After breaking news about Tesla cutting more than 10 percent of its workforce last month, which included the complete disbandment of the team behind its Supercharger network, Electrek reports that another round of layoff is imminent. At the same time, Toyota has just posted its highest ever group operating profit for financial year ending March 2024 (FY2024), at 5.35 trillion Yen, or RM 163.6 billion. The figure is nearly doubled that FY2023’s profit of 2.73 trillion Yen (~RM 83.4 billion). Toyo

Hans

May 8, 2024

Remember Nio? The Chinese rival to Tesla famous for its swappable battery and owners-only Nio House lounge. Like Tesla, Nio is in a lot of trouble. Nio’s next step is to improve its earnings is to introduce a lower priced, mass-market brand called Onvo, aimed at BYD BEVs. The first Onvo model is a coupe-SUV style Onvo L6. Although it’s aimed at BYD, Onvo will still count BYD as one of its battery suppliers, along with CATL. None of the above have been confirmed by Nio, but leaks to the Chinese p

Hans

May 8, 2024

You're going to have to pause the video here and there, but this is the first proper look at the production-spec BYD Shark, the Chinese carmaker's first-ever pick-up truck ahead of its global debut that's taking place on 14-May 2024 in Mexico. Its 52-second teaser video shows off the Shark in a dark room, but at least there's no camouflage to hide its general design. Up front it looks suspiciously similar to a Ford F150 Raptor – down to the in-your-face BYD script by the grille – and round the b

Sanjay

May 8, 2024

Sime Darby Auto Hyundai, the retail arm of Hyundai-Sime Darby Motors, has opened a new outlet in Balakong, serving customers in the Balakong and Cheras area. The two and a half floors facility also features an 11 kW AC charging facility. “We are elated to welcome the new Balakong branch to the Sime Darby Auto Hyundai family, which fulfils an important role in fortifying our coverage in the Klang Valley region. The strategic location has a wide catchment area and holds a lot of untapped potential

Hans

May 8, 2024

After launching the Peugeot 408, Stellantis will soon host the public debut of Leapmotor – the group’s PHEV / EREV / BEV-only brand. Leap Motor is a Chinese electric car manufacturer that is 20 percent owned by Stellantis. In October 2023, Stellantis paid 1.6 billion Euros (~RM 7.65 billion) for a fifth of the company, reviving it from bankruptcy. According to a Facebook post by organizers of the 2024 Malaysia Auto Show, Leap Motor will be among the exhibitors, suggesting that the brand will be

Hans

May 8, 2024