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According to Bloomberg, Chinese electric vehicle manufacturer BYD has announced that the start date of its lithium mining project in Chile remains uncertain due to ongoing negotiations with Chilean authorities. The project’s launch may face delays, with the final decision ultimately dependent on government approval.
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Li Auto recently released its financial report for the second quarter of 2024, revealing a strong performance. The company delivered 108,581 new vehicles during the quarter, marking a 25.5% year-on-year increase. Revenue reached RMB 31.7 billion, setting a new record for the period and reflecting a 10.6% year-on-year growth. Li Auto also reported improved operational efficiency, with an adjusted net profit of RMB 1.5 billion and a gross margin of 19.5% for the quarter.
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Today, the smart #1 and smart #3 made their official debut in Australia, offering a total of six models. The smart #1 is available in three variants, priced between AUD 54,900 and AUD 67,900, while the smart #3 also offers three variants, with prices ranging from AUD 57,900 to AUD 70,900. These vehicles are designed to deliver a distinctive new-premium, intelligent, all-electric mobility experience to Australian consumers.
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XPeng Motors recently announced the latest order data for the XPeng MONA M03. According to the company, over 10,000 units were ordered within 52 minutes of the launch. The new car, which was officially launched on August 27, offers three models with prices ranging from $ 17,000 to $ 22,000 approx
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According torment reports, the Biden administration announced plans to allocate USD 521 million for the construction of electric vehicle charging facilities across the United States, deploying over 9,200 EV charging ports. The U.S. government will provide USD 321 million for 41 community projects aimed at expanding EV charging infrastructure and USD 200 million for 10 fast-charging corridor projects, under plans by the Department of Energy and the Federal Highway Administration.
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Recently, spy photos of the first model under NIO's third brand, codenamed "Firefly," were leaked during road testing. This model is expected to be part of the NIO-FY small car project and will be manufactured at the Chuzhou factory in Anhui. Aiming at the premium small car market, the Firefly will continue to utilize the battery swapping model, with a projected price under $ 28,000. The car is anticipated to launch in 2025.
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According to global media reports, the Volkswagen Group is scaling back its battery factory plans in Europe and North America due to the recent downturn in the electric vehicle market. Volkswagen Group Chief Technology Officer Thomas Schmall stated that the expansion of the group’s battery factories in these regions will be contingent on the development of the electric vehicle market. He also mentioned that the Volkswagen Group plans to begin producing solid-state batteries by 2030.
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According recent reports, Malaysia's Minister of Investment, Trade, and Industry, Tengku Datuk Seri Zafrul Aziz, announced that as of July this year, Tesla had invested $13.5 million in charging infrastructure across Malaysia. This investment has led to the construction of 52 supercharging stations, 54 wall chargers, and over 4,500 home charging stations throughout the Malaysian peninsula.
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Canada will impose new tariffs on electric vehicles, aluminum, and steel produced in China, following the example of Western allies and implementing measures to protect domestic manufacturers. Canadian Prime Minister Justin Trudeau announced the policy details in Halifax, which include a 100% tariff on electric vehicles. This new tariff will take effect on October 1 and will also apply to certain hybrid passenger vehicles, trucks, buses, and vans. Currently, the tariff rate on Chinese electric vehicles is 6.1%, and the new tariff will be added on top of this existing rate.
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Recently, BYD's hybrid model, the Song PRO DM-i, was officially launched in Mexico. This marks another significant hybrid vehicle debut following the global premiere of the BYD SHARK pickup in Mexico in May, further enhancing BYD's lineup of new energy vehicles in the local market.
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Recent reports indicate that the Deepal S07 has garnered 14,231 orders within just one month of its launch. Positioned as a mid-size SUV, the Deepal S07 serves as an updated version of the Deepal S7, available in both pure electric and extended-range powertrain options. Additionally, some models of the Deepal S07 have seen official price reductions of up to $1,127.
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