Sunday - June 8, 2025
Automotive Executive Brings Extensive Industry Experience to the Board of Directors NEWARK, Calif., June 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the election of Douglas Grimm to its board of directors effective immediately. Grimm was elected at Lucid's 2025 Annual Meeting of Stockholders and will bring extensive automotive... Read more
NEWARK, Calif., June 4, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the signing of a multi-year supply agreement with Graphite One for American-sourced natural graphite, further strengthening the company's supply chain for American raw materials and resources. Following other... Read more
Second quarter net sales of $629.1 million compared to $616.9 million in the prior year quarter, the latter of which included $32.9 million related to the Bus Manufacturing Businesses1 Excluding the impact of the Bus Manufacturing Businesses, net sales increased $45.1 million, or 7.7% compared to the prior year quarter Second quarter net income of $19.0 million compared to net income of $15.2 million in the... Read more
IRVINE, Calif. / Jun 04, 2025 / Business Wire / Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced that Rivian Holdings, LLC (the “Company”), Rivian, LLC (“Rivian LLC”) and Rivian Automotive, LLC (“Rivian Automotive” and, together with the Company and Rivian LLC, the “Co-Issuers”) priced their private offering of $1,250,000,000 aggregate principal amount of 10.000% senior secured green notes due 2031... Read more
The Mullen ultra-high-performance FIVE RS EV Crossover features a top speed of over 200 mph and acceleration from 0-60 mph in under 2 seconds The FIVE RS is equipped with 800-volt architecture, all-wheel drive, two-speed gearbox, and over 1,100 horsepower Initial vehicle market territories include the EU in 2025, followed by the UAE and South Africa in early 2026 Mullen is partnering with Faissner Petermeier... Read more
SHANGHAI, June 03, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2025. Operating Highlights for the First Quarter of 2025 Vehicle deliveries were 42,094 in the first quarter of 2025, consisting of 27,313... Read more
Transaction increases shareholder equity by approximately $3.5M As part of agreement, Mullen extinguishes significant debt, gains additional 21% ownership and regains full control of Bollinger Motors Bollinger to continue operating as a majority owned Mullen subsidiary; Mullen will continue to provide full financial backing on sales, service, and warranty of vehicles Bollinger to ramp up sales activity... Read more
IRVINE, Calif. / Jun 02, 2025 / Business Wire / Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced that Rivian Holdings, LLC (the “Company”), Rivian, LLC (“Rivian LLC”) and Rivian Automotive, LLC (“Rivian Automotive” and, together with the Company and Rivian LLC, the “Co-Issuers”) intend to offer, subject to market and other customary conditions, $1,250,000,000 aggregate principal amount of senior... Read more
23,231 vehicles were delivered in May 2025, increasing by 13.1% year-over-year 89,225 vehicles were delivered year-to-date in 2025, increasing by 34.7% year-over-year Cumulative deliveries reached 760,789 as of May 31, 2025 SHANGHAI, June 01, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer... Read more
Delivers 33,525 units in May, up 230% YoY 30,000+ vehicles delivered monthly for seventh consecutive month GUANGZHOU, China, June 01, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for May 2025. In... Read more
BEIJING, China, June 01, 2025 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 40,856 vehicles in May 2025, representing a year-over-year increase of 16.7%. As of May 31, 2025, Li Auto’s cumulative deliveries reached 1,301,531. Li... Read more
HANGZHOU, China, June 1, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced its delivery results for May 2025. In May, Zeekr Group delivered a total of 46,538 vehicles across its Zeekr and Lynk & Co brands, reflecting a... Read more
ANAHEIM, CA / ACCESS Newswire / May 30, 2025 / Phoenix Motor Inc. (OTC PINK:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reported financial and operational results for the fiscal year ended December 31, 2024. Fiscal Year 2024 Financial Highlights Revenue increased 898% to $31.1 million, up from $3.1 million in FY... Read more
BEIJING, China, May 29, 2025 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2025. Operating Highlights for the First Quarter of 2025 Total deliveries for the first quarter of 2025 were 92,864 vehicles, representing a 15.5% year-over-year... Read more
XPENG launches MONA M03 Max, bringing city-level ADAS (Advanced Driver Assistance System) to the US$20,000 / RMB 150,000 price point – a bold step toward making intelligent driving truly accessible XPENG's visual-based self-developed AI Turing Smart Driving is the only advanced ADAS available in the US$20,000 / RMB 150,000 price segment globally With... Read more
AUSTIN, TX / ACCESS Newswire / May 28, 2025 / Volcon ePowersports (Nasdaq:VLCN) ("Volcon" or the "Company"), the first all-electric, off-road powersports company, is pleased to announce the launch of a new floor plan financing and retail financing program provided by Dealer Direct Financial, a department of First Community Bank. This initiative will enable Volcon's network of dealers to finance their inventory... Read more
WINNIPEG, Manitoba, May 28, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”) a leader in propulsion-agnostic bus and coach mobility solutions, today announced that its subsidiary, New Flyer Holdings, Inc. (the “Issuer”), intends to offer, subject to market conditions, $600 million in aggregate principal amount of second lien senior secured notes (the “Notes”) in a... Read more
AUSTIN, TX / ACCESS Newswire / May 27, 2025 / Volcon ePowersports (NASDAQ:VLCN) ("Volcon" or the "Company")) the first all-electric, off-road powersports company, received its first purchase order from Advanced EV for 1,000 golf carts. This initial order will be used by Volcon to conduct market testing of a new golf cart model developed in conjunction with Super Sonic under the distribution agreement with Volcon... Read more
ABU DHABI, UAE, May 21, 2025 /PRNewswire/ -- NWTN Inc. (NASDAQ: NWTN), a global intelligent mobility and AI technology company, today announced the official launch of the "NWTN AI Industrial Park" (NAIP) Project. The project is located in Khalifa Economic Zones Abu Dhabi (KEZAD), covering approximately 130,000 square meters, signaling the start of NWTN's transformation from a new energy vehicle manufacturer to a... Read more
MARKHAM, Ontario / May 21, 2025 / Business Wire / Electric vehicles are entering a new phase, where buyers no longer accept trade-offs in range, comfort, or price. With its balanced design and features, the VinFast VF 8 illustrates how the market is shifting toward more complete, no-compromise offerings. Early adopters put up with plenty of drawbacks. Range anxiety, software incompleteness, and higher price tags... Read more
AI-powered vehicles, global expansion, and humanoid robotics form XPENG's three growth drivers for sustainable development XPENG ranks #1 in Q1 2025 exports among Chinese EV startups, targeting 100%+ delivery growth and profitability in Q4 Q1 success demonstrates XPENG's full-stack AI capabilities and robust product cycle XPENG will launch the MONA M03 Max and G7 SUV in Q2 2025, targeting 2026 robot... Read more
Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB45.28 billion (US$6.24 billion) as of March 31, 2025 Quarterly total revenues were RMB15.81 billion, a 141.5% increase year-over-year Quarterly gross margin was 15.6%, an increase of 2.7 percentage points over the same period of 2024 Quarterly vehicle margin was 10.5%, an increase of 5.0 percentage points over the same... Read more
HANGZHOU, China, May 21, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced that it has published its 2024 Sustainability report ("the report"), available on the Sustainability section of the Company's IR website at https://ir.zeekrgroup.com. The initiatives and achievements... Read more
Partnership provides commercial customers ability to simplify fleet operations SAN FRANCISCO / May 20, 2025 / Business Wire / Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations® Platform, and Rivian (NASDAQ: RIVN), American all-electric vehicle manufacturer, today announced a collaboration designed to simplify the complexities of... Read more
All-new, redesigned 6th generation RAV4 will be available in Core, Sport, and Rugged styles across seven grades, including a new-look Woodland and first-ever GR SPORT America's best-selling compact SUV will now be 100% electrified, in a choice of Hybrid Electric Vehicle (HEV) or Plug-in Hybrid Electric Vehicle (PHEV) powertrains First-ever RAV4 GR SPORT, developed in partnership with Toyota GAZOO... Read more
ANAHEIM, CA / ACCESS Newswire / May 20, 2025 / Phoenix Motor Inc. (the "Company" or "PhoenixEV"), a leading manufacturer of medium-duty shuttle buses, trucks, and heavy-duty transit buses, announced today its first order of five (5) all-electric, zero-emission Z-400 shuttle buses from the County of Los Angeles Internal Services Department (ISD). These electric vehicles, built on the Ford E-450 chassis and powered... Read more
Company fiscal Q2 outperforms all previous quarterly revenue results Mullen achieves strong results with $5M revenue for quarter ending March 31, 2025 Company revenue is $7.9M for six months ended March 31, 2025 Company net loss decreased substantially from $132.4M in fiscal Q2 2024 to approximately $47.1M in comparable quarter ending March 31, 2025 Company cash spend reduced significantly from $120.9M to... Read more
FREEHOLD, N.J. / May 16, 2025 / Business Wire / Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a pioneering innovator in electric commercial vehicles, with advanced, market-validated, and purpose-built vehicle and smart technology products, has reported its financial and operational results for the three months ended March 31, 2025. First Quarter 2025 Financial and Operational Highlights: First quarter... Read more
CEO He Xiaopeng: "P7 is more than a car - it is XPENG’s answer for the AI era in form and function". Chief Designer Rafik Ferrag: "The original P7 was a milestone for XPENG and a turning point in China’s EV landscape. With this new generation, we set out to design a pure electric sports sedan that could amaze at every angle". GUANGZHOU, China, May 15,... Read more
Standard All-Wheel Drive with 375 hp combined system output Up-to 260 miles of manufacturer-estimated all-electric driving range with DC fast-charging times around 30 minutes* (10-80% charge under ideal conditions) Equipped with North American Charging System (NACS) port for access to thousands of DC fast charging stations, will also have the convenience of Plug & Charge capability Ample utility with... Read more
HOUSTON, TX / ACCESS Newswire / May 15, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("Envirotech" or the "Company") today announced the signing of a non-binding Letter of Intent ("LOI") to acquire the assets of Kymera, a manufacturer of marine craft. The Company intends for the business to serve as the foundation of Envirotech's new marine division. As planned, Envirotech intends to enter the electric marine... Read more
MONTREAL, May 15, 2025 /CNW/ - The Lion Electric Company ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that following the conclusion of the sale and investment solicitation process ("SISP") conducted under the supervision of the Superior Court of Québec (Commercial Division) (the "Court") and Deloitte Restructuring Inc., as... Read more
HANGZHOU, China, May 15, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced its unaudited financial results for the first quarter ended March 31, 2025[1]. Operating Highlights for the First Quarter of 2025 Total vehicle deliveries were 114,011 units for the first quarter of 2025,... Read more
CINCINNATI, May 15, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the first quarter ended March 31, 2025. Management Commentary “We continue to deliver high-quality electric trucks and build strong momentum as customer... Read more
TEL AVIV, Israel, May 15, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops and builds software-defined vehicle technology and a provider of full by-wire electric trucks and platforms, today announced its fourth quarter and fiscal year 2024 financial results. “2024 was a breakthrough year for REE. We successfully accelerated our... Read more
1Q25 Revenue of 21.7 Million Compared to $22.7 Million in 1Q24 Expanded Gross Margin by 580 Basis Points Year Over Year Reduces Operating Expenses by 50% Year Over Year Earnings Per Share Increases 61% Year Over Year EAST WINDSOR, N.J., May 15, 2025 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric... Read more
All-new, Toyota C-HR Battery Electric Vehicle with 338 combined system net hp and a manufacturer-estimated all electric driving range rating of up to 290-miles* Premium interior and easy access rear cargo area for comfort, convenience and utility DC fast-charging capability with access to thousands of Level Three charging stations nationwide for a 10-80% charge in around 30 minutes under ideal... Read more
Achieved positive gross margin of approximately 20%, for the first quarter 2025 LOS ANGELES, May 14, 2025 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leading electric truck manufacturer and fleet services provider, today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights: Delivered 29 units and generated $5.9 million in revenue... Read more
Plugsurfing is one of the largest EV charging service providers in Europe. XPENG customers can immediate access to over 940,000 charging points from 500 charge point operators across 27 countries. Easy charging station search, real-time availability, price information, payment processing and receipt assurance offered. AMSTERDAM, May 13, 2025 (GLOBE... Read more
Up to 314 miles of manufacturer-estimated range (XLE, FWD Plus model), an increase of 25% over the outgoing model (previously rated at 252 miles) Equipped with North American Charging System (NACS) port for access to thousands of DC fast charging stations, will also have the convenience of Plug & Charge capability Up-to 50% more horsepower, with 338... Read more
Range Truck Group joins as key Pacific Northwest partner; third Midwest Ziegler Truck Group location added CINCINNATI, May 13, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the expansion of its partnership with Ziegler Truck Group, adding two... Read more
Growing share of higher margin models in sales mix and continuing cost reduction measures start to drive financial and operational performance improvement Gross margin improved by 15ppts to 7% versus Q1 2024 Net loss reduced by 31%; an Adjusted EBITDA loss improvement of 46% year-on-year Over USD 900 million worth of financing facilities secured or renewed in Q1 2025 Cash position of USD 732 million as of end... Read more
WINNIPEG, Manitoba, May 12, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, is pleased to announce that the ten nominees listed in the management information circular dated March 21, 2025, were elected as directors of the Board at the Company’s annual and special meeting of shareholders (the Shareholder Meeting) held... Read more
AUSTIN, Texas, May 09, 2025 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon'', the “Company” or “we”), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended March 31, 2025. Company Highlights: ● Sold all remaining Grunt EVO motorcycles in Q1 ● Signed amended and restated golf cart supply... Read more
NEWARK, Calif., May 8, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the opening of its latest Studio and Service Center location in Rutherford, N.J. The new facility, built to serve the rapidly expanding customer base in New Jersey marks Lucid's 43rd permanent location in North America and 58th location globally. "New Jersey... Read more
HOUSTON, TX / ACCESS Newswire / May 8, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) ("Envirotech" or the "Company") today announced that through its subsidiary, AG Drones Inc. ("AG Drones"), it has entered into a Consulting and Manufacturing Agreement with a U.S. drone manufacturer for the manufacture of a U.S.-made heavy lift drone and that, following delivery of the drone and its associated intellectual... Read more
WINNIPEG, Manitoba, May 08, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in propulsion-agnostic bus and coach mobility solutions, today announced its unaudited interim condensed consolidated financial results for the first quarter of 2025. All figures quoted in U.S. dollars unless otherwise noted. First Quarter Highlights Deliveries: 1,028... Read more
Q1 total net assets increased by $24.8 million, or 21.6%, from the prior year-end. FF continued to expand its client base with two FF 91 2.0 deliveries, one in California and one in New York, officially entering the East Coast market, expanding its regional footprint beyond California. The FX Super One is anticipated to be unveiled around end of June of 2025, online B2C paid pre-order collection will be opened... Read more
Net Sales of $359M and GAAP Net Income of $26M Adj. EBITDA of $49M with 14% Margin and 2,295 Buses Sold FY2025 Adj. EBITDA Guidance Reaffirmed at $200M or 14% of Revenue MACON, Ga. / May 07, 2025 / Business Wire / Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today its fiscal 2025 second quarter results. Highlights (in millions... Read more
WINNIPEG, Manitoba, May 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, today announced that it and certain of its subsidiaries (collectively, the Company) have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300 million in... Read more
$206 million of positive gross profit in the first quarter of 2025 Unlocked an expected $1 billion investment from Volkswagen Group Significant progress made on R2 development and factory expansion Completed over 36,000 demo drives during the first quarter of 2025 - the highest number of drives in a quarter to date IRVINE, Calif. / May 06, 2025 / Business Wire / Rivian Automotive, Inc. (NASDAQ:... Read more
Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gating Delivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024 Q1 revenue of $235.0 million GAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20) Ended the quarter with approximately $5.76 billion in total liquidity NEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc.... Read more
All-electric B4 will be used as both a work truck and delivery truck, supporting various LES Ecology Center environmental initiatives including the longest running compost program in New York City BREA, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces its subsidiary, Bollinger Motors... Read more
New leaders set to drive growth and bolster leadership in key areas NEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced the company has strengthened its executive leadership team as it prepares for future growth. Lucid recently welcomed Akerho "AK" Oghoghomeh as Senior Vice President of Marketing, Jason Ryska as... Read more
West Virginia Deployments Now Total 22 GreenPower School Buses GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that three Type D all-electric, purpose-built,... Read more
Partnership leverages growing resources in the Kingdom of Saudi Arabia to advance key areas in Lucid's technology roadmap while progressing the country's vision for sustainable mobility KING ABDULLAH ECONOMIC CITY, Saudi Arabia, May 5, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, and... Read more
ANAHEIM, CA / ACCESS Newswire / May 5, 2025 / Phoenix Motor Inc. dba PhoenixEV, a leading manufacturer of all-electric, medium- and heavy-duty vehicles, is pleased to announce that it has been awarded a multi-category contract by the California Department of General Services (DGS) for Battery Electric Buses (BEBs). PhoenixEV has been selected for the following vehicle categories: Group 2 - 35-foot Battery... Read more
DEARBORN, Mich. / May 05, 2025 / Business Wire / Ford Motor Company (NYSE: F) today reported first quarter 2025 financial results. Visit the company’s Investor Relations website at shareholder.ford.com to view the earnings release, earnings presentation and other supporting material. At 5:00 p.m. ET, Ford and Ford Motor Credit Company management will hold a conference call to discuss these financial results. For the... Read more
DETROIT, May 5, 2025 /PRNewswire/ -- General Motors (NYSE: GM) announced today it has launched an offering of senior unsecured fixed rate notes. GM intends to use the net proceeds from the sale of the notes for general corporate purposes, including to refinance a portion of the $1.25 billion outstanding of its 6.125% senior notes maturing on October 1, 2025, and fund a portion of the $1.8 billion five-year... Read more
DETROIT, May 5, 2025 /PRNewswire/ --General Motors (NYSE: GM) announced today the pricing of three series of senior unsecured fixed rate notes for a total of $2.0 billion. These notes include $750.0 million of 5.350% notes due in 2028, $750.0 million of 5.625% notes due in 2030 and $500.0 million of 6.250% notes due in 2035. The offering is expected to settle on May 7, 2025. GM intends to use the net proceeds from... Read more
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