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Do You Have A Fast Car? Rimac's Nevera has become the world's fastest production EV, hitting 256 mph at Germany's Automotive Testing Papenburg track. Miro Zrnčević, Rimac's chief test and development driver, achieved record-breaking speed using the car's advanced four-motor powertrain and improved battery cooling system. The achievement fulfilled Rimac's top speed target when the car debuted as the C_Two concept in 2018.
TELO/ASOTU
It's Alright To Be Little Bitty. TELO, a new American EV company, aims to disrupt the market with a small, modular electric truck offering Toyota Tacoma capability in a Mini Cooper footprint. The Telo Truck features two motors generating 500hp and a 106kWh battery promising a 350-mile range. Expected to roll out in 2025, it is priced at $49,999 pre-subsidies, with pre-orders open for a $152 fully refundable deposit.
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Cannot Stop The BATTERY! Toyota shares rose 5% following plans to launch a full lineup of next-gen EVs in 2026. The BEVs, developed by Toyota's new EV unit, BEV Factory, aim to offer a 1,000km (620 miles) driving range. Toyota targets annual sales of 1.5 million all-electric vehicles by 2026 and 3.5 million by 2030. It's also advancing mass production of all-solid-state batteries, expecting a 20-50% improvement in cruising range.
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All They Do Is Win (Lately)! Kia Motors' lineup has earned several recognitions; the EV6 and EV6 GT, among others, won awards from Money magazine. Kia also saw a tenth consecutive month of sales growth in May 2023, with sales up 23% from 2022 and Kia Seltos sales increasing by 171%. Two-thirds of Kia vehicles sold in the US are SUVs. The company also registered a 33% growth in EV sales compared to May 2022.