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Ferrari stock drops 7% after Luce EV reveal as investors question design and strategy

Ferrari shares fell as much as 7 per cent in Milan trading on Monday, dropping to €290.55 and wiping roughly £3 billion from the company’s market cap. The sell-off came one day after the Italian carmaker unveiled the Luce, its first fully electric vehicle, at the Città dello Sport in Rome. The Luce is a four-door, […]

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Ferrari unveils the Luce, a five-seat electric car co-designed with Jony Ive

The Maranello firm’s first all-electric model starts at €550,000, runs to more than 1,000 horsepower and arrives with deliveries in the fourth quarter. Ferrari pulled the covers off its first all-electric road car on Monday: the Luce, a four-door, five-seat liftback developed in collaboration with Jony Ive’s LoveFrom collective, priced from €550,000 in Italy and […]

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Stellantis wants to build Chinese EVs in Canada and Mexico. Just not in the US.

Stellantis CEO Antonio Filosa said on Thursday that the company sees opportunity to produce and sell Chinese-branded vehicles in Mexico and potentially Canada. In the United States, the answer is different. “Now there is no space in the United States. We don’t see that,” Filosa said at a news conference following the company’s investor day […]

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Stellantis wants to build Chinese EVs in Canada and Mexico. Just not in the US. Read More »

Tesla finally launched FSD in China. Its rivals have been selling self-driving cars there for years.

Tesla announced on Thursday that its Full Self-Driving (Supervised) system is now available in China, listing the country among 10 markets where the technology can be accessed. The announcement on X was short on details and marks the first time Tesla has confirmed FSD availability in the world’s largest EV market. It comes a week […]

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Tesla finally launched FSD in China. Its rivals have been selling self-driving cars there for years. Read More »

Xiaomi’s CEO admitted his SUV wasn’t cheap enough to beat Tesla. Then he launched one that is.

Most CEOs would not go on stage and admit their product was not competitively priced against a rival. Lei Jun did exactly that on Wednesday evening, and then launched a model that fixes it. At Xiaomi’s “Human x Car x Home” launch event on 21 May, the founder and CEO unveiled the YU7 True Standard […]

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Xiaomi’s CEO admitted his SUV wasn’t cheap enough to beat Tesla. Then he launched one that is. Read More »

China’s EV brands cross 15% in Europe, with Britain leading the charge

BYD and Chery led a doubling of Chinese EV deliveries in April, even as Brussels keeps its tariff wall up and Stellantis quietly hands the keys to underused European plants. Chinese brands accounted for more than 15 per cent of Europe’s electric-vehicle sales in April, the first time the threshold has been crossed in a […]

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Tesla’s Full Self-Driving software just landed in its second European country, with more in the queue

Tesla’s Full Self-Driving software is no longer a single-country experiment in Europe. Lithuania became the second EU member state to approve FSD (Supervised) on Tuesday, just weeks after the Netherlands became the first. Greece and Belgium are expected to follow shortly. The Lithuanian transport safety administration adopted the Dutch RDW’s prior certification rather than running […]

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Tesla’s Full Self-Driving software just landed in its second European country, with more in the queue Read More »

Europe’s EV sales are surging as the Iran war sends petrol prices through the roof

War has a way of rewriting consumer habits overnight. Since US and Israeli airstrikes hit Iran at the end of February, crude oil has soared past $100 a barrel for the first time since Russia’s 2022 invasion of Ukraine. The result at Europe’s petrol pumps has been immediate and painful. The result at EV dealerships […]

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Europe’s EV sales are surging as the Iran war sends petrol prices through the roof Read More »

XPeng starts its robotaxi line in Guangzhou, three years behind the leaders and ahead of any other Chinese automaker

The first car off the line on Monday marks the start of a slow ramp. Public pilots arrive in the second half, fully driverless by early 2027. XPeng said on Monday that the first robotaxi had rolled off its production line in Guangzhou, making the Chinese carmaker, in its own framing, the first automaker in […]

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XPeng starts its robotaxi line in Guangzhou, three years behind the leaders and ahead of any other Chinese automaker Read More »

Chinese EVs are arriving in Canada. Nearly 400 dealers are already fighting to sell them.

Michael MacGillivray, the CEO of Century Auto Group and Sigma Auto Group, oversees 10 dealerships across Nova Scotia and New Brunswick. In April, he flew to the Beijing Auto Show to shake hands with Chinese automakers and drive their cars. He came back impressed. “They have materials that are second to none,” he told CNBC. […]

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Chinese EVs are arriving in Canada. Nearly 400 dealers are already fighting to sell them. Read More »

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