#E Class

Lucid Reduces Cash Consumption 30% in the Third Quarter of 2026 and Expands Its PIF Credit Line by $1.75 Billion

Lucid reported third-quarter revenue of $350 million and said it cut free cash flow consumption by 30% from the prior quarter, to $1.04 billion. Lucid also said its delayed-draw loan facility with the Public Investment Fund of Saudi Arabia was increased by $1.75 billion, taking pro forma liquidity to $3.75 billion.

Rivian Will Add Alternative Routes, Spoken Alerts and Arrival Charge Controls to R1 and R2 in Update 2026.41

Rivian plans to bring a set of navigation upgrades to its R1 and R2 vehicles in the next over-the-air software update, 2026.41. Owners will be able to pick other routes, hear Waze and Google Maps alerts out loud, see more road warnings and traffic-sign icons, and choose how much charge they want left at a stop or at their destination, though Rivian has not said when the software will start to roll out.

Tesla Starts Robotaxi Service in San Antonio at 5 a.m. Central on November 9

Tesla has opened its Robotaxi service in San Antonio, with the official account saying rides would be available from 5 a.m. Central on November 9. The company posted a launch-geofence map of central and north San Antonio but did not say how many vehicles would run the city, which models would be used, or what hours and fares would apply.

BMW to Bring Navigation-Guided Level 2 City Driving Assistance to the iX3 in Germany From 2027

When a BMW Maps route is running, the SAE Level 2 system will be able to help with turning, changing lanes in town, giving way at junctions and getting through roundabouts, though the driver stays responsible for the car.

Ford Pro Opens Sales of Electric Transit City Van in Argentina on November 9

The van uses a 56 kWh LFP battery rated for up to 381 km in the WLTP urban cycle and 254 km in the WLTP combined cycle, while pricing is being held back until the van’s public debut at the Fenatran show in São Paulo.

Polestar Files Plan to Convert Swedish Holding Company Into Dutch B.V. While Keeping Operations in Gothenburg

Polestar plans to convert its Swedish holding company into a Dutch B.V. as part of an effort to create a leaner corporate structure. Under the proposal, Polestar Performance AB would remain the same legal entity while changing its registered office, legal form and governing corporate law from Sweden to the Netherlands, with operations and headquarters planned to remain in Gothenburg.

Tesla to Wind Down Cybertruck Production at Texas Factory Around Mid-2027 for Cybercab

Tesla plans to wind down production of its electric Cybertruck pickup at Gigafactory Texas around the middle of 2027, with CEO Elon Musk saying the move will make room for increased Cybercab robotaxi production. Musk did not say whether Cybertruck production would end at other locations, and he later said the Cybertruck fleet will be around for a long time.

Ford Fathom Electric Pickup’s Top Trim Will Reportedly Cost Less Than $40,000

Ford’s upcoming Fathom midsize electric pickup is being positioned as an affordable EV truck, with even its highest trim reportedly expected to stay below $40,000. The Fathom will be the first vehicle on Ford’s Universal Electric Vehicle platform, with a starting MSRP of $28,350, or $29,945 including the $1,595 destination fee, and a planned late-2027 launch.

Rivian Software Business Generates $256 Million in Q3 Gross Profit as Automotive Unit Loses $80 Million

Rivian’s software and services unit posted $256 million in third-quarter gross profit at a 42% margin, while the EV maker’s automotive business lost $80 million. Rivian is leaning harder on AI and autonomy to grow that software business, with Autonomy+ and an upcoming Point to Point feature aimed at turning driver assistance into recurring revenue.

New Audi A2 e-tron Achieves 12.8 kWh/100 km WLTP Consumption With SiC Inverter

Audi says the new A2 e-tron is its most efficient model ever, with the 140 kW version rated at 12.8 kWh/100 km in the WLTP cycle when fitted with the optional efficiency package. A key part of that is a newly developed silicon carbide (SiC) pulse inverter that reaches efficiencies of more than 97%, working alongside improvements to the electric motor and transmission.

XPeng Launches GX and G9L Extended-Range SUVs in 11 Middle East and African Markets

XPeng has put its GX and G9L extended-range flagship SUVs on sale in 11 countries each across the Middle East and Africa, pairing an 800V architecture with 5C fast charging as it pushes further overseas. XPeng says the battery can charge from 10% to 80% in as little as 10.7 minutes, and it cites a maximum combined NEDC range of 1,210 km.

Volkswagen Reportedly Pauses Electric ID. Golf Development Amid Cost Pressures

Volkswagen has put development of its next-generation electric ID. Golf on hold for now, saying it needs to secure the investment before work can continue. The move adds fresh uncertainty to an EV that was first planned for 2028 and has already been pushed back to the end of the decade.

BYD BEV Sales Top 300,000 for the First Time as October Sales Hit a Yearly High

BYD sold 305,743 battery electric passenger vehicles in October, passing the 300,000 mark for the first time and setting a monthly record for the third month in a row. That surge gave the Chinese automaker its best month of new energy vehicle sales so far this year, even as its plug-in hybrid sales kept falling compared with a year ago.

Lucid Stock Closes at Record Low After Falling 5.6% on October 30

Lucid shares ended Friday, October 30, at a record closing low of $3.02, leaving the EV maker’s stock down more than 71% so far this year. The close came in below the previous record low of $3.10 from October 19 as investors weighed Lucid’s weak deliveries, its funding needs and its upcoming November 9 earnings report.

Rivian Expands 3D Printing Operations With More Than $5 Million in Equipment

Rivian is pushing 3D printing beyond development work, putting more than $5 million into printing equipment and opening the technology up to more of its employees. The EV maker says additive manufacturing is cutting costs and shortening the wait for tools and some vehicle parts, and it is adding an on-demand printing bay at its plant in Normal, Illinois.

Lucid Air Pure Completes 40,000 Miles With No Major Reliability Problems

A 2024 Lucid Air Pure has completed 40,000 miles in Car and Driver’s long-term test, giving the publication an extended look at the luxury electric sedan’s reliability, comfort, efficiency and everyday usability. The car went through two winters and several drivers without leaving anyone stranded, although a handful of smaller problems and quality issues emerged along the way.

Ford Says Its New EV Motors Are 30% More Efficient Than BYD’s

Ford’s $28,350 Fathom electric pickup, the first model on its new Universal Electric Vehicle platform, will use motors, gearboxes and inverters that CEO Jim Farley says are about 30% more efficient than BYD’s. Farley says that efficiency lets Ford fit a smaller battery, reducing the single biggest cost in building an electric vehicle.

Nio Opens First New European Battery Swap Station in More Than a Year

Nio has opened a new battery swap station in Germany, its first new site in Europe in more than 13 months. The third-generation facility brings the automaker’s European total back to 61 locations after a Danish station closed in late 2025.

Geely Auto Reports Record RMB 14.9 Billion Core Profit as Earnings Rise 41%

Geely Auto Group reported record core net profit for the first nine months of 2026, with core net profit attributable to owners of the parent rising 41% year over year to RMB 14.9 billion. The automaker also recorded record third-quarter revenue and profit, while expanding sales across its Geely, Zeekr and Lynk & Co brands and increasing exports to markets outside China.

BYD Tang EV Arrives at Chinese Dealers With 691 HP and New Electric Platform

BYD’s third-generation Tang EV is now showing up at Chinese dealerships, with its public debut expected at the Guangzhou Auto Show in November. Built on a dedicated EV platform for the first time, the redesigned SUV gets five seats, dual-chamber air suspension, a roof-mounted LiDAR sensor and an all-wheel-drive version producing 515 kW (691 hp).