BYD sold 1.25 million cars and made a profit of 1.5 billion USD in H1 2023

Rivian R1S, R1T: Quad-Motor vs. Dual-Motor EVs compared

Rivian plant in Normal, Illinois, manufacturing its Enduro drive unitEarlier this year, Rivian expanded its plant in Normal, Illinois by nearly 20% to manufacture its Enduro drive unit. It’s an about-face from the drive units supplied by Bosch in Rivian’s Quad-Motor models, and should help mitigate the bottlenecks to ramping production of the R1T adventure pickup truck, R1S three-row SUV, and EDV...

Report: EVs now top 5% of new vehicle sales in 23 countries

150,000th Ford Mustang Mach-E builtEVs have surpassed at least 5% of new car sales in 23 countries, according to a new Bloomberg report. Much of that sales growth has happened in the past year, according to the report. Five more countries have 5% EV sales—which Bloomberg analysts consider a tipping point for mass adoption—than a year ago. And median EV sales were up 55%...