China in the U.S., BMW, and Rimac

China Electrifies Global EV Market: Implications for the U.S.

China's dominance in the EV market is growing, with significant global impacts. Here's what you need to know:

• Global EV Sales Surge: Worldwide EV sales increased by 21% in July, with China leading at 880K units sold, a 31% year-over-year rise.
• China's PHEV Growth: Plug-in hybrid sales in China surged 70% in the first seven months of 2024, reflecting strong demand for hybrid technology.
• BYD's Leadership: BYD, China's largest EV maker, saw a 13% rise in BEV sales and a 44% jump in PHEV sales, reinforcing its top global position.
• Zeekr's Innovation: Zeekr introduced a fast-charging battery that charges from 10% to 80% in 10.5 minutes, outpacing The competition. This will debut in the 2025 007 sedan.
• European Challenges: Europe's EV sales declined by 7.8% in July, with Germany down 12%, highlighting regional struggles.
• North American Growth: The U.S. and Canada saw a 7.1% increase in EV sales in July, showing moderate but steady progress.

BMW App Challenges Range Anxiety

BMW's new app update lets gas-powered car drivers simulate EV performance on their regular routes, showing how many trips could be completed on a single charge.

The app also includes a Charging Wallet feature for managing payments and checking spot availability. BMW sold over 190,000 EVs in H1 2024, up 25% year-over-year.

Radical Rimac

Rimac is set to unveil a "Radical" new hypercar at Monterey Car Week, teasing what could be an extreme version of the Nevera or a brand-new model.

A teaser image shows a striking front end, hinting at something truly extraordinary. With a countdown already underway, the official reveal is imminent.

Don’t worry. The car doesn’t actually turn into liquid. That is just a clever marketing image.