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Electric Vehicles News
Insideevs
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Image Credit: Insideevs
Nissan's Hard Times Ain't Over Yet
- Nissan is set to cut another 10,000 jobs, bringing the total job cuts to nearly 20,000, around 15% of the company's workforce.
- The company has been facing financial struggles, with lost revenue and challenges in the electric vehicle and software markets.
- Nissan is exploring partnerships to navigate through tough times, with discussions ongoing with companies like Honda and Foxconn for potential collaborations.
- Executives acknowledge the tough road ahead to drive up sales and profits while controlling costs and planning for an uncertain future.
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Electrek
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Image Credit: Electrek
Greenworks 80V Venture all-terrain e-bike at new $1,425 low, EGO dual-port mower bundle $550 low, Hiboy, EcoFlow flash sale, more
- Greenworks 80V Venture 20-inch All-Terrain Utility e-bike drops to a new $1,425 low, available for $1,650 with battery and charger bundle option.
- EGO's 56V 21-inch Cordless Electric Dual-Port Self-Propelled Lawn Mower with two 5.0Ah batteries sees a new $550 low.
- Hiboy offers discounted e-bikes, including the EX6 Step-Thru Fat Tire e-bike for $900.
- EcoFlow's 24-hour flash sale includes the DELTA Pro Power Station bundle for $1,999 and the Smart Home Panel 2 for $1,399.
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Insideevs
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BYD Enters Romania, Expanding Its European Ambitions
- BYD is expanding its presence in Europe by entering the Romanian market, as part of its plan to enter 12 new European markets this year.
- By the end of 2025, BYD aims to establish itself in 29 European countries with over 1,000 stores and become a market leader in the next five years.
- The launch event in Romania was a major affair, with over 400 attendees, showcasing BYD's commitment to the market and its ambitious expansion plans.
- In Romania, BYD is introducing three crossovers and one sedan, offering a range of electric and plug-in hybrid models at competitive prices.
- The BYD Seal U, a plug-in hybrid crossover, promises over 620 miles of combined range and starts at a price of €34,890.
- BYD aims to position itself as a key player in the Romanian market, with plans to introduce more models in the future and emphasize competitiveness.
- The company plans to add the Seagull to its lineup, a competitive electric subcompact aimed at challenging other popular models in the market.
- With aims to have over 1,000 stores across Europe by the end of the year, BYD is strategically expanding its offerings in various European markets.
- Despite not yet introducing its most advanced EV models in Europe, BYD's presence and plans in the region demonstrate its intentions to compete in the market.
- BYD's entry into Romania signifies a significant step in its broader European expansion strategy and marks its commitment to sustainable mobility solutions.
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TechDigest
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Image Credit: TechDigest
Nissan set to cut nearly 20,000 jobs globally
- Nissan is planning to cut nearly 20,000 jobs globally as part of its efforts to regain financial stability.
- The job cuts will affect around 15% of Nissan's total workforce and come after substantial losses and intense competition in markets like China.
- The company's struggles have been exacerbated by its decline in market share in China and its slow development of electric models compared to Chinese manufacturers.
- Nissan is expected to report significant losses for the 2024-25 financial year, with projections reaching between ¥700bn and ¥750bn.
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Chargedevs
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Financing EV fleets: a look inside International’s electrification tools
- International Financial supports commercial fleets in integrating electric vehicles by offering comprehensive consulting services for planning, financing, and infrastructure.
- The consulting approach includes evaluating total cost of ownership, selecting charging infrastructure, and coordinating with utilities to ensure sufficient power supply.
- International provides financing options similar to traditional vehicle purchases but offers bundled services like charger hardware, maintenance contracts, and connectivity for cost management.
- One unique feature is International's flexible payment program for maintenance contracts, allowing customers to spread costs over the vehicle's lifetime for better long-term cost control.
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Chargedevs
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Breathe raises $21 million, launches new battery software toolchain products
- UK battery software developer Breathe Battery Technologies raises $21 million in Series B funding.
- The company expands its product portfolio to include battery simulation software, embedded software, and battery services to support the full battery development process.
- New funding allows Breathe to enhance its physics-based battery software capabilities and expand its London battery testing facility.
- Breathe launches three new products: Breathe Model, Breathe Map, and Breathe Design, to improve EV charging for end-users and accelerate battery system development.
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Chargedevs
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i-charging’s new e-flow: a local controller that manages and optimizes fleet EV charging installations
- i-charging has introduced e-flow, a local controller to manage and optimize fleet EV charging installations.
- This new local controller is designed to handle charging installations, especially those using satellite units or overhead structures.
- e-flow serves as the central unit of the charging system, integrating various features like dynamic power allocation and user authentication.
- Each e-flow unit can support up to four charging plugs, and will be available in the second half of this year.
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Teslarati
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Image Credit: Teslarati
Potential affordable Tesla “Model 2/Model Q” test car spotted anew in Giga Texas
- Tesla has been testing a potential affordable model, rumored to be the 'Model 2/Model Q,' at the Giga Texas complex.
- Recent aerial footage showed a unique test car resembling a compact Model Y, missing body panels and roof, sparking speculation.
- Similar test car was spotted at the Fremont Factory in California last month, indicating ongoing testing of new affordable models by Tesla.
- Tesla's Q1 2025 Update Letter confirmed plans for new more affordable vehicles, expected to start production in the first half of 2025, resembling existing models like the Model 3 and Model Y.
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Chargedevs
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VEV teams up with Maritime Transport to deploy electric truck charging
- VEV partners with UK-based Maritime Transport to install high-powered electric truck chargers at three sites in the UK.
- The 17 chargers are expected to be operational by the end of May and will support the introduction of electric HGVs into Maritime's fleet this summer.
- Maritime Transport plans to expand charging infrastructure to nine more depots this year, with a total installed power of 16.5 MW to enable simultaneous charging for up to 98 electric trucks.
- VEV is responsible for site design, infrastructure development, maintenance, and fleet analysis for the initial phase of the rollout, aiming towards widescale deployment of battery-electric vehicles.
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Insideevs
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Image Credit: Insideevs
Toyota May Be Losing $1 Million An Hour Due To Trump’s Tariffs
- Toyota, Ford, and General Motors are facing significant financial losses due to tariffs, with Toyota potentially losing $1 million per hour.
- The U.S.-Japan trade negotiations are impacting Toyota's profitability, with the company projected to face a $1.2 billion profit drop in two months.
- Toyota has decided against immediate price hikes on U.S. models but is still likely absorbing losses from tariffs.
- Toyota's reliance on Japanese parts and imports is affecting its financial stability amidst the trade tensions.
- LG Energy Solution completed the acquisition of General Motors' Ultium Cells plant in Michigan for $2 billion, aiming to strengthen its position in EV battery production.
- Polestar, a Swedish automaker, has shown signs of recovery, doubling revenue, reducing net losses, and improving gross margins.
- Polestar's global deliveries surged by 76% in the first quarter, driven by strong sales of its electric crossover and SUV models.
- The recent U.S.-China trade deal reducing tariffs may benefit companies like Polestar by easing the tariff pressures.
- With potential price increases on Toyota models in the U.S. due to tariffs, consumers may face decisions on whether to buy these vehicles despite higher costs.
- The impact of tariffs on automakers like Toyota highlights the ongoing challenges posed by trade negotiations and the need for strategies to mitigate financial losses.
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Insider
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Image Credit: Insider
Tech stocks are back in a bull market as Nvidia and Tesla soar
- The Nasdaq 100 entered a bull market on Monday as stocks rallied on US-China trade progress.
- Tesla rose 8% and Nvidia jumped 5%, with all other Magnificent Seven names also gaining.
- Tech stocks, including Amazon, Apple, and Microsoft, surged on the back of tariff relief following US-China negotiations.
- Nvidia, a key semiconductor stock, saw a rise last week due to the lifting of chip export restrictions by the Trump administration.
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Teslarati
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Image Credit: Teslarati
Elon Musk invited to attend investment summit in Saudi Arabia: report
- Tesla CEO Elon Musk has been invited to a Saudi-U.S. investment forum in Riyadh, Saudi Arabia.
- The event is expected to be attended by prominent CEOs from companies like Blackrock, Citigroup, IBM, Boeing, Delta Airlines, American Airlines, and United Airlines.
- Elon Musk's relationship with Riyadh has improved, as seen from Tesla's launch in Saudi Arabia and his reported invitation to the investment forum.
- This suggests the end of Musk's feud with Yasir Al Rumayyan from the $925 billion Public Investment Fund related to Musk's controversial tweet in 2018.
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Chargedevs
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Indium Corporation and Rio Tinto extract gallium for EVs at Canada refinery
- Indium Corporation and Rio Tinto have successfully extracted gallium from feed sourced at Rio Tinto’s Vaudreuil alumina refinery in Saguenay, Quebec, Canada.
- The companies aim to provide a strategic North American supply of gallium, crucial for EVs, semiconductors, smartphones, and other high-tech applications.
- Indium developed the gallium extraction process in the US and plans to scale up production with a 3.5-ton demonstration plant in Saguenay, Quebec, eventually reaching a commercial-scale capacity of 40 tons annually.
- According to Ross Berntson, President and CEO of Indium, this collaboration marks a significant progress in creating a new supply of gallium to benefit global industries.
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TechDigest
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Image Credit: TechDigest
London EV Show returns to ExCeL for 2025
- The London EV Show will be held for the fifth time on November 12-13, 2025, at ExCeL London, aiming to showcase electric vehicle innovation and sustainable transport solutions.
- The event is expected to be the largest so far with over 200 exhibitors, 10,000 attendees, and 120 industry-leading speakers focusing on showcasing next-generation electric vehicles, charging infrastructure, and more.
- The conference program will cover various topics like government policy, cybersecurity in EVs, consumer trends, and commercial fleet electrification with highlights including a Buyer Programme and the London EV Show Awards.
- Organizers are offering a Super Early Bird Discount for the event, aiming to drive the UK's transition to zero-emission transport and promote industry collaboration and sustainable innovation.
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Teslarati
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Image Credit: Teslarati
Tesla (TSLA) poised to hit $1 trillion valuation again amid reports of Trump China deal
- Tesla shares are surging in premarket trading following reports of US and China agreeing to roll back tariffs on each other's goods for 90 days.
- Premarket prices indicate that Tesla (TSLA) may reach a $1 trillion valuation again, a level not seen since late February.
- Both the S&P 500 and Dow Jones Industrial Average were also up in premarket trading, with Tesla stock up about 8.2%.
- The US and China have agreed to lower reciprocal tariffs on each other by 115% for 90 days, with both sides aiming for more balanced trade.
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