Fourth and EVs 🎆
Happy Fourth of July! We know you’re eager to light up the sky, so we’ll keep this newsletter brief. Stay safe and have fun!
And the rocket's red glare, the bombs bursting in air,
Gave proof through the night that our flag was still there.
Oh, say does that star-spangled banner yet wave,
O'er the land of the free and the home of the brave?
-Francis Scott Key
Quick EV News
- Rivian surpassed Wall Street's expectations by delivering 12,640 vehicles in the second quarter, marking a 59% increase from the previous quarter and reaffirming its annual production target of 50,000 units.
- In its second-quarter report, Tesla disclosed that it achieved a total delivery count of 466,140 vehicles and a production figure of 479,700 vehicles, exceeding analysts' predictions and demonstrating an impressive 83% rise compared to the previous year.
- In June, BYD, set a new sales record by delivering 253,046 vehicles, surpassing the previous month's record and signaling a robust revival in China's EV sector.
- Beijing-based Li Auto, Shanghai-based Nio, and Guangzhou-based Xpeng, three major Chinese electric car makers, experienced a surge in sales in June, indicating a strong recovery in the Chinese EV industry and potentially boosting the country's economic revival, with Li Auto achieving an all-time high of 32,575 deliveries, Nio delivering 10,707 cars, and Xpeng seeing a 14.8% month-on-month increase to 8,620 units.
- Colorado now offers one the most generous electric vehicle EV tax credit in the country, providing a $5,000 incentive for EVs under $80,000.
- Pricing details for Kia's upcoming EV9 three-row SUV have been revealed in Europe, with the base model starting at €74,990, indicating a higher price than initially anticipated, and suggesting a possible price range of around $60,000 to $67,000 for the US market.
- GM Defense has established GM Defense Canada to support the modernization of the Canadian Armed Forces, leveraging General Motors' advanced commercial technology and engineering resources for the development of electric, autonomous, and connected solutions.
- Chinese EV manufacturer Zeekr has announced the opening of pre-orders for its luxury all-electric SUVs in the Netherlands and Sweden.
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