General Motors To Start Making Profit From Their Electric Vehicles

General Motors To Start Making Profit From Their Electric Vehicles

General Motors (GM) CEO Mary Barra confirmed in an interview with The New York Times that the company will start making a profit on its electric vehicles by the end of this year. Namely, Tesla is currently leading the electric vehicle market in the US, making a profit as early as 2021. Ford, otherwise the second-largest EV maker in the US, posted losses of more than $1 billion in the first two quarters of this year on its Model e line of EVs. Other manufacturers that exclusively deal with EVs,...
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Honda’s Electric Vehicle Plans Has Not Changed

Honda’s Electric Vehicle Plans Has Not Changed

A new platform for Acura’s next electric SUV and the entire 0 Series lineup means Honda has no plans to slow down any electrification plans. “A lot of people are talking about a slowdown in electric vehicle sales,” Honda Executive Vice President Shinji Aoyama told reporters during a roundtable in Monterey. “Our focus is clear based on our goal to achieve carbon neutrality by 2050. “We have not changed our belief that battery-powered EVs are the most efficient solution in the area of ...
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BMW Is Proposing That Electric Vehicles Should Have Their Own Freeway Lane

BMW Is Proposing That Electric Vehicles Should Have Their Own Freeway Lane

The head of production at Germany’s BMW wants e-cars to outperform their petrol rivals by giving electric vehicles their own freeway lane. Milan Nedeljkovic, head of BMW production, also suggests, in an article published Saturday in the Münchner Merkur newspaper, special access to city centres and free parking for e-vehicles to boost demand. “If electric cars constantly passed you in the crowd, many would certainly think about crossing,” said Nedeljkovic. He said that such preferential tr...
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Honda And Sony Set To Deliver First Electric Vehicle In 2026

Honda And Sony Set To Deliver First Electric Vehicle In 2026

Japanese giants Honda and Sony have revealed more details about their jointly developed electric vehicles. Honda will launch a new 0 Series lineup that will comprise seven new EV models by 2031. Meanwhile, Sony and Honda’s joint venture, Afeela, is gearing up to unveil its first EV, a sleek sedan, in 2026. The 0 Series and Afeela EVs will share the same underlying platform. Sharing platforms isn’t just about saving money; it’s about accelerating development. By pooling resources and exper...
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Kia’s Electric Vehicle Sales Soars As EV9 SUV Breaks Record

Kia’s Electric Vehicle Sales Soars As EV9 SUV Breaks Record

Kia’s electric vehicle sales soared to unprecedented heights in May, fueled by the successful launch of its groundbreaking three-row electric SUV, the EV9. This surge propelled the automaker to its second-best sales month ever in the US market, solidifying its position as a formidable player in the growing EV landscape. A significant contributor to this remarkable achievement was the EV9 itself, which sold an impressive 2,187 units in May, marking a substantial 39% increase compared to the pr...
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Kia’s Popular Electric Vehicle, The EV6 Gets A Mid-Cycle Refresh For 2025

Kia’s Popular Electric Vehicle, The EV6 Gets A Mid-Cycle Refresh For 2025

Kia’s popular electric vehicle, the EV6, is getting a mid-cycle refresh designed to keep it at the forefront of the rapidly evolving EV market. With a subtle facelift, updated interior technology, and a larger battery promising more range, Kia hopes to solidify the EV6’s position as one of the most popular EVs in its class. On the outside, the EV6’s futuristic design has been subtly enhanced with angular headlights that bring it closer to its larger sibling, the EV9. The GT-Line trim adds...
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Toyota Set To Invest Heavily On Electric Vehicles And Artificial Intelligence

Toyota Set To Invest Heavily On Electric Vehicles And Artificial Intelligence

Toyota, often considered a reluctant follower in the electric vehicle race, is making a dramatic U-turn with a hefty investment push into EV development and artificial intelligence. This is a significant shift in strategy for the Japanese giant, which has long advocated for hydrogen fuel cell technology to be the future of sustainable transportation. Spearheading this transformation is Toyota’s CEO, Koji Sato. Under his leadership, the company has recently seen record profits, and now Sato...
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Xiaomi SU7 Electric Vehicle Receives Over 100000 Orders

Xiaomi SU7 Electric Vehicle Receives Over 100000 Orders

Xiaomi boasts that it has received north of 100,000 registrations from eager buyers, with nonrefundable deposits placed for 40,000 of those. This kind of initial reception suggests an EV blockbuster brewing. Founder Lei Jun attended the first round of SU7 deliveries at the firm’s production plant in Beijing. Jun claimed that “the real transformation of smart cars has officially begun, and China will surely see the birth of a company as great as Tesla.” The SU7 arrives in three flavours: th...
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