April 10, 2025

Another electrifying week is in the books—here’s what sparked the headlines and charged up the future of mobility on this fine Thursday:

• Formula E’s 25’ Miami E-Prix features Hankook Tires
• BYD is expanding into Europe with its premium Denza brand
• Harbinger launches serial production of American-made, medium-duty EV
• 2025 CEO Investor Day, Kia outlined plans to bolster growth by introducing new EVs
• GM is driving American battery technology forward
• VW doubled its BEV deliveries in Europe
• SWTCH Cortex achieves UL Certification, removing infrastructure hurdles for EV charging
• Video: A 40k-mile test of the Rivian R1T

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“Hope is the thing with feathers that perches in the soul and sings the tune without the words and never stops at all.”
–  Emily Dickinson

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1. As exclusive supplier for the 2025 Miami E-Prix on April 12, Hankook Tire will showcase its GEN3 Evo iON Race tire technology designed for Formula E cars that outaccelerate F1 vehicles.

2. Chinese electric vehicle manufacturer BYD is expanding into Europe with its premium Denza brand, launching the Z9GT model in both battery-only and plug-in hybrid versions by late 2025. 

3. Medium-duty electric vehicle manufacturer Harbinger has achieved start of production at its California facility, delivering over 100 American-made EV chassis to customers including THOR Industries, while securing 4,690 vehicle orders worth $500 million and $100 million in Series B funding to scale operations and add 100 employees in 2025.

4. With an ambitious push toward electrification, Kia has updated the Plan S 2030 strategy which targets 1.26 million EV sales and 250,000 purpose-built vehicle sales by 2030, backed by major investments in new models—including an EV pickup for North America.

5. In the first quarter of 2025, Volkswagen Group doubled its battery-electric vehicle deliveries in Europe to over 150,000 units, up from 74,400 in the same period last year, reflecting a surge in EV demand across the region.

6. With first-quarter EV sales up 94% and ranking as the #2 EV seller, General Motors is advancing American battery technology by scaling U.S. manufacturing through joint ventures, securing North American supply chains, and investing in innovation.

7. UL Certification has been awarded to SWTCH Cortex, an energy management technology that enables unlimited EV charging station installations without electrical upgrades by intelligently distributing available power across building systems.

8. At the 2025 New York Auto Show, three new vehicles—including two fully electric models—will be unveiled by Kia, underscoring the brand's continued expansion in the EV market.

9. NIO validated over 60 EV designs using Flow360, achieving simulation speeds 10–100 times faster than traditional methods and over 94% accuracy compared to wind tunnel tests, demonstrating the tool’s reliability, speed, and precision in real-world automotive applications.

10. A $1.1 billion offering of convertible senior notes due 2030 has been closed by Lucid Group, with proceeds used to repurchase $1 billion of existing notes due in 2026, fund general corporate purposes, secure strategic support from the PIF, and mitigate potential dilution through capped call transactions.

11. GM Energy has partnered with EnergyHub to integrate its EVs and PowerBank systems into utility programs, enabling optimized charging and customer incentives while supporting grid reliability.

40k Mile-Test

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