The Chinese electric vehicle (EV) market, the world’s largest, is experiencing a slowdown and a fierce price war among domestic manufacturers. Profits Plummet for EV Leaders BYD, China’s top EV producer in 2023, reported a significant drop in Q1 2024 profits compared to the previous quarter. Their net profit fell by 47%, despite a 13.4% … Read more
Hongqi continues its reign of crafting some of the most audacious cars on the market with the unveiling of the L1 and the revised L5. Both vehicles are part of the prestigious Hongqi L Series, known for its top-tier luxury and head-turning design. L1: Power and Opulence The L1 boasts a length of 5.3 meters … Read more
Israeli company StoreDot has proven its ultra-fast charging battery technology in a real-world application for the first time. The company’s batteries were used in the new Pulstar 5 electric car, achieving a staggering 10-minute charge time from 10% to 80% capacity. StoreDot’s “XFC” technology utilizes silicon-dominant cells, boasting exceptional cooling properties and high energy density. … Read more