The must-know EVs and mobility news of week 02 in one post.

Let’s start.

1. Lucid 🇺🇸 reported that it delivered 3,099 vehicles in Q4, exceeding expectations of 2,637, and produced 3,386 cars. The company produced 9,029 and delivered 10,241 vehicles in 2024.

2. Xpeng Motors 🇨🇳 and Volkswagen 🇩🇪 announced that they will share over 20,000 fast-charging points across 420 Chinese cities and plan co-branded ultra-fast charging stations.

3. Volkswagen 🇩🇪 announced management pay cuts exceeding €300 million by 2030, according to HR board member Gunnar Kilian.

4. Mercedes 🇩🇪 announced plans to add 20 outlets in India in 2025, focusing on smaller cities.

5. Mercedes 🇩🇪 announced US electric vehicle drivers will access 20,000+ Tesla 🇺🇸 Superchargers from February 2025. A NACS adapter will allow current EVs to use these chargers.

6. Sony 🇯🇵 and Honda 🇯🇵 announced that their first EV, the Afeela, will cost $89,900, offer 300 mi / 483 km of range, Tesla Supercharger support, and debut in California.

7. BYD 🇨🇳 announced that its new compact SUV Atto 2 will be launched in Europe this February.

8. Meanhwile, BYD’s 🇨🇳 Yangwang U9 supercar jumped 6 meters forward over a pothole using its "jumping suspension" feature. Not a really needed feature, but it is still impressive!

9. SAIC 🇨🇳 announced that it signed a strategic agreement with CATL to expand their partnership in battery aftermarket services and overseas operations.

10. Marubeni 🇯🇵 announced that it invested $5 million in the battery recycler Altilium 🇬🇧 to help expand operations, which aims to recycle 24,000 EV battery packs by 2026 and 150,000 by 2030.

11. Volvo Group 🇸🇪 announced its Swedish battery plant's high-volume production is delayed to after 2030.

12. Northvolt 🇸🇪 announced that shareholders voted to continue operations under Chapter 11 restructuring. The company seeks $1–1.2 billion in funding after reporting $5.8 billion in debt.

13. Hyundai 🇰🇷 announced that it will launch its Inster compact electric car in Japan at 2.85 million yen ($18,000), which makes it the cheapest compact EV in the market.

14. Hyundai 🇰🇷 announced a record $16.65B domestic investment 🇰🇷, with $7.88B for R&D, $8.22B for EV production, and $548M for autonomous driving.

15. Pony . ai announced that it plans to launch robotaxi services in Hong Kong 🇭🇰, starting with airport staff at Hong Kong International Airport, and is exploring expansion to other regions globally.

16. Tesla 🇺🇸 launched the new Model Y in Asia, with a number of improvements (e.g. 3% range improvement, stalks for the turning signal, front bumper camera, light bars). Deliveries start in March.

17. Renault 🇫🇷 unveiled the interior design of its upcoming electric twingo, a highly anticipated car in Europe.

18. Stellantis 🇫🇷🇮🇹🇺🇸 announced that it reduced US dealer inventory by over 100,000 vehicles through major discounts, meeting its year-end target of 330,000 vehicles.

That's all for this week, thanks for reading!