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NEV

Evergrande’s NEV unit plunges on China’s order to refund US$262 million in state subsidies

by Anas Siddiqui
Evergrande’s NEV unit plunges on China’s order to refund US2 million in state subsidies

China Evergrande New Energy Vehicle Group (NEV) plunged by the most in nearly three years, after the Chinese government ordered the unit of China Evergrande Group to return all its …

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Elon Musk Says New Tesla Model Y Is Hiding Range Behind Paywall

by Horatio Thompson
Elon Musk Says New Tesla Model Y Is Hiding Range Behind Paywall

Good morning! It’s Monday, May 6, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are …

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New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

by Anas Siddiqui
New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

New-energy vehicles (NEVs) will make up about half of new car sales in mainland China by 2030, as state incentives and expanding charging stations win over more customers, according to …

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JetBlue Cuts 16 Routes, Leaves Five Cities After Spirit Merger Debacle

by Horatio Thompson
JetBlue Cuts 16 Routes, Leaves Five Cities After Spirit Merger Debacle

JetBlue Airways is cutting a whole bunch of unprofitable routes to destinations both in the U.S. and overseas. It’s leaving five cities altogether as it looks to save money after …

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Ikea-backed Chinese NEV rental operator DST raises US$80 million in boost for expansion plan

by Anas Siddiqui
Ikea-backed Chinese NEV rental operator DST raises US million in boost for expansion plan

DST Electrical Vehicle Rental, a Chinese new-energy vehicle (NEV) fleet operator, has secured US$80 million in funding from a new investor, giving a boost to the company’s expansion plans. The …

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