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Xiaomi's EV business expected to turn profitable in H2 2025, founder says

Xiaomi EV is poised to become the fastest to achieve profitability among China's new automotive brands. In the first quarter, Xiaomi's innovative businesses, including EV and AI, reported an operating loss of RMB 500 million. (A Xiaomi SU7 Ultra displayed at the Shanghai auto show in April 2025. Image credit:

BESS as virtual transmission in Australia: Unlocking the grid

  One of the most promising developments is the use of battery energy storage systems (BESS) as virtual transmission—a concept increasingly referred to as storage-as-transmission assets (SATA). This approach is already being actively deployed in Germany and elsewhere. In Australia, the opportunity is clear: by deploying BESS strategically along transmission

Union Power and New & Renewable Energy Minister

Cost of energy storage in bid increased to Rs 10.18 per kWh, VGF and PLI for battery energy storage expected to reduce storage cost The Union Minister of Power and New & Renewable Energy has informed that the capacity tariff for installation of 500MW/1000MWh Battery Energy Storage System (BESS) has

Li Auto delivers 40,856 cars in May, up 16.66% year-on-year

  In the first five months of the year, Li Auto delivered 167,659 vehicles, a year-on-year increase of 18.73 percent. Li Mega Home orders have far exceeded expectations, Li Auto said. Li Auto (NASDAQ: LI) saw a sequential rebound in deliveries last month after a decline in April. The company

Tesla dominates in Norway with 213% sales jump from '24

  Tesla shares are up nearly 20 percent in the past month, but that is not stopping the only trillion-dollar automaker from attracting all types of new potential sectors to disrupt, at least from an investor and analyst perspective. Morgan Stanley’s Adam Jonas is not one to shy away from

Leap and ChargeScape aim to build the nation’s largest EV virtual power plant

Leap, the leading platform for building and scaling virtual power plants (VPPs), and ChargeScape, the only automotive joint venture delivering vehicle-grid integration, today announced a new partnership to accelerate electric vehicle (EV) participation in grid services programs across the United States.Together, the companies aim to build the nation’s largest EV

Morgan Stanley says this is Elon Musk's next challenge

  Tesla shares are up nearly 20 percent in the past month, but that is not stopping the only trillion-dollar automaker from attracting all types of new potential sectors to disrupt, at least from an investor and analyst perspective. Morgan Stanley’s Adam Jonas is not one to shy away from

China's BYD and Great Wall Motor clash over China's auto price war

Tensions between two of China’s largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry “unhealthy”. Shares in Chinese automakers such as BYD, Nio and XPeng tumbled this week

Powin could cease operations by end of July

  In a letter addressed to Michael Welter, rapid response coordinator at Oregon’s Higher Education Coordinating Commission (HECC), and the mayors of Portland and Tualatin, where its operations are based, Powin said it faces the possibility of having to close and lay off 250 staff. “If Powin LLC’s present business

Elon Musk responds to Tesla Supercharger shutdown on NJ Turnpike

Pension fund leaders with Tesla investments are urging the company’s board to mandate Elon Musk dedicate at least 40 hours per week to the electric vehicle maker, citing a looming crisis. The group holds a combined 7.9 million TSLA shares and expressed alarm over Tesla’s challenges in

LG Energy Solution begins large-scale ESS battery production in North America

  LG Energy Solution has begun large-scale production of lithium iron phosphate (LFP) batteries for energy storage systems (ESS) in North America. The company is currently the only global battery manufacturer with an established large-scale ESS production system in the region—an advantage that industry experts say is timely given surging

Tesla bails on crucial piece of India production, aims to rely on imports

Tesla is going to lose 64 Superchargers on the New Jersey Turnpike after a decision by the Turnpike’s governing body was made not to renew its contract with the automaker. On Friday, Tesla revealed that the New Jersey Turnpike Authority (NJTA) had officially decided to choose a sole third-party provider

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