NIU, best known as a leader in the electric moped market, has expanded considerably over the last few years. In addition to offering a hot-selling new electric dirt bike and showing off concepts for electric ATVs, the company is now unveiling an electric microcar known as the NIUMM 500. Still in its prototype stage, the … Continue reading “NIU unveils new electric microcar with impressive $8,300 target price”
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Xiaomi SU7 (Source: Xiaomi) China’s Xiaomi has reported a 30.5% growth in third-quarter revenue for its EV business, with the company also bumping up its yearly delivery target for the SU7 series EVs to 130,000 units. Back in May, Xiaomi – the world’s third-largest smartphone maker – had said that it planned to build 100,000 … Continue reading “Xiaomi raises delivery target yet again for its new EV, as ‘demand surges’”
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The Xiaomi SU7 sedan / Source: Xiaomi Automobile / Wiebo The production momentum continues for Xiaomi Automobile, the new EV arm of Chinese smartphone manufacturer Xiaomi Inc. Today, the automaker shared it has completed a recently announced production ramp up of its flagship model and is on track to hit 100,000 builds this year… two … Continue reading “EV newcomer Xiaomi completes speedy ramp up and expects to hit 100k production target early”
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GM announced in 2022 it could build 1M EVs annually in 2025 It aimed to make 400,000 EVs over 2022 and 2023—later extended into 2024 Backpedaling on both targets, CEO Barra now says an undeveloped EV market is to blame General Motors CEO Mary Barra has walked back the automaker’s target of having production capacity … Continue reading “GM CEO backs away from 1M EV target, says market's "not developing"”