Carvana invested in EV startup Slate and acquired dealerships, signaling a strategy beyond backing one automaker. By combining online car sales, delivery infrastructure, and dealer status, Carvana could help new brands navigate U.S. dealership rules. The move suggests Carvana may be positioning itself as a retail platform for emerging automakers, not just a used-car marketplace.
Hon Hai’s Foxtron has unveiled the Cavira electric SUV, highlighting Foxconn’s move from electronics contract manufacturing into full vehicle production. The performance version reportedly accelerates from 0 to 100 km/h in 3.8 seconds, putting it in conversation with mainstream electric SUVs. Foreign media framed Cavira as a potential Tesla Model Y rival and a sign of Foxconn’s passenger EV ambitions.
The Vergecast discusses Ferrari Luce, Ferrari’s first electric vehicle and one of the year’s more surprising car debuts. The piece notes that most people will never own or even sit in one, but its unusual, distinctly un-Ferrari look makes it notable. Jony Ive’s involvement adds another layer of interest around design, technology, and luxury hardware.
Europe’s new-car market grew in April, supported by strong demand for electric vehicles. EV sales have now increased for 16 consecutive months, showing continued momentum in the region. Tesla sales jumped 40%, but BYD doubled sales and surpassed Tesla, highlighting the rapid expansion of Chinese EV brands in Europe.