Author: admin
BYD reported revenue of RMB 1,399.5 in the second quarter, the second highest on record after the fourth quarter of 2022. BYD (OTCMKTS: BYDDY) continued to see strong earnings gains in the second quarter. The Chinese new energy vehicle (NEV) giant saw revenue of RMB 139.95 ($19.2 billion) in the second quarter, the second-highest on record after the fourth quarter of last year, according to a financial report today. That’s up 67.06 percent year-on-year and 16.45 percent from the first quarter. The company’s net profit in the second quarter was 6.824 billion yuan ($936 million), up 144.85 percent year-on-year and…
Hyundai is recalling 2021-2023 Elantra Hybrid compact sedans for a software issue that could cause unintended acceleration. The recall population totals 37,997 vehicles, but just 1% are expected to have the fault, according to NHTSA recall documents. The affected cars were built between Dec. 15, 2020, and Jul. 29, 2023; a production change, implemented Aug. 10, 2023, included a fix for the issue. 2021 Hyundai Elantra Hybrid The issue in question is motor control unit software that may detect a “motor synchronization fault,” which triggers a “fail-safe” condition that causes the car to slowly accelerate after release of the brake…
The acquisition will expand BYD Electronic’s customer base and product boundaries and broaden its smartphone components business, BYD said. (Image credit: CnEVPost) BYD’s electronics unit has reached an agreement with US manufacturer Jabil Inc to buy its mobile electronics manufacturing business in China for 15.8 billion yuan ($2.2 billion), the Chinese new energy vehicle (NEV) giant said in a Hong Kong stock exchange announcement today. Singapore-based printed circuit board maker Jabil Circuit set up a unit earlier this month to absorb its product manufacturing operations in Chengdu and Wuxi, which will now be sold to BYD Electronic, according to the…
Qiyuan’s product matrix will include the A-series, Q-series, and E0-series, with four models to be released within this year, including the A05, A06, A07, and Q05. (Image credit: Changan) Chinese automotive giant Changan Automobile has launched its new electric vehicle (EV) brand Qiyuan and announced ambitious sales targets. Changan officially launched Qiyuan at a n event on August 27, hoping to create intelligent electric vehicles that can continue to evolve. Qiyuan’s logo blends “square” and “circle” from Eastern philosophy, and its design is based on 0 and 1, which means infinite possibilities, the company said. Qiyuan’s product matrix will include…
The driver of a white Tesla Model Y was involved in a police chase this last weekend in Orange County, California, that ended with at least two tires of his EV being shredded to pieces, wrecked rims, and a blow to his ego. As you can see in the video embedded above, which was streamed live on ABC7’s official YouTube channel, the pursuit happened after sunset on California State Route 91. According to the broadcast commenters, the driver allegedly failed to pull over after the Highway Patrol noticed a carpool lane violation, so they started following the white EV down…
The Nio phone will be officially launched in late September and will be a flagship Android-powered phone that is very recognizable from the back, according to local media. (Image credit: CnEVPost) Nio’s first phone model is finally not far away from its launch, with the device having previously completed the necessary regulatory processes in China. The Nio phone will be officially released in late September, and customers will be able to use a small portion of the Nio Credits they have for its purchase, a report from local media outlet Yiche said today. Nio Credits are a form of Nio’s…
A recent video at Out of Spec Reviews shows us something really cool Kyle found at Overland Expo Mountain West. Unlike many of the vehicles out there, it’s made to not burn a single drop of gasoline, despite being a fully functional RV! It’s the result of a partnership between GMC and EarthCruiser, a prominent builder of overlanding campers and RVs. Here’s the embedded video, but be sure to scroll down for a summary and some commentary: One of the things that makes this overlanding RV so unusual is that it was built by GMC and EarthCruiser, but it’s not…
BMW Group’s EV influence has been rapidly increasing in the past few years. With a $1.7 billion investment in its South Carolina manufacturing paired with the launch of a new lineup of electric options, BMW is on track to becoming a massive player in the EV industry. Now, the Bavarian automaker is expanding its electrification strategy further with a recent investment in its homeland. At BMW’s Leipzig manufacturing campus, the luxury automaker has recently broke ground on an upcoming battery logistics facility. This new battery facility will play an instrumental role in manufacturing the all-new Mini Countryman. “Leipzig continues to…
After a year of preparations, XPeng is ready to start deliveries of its vehicles in Europe. Initially, there was a careful start in Norway with the XPeng P7 sedan and the XPeng G9 SUV. Now, Denmark, Germany, the Netherlands, Belgium, and Luxembourg are next. The rest of Europe will follow, but in each country, a sales and service infrastructure must be organized. To prepare the launch, a number of journalists from these countries were invited to Amsterdam, the European centre of XPeng logistics, to get acquainted with the models for the European markets. XPeng is starting with its top models,…
Tesla users in Taiwan recently discovered a very interesting and unique item at some of the Supercharging stations. According to ddcar.com, at a few sites, Tesla installed a stand-alone display, which shows charging details. More specifically, they display the energy used for each individual stall. One might ask why Tesla would install such a thing if all the necessary info was always available in the car’s infotainment system and on the Tesla app. Well, according to the article, it might be related to the new requirements, introduced by the Bureau of Standards, Inspection and Quarantine of the Ministry of Economic…