EV Update Media – Electric Vehicles and Battery Industry News & Updates

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China

NIO Power Swap Station 4.0 Now Operational

The first batch of NIO Power Swap Station 4.0 went live. The fourth generation supports automated battery swap for multiple brands and different vehicle models. NIO, ONVO and all battery swap strategic partners can access the new stations for a…

China’s Evergrande EV Ordered to Repay $262mn Subsidies, Faces Asset Seizure

China has ordered the deeply indebted Evergrande conglomerate’s electric car subsidiary to repay $262 million in subsidies for failing to meet its contractual obligations or risk having its assets seized, the company announced on Tuesday. Evergrande, once China’s leading property…

Kandi Debuts Enhanced 10K High-Clearance Electric UTV

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading distributor of all-electric personal transportation and utility vehicles, today announced the launch of its newly developed 10K high-clearance, fully electric UTV, a sophisticated upgrade designed to elevate…

U Power Limited Announces Follow-on Purchase Order of Battery Swapping Station by Major Taxi Operator in Jilin, China

U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced a follow-on purchase order from a major taxi…

Canada Mulls Chinese EV Tariff Following U.S. Move but is Not Committing to it

Canada is looking at the massive new U.S. import tariffs on Chinese-made electric vehicles imposed by President Joe Biden earlier this month, but is not making any commitment to following suit north of the border. Chinese brands are not a…

Toyota to Launch a Prius-like bZ3C Electric Crossover, But You can’t Have it

Toyoo keep up with surging BYD, Tesla, and other EV makers, Toyota is launching a new all-electric crossover. The Toyota bZ3C looks like the new Prius, but the electric SUV crossover won’t be available in the US. “What kind of…

Electric 3-wheeler Market worth $1.5 billion by 2030 Globally, at a CAGR of 2.2%

The electric 3 wheeler market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, at a CAGR of 2.2%. With the increasing stringency of government mandates, 3 wheeler manufacturers’ focus has shifted to…

Over 4 Million Plugin Vehicles Sold Globally in 2024

Global EV sales reached 1.1 million units in April 2024, according to EV research-house, Rho Motion, bringing year-to-date (YTD) sales to 4.3 million, 22% greater than the same period in 2023. Battery Electric Vehicles (BEVs) represent 64% of units sold…

Few Chinese Electric Cars are Sold in U.S., But Industry Fears a Flood

The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in the United States. But the decision reflects deep concern within…

Arafat Rancon Rolls Out Six Models of Mercedes Benz EVs

Rancon Motors, the sole distributor of Mercedes Benz automobiles in Bangladesh, yesterday launched six models of electric vehicles (EVs) to grab the country’s EV segment. The models are the Mercedes-Benz EQS 450 4matic SUV, EQS 450+ Sedan, EQE 350+ SUV,…