China EV daily: Geely’s new Emgrand L Hi·P with fast charging, Cadillac Lyriq price cut in China, Deepal teases four new models

Report: EV inventories are swelling, and prices may drop soon

Polestar staging at Volvo dealershipDespite strong sales, dealership EV inventories are growing, according to data from Cox Automotive (via Automotive News). EVs are approaching 7% of the U.S. new car market, and they're on track to surpass sales of one million units in the U.S. for the first time this year, Cox Automotive estimates. But the data also show that EVs aren't flying off...

Speedy Audi compact EV project taps brand’s NSU heritage

Audi EP4 concept based on the NSU Prinz 4Audi has turned a vintage car from one of its predecessors into a speedy EV concept. Revealed Saturday, the concept updates and electrifies an NSU Prinz 4, which entered production in 1961. Dubbed EP4 (Electric Prinz 4), the project was undertaken by apprentices at Audi's plant in Neckarsulm, Germany, to mark 150 years of manufacturing at the...