BMW Launched iX M60 Equipped 610Hp Motors With Range of 280 Miles   BMW is launching the all-electric SUV iX, and the automaker is offering it in just one trim: the xDrive50. With prices starting at $84,195, up to 516 horsepower and a range of...

Polestar Is Single 636hp Electric Powertrain Equipped With Two Speed Gearbox   Polestar, the new EV brand, is making impressive strides in its ambitious EV plans. Polestar is developing patented technology that will include a powerful electric...

NIO Inc. Launch New Mid-Size Sedan ET5   Electric vehicle maker NIO Inc held its annual "NIO Day" on December 18 in Suzhou, where the company unveiled its newest electric vehicle, the ET5 sedan. The ET5 is NIO's fifth consumer electric vehicle...

Toyota Plan $35 Billion by 2030 to Develop New Electric Vehicles   Toyota Motor Corp, which once saw hybrid powertrains as the future while the rest of the auto industry invested heavily in battery-powered vehicles (BEVs), is now fully electri...

Stellantis will Transform Chrysler into an All-Electric Brand in 2028   Chrysler will act as Stellantis' flagship electric charger brand. Stellantis announced plans to invest $ 35.5 billion in electric vehicles last year. Chrysler does not hav...

Hyundai Closes Combustion Engine Development as EV Transition Begins   Hyundai Motor Co quietly closed its engine development department at its R&D center on December 23. According to the Korean Economic Daily, the company will stop develo...

GM Extends Shutdown of EUV and Bolt EV Production   Automaker General Motors is in the early stages of its transition to electric vehicles with the launch of the Hummer EV, the Bright EV600 electric delivery van, and the Chevy Silverado E and ...

Tesla Sold 53,000 Made in China EV's in November   Tesla continues to ramp up sales of Chinese-made vehicles. The company sold 52,859 vehicles made in China in November, including 21,127 for export, according to the China Passenger Car Associa...

USD / JPY  Technical Analysis - Small Pivot at 108.851 Controls Price Action   The main trend is up according to the daily swing chart. Trading through 109.362 will signal the resumption of the uptrend. Trading down to 104,923 will revers...

The Continued Movement of Yuan Below 108,230 will be the First Sign of Weakness   The dollar/yen rise to its highest level since June on Friday as comments from Federal Reserve Chairman Jerome Powell and better-than-expected employment data in...

USD / JPY Analysis: Trading at 104.80   During the Friday morning hours, USD / JPY climbed to 104.80. The exchange rate is expected to rebound off the resistance of the weekly R3 and Fibonacci 23.60% in the 105.00 region. Note that the price m...

USD / JPY Forex Technical Analysis     Dollar/yen fell relatively slowly on Friday with most major traders on the sidelines due to the Christmas holidays. The price action over the past six sessions shows that the bears are taking a brea...