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World's Largest EV Battery Producer CATL Expects up to 50% Growth This Year as Demand Soars

World's Largest EV Battery Producer CATL Expects up to 50% Growth This Year as Demand Soars

As demand for lithium-ion electric vehicle batteries increases, Chinese battery maker Contemporary Amperex Technology Limited (CATL), the world's largest automotive battery producer, announced that it expects its net profit for the first three quarters of 2019 to reach between $328 to $500 million.

Eric Walz2019-10-18 11:00 PT

Auto Supplier Bosch to Manufacture Silicon Carbide Chips That Can Extend the Range of EVs

Auto Supplier Bosch to Manufacture Silicon Carbide Chips That Can Extend the Range of EVs

German automotive supplier Robert Bosch is launching production of silicon carbide (SiC) automotive chips, a move that can make electric vehicles more efficient, thereby increasing range. Silicon carbide has benefits over traditional silicon chips, including better conductivity and cooling performance in high temperature environments.

Eric Walz2019-10-07 14:00 PT

Bollinger Motors Reveals its B1 & B2 Fully-Electric Utilitarian Trucks

Bollinger Motors Reveals its B1 & B2 Fully-Electric Utilitarian Trucks

​Electric truckmaker Bollinger Motors revealed its B1 and B2 electric trucks on Thursday. The Detroit-based EV startup is taking on General Motors, Ford and FCA in the popular truck segment which is no easy task, especially since the company’s trucks are fully-electric.

FutureCar Staff 2019-09-27 11:00 PT

NIO Stock Falls to Record Lows as its EV Sales Slow in China, Cutting 1,000 Jobs

NIO Stock Falls to Record Lows as its EV Sales Slow in China, Cutting 1,000 Jobs

Electric vehicle startup NIO Inc is realizing just how hard breaking into the EV market can be. Once viewed as a serious rival to Tesla in China, NIO’s stock fell to record lows on Tuesday after the electric automaker reported a significant drop in vehicle sales in its home market.

Eric Walz2019-09-24 11:30 PT

Volkswagen ID.4 Might Be $24,000 Less Than the Tesla Model Y

Volkswagen ID.4 Might Be $24,000 Less Than the Tesla Model Y

VW says it will offer the ID.4 and other electric models at affordable prices compared to Tesla.

Manish Kharinta2019-09-23 09:00 PT

Toyota is Using Tesla-style Panasonic Batteries for its China Hybrid Models

Toyota is Using Tesla-style Panasonic Batteries for its China Hybrid Models

Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said.

FutureCar Staff 2019-09-13 18:30 PT

Volkswagen Unveils its ID.3, the Electric Car That Will Take On Tesla

Volkswagen Unveils its ID.3, the Electric Car That Will Take On Tesla

On the evening before the International Motor Show (IAA) in Frankfurt yesterday, guests got the first detailed look at the new electric ID.3 hatchback, which represents a new era for the VW brand. The ID 3 is the first of many electric models VW plans to introduce and represents the automaker’s multi-billion dollar push to electrify its lineup.

FutureCar Staff 2019-09-10 19:00 PT

Elon Musk Says He’s Bringing a Model S to Nurburgring to Challenge the Porsche Taycan's Record Time

Elon Musk Says He’s Bringing a Model S to Nurburgring to Challenge the Porsche Taycan's Record Time

To coincide with the Taycan debut, Porsche boasted that a prototype version of the electric Taycan “conquered” the legendary Nürburgring-Nordschleife racetrack in Germany with a record time of 7 minutes and 42 seconds. Now Elon Musk says he's bringing a Tesla Model S to the world famous track to challenge the Taycan's lap time.

Eric Walz2019-09-06 16:55 PT

Porsche Officially Debuts its Electric Taycan, its Competitor to the Tesla Model S

Porsche Officially Debuts its Electric Taycan, its Competitor to the Tesla Model S

German automaker Porsche officially unveiled its fully-electric Taycan sedan, a car expected to become a serious rival to the Tesla Model S for those with the money to spare. The Porsche Taycan’s world premiere took place simultaneously in North America, China and Europe, three of the most important sales markets for the new electric sports car.

Eric Walz2019-09-04 13:00 PT

China Will Exempt Tesla Vehicles From 10% Purchase Tax

China Will Exempt Tesla Vehicles From 10% Purchase Tax

In what could be a big boost for Tesla, China will exempt the automakers’ electric vehicles (EV) from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website.

FutureCar Staff 2019-08-30 06:30 PT

Singapore Claims Teslas Are ‘Lifestyle’ Cars, Not Environmentally Conscious EVs

Singapore Claims Teslas Are ‘Lifestyle’ Cars, Not Environmentally Conscious EVs

Singapore, one of the few locations in the world that believes climate change is just as important as military defense, would rather see people in the city-state use mass transit than purchase a Tesla.

Vineeth Joel Patel2019-08-25 06:00 PT

China’s Tesla Rival NIO to Lay Off 1,200 Workers After Co-Founder Announces His Retirement

China’s Tesla Rival NIO to Lay Off 1,200 Workers After Co-Founder Announces His Retirement

Chinese electric automaker NIO plans to reduce its workforce by at least 1,200 by the end of September, William Li, founder, chairman and CEO of the high-profile EV startup revealed yesterday in an internal email to employees.

FutureCar Staff 2019-08-23 16:30 PT

China’s Tesla Rival NIO to Lay Off 1,200 Workers After Co-Founder Announces His Retirement

China’s Tesla Rival NIO to Lay Off 1,200 Workers After Co-Founder Announces His Retirement

Chinese electric automaker NIO plans to reduce its workforce by at least 1,200 by the end of September, William Li, founder, chairman and CEO of the high-profile EV startup revealed yesterday in an internal email to employees.

FutureCar Staff 2019-08-23 16:30 PT

Volkswagen Says its Not Interested in Buying Tesla Stake

Volkswagen Says its Not Interested in Buying Tesla Stake

Volkswagen said on Thursday it was not interested in taking a stake in Tesla, denying a media report that CEO Herbert Diess wanted to buy shares in the U.S. company to access its software and battery technology.

FutureCar Staff 2019-08-22 12:17 PT

German Car Rental Company Nextmove Cancels its $5M Tesla Order Over Quality Issues

German Car Rental Company Nextmove Cancels its $5M Tesla Order Over Quality Issues

Germany’s leading car rental company Nextmove cancelled its order for 100 Tesla Model 3's over quality issues.

FutureCar Staff 2019-08-16 09:45 PT

NIO Reports Fewer Deliveries in July After its Flagship ES8 SUV was Recalled for Battery Issues

NIO Reports Fewer Deliveries in July After its Flagship ES8 SUV was Recalled for Battery Issues

Chinese electric automaker NIO Inc's stock fell nearly 4 percent on Monday, to $3.02 per share, after the company announced July deliveries and battery recalls on nearly 5,000 of the automaker's ES8 SUVs.

Eric Walz2019-08-13 13:45 PT

Quick Comparison: Long Range Tesla Model X vs. the BMW X5 50i

Quick Comparison: Long Range Tesla Model X vs. the BMW X5 50i

A quick comparison of the long-range version of Tesla Model X SUV and the BMW X5 50i.

Manish Kharinta2019-08-11 11:18 PT

Tesla Rival Xpeng Motors Launches a More Advanced Version of its G3 Electric SUV

Tesla Rival Xpeng Motors Launches a More Advanced Version of its G3 Electric SUV

Chinese electric vehicle startup Xpeng Motors unveiled its new G3 sport utility vehicle today, which offers a longer range and other technology improvements from the previous model. Xpeng is aiming to compete with Tesla and other domestic automakers in China with its more affordable lineup of advanced electric vehicles.

Eric Walz2019-07-10 14:44 PT

Former Tesla VP of Production Joins Rival Electric Automaker Lucid Motors

Former Tesla VP of Production Joins Rival Electric Automaker Lucid Motors

On Monday, Tesla rival Lucid Motors announced today that it hired Peter Hochholdinger to serve as vice president of vehicle manufacturing. Hochholdinger worked at Tesla for the past three years overseeing the production of the Model 3.

Eric Walz2019-07-02 06:00 PT

EV Startup NIO Begins Deliveries of its ES6 Crossover

EV Startup NIO Begins Deliveries of its ES6 Crossover

Chinese electric vehicle startup NIO has started deliveries of its second mass-market electric crossover to customers in China. The ES6 is a smaller version of the automaker’s ES8 full-size electric SUV.

FutureCar Staff 2019-06-18 16:59 PT

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