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Xiaomi’s sales target for the SU7 Ultra in 2025 is 10,000 units. The SU7 Ultra is priced at about four times the starting price of the regular SU7 sedan. (Image credit: Xiaomi EV) Xiaomi (HKG: 1810, OTCMKTS: XIACY) SU7 Ultra, the ultra-performance variant of the company’s first electric vehicle (EV) model SU7, will be launched on February 27, local automotive media Yiche said in a report yesterday. Earlier yesterday, Xiaomi’s founder, chairman and CEO Lei Jun said that the Xiaomi SU7 Ultra would be officially launched at the end of February, earlier than the previously announced March, the report noted.…
After a successful electrification transition, BYD is looking to vehicle intelligence as a new catalyst to drive sales growth. BYD’s Shenzhen-traded shares jumped nearly 9 percent to a 3-month high in afternoon trading. (A BYD Seal on display at the June 2024 new energy vehicle show in Shanghai. Image credit: CnEVPost) BYD (HKG: 1211, OTCMKTS: BYDDY) will unveil its vehicle intelligence strategy next Monday, betting that smart driving capabilities could be one of the key selling points for its vehicles. The new energy vehicle (NEV) maker will hold a launch event for its vehicle intelligence strategy at 7:30 pm Beijing…
The 2025 Jeep Wagoneer S electric SUV makes the transition to regular production after a truncated first model year. Unveiled Thursday at the 2025 Chicago auto show, the 2025 Jeep Wagoneer S Limited grade joins the Launch Edition version that kicked off sales of Jeep’s first EV for North America late last year as a 2024 model. It’s priced at $66,995 (including a $1,795 destination charge)—$5,000 less than the Launch Edition that’s arrived for a brief 2024 model year. The Limited will get the Launch Edition’s 600 hp and 617 lb-ft of torque, but only through an extra-cost over-the-air (OTA)…
Extended-range electric vehicles (EREVs) are a step between hybrids and EVs, with internal combustion motors that act as generators on longer trips. The technology may help Ford get around an “unsolveable” economics problem with large EV trucks: Consumers won’t pay for the super-sized batteries they require. Ram, Scout and General Motors are also betting on EREVs. Extended-range electric vehicles will be essential to the American market, Ford CEO Jim Farley said on the company’s earnings call Wednesday. The reason is simple: “Americans love their big cars. They love their big trucks,” he said. An extended-range EV, or EREV, is a…
Ford on Thursday unveiled a prototype Mustang Mach-E electric SUV outfitted for NASCAR racing. The prototype, revealed at a preview event for the automaker’s 2025 motorsports activities, is a Mach-E in name only and doesn’t have much in common with the Mach-E road car. It combines Mach-E style bodywork with a carbon-fiber tub chassis and components from a current NASCAR Cup Series race car, including suspension, brakes, steering, and wheels, Ford said in a brief statement. Three motors provided an undisclosed amount of power for the Mach-E electric race car, with energy supplied by a 78-kwh battery pack. That’s in…
On today’s exciting episode of Quick Charge, we explore the Tesla Q4 earnings call’s high-level weirdness, including the impact Bitcoin had on the bottom line, what it means for stock prices, and whether or not you’ll die without Tesla’s solar roof. You’ll also hear Jo ask, “What even is a P/E Ratio, and why does it matter?” before asking if we’ll all be killed without a solar roof, and learning about what happens when our phones run out of power. All this and more – enjoy! Source Links Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple Podcasts, Spotify, TuneIn,…
Forget the EV tax credit. Rivian founder and CEO R.J. Scaringe is far more concerned about another threat from President Donald Trump: tariffs. “It has, in some ways, bigger implications, far bigger, than what happens with the IRA tax credits,” Scaringe told reporters last week, referring to the 2022 Inflation Reduction Act, which contains pro-EV policies that Trump has attacked time and time again. “There’s not a car company in the world that’s not thinking about moving supply chains around right now,” Scaringe said. Trump plans to slap 25% tariffs on imports from Mexico and Canada on February 1, in…
The auto business was the main reason for Tesla’s weaker-than-expected results, as incentives were more aggressive than expected. Gross margin in the fourth quarter was 16.3 percent, about half of what they were in the first quarter of 2022. Tesla (NASDAQ: TSLA) reported weaker-than-expected fourth-quarter earnings, with gross margins falling significantly, as promotional activity became more intense. The US electric vehicle (EV) maker reported record revenue of $25.7 billion in the fourth quarter of 2024, but missed the consensus estimate of $27.2 billion, according to its earnings report released overnight. This is up 2.15 percent year-on-year and up 2.08 percent…
The SU7 delivered more than 135,000 units in 2024, Xiaomi previously said. Xiaomi will begin deliveries of the SU7 with a special red exterior color in March. (A Xiaomi SU7 on display at a CATL showroom in Chengdu, Sichuan province in August 2024. Image credit: CnEVPost) Total deliveries of the Xiaomi SU7 electric sedan have exceeded 150,000 units, Lei Jun, founder, chairman and CEO of the smartphone maker, said today. Lei revealed the figure in a live video today showcasing the Xiaomi SU7’s ability to drive autonomously from one parking space to another. On December 31, Lei said in another…
On his first day in office on Monday, President Donald Trump declared war on the electric car. In an executive order, Trump signaled his intention to roll back the $7,500 subsidy for clean-car purchases, loosen tailpipe pollution regulations and, broadly speaking, take a hatchet to Biden-era policies that are helping to fuel the growth of EVs. Yet Rivian founder and CEO R.J. Scaringe isn’t too worked up about how the policy shift will impact his company. “We spend a lot of time talking about short-term financials, but we’re building a business for the next few decades,” he told InsideEVs on…