Volta, a charging company distinguished by its partly free, partly ad-supported EV charging, announced Wednesday that it will be acquired by oil giant Shell. The two companies have signed a "definitive merger agreement" under which Shell will buy Volta in an all-cash transaction that values the charging company at $169 million, according to a... Shell buys Volta network and its free EV charging
Volta, a charging company distinguished by its partly free, partly ad-supported EV charging, announced Wednesday that it will be acquired by oil giant Shell. The two companies have signed a "definitive merger agreement" under which Shell will buy Volta in an all-cash transaction that values the charging company at $169 million, according to a... 
The move by NIO is aimed at further focusing resources, speeding up vehicle development and efficiency to increase leverage for future competition, according to local media.
SUVs are supplanting traditional sedans, hatchbacks, and wagons in sales, but the head of Citroën believes EVs could reverse that trend. "The world of SUVs is done," Citroën CEO Vincent Cobée said in a recent interview with Auto Express (via InsideEVs). That's a bold prediction considering that SUVs have accounted for 50% of all... 
By fighting for volume, XPeng's gross margins will take a hit as costs are not materially lower, Edison Yu's team said.
The shooting brake variant of the NIO ET5 will debut in Europe, where there is a large market for the model, according to Qin Lihong.