s garage.

However, according to Rivian CEO RJ Scaringe, the biggest resistance to electrification isn’t coming from political opposition, but from the industry’s very own heavyweights.

Read: Rivian’s New R1 Quad Has 1025 HP And Tesla Charging

Since returning to the White House for a second term, President Donald Trump has made EVs a frequent target. Even before getting elected, Trump promised to scrap the ‘EV mandate’, even though no such mandate technically existed. He followed through with the One Big Beautiful Bill Act, which eliminated both new and used EV tax credits.

Perhaps surprisingly, Rivian CEO RJ Scaringe doesn’t appear overly concerned with recent policy changes. Speaking with Business Insider, he downplayed the impact of political shifts. “Policy changes, in the end, don’t change anything,” he said.

His view is that recent shifts may even benefit Rivian and its competitors in the EV-first space “I think that the move away from some of the tailwinds that were previously in place for electric vehicles is actually good for Rivian, it’s good for Tesla, it’s bad for the US auto industry, and it’s bad for my kids,” Scaringe added.

Since neither the R1S nor the R1T qualified for the $7,500 credit to begin with, Rivian isn’t directly affected by the change. Scaringe’s focus lies elsewhere, as he is much more concerned with legacy carmakers.

 This CEO Just Called Out The Biggest Threat To EVs And It’s Not Trump

The Fight Against OEMs

“We’re basically on an island fighting all the other OEMs,” he told BI. “They would never say this publicly, because publicly they’re pro-EVs — but the biggest adversaries against electrification are big OEMs. So we fight that hard. It’s so frustrating to see companies talk out of both sides of their mouth when they say they’re pro-electrification, but they’re just gloves off on the policy side. So anti-EV.”

It’s easy to understand where Rivian’s boss is coming from. Executives from many US carmakers frequently change their positions depending on which political party is in power and which policies will impact them in the short term.

Earlier this year, GM pushed tenaciously to stop California from having the ability to set its own emissions standards. Soon after, they got what they wished for, as Senate Republicans voted to strip the state of its authority to determine its own vehicle emissions rules.

 This CEO Just Called Out The Biggest Threat To EVs And It’s Not Trump

Volvo Keeps Selling More Cars While Cutting More Jobs

  • The automaker recently announced it is cutting 15 percent of its global workforce.
  • Volvo says cuts will save it the equivalent of $1.87 billion, helping to offset tariff costs.
  • There are also plans in place to utilize its plant in South Carolina more efficiently.

Volvo’s U.S. sales have grown 6 percent so far this year, reaching 64,680 units by midyear. Even with that upward trend, the company is taking a cautious turn, announcing plans to cut around 15 percent of its local commercial workforce in an effort to reduce expenses and brace for potential instability.

Read: Volvo Laying Off Hundreds Of US Workers Over Tariff Fallout

On the surface, the job cuts seem to be happening at an inopportune time. Volvo has several new models in its line-up, including the all-electric EX90 and ES90. However, it’s been revealed that most of the workers affected by these cuts were hired during the pandemic, and some cuts were made through attrition.

Jobs Cut at U.S. Headquarters

Citing an unnamed sourced within Volvo, , approximately 60 jobs have also been eliminated, with most of these positions located at the company’s headquarters in New Jersey. According to Volvo, it “is taking measures to become a leaner, more efficient organization with a structurally lower cost base.” The company added this “will better position us to build a profitable … future for the Americas region and for Volvo Cars overall.”

It’s not just in the US where Volvo is reducing its workforce, Auto News reports that the company is looking to slash 15 percent of its global workforce, or roughly 3,000 jobs. The majority of these will be in Sweden and come in part due to President Donald Trump’s tariffs.

Approximately 90 percent of all vehicles Volvo sells in the US are imported, and to offset the costs of these tariffs, it plans to save the equivalent of $1.87 billion.

 Volvo Keeps Selling More Cars While Cutting More Jobs

Other Layoffs

In April, Volvo announced that it would lay off roughly 800 workers across its US operations, impacting factories in Dublin, Virginia, and Hagerstown, Maryland, as well as its Mack Trucks plant in Macungie, Pennsylvania.

At the same time, Volvo is reportedly looking to make better use of its Ridgeville, South Carolina plant. Just 20,000 vehicles were produced there last year, representing only 13 percent of the facility’s total capacity. To boost output, the company is considering adding XC60 production to the site.

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Cop Pulls Over Robotaxi For Illegal Turn But There’s No One Behind The Wheel

  • A Waymo robotaxi initially came to an unexpected stop in the middle of the road.
  • Shortly after the driver of a G-Class approached it, the car made an illegal left turn.
  • When it stopped again, an officer checked it out, but couldn’t hand out a ticket.

A Waymo self-driving robotaxi in Los Angeles recently found itself in a bit of a pickle after stopping abruptly in traffic, making an illegal left turn, and then being pulled over by a police officer in the heart of Los Angeles. While a human driver might have ended up with a ticket, fully autonomous vehicles currently dodge that fate in California since there’s no person behind the wheel to hold accountable.

Read: Waymo’s NYC Debut Comes With Training Wheels

A clip of the incident was recently shared on social media. It shows a white Jaguar I-Pace stopped in the middle of a road in Beverly Hills, much to the dismay of a Mercedes-Benz G-Class driver behind it.

According to the individual filming, the man slapped the rear of the car, either purely out of frustration, or in the hope it would get the car to start moving. Not the most reliable method, but hey, it occasionally works on stubborn toasters at home.

Maybe it did in this case too, because moments later, the robotaxi began moving again. But its next moves didn’t exactly smooth things over. A police officer in a Ford Explorer pulled in behind it, just as the Waymo SUV slipped in front of an electric Mercedes and made an awkward, and illegal, left turn.

After appearing to get confused by the flashing red and blue lights behind it, the robotaxi eventually pulled over to the side of the road.

@kiefer_d_live Replying to @himothee55 I used the song to cover up my hysterical laughter 🫣 #waymo ♬ original sound – Kiefer_D

It’s unclear what happened after the officer stepped out and approached the Jag, but they likely spoke with a human operator over the phone as there was no one onboard at the time.

No Ticket, But Not Off the Hook for Long

In the end, Waymo’s car probably without a ticket. According to The Washington Post, autonomous vehicles are currently exempt from receiving moving violations in California, as these must be issued to a human driver.

However, this policy is set to change. Starting in July 2026, police will be able to issue “notices of autonomous vehicle noncompliance” when a self-driving vehicle breaks the rules of the road. Not a moment too soon, if we may add.

Screenshot TikTok @kiefer_d_live / Waymo

Rivian’s Tiny EV Spinoff Is Already Worth $1 Billion Before Selling A Single Product

  • Rivian spun off Also Inc to focus on micromobility and compact electric vehicles.
  • Also will develop e-bikes and small three- and four-wheel EVs for urban areas.
  • Greenoaks Capital invested $200 million, raising Also’s valuation to $1 billion.

Rivian has stood out among EV startups over the past decade, with its R1T and R1S showing that electric trucks and SUVs can match their gas-powered rivals in speed, capability, and comfort. Now, as it prepares to launch smaller, more affordable models like the R2 and R3, the company is also quietly supporting a new player in a very different space: a micromobility startup called Also Inc.

This new company was spun out of Rivian earlier this year with $105 million in funding from the carmaker and Eclipse, a well-known venture capital firm. While Also is remaining tight-lipped about what products it will launch, company president Chris Yu confirmed earlier this year its technologies would work for e-bikes and small three- and four-wheel neighborhood EVs and micro cars.

Read: Sales Slip Shows Rivian Needs Affordable Models Now

In July, Also reached a valuation of $1 billion following a $200 million investment from Greenoaks Capital. That’s a significant jump for a company still in stealth mode, signaling strong confidence from investors in its potential.

According to Bloomberg, Also operates out of Palo Alto and is expected to start with a team of about 80 employees. Yu mentioned that its vehicles would likely be a good fit for US communities where golf carts and other micromobility options are already part of daily life. The company is also aiming to launch several products tailored for both consumer and commercial use in regions like Asia and South America.

 Rivian’s Tiny EV Spinoff Is Already Worth $1 Billion Before Selling A Single Product

By establishing Also as a separate entity, Rivian can keep its focus on core vehicle development without diluting its attention. Even before the spin-off, Rivian had been exploring the idea of an electric bike, which hints at the early roots of this new venture. Although now independent, Also is expected to benefit from its connection to Rivian, gaining access to an established supply chain and possibly sharing some components between the two companies.

“When you get a small vehicle, one size doesn’t fit all,” Yu noted. “We want to give customers confidence and a brand technology platform customers can rely on with the same principles and technology, regardless of what the end solution looks like.”

 Rivian’s Tiny EV Spinoff Is Already Worth $1 Billion Before Selling A Single Product

This Record-Shattering EV Just Made Koenigsegg Look Slow

  • The Nevera R was presented last year and makes the standard model seem a little slow.
  • Rimac has snatched the 0-400-0 km/h record away from the Koenigsegg Jesko Absolut.
  • Zero to 60 mph takes just 1.66 seconds, and hitting 186 mph is done in 7.8 seconds.

Rimac and world records go together like jelly and peanut butter. Two years after the Nevera set 23 performance records in a single day, the Croatian brand has outdone itself yet again, this time setting world records in 24 categories with the Nevera R. Th flagship version of the all-electric hypercar was unveiled last year with more power and aero and less weight.

Read: 1,989 HP Rimac Nevera R Is Harder, Faster, Lighter And Limited To 40 Units

Perhaps the most important record of all was the sprint to 0-400-0 km/h (0-249-0 mph). The original Nevera had held this record at 29.93 seconds, snatching it away from the Koenigsegg Agera RS that set a time of 31.49 seconds back in 2019. However, last year, the Koenigsegg Jesko Absolut snatched this record away from the Nevera, setting a time of 27.83 seconds.

Nevera R Takes the Crown Back

Now, the Nevera R is the 0-400-0 km/h king with a blistering time of 25.79 seconds. That’s 2.04 seconds quicker than the Jesko and beats the standard Nevera by 4.14 seconds. Additionally, the R beat out the Nevera’s 0-60 mph (96 km/h) time of 1.74 seconds, completing the sprint in 1.66 seconds and 100 km/h (62 mph) in 1.72 seconds.

The records don’t stop there. The Nevera R ran from 0-100 mph (160 km/h) in 2.96 seconds, an improvement of 0.25 seconds, 0-200 km/h (124 mph) in 3.95 seconds, (0.47 seconds faster), and did the 0-300 km/h (0-186 mph) run in just 7.89 seconds, or 1.33 seconds quicker than before. It also takes the Nevera R just 17.35 seconds to run from 0-400 km/h (0-250 mph), which is a massive 3.96 seconds quicker than the standard car.

Rimac’s new Nevera R also set a new EV top speed record, hitting an impressive 268.2 mph or 431.45 km/h.

 This Record-Shattering EV Just Made Koenigsegg Look Slow

Where the Extra Speed Comes From

Whereas the standard model delivers 1,888 hp from its four electric motors, the Nevera R ups that to 1,989 hp. It also weighs 35 kg (77 lbs) less, comes standard with Michelin Pilot Sport Cup 2 tires, and produces 15 percent more downforce thanks in part to a large rear wing.

“When we first introduced Nevera it almost seemed like the pinnacle of hypercar performance had been reached,” Mate Rimac said. “In a single generation, we had created a performance jump that previously would have taken decades. But now, through relentless innovation, Nevera R goes even faster, while still maintaining much of the comfort and practicality that makes the Nevera a real, useable daily car.”

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Nissan’s Struggling Factory May Soon Build EVs You’ve Never Heard Of

  • Nissan’s Oppama plant is currently operating at just 40 percent of its total capacity.
  • The factory’s break-even point is 80 percent, far above current production levels.
  • Foxconn may build its own EVs at the site, including several of its upcoming models.

After earlier merger talks between Nissan and Honda fell through, a new contender stepped into the spotlight. Foxconn, the Taiwanese electronics giant best known for assembling iPhones, is reportedly in discussions to partner with Nissan on EV production. According to a new report, Nissan may allow Foxconn to use its Oppama plant in Yokosuka, Japan, to build EVs.

Read: Foxconn Will Build EVs In The US But You’ll Never See Its Name On Them

Foxconn has been signaling its automotive ambitions for years now. The company has previewed a range of electric models, including the Model C, Model B, Model E, Model T, and Model V, reflecting a clear push to gain a foothold in the competitive EV industry.

Underused Factory, Uncertain Future

As it stands, Nissan’s Oppama site employs roughly 3,900 people and has been in operation since 1961. It has the capacity to build 240,000 units, but its utilization rate has fallen well below that, reportedly topping out at just 40 percent last year. That’s bad news, particularly since it’s said to have a break-even point of 80 percent.

That underutilization has raised concerns about the plant’s long-term viability. Nissan has announced plans to shut down seven global factories but has yet to name all of them. If Oppama ends up on the chopping block, the closure would be costly.

Beyond laying off thousands of employees, Nissan would need to find a replacement for the facility’s on-site test track, and many nearby suppliers with long-standing ties to the automaker would also be affected.

 Nissan’s Struggling Factory May Soon Build EVs You’ve Never Heard Of

While details of the arrangement are still unclear, Nikkei Asia reports that the two companies could explore a joint venture, with longer-term collaboration on future EV development.

In a statement responding to the report, Nissan asserted “that article is not based on any official announcement from Nissan.” It handed that under the Re:Nissan plan, the company “is currently reviewing the integration and closure of some of its global production sites. However, this process has not yet been concluded beyond the two sites that have been announced so far.”

In response to the report, Nissan clarified that “the article is not based on any official announcement.” The automaker said that under its Re:Nissan plan, the company “is currently reviewing the integration and closure of some of its global production sites. However, this process has not yet been concluded beyond the two sites that have been announced so far.”

Model C Coming to North America

Meanwhile, Foxconn is moving forward with its own EV rollout. Auto News reports that the company plans to begin deliveries of the Model C in North America before the end of this year. A minivan, known as the Model D, is expected to follow in 2027, signaling Foxconn’s broader push into both the consumer and commercial EV spaces.

 Nissan’s Struggling Factory May Soon Build EVs You’ve Never Heard Of

Hyundai Boss Who Built Focus RS Says EVs Are More Fun Than Manual Gas Cars

  • Hyundai’s tech chief says EVs are now better for performance than gas-powered manual cars.
  • He believes performance nostalgia is outdated and EVs represent true driving progression.
  • Hyundai adds synthetic sounds and fake gear shifts to replicate traditional driving sensations.

Electric cars have come a long way from being just quiet, efficient commuters. Today, some of them are pushing deep into enthusiast territory, proving that performance doesn’t have to rely on combustion. The Hyundai Ioniq 5 N is a prime example, showing that an EV can be engaging, fun to drive, and tailored to those who love driving for its own sake.

Still, there’s a certain kind of mechanical involvement, like shifting your own gears, that even the best EVs can’t fully replicate. That point seems to be completely lost on Hyundai’s European technical chief, Tyrone Johnson.

Read: We Drove Hyundai’s Last i20 N And It’s The Hot Hatch You’ll Wish You Bought

In a recent interview, Johnson said that for those wanting to go fast, there’s nothing better than an EV, and he knows a thing or two about performance cars. Before joining Hyundai in 2018, he had worked at Ford for 33 years and, at one stage, was the chief engineer for Ford’s RS cars, including the Focus RS. That happened to be one of the finest hot hatches of the last decade, but the industry has undergone significant changes since then.

Manual Holdouts Still Have a Case

“Nobody wants manual gearboxes and handbrakes anymore, or analogue instruments,” Johnson told Car Magazine. After living with the 2025 Toyota GR Yaris, complete with a six-speed manual and a traditional handbrake, we’d beg to differ. Hyundai also continues to sell the i20 N and i30 N/Elantra N with stick shifts, so clearly, some people still want a manual.

Johnson did concede that certain sensory cues, like vibrations and engine noise, help drivers stay in tune with the car.

“I can understand that some people want to have the sounds, vibrations, things like that,” he acknowledged. “Those sensory inputs help the human brain understand what’s going on in a car.” It’s for these reasons that Hyundai added things like a faux combustion soundtrack to the Ioniq 5 N, as well as an artificial transmission.

As for the nostalgia or more traditional performance cars? Johnson doesn’t understand it.

 Hyundai Boss Who Built Focus RS Says EVs Are More Fun Than Manual Gas Cars
Hyundai i20 N

“I’m a performance guy,” he said. “I did the first Mustang Shelby [the 1992 SVT Mustang]. I don’t understand the idea that performance cars are dying. If you want to go fast, there’s nothing better than an EV. I don’t understand the nostalgia.”

He even went so far as to say that most current performance cars are “a disappointment” compared to the Ioniq 5 N.

It’s easy to understand where Johnson is coming from. After all, software is allowing car manufacturers to add features that improve the driving experience, and this will be on full display with the new Hyundai Ioniq 6 N. But, if given the choice between driving an Ioniq 5 N or a six-speed Elantra N up a mountain road, we’d probably still opt for the Elantra.

 Hyundai Boss Who Built Focus RS Says EVs Are More Fun Than Manual Gas Cars

Mazda’s New Electric Sedan Costs Double In Europe Compared To China

  • Mazda 6e lands in Europe with two battery options and premium trim levels.
  • European prices for the 6e are over twice as high as China’s identical EZ-6 sedan.
  • 6e skips the range-extender variant available in China, focusing on full EV power.

Six months after making its first appearance in Europe, Mazda’s new 6e sedan has landed in local showrooms. Known for turning out some of the most stylish vehicles in the mainstream market, Mazda may have raised the bar again with this one. The 6e is arguably the brand’s most visually striking sedan yet, even if it isn’t entirely homegrown. Beneath the sheet metal, it shares its underpinnings with a Chinese-market vehicle.

Get Ready For A Price Shocker

We’ve previously taken a close look at the EZ-6, the Chinese counterpart to the 6e, highlighting its affordability in its home market. There, the fully electric version starts at 159,800 yuan and tops out at 181,800 yuan, which converts to roughly €20,700 to €23,600 or $22,500 to $25,500, depending on the trim level. That makes it a serious bargain compared to what European buyers are asked to pay.

Read: Mazda’s Sportier 6e Sedan Launches In China With A Price Tag That Feels Like A Typo

In Europe, the 6e is sold exclusively as a fully electric sedan, since the range-extender variant offered in China won’t be available here, at least for now. In Germany, pricing begins at €44,900 ($49,000) for the Takumi trim. Stepping up to the Takumi Plus adds features like a panoramic roof, wood interior accents, and partial Nappa leather upholstery, bringing the price to €46,900 ($51,200).

Even accounting for spec differences and local taxes, that’s well over double the starting price of the Chinese version – 2.17 times higher, to be exact. The stark contrast underlines just how aggressively priced the EZ-6 is in China, and how much more European buyers are expected to spend on what is essentially the same car.

For comparison, Tesla’s Model 3 ranges from €39,990 (around $43,600) for the RWD version to €49,990 ($54,500) for the Long Range AWD, and tops out at €58,490 ($63,800) for the Performance model in Germany. Meanwhile, BMW’s i4 eDrive40 Gran Coupe starts at €60,600 (approximately $66,100).

Electric Range and Powertrain Options

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Now reaching dealerships across the region, the Mazda 6e is available in two forms. The standard pure EV features a 68.8 kWh battery, offering a driving range of up to 279 miles (479 km). Power comes from a single rear-mounted electric motor delivering 255 hp (190 kW) and 236 lb-ft (320 Nm) of torque.

While its range won’t set any new benchmarks, it should be more than adequate for typical daily driving unless regular long-distance travel is involved. Those who do can opt for with an 80 kWh battery, which boosts range to 343 miles (552 km).

Typically, EVs with larger battery packs pair them with more powerful motors, but that’s not the case here. In fact, the Long Range model makes slightly less power, with a single rear motor producing 242 hp (180 kW) and the same 236 lb-ft (320 Nm) of torque. Both versions manage a 0–62 mph (0–100 km/h) time under eight seconds and reach a top speed of 109 mph (175 km/h).

To EV owners, of course, charging speed is of more importance than outright performance. The 68.8 kWh version supports peak DC charging speeds of 200 kW, meaning it can get from 10-80 percent in just 22 minutes. Curiously, the Long Range version charges considerably slower as it is capped at a 95 kW peak. That means a 10-80% charge will take roughly 45 minutes, or double the cheaper model.

It’s worth noting that Europe won’t be getting China’s range-extender EZ-6 variant, which features a 1.5-liter setup producing 215 hp (218 PS / 160 kW) to feed the battery.

A Clean and Comfortable Cabin

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Tech specs aside, it’s not just the exterior of the 6e that looks good; Mazda has also done a fine job with its interior. Yes, it will be a little too minimalist for some, but the steering wheel looks great, the floating center console has a premium aesthetic, and the infotainment screen is massive. There’s also a digital instrument cluster, a wireless smartphone charger, ambient lighting, and a mixture of leather and soft-touch Alcantara for the upholstery.

Now, many EVs currently on sale may offer more in certain areas than the 6e but, let’s face it, apart from logic, in many cases emotion plays a big role in choosing your next ride. If the Mazda’s sexy design can’t convince a sufficient number of buyers (who never leave the tarmac) to get it instead of an SUV, then that bodystyle may indeed be consigned to history books after all.

John Halas contributed to this story

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Sales Slip Shows Rivian Needs Affordable Models Now

  • The electric automaker delivered a total of 10,661 vehicles in the second quarter of the year.
  • Rivian expects to end 2025 having delivered between 40,000 and 46,000 vehicles.
  • Last quarter, the company received a $1 billion equity investment from the Volkswagen Group.

The Rivian R1S and R1T are both great EVs, but it appears the carmaker is starting to learn that there are only so many people willing to spend over $70,000 for one. Recently released sales data show that Rivian’s deliveries of new vehicles declined significantly in the second quarter of the year, and signal that the company needs the smaller R2 and R3 to enter production.

Rivian has stated that during the April-June period, it produced 5,979 vehicles at its plant in Normal, Illinois, and subsequently delivered 10,661 cars. This represents a 22.7 percent decline from the same quarter in 2024. The 5,979 EVs built by Rivian this quarter were also significantly less than the previous year’s 9,612.

Read: Rivian Recalls Thousands Of Cars For A BMW Feature No One Asked For

It must be noted, though, that the company itself cut down production as it prepared its factory to start building the 2026MY R1T and R1S.

Goodbye Tax Credits

Things could get harder for Rivian before they get better. The federal EV tax credit of $7,500 will officially end on September 30, effectively increasing pumping up prices for all eligible EVs by that amount. While Rivian’s had not been eligible for this credit, customers didn’t buy one outright but leased it could benefit from the full $7,500. With the new legislation going into effect, this credit loophole is being closed. In any case, the American EV maker expects to deliver between 40,000 and 46,000 vehicles by the end of 2025.

 Sales Slip Shows Rivian Needs Affordable Models Now

If there’s a small bit of good news for the brand it’s that on June 30 it received a $1 billion equity investment from the Volkswagen Group. That’s part of their $5.8 billion agreement to collaborate on a joint technology venture and to roll out Rivian systems across the VW range.

The company will hope to grow production and deliveries in 2026. The smaller R2 series is scheduled to hit the production line next year and promises to bring the company’s models within reach of many more shoppers.

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Chinese Automaker’s Mexico Factory Plans Derailed By US Politics

  • The Chinese automaker had been assessing three locations in Mexico for a new factory.
  • BYD initially paused its Mexican plans last year to see the outcome of the US election.
  • The company does have a presence in South America thanks to its new plant in Brazil.

Plans for global growth rarely follow a straight line, especially when politics and international trade come into play. For BYD, one of the world’s fastest-rising automakers, a much-anticipated expansion into Mexico has been put on hold.

The reason? A mix of shifting geopolitical winds and concerns over U.S. trade policy, particularly in light of Donald Trump’s return to the White House. Still, the company isn’t slowing down entirely, and has just opened its first factory outside of Asia, located in Brazil.

Read: Major Carmaker Sued Over One Toilet Per 31 Workers And Other Horrors

As we reported last year, had been scoping out three locations in Mexico for a new factory. However, it paused its search in September to wait to see the outcome of the 2024 US presidential election, likely anticipating that a victory for Trump would likely shake up the status quo of international trade. That’s exactly what the 45th and 47th President has done.

While recently speaking at the opening of BYD’s new factory in Brazil, executive vice president Stella La said the surging automaker is rethinking its strategy.

“Geopolitical issues have a big impact on the automotive industry,” she told Bloomberg. “Now everybody is rethinking their strategy in other countries. We want to wait for more clarity before making our decision.”

BYD’s efforts to establish a base in Mexico were hampered in March, even before President Trump announced sweeping tariffs. That month, China’s commerce ministry delayed approval of the Mexican factory due to concerns the carmaker’s technology could be accessed by the US.

From Pause in Mexico to Progress in Brazil

 Chinese Automaker’s Mexico Factory Plans Derailed By US Politics

Although Mexico is no longer in play for the moment, BYD is still moving forward in the region. The company’s new facility in Camaçari, Brazil , is now operational and has room to grow. It currently produces up to 150,000 vehicles a year, with plans to double that figure to 300,000 within two years.

However, the site has not been without controversy. Late last year, Brazilian authorities reported that some international workers at the plant had been living in conditions likened to modern-day slavery.

In response, Li emphasized the company’s commitment to reform. Going forward, she said, BYD will work more closely with local partners to uphold labor and human rights standards.

“We should slow down, step back from the focus on speed,” Li said. “It will take longer, but that’s OK.”

 Chinese Automaker’s Mexico Factory Plans Derailed By US Politics

Only A Handful Of China’s 129 EV Makers May Survive Brutal Market Meltdown

  • As of 2024, 129 NEV companies were still active in the Chinese automotive market.
  • Consulting firm AlixPartners expects only 15 EV brands to be financially viable by 2030.
  • Only BYD, Li Auto, and Seres Group are currently profitable in the Chinese EV space.

The electric vehicle boom in China has reshaped the global automotive landscape, but not every player in the field is built to last. While China’s automotive industry has grown into a formidable force, a new report suggests that only a fraction of the country’s EV brands may survive the coming years.

Read: China’s Auto Industry Is A One-Way Street As Exports Boom And Imports Collapse

With hundreds of startups already gone and consolidation gaining momentum, China’s EV market is headed for a major transformation.

Industry Faces Sharp Consolidation

In 2018, it was estimated that over 500 companies in China were developing and planning to build “new energy” vehicles. Many of these companies failed to get off the ground and quickly folded. As of 2024, it’s understood that there were 129 companies selling NEVs in China.

According to consulting firm AlixPartners, just 15 of these are expected to remain financially viable through 2030. While the consultancy firm didn’t name which companies it expects to thrive, these 15 brands could account for roughly 75 percent of China’s total EV and plug-in hybrid market. Some of them have already reached full-year profitability.

According to the head of AlixPartners’ automotive practice in Asia, Stephen Dyer, some local governments may support non-viable companies to protect jobs and economies. As such, consolidation may proceed more slowly across the industry in the coming five years.

Intense Competition and Rapid Innovation

 Only A Handful Of China’s 129 EV Makers May Survive Brutal Market Meltdown

“China is one of the most competitive new energy vehicle markets in the world,” Dyer said. “It is experiencing a fierce price war. Its rapid innovation speed is constantly being refreshed by new forces. Such an environment drives significant breakthroughs in technology and cost efficiency, but it also makes it difficult for many businesses to become sustainably profitable.”

As we reported in March, only three EV brands in China are believed to have achieved profitability. These are BYD, Li Auto, and the Seres Group, which includes the Seres, Aito, and Landian brands. Some other local companies are edging towards profitability, including Zeekr, Xpeng, and Leapmotor.

 Only A Handful Of China’s 129 EV Makers May Survive Brutal Market Meltdown
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