evhicle

Xiaomi ups its game by raising the delivery goal of the SU7 electric vehicle from 100,000 to 120,000 units for 2024. The popular model has garnered over 88,000 orders since its launch. With deliveries underway and plans to expand production capacity, Xiaomi is confident of meeting the increased target. The company aims to enhance its sales and service network by the year-end, reflecting the growing demand and success of the SU7 in the market. Source

China's NEV retail sales rise significantly in May, hitting a record 46.6% penetration rate. The China Passenger Car Association (CPCA) projects around 770,000 passenger NEVs to be sold, up 32.8% from last year and 13.7% from April. Despite an overall decline in passenger vehicle sales, the NEV market shows promise, with major automakers adjusting retail targets and increasing promotions. The CPCA expects to release preliminary NEV sales figures next month. Source

Despite uncertainties in the EU, Nio remains committed to European expansion says founder William Li. The company plans to continue its growth despite potential higher tariffs and political challenges. Nio already has a significant presence in Europe, with operations in multiple countries and 43 battery swap stations. Despite facing increasing uncertainties in international markets, Nio is focused on serving global customers and adapting its strategy to work with local partners for future expansion. Source

Fortescue Metals makes history with its first hydrogen-powered haul truck trial, aiming to phase out diesel by 2030. The prototype, named "Europa," boasts a 1.6MWh battery and 500kW fuel cells, storing over 380kg of liquid hydrogen. Following successful tests, Fortescue plans to scale up to a fleet of zero-emission trucks by the end of the decade. Additionally, they are transitioning to electric excavators, utilizing solar power and high voltage technology to reduce diesel usage significantly. Source

Bargersville Police Department in the US saves a whopping $80,000 yearly by switching most patrol vehicles to Teslas. With a fleet of 13 Teslas, the town cuts down significantly on fuel costs compared to gas vehicles. The saved money already funded the hiring of two new officers. The switch marks a tenfold reduction in fuel expenses per vehicle, showing a promising case for adopting electric police vehicles nationally. Source

Kia shakes up the electric SUV market with the unveiling of the compact EV3, featuring styling cues from its larger siblings EV5 and EV9. Priced between $35k - $50k, it aims to ease range anxiety with up to 600km WLTP range and fast charging. Boasting a 58.3 kWh or 81.4 kWh battery option, 150 kW motor, and high-tech features, the EV3 targets mass EV adoption. Launching first in South Korea, Europe to follow, with plans for a global rollout. Source