NIO Profitability? NIO’s got a big target in mind. It is aiming to finally achieve profitability in the 4th quarter of this year. Naturally, that’s a huge deal for the company. Tesla’s stock price soared in 2019 when it finally achieved profitability, and I think most investors assume startup car … [continued]
As we’ve been reporting, Chinese EV giant BYD has been expanding into or rapidly accelerating the competition in more and more markets, including in Latin America. It has been offering more affordable — but still very good — electric cars than these markets had before. Brazil is one of those … [continued]
With over 14,000 EVs sold in May (an all-time high) and year-on-year growth of 63%, Brazil’s EV market seems to be gearing up for a record 2025. YoY sales have grown every month of this year so far, and the market has already surpassed the levels from December 2024, despite … [continued]
South America just achieved a remarkable energy milestone, quietly setting a global benchmark: for the first time in history, the entire continent now has zero new coal-fired power plants planned. To grasp how remarkable this is, we need only glance back a decade. When the Paris Agreement was signed in … [continued]
BYD’s plant in Camaçarí faced significant hurdles in late 2024 when Brazilian media denounced that Jinjiang, one of the three companies working on the construction of the factory, had been violating its workers’ rights. In late January, it was announced that all Chinese workers were going back to China after … [continued]
EV sales in February grew by 55% year over year in Brazil. The country broke record after record. In 2024, it sold more than 100,000 EVs, making it one of the few countries worldwide to have reached that number. In February 2025, it sold over 10,000 EVs for the fifth … [continued]
I know many of our readers are not too fond of plug-in hybrids (PHEVs), considering them an inferior solution to purely electric vehicles (BEVs), which, to be fair, they are. But modern PHEVs, with their all-electric ranges over 50 km and their hyper-efficient powertrains (some of which may get 2,000 … [continued]
In a landmark achievement for the carbon removal industry, InPlanet, in collaboration with ClimeFi, has announced the issuance of the world’s first independently verified Enhanced Rock Weathering carbon removal credits. A total of 235.53 carbon dioxide removal credits have been verified by Isometric, marking a major step forward in scaling … [continued]
Reports came out in the past week that workers building a BYD factory in Brazil were working in “slavery” conditions and were potentially victims of human trafficking. Without a doubt, something horrible was going on. How much BYD knew or didn’t know, we don’t know, but the company has now … [continued]
Whilst Latin America’s largest vehicle markets have been undergoing significant EV growth (we can already predict Brazil’s plug-in market share will surpass 5% in 2024 and Mexico’s will be above 2%) and several minor markets are showing meteoric growth (Costa Rica, Uruguay, and Colombia), this does not mean the entire … [continued]
