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UK’s £1bn Ford Guarantee Secures 5,500 Jobs While Boosting EV Production Amid Consumer Demand Gap

Britain’s government has provided a £1 billion guarantee to support Ford UK’s electric vehicle production and safeguard thousands of positions across the country. This financial assistance arrives as manufacturers face challenges aligning

Sunita Somvanshi

August 2, 2025

Electric Car Charging. Photo Source: Ford.

Electric·Mobility·News

Ford’s “Model T Moment”: Affordable EVs Coming as Division Posts $1.3B Loss

Ford CEO Jim Farley has promised a “Model T moment” for the company’s electric vehicle future, with major announcements coming August 11 in Kentucky. The automotive giant will reveal plans for what

Karmactive Team

August 2, 2025

A white BYD Seal electric sedan parked beside the Danube River in front of the Hungarian Parliament Building in Budapest.

Business·Electric·Mobility

Chinese EV Giant BYD Builds First European Factory in Hungary with €4 Billion, 300,000 Annual Capacity

Workers in Szeged, Hungary, found early medieval Avar-period pottery and cemetery remains while preparing the ground for BYD’s new electric vehicle factory. The Chinese automaker plans to build cars on land with

Rahul Somvanshiand

Karmactive Team

July 31, 2025

Electric·Mobility·News·USA

San Francisco Wins $7.8 M, 403‑Charger Plan Poised to Electrify 40 % of City Fleet by 2028

San Francisco has secured a $5 million grant from the California Energy Commission, with an additional $2.8 million city contribution, totaling $7.8 million to support charging infrastructure for electrifying 40% of the

Karmactive Staff

July 24, 2025

Business·Electric·Mobility

Nio Surges 40% on Battery‑Swap Leap—But $3B Losses Spark Profit Concerns

Nio shares jumped more than 40% in the past month, pushing the Chinese electric vehicle maker back into the spotlight despite ongoing financial hurdles. While the company’s innovative battery-swap technology and delivery

Sunita Somvanshi

July 23, 2025

News·USA

MRI Safety Lapse Killed 61‑Year‑Old Pulled by 20 lb Chain as 9% of Scans Involve Projectiles

A 61-year-old man died after being pulled into an MRI machine while wearing a heavy metal chain at Nassau Open MRI in Westbury, New York on July 17, 2025. Keith McAllister entered

Govind Tekale

July 20, 2025

Business·News

Volkswagen Shuts 360,000-Vehicle Nanjing Plant as BYD’s 2.1M Sales and 33% Growth Reshape China’s Auto Market

Volkswagen has shut down its factory in Nanjing, China, marking the first time the German automaker has completely closed a plant in the country. Production has already stopped, with the facility set

Sunita Somvanshi

July 13, 2025

Asia·Business·News

BYD Thailand Delivers 90,000th EV as Rayong Plant Marks First Year with 6,100 Local Workers

BYD delivered its 90,000th new energy vehicle in Thailand this week, just as its Rayong factory celebrated its first year of operation. On July 7, 2025, BYD Chairman Wang Chuanfu handed over

Sunita Somvanshi

July 12, 2025

Electric·Mobility

Lucid Air Sets 749-Mile EV Range Record, Exceeding EPA Rating by 233 Miles

A Lucid Air Grand Touring electric car just drove 749 miles (1,205 kilometers) on a single charge, setting a new Guinness World Record. The car traveled from St. Moritz, Switzerland to Munich,

Karmactive Team

July 10, 2025

Business·News

Polestar 7 SUV Production Moves to Slovakia to Escape 28.8% EU and 100% US Tariffs

Polestar will make its new compact electric SUV, the Polestar 7, in Europe instead of China. The Swedish electric car maker has chosen Volvo Cars’ new factory in Kosice, Slovakia, with production

Karmactive Team

July 6, 2025