Tag: Electric Vehicles

Xiaomi’s Electric Car Arm Proves Profitable in Just Over a Year
22Nov By AGN EditorNo Comments
EV & Electric Cars, Industry & Business, News

Xiaomi’s Electric Car Arm Proves Profitable in Just Over a Year

Xiaomi, a tech giant increasingly making waves in the automotive industry, has reported its first quarterly operating profit from its electric vehicle (EV) business. This milestone comes approximately nineteen months after the company unveiled its first electric sedan, the SU7. The profitability of Xiaomi’s EV division is a significant step forward for the brand, which continues to grow at an impressive pace within a highly competitive market. In Q3 2025, the business unit generated an operating profit (EBIT) of 700 million yuan ($85 million), showcasing strong growth from its revenue stream that amounted to 29 billion yuan. Breaking down these figures further reveals that electric vehicles alone accounted for a substantial portion of this income. In Q3, Xiaomi’s EVs contributed approximat...
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Vermont Keeps Electric Vehicle Incentives Alive Amid Federal Cutbacks
22Nov By AGN EditorNo Comments
EV & Electric Cars, News

Vermont Keeps Electric Vehicle Incentives Alive Amid Federal Cutbacks

Vermont continues to be at the forefront of promoting electric vehicle (EV) adoption, offering incentives that complement the federal programs which have expired. As the rest of the country grapples with the absence of national EV benefits, Vermont stands out as a beacon for green transportation. The state's commitment to sustainability is evident in its recent extension of rebates and subsidies for both new and used electric vehicles. This move comes at a time when many Americans are looking for ways to reduce their carbon footprint without compromising on affordability or convenience. Residents of Vermont can take advantage of substantial rebates depending on the type of EV they choose: All-electric Vehicle (BEV) Rebates: New $2,200 Used $1,500 In addition to these rebates, Vermont off...
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Electric Car Battery Anxiety Is Unfounded, Study Shows
21Nov By AGN EditorNo Comments
News

Electric Car Battery Anxiety Is Unfounded, Study Shows

Fear of having to replace an electric vehicle's battery is real but largely unwarranted. Over 30,000 cars analyzed in recent years demonstrate that batteries last much longer than people think.Only 4% of the vehicles studied have had to change their battery due to loss of capacity over time. This analysis comes from Recurrent, a firm specializing in electric vehicle data analysis. In their previous study in 2023 with a smaller sample size of 15,000 cars, they found similar results.The German Automobile Club (ADAC) has noted that the batteries in plug-in hybrid Mercedes vehicles degrade less compared to those from Mitsubishi. With updated data on over 30,000 electric cars, the analysis still shows a very low battery replacement rate—less than 4%. This includes older models with more than te...
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GAC Advances European EV Strategy through Collaboration with Magna
21Nov By AGN EditorNo Comments
EV & Electric Cars, News

GAC Advances European EV Strategy through Collaboration with Magna

GAC, a leading Chinese automaker, is making significant strides in its European electric vehicle (EV) strategy by partnering with Magna International to assemble vehicles. This collaboration marks an important step in GAC's efforts to strengthen its presence in the European market and accelerate the adoption of EV technology. The partnership between GAC and Magna will enable the company to leverage Magna's extensive expertise in vehicle manufacturing and assembly, thereby enhancing its ability to meet the growing demand for environmentally friendly vehicles in Europe. This move underscores GAC's commitment to innovation and sustainability as it continues to expand its global footprint. With this strategic alliance, GAC aims to solidify its position among the top contenders in the European ...
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