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EVs
Over 300,000 Jeep hybrids recalled for fire danger
Hundreds of thousands of Jeep SUVs have been recalled for fire danger after battery failures, with owners being urged to park the vehicles outside for safety. Stellantis, the parent company for 14 car brands including Jeep, issued the recall notice on Tuesday for plug-in-hybrid Jeep Wrangler and Grand Cherokee SUVs globally, after 19 reports of fires. The recall specifically covers some of the 2020 through 2025 Jeep Wrangler 4xe's and 2022 to 2026 Jeep Grand Cherokee 4xe SUVs. The recall covers some 2020 through 2025 Jeep Wrangler 4xe and 2022-2026 Jeep Grand Cherokee 4xe SUVs. The National Highway Traffic Safety Administration (NHTSA) reported that Stellantis had confirmed 19 fires and one injury linked to the issue, and while 320,000 of the recalled vehicles are in States, the total number affected is expected to sit at 375,000 globally. The batteries, produced by Samsung SD, are no strangers to recall notices An investigation by Stellantis and Samsung SDI determined that a fire earlier this year was caused by the same defect, also reported in a 2024 recall of 154,000 plug-in hybrid Jeep EVs, which at the time came as a result of two injury reports. The NHTSA confirmed that vehicles that were already repaire
EVs
Lucid to launch new autonomous EV with Nvidia
Lucid Group has announced plans for a new mid-size electric vehicle with self-driving capabilities and computer chips from Nvidia. The car will be a world first, as a consumer-owned Level 4 autonomous vehicle, described by Lucid as having “eyes-off, hands-off, mind-off” capabilities. It will be one of the closest vehicles on the market to fully automated, Level 5 technology and in terms of price and size, it is expected to sit just below the Lucid Air sedan, which ranges between US$71,400 and US$250,500. The Silicon Valley-based tech company plans to utilise sensors, cameras, radar and lidar for the self-driving system and will kick off their new generation of cars using Nvidia's DRIVE AGX Thor chips, which are expected to compete with the EV industry leader, Tesla. Lucid will also expand to using Nvidia's software tools in its factories to speed up production and increase quality. “Our vision is clear: to build the best vehicles on the market,” said Marc Winterhoff, Interim CEO of Lucid. “Now, we’re taking the next step by combining cutting-edge AI with Lucid’s engineering excellence to deliver the smartest and safest autonomous vehicles on the road."
EVs
Telsa stock reverses as records fail to impress
Shares in automotive giant Tesla fell after it reported lower-than-expected results for the third quarter of the 2025 financial year (Q3 FY25). The electric vehicle to clean energy giant said net income fell 29% to US$1.77 billion (A$2.72 billion) and diluted earnings per share (EPS) plunged 31% to 50 cents in the three months ended 30 September 2025. The factors driving income down included higher operating expenses, an increase in share-based compensation, restructuring and other charges, higher average costs per vehicle, an increase in tariffs and a change in sales mix. Revenue jumped 12% to a record $28.1 billion due to an increase in vehicle deliveries, growth in Energy Generation and Storage, Services and other income and despite lower regulatory credit revenue and lower self-driving (FSD) revenue. “In Q3, the Tesla team achieved record vehicle deliveries globally, showing strength and growth across all regions, while also achieving record energy storage deployments across the residential, industrial and utility sectors,” the company said in its Q3 2025 Update. “This strong performance resulted in both record revenue and free cash flow generation in the quarter.”Credit: TeslaTesla introduced lower-cost variant
EVs
Mission Critical: How BYD made China a leader in EVs
A Shenzhen-based car manufacturer that has seemingly popped up overnight has now beaten Tesla in Europe, posted US$115 billion (A$176.7 billion) in annual revenue and shipped 4.27 million vehicles in 2024, capturing 18% of the worldwide EV sector. Here we look at how Chinese carmaker BYD catapulted itself from a battery manufacturer to the world's largest EV manufacturer; and how it's spearheading a plethora of Chinese automakers that are now simultaneously producing vehicles cheaper, higher in quality and more innovative than legacy brands. Azzet’s Mission Critical is a weekly column that lays out the ebbs and flows around critical minerals supply chains - from pricing, production, refinement and mergers & acquisitions, to manufacturing and consumer products. April 2025 caught some analysts by surprise as BYD's EU registrations jumped 359% year-over-year, while Tesla's volumes dropped 49%. Yet with a commanding six of the world's top ten EV sellers, China now controls 70% of global EV production, and in developing nations such as Brazil and Thailand, they've locked up 85% of all EV deliveries. Meanwhile, Volkswagen, BMW, and Mercedes-Benz are watching their market foothold evaporate in China, where German OEMs had
EVs
EV safety and Model Y door handles under the microscope
Electric vehicle safety has been put to the test in a new range of safety trials by the Insurance Institute for Highway Safety. The results from IIHS, published earlier this month, showed that the seven electric vehicles tested for safety were found to provide both high-quality protection for the driver and decent protection for rear passengers, with some differentials appearing across the vehicles for the latter. The 2025 BMW i4, Chevrolet Blazer EV, Ford F-150 Lightning, Nissan Ariya, Tesla Cybertruck, Tesla Model 3 and Volkswagen ID.Buzz were the vehicles selected for the series of tests. The IIHS, an independent non-profit organisation, found that the i4, Blazer EV, Cybertruck and ID.Buzz all earned a top rating of “good” when it came to rear passenger protection, while the Ford F-150 Lightning and Nissan Ariya were the worst performing and scored a rating of “poor”. This comes shortly after concerns were raised by both China and the United States about the safety of retractable Tesla door handles. The handles could be banned in China as soon as 2027, with a draft of the new national standard for car door handle safety published this week, which could see Tesla having to redesign all of its door release systems.

EVs
Reversing Tesla defies trend as mega-companies grow
The big kept getting bigger in the uppermost echelons of the corporate world in the last financial year, except for the world’s richest man. South Africa-born Elon Musk was facing the risk of having to return to the country of his birth as the value of his electric vehicle maker Tesla (NASDAQ: TSLA) dropped in the 2025 financial year, the latest data shows. Musk, who United States President Donald Trump has threatened to deport as the feud between the former political allies re-escalates, watched as Tesla’s market capitalisation fell by 8.3% to US$1.02 trillion (A$1.54 trillion), according to Reuters. He remains richer than anybody else with a fortune estimated at US$381 billion, based on his stakes in Tesla, SpaceX and xAI. NVIDIA (NASDAQ: NVDA) reclaimed its position as the world’s largest company based on market capitalisation as its shares rose 17% on surging demand for its computer chips which are used in artificial intelligence (AI) applications. NVIDIA was valued by the market at US$3.86 trillion at the end of June, outranking Microsoft (NASDAQ: MSFT) in second place at $3.69 trillion, and leaving Telstra trailing in 10th place.Source: ReutersBut it still falls short of Apple's (NASDAQ: AAPL) worth of about $
EVs
Tesla shares rebound but road ahead unclear
Investors pushed the Tesla gear shift back into drive to recover some of the losses sparked by the public spat between its CEO Elon Musk and United States President Donald Trump, but whether they have called a truce is in doubt. The share price of the vehicle (EV) and solar energy group rose US$10.44 or 3.67% to $295.14 (A$454 million) on Friday (Saturday AEST), ending a seven-day slump in which the price went into reverse amid concerns about what the feud could mean for the company. The shares suffered their biggest single-day drop on Thursday, erasing $152 billion of the company’s market value as the price slid 14%, in response to the war of words between the world’s richest man and its most powerful man. It began with Musk leaving the administration and criticising Trump’s controversial new tax and spending bill, but exploded into a public feud with Trump threatening to punish his former ally and adviser by ending government contracts and subsidies for Tesla and Musk’s SpaceX (Space Exploration Technologies Corp). Musk raised the stakes by threatening to decommission SpaceX spacecraft used by the National Aeronautics and Space Administration (NASA), calling for Trump’s impeachment and linking him with notorious sex
EVs
Australia's Tesla sales surge despite a global downturn
Despite plummeting sales in Europe and the United States, Tesla sales have surged in Australia, with record demand for the Model Y in May. The company reported that there were 3,897 vehicle deliveries in May, which is the highest it's been in nearly 12 months. Updated Model Y Sales grew 122.5% from May 2024 with 3,580 units sold. Total deliveries were also up 9.3% year-over-year despite a 48.2% year-to-date decline. They have also surged 675% from when Tesla sold only 500 EVs in April, according to the Australian Electric Vehicle Council. This follows Tesla's poorest Australian performance of the year in April. While there was a massive rebound in May, the company’s total sales in the country remain 48.2% down year-to-date compared to the same time last year. Despite the latest Australian rebound being meaningful locally, Counterpoint Research associate director Liz Lee told CNBC it does not signify a broad global recovery. “Tesla’s strong sales growth in Australia this May is an encouraging sign, driven almost entirely by strong demand for the updated Model Y,” Lee said. “But globally, Tesla is still facing headwinds.” Much of the damage to the Tesla brand came after Musk pulled back from the EV manufac
EVs
Tesla recalls almost all Cybertrucks for panel fault
Tesla has recalled almost all of its Cybertrucks in the United States due to a defect in an exterior trim panel. More than 46,000 Cybertrucks will be recalled, according to Tesla’s filings with the National Highway Traffic Safety Administration. The exterior cant rail panel can become unglued and detach from the car. “The cant rail assembly is affixed to the vehicle with fasteners. On affected vehicles, the cant rail stainless steel panel may delaminate at the adhesive joint, which may cause the panel to separate from the vehicle,” Tesla said in its safety recall report. “If the cant rail stainless steel panel separates from the vehicle while in drive, it could create a road hazard for following motorists and increase their risk of injury or a collision.” The recall impacts all U.S. Cybertrucks made from 13 November 2023 to 27 February 2025. Production on the Cybertruck began in November 2023, and the vehicle is only available in the U.S., Mexico, and Canada. Around 1% of these Cybertrucks would include the cant rail defect, Tesla estimated. The company said 151 warranty claims had been linked to the defect, although it had not identified any collisions or injuries it may have caused. The company plans to replace