Electric Cars Archive

The Swedish automaker said it will take a one-off, non-cash impairment charge of 11.4 billion Swedish kronor ($1.19 billion) in the second quarter related to two plug-in models: the EX90 and ES90. That means Volvo is basically reducing the value of the EVs on its balance sheet. The reason is because Donald Trump’s tariffs are making it impossible for Volvo to make a profit on these models. The EX60 is still on track, apparently.

The automaker announced today that it will upgrade its Spring Hill, TN factory for the production of low-cost lithium-ion phosphate batteries. The factory is run by Ultium Cells, a joint venture between General Motors and LG Energy Solution, building on a $2.3 billion investment from 2021. Tesla and Ford are also producing electric vehicles with LFP batteries, which tend to be cheaper and longer lasting but aren’t as energy dense as NCM (nickel cobalt manganese) batteries. Ultium Cells also supplies batteries to Hyundai, Kia, Toyota, and Rivian.

The xAI chatbot will arrive on Tesla vehicles by “next week at the latest,” according to Elon Musk, who previously said in January that it was “coming soon.” This wasn’t mentioned during last night’s live demo of Grok 4.

The EXP 15 “design concept” is supposed to preview the British automaker’s first all-electric model, due in 2026. Bentley said the design was inspired by the “Blue Train,” which was a 1930 three-seater Speed Six. But this crazy concept looks more like a real train with that massive front end and an elongated body. Bentley says none of this is intended for production, which, like, duh.

Apparently following through on his threat to challenge Republicans who supported Donald Trump’s budget bill, Musk tweeted, “Today, the America Party is formed to give you back your freedom.” He also said it will be ready next year -- a “consistently proven wrong” theme for Musk.