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Volvo Cars reported a 12% decline in global sales for June 2025, totaling 62,858 vehicles, marking the fourth consecutive month of falling volumes due to trade tariffs and weaker electric vehicle (EV) demand, according to Reuters. This downturn highlights challenges for the Swedish automaker, majority-owned by China’s Geely, as it navigates a shifting EV landscape.…
In a notable shift, Tesla’s China-made electric vehicle (EV) sales climbed 0.8% year-over-year in June 2025, reaching 71,599 units and halting an eight-month downward trend, according to Reuters. Despite this uptick, fierce competition from Chinese rivals like BYD, whose global sales soared 11% to 377,628 vehicles last month, continues to challenge Tesla’s foothold in the…
In June 2025, Tesla’s revamped Model Y sparked a significant sales boost in Norway and Spain, signaling strong demand for the updated electric SUV despite broader market struggles. According to Reuters, Tesla’s registrations in these countries surged, driven by the Model Y’s appeal, even as the company faces competition and backlash over CEO Elon Musk’s…
In June 2025, BYD Co., China’s leading electric vehicle (EV) manufacturer, achieved its strongest sales month of the year, delivering 377,628 vehicles, including 206,884 battery electric passenger cars, a 10% increase from June 2024, according to a company statement, reports Bloomberg. Despite heavy price reductions, the growth fell short of expectations, while rival Geely Automobile…
China’s electric vehicle (EV) market is electrified by Xiaomi’s YU7 SUV, but delivery waits of up to 60 weeks have sparked backlash among eager buyers. The smartphone-turned-EV maker secured 240,000 orders within 18 hours of the YU7’s launch on June 26, 2025, overwhelming its production capacity, with only a few vehicles ready for immediate delivery,…
The U.S. Senate’s decision to eliminate a $7,500 tax credit for new electric vehicle (EV) purchases and leases, along with a $4,000 credit for used EVs, effective September 30, 2025, has sparked urgent calls from advocacy groups for the House to intervene, reports Reuters. The Electrification Coalition warns that ending these incentives could jeopardize American…
General Motors has unveiled a game-changing lithium manganese-rich (LMR) battery that promises to make electric vehicles (EVs) more affordable without compromising range, potentially shifting the competitive landscape away from China’s lithium iron phosphate (LFP) dominance. According to IEEE Spectrum, GM’s LMR cells offer 33% higher energy density than China’s top LFP batteries at similar product
Stellantis, the Franco-Italian automaker, may shutter factories to avoid crippling European Union fines for failing to meet stringent CO2 emission targets, according to its Europe chief. This development, reported by Reuters, signals a pivotal moment for electric vehicle (EV) adoption as regulatory pressures reshape the automotive industry. EU’s Push for Cleaner Vehicles The EU mandates…
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