Global Electric Vehicle Industry Developments

Polyphase has set another world record for light-duty passenger electric vehicles with a 270-kilowatt wireless power transfer system Ferrari is not only planning another production plant in Maranello to potentially increase output by 20,000 units but is also preparing to launch its first electric sports car with a price tag over $500,000 Citroen is strategizing to compete with Chinese electric cars, as European auto brands face increasing pressure from China’s growing EV market, now further complicated by the EU’s anti-subsidy investigation and new retaliatory tariffs by China on European cars. Hubject has partnered with Exicom, India's largest EV charger manufacturer, to improve the EV charging infrastructure in India by leveraging cutting-edge interoperability technology CAKE, the Swedish electric motorcycle company, is making a major comeback Additionally, Italy's luxury automaker plans to produce an electric vehicle exceeding the $500,000 mark, confirming the high stakes and premium branding aligning with the EV transition..