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The combined investment in the two battery plants is 2.514 billion euros ($2.6 billion), both with an annual capacity of 20 GWh. (Image credit: Gotion) Gotion High-tech (SHE: 002074) has unveiled plans to build battery factories in Slovakia and Morocco as it looks to expand its international presence. The Volkswagen-backed Chinese battery giant announced yesterday that it plans to build a battery production site in Slovakia and one in Morocco for a total of around 2.514 billion euros ($2.6 billion). The total investment in the Slovakian project is not to exceed 1.234 billion euros, with an annual capacity of 20…

Xiaomi EV is assembling a team for selling cars overseas and will sell small batches of cars in several regions in recent years to test market response, according to local media. (A Xiaomi SU7 on display at a CATL showroom in Chengdu, Sichuan province in August 2024. Image credit: CnEVPost) Xiaomi EV, the car-making unit of Xiaomi (HKG: 1810, OTCMKTS: XIACY), has reportedly put selling cars overseas on its agenda, as competition at home gets fiercer. Xiaomi EV is making preparations to launch businesses in overseas markets, and it will start car sales operations in several regions, local media outlet…

DartSolar wants to sell you an expandable solar array for your EV. The Los Angeles-based startup claims the six-panel setup can add up to 20 miles of range per day. That’s just from sitting outside in the sun. The name “Aptera” might ring a bell if you’ve been following the electric vehicle space for the past couple of years. The California-based startup has been working on a commercial solar EV or SEV for some time now. Its three-wheeled car is covered with solar panels that could, in theory, replenish the battery to offer up to 30 miles of driving range…

 BMW M on Wednesday released images of a prototype of what is probably its upcoming electric M3 sports sedan. Posted to the performance division’s official Instagram page, the photos show a camouflaged sedan with the same exaggerated wheel arches as the prototype BMW M has been using to test a four-motor layout for future performance EVs. It would make sense for a quad-motor powertrain to debut in a car wearing the M3 badge, one of the most hallowed in BMW lore. Prototype for electric BMW M3 based on Neue Klasse platform The electric BMW M3 was confirmed by M division…

Photo: City of San Antonio San Antonio’s grid is about to get substantial backup with a 120-megawatt (MW), 480-megawatt-hour (MWh) battery storage project. CPS Energy, the US’s largest municipally owned electric and natural gas utility, and San Antonio-based solar and battery storage developer OCI Energy are bringing the big battery storage system to southeastern Bexar County, Texas. OCI Energy will develop, finance, construct, own, and operate the project, named Alamo City ESS LLC, and CPS Energy will have operational control of the project to serve electrical demand in the San Antonio region.The battery is designed to provide power at full…

EVs’ share of the U.S. light-duty vehicle market dropped from 7.4% in Q2 to 7% in Q3. Combined sales of electrified vehicles increased, thanks to strong sales of non-plug-in hybrids. EV sales year over year are still up compared to 2023. Although Americans bought more new electric vehicles in the third quarter of 2024 than in the previous quarter, EVs had a lower share of the light-duty vehicle (LDV) market in Q3. Their share dropped from 7.4% in Q2 to 7% in Q3. Still, sales and market share are both up over Q3 2023. The overall share of electrified vehicles…

Tariffs on imports from Canada and Mexico could add $2,100 for U.S.-assembled vehicles Mexico-made pickup trucks might cost $8,000-$10,000 more Proposed tariffs could also drive up the cost for EVs like $35k Chevy Equinox EV The incoming Trump administration’s proposed 25% tariffs on all imports from Canada and Mexico could hit the Detroit Three automakers hard, raising the prices of not only EVs but also the gasoline pickup trucks that are those automakers’ lifelines, according to recent reporting from Reuters. GM would likely see the biggest impact from these policies, which are steeped in the anti-immigration rhetoric that was a major…

WeRide’s robotaxis begin to be available on Uber’s platform in Abu Dhabi, marking the first time Uber has launched autonomous vehicles outside the US. (Image credit: WeRide) Chinese autonomous driving tech company WeRide (NASDAQ: WRD) has begun offering robotaxi services on Uber Technologies’ (NYSE: UBER) platform in the United Arab Emirates, following a partnership between the two in late September. WeRide’s robotaxis began being available on Uber’s ride-hailing software in the UAE capital of Abu Dhabi, marking the first time Uber has launched autonomous vehicles outside the US and the largest commercially operated robotaxi fleet outside the US and China,…

CDG plans to invest 300 million euros ($280 million) in the first phase of Gotion’s Moroccan project and support its operations. (Image credit: Gotion) Volkswagen-backed Chinese battery giant Gotion High-tech (SHE: 002074) has secured funding for its battery project in Morocco from a financial institution in the North African country. On November 13, Gotion signed a memorandum of understanding with Moroccan investment agency CDG Group, which plans to invest 300 million euros ($280 million) in the first phase of Gotion’s Moroccan project, according to an announcement today. CDG, Morocco’s largest public financial investment institution, will support Gotion’s operations of the…

Zeekr saw its net loss decrease by 37.0 percent in the third quarter, while lower battery pack sales dragged down revenue. Zeekr (NYSE: ZK) saw its net loss narrow significantly in the third quarter, despite a slight decline in revenue, as vehicle deliveries were essentially flat from the previous quarter. The Chinese electric vehicle (EV) maker reported revenue of RMB 18.36 billion ($2.62 billion) in the third quarter, missing analysts’ estimates of RMB 19.71 billion in a Bloomberg survey, according to its unaudited results announced today. That’s up 30.71 percent from the third quarter of 2023 but down 8.39 percent…