Manufacturing Technology
Rivian & Lucid Drop, BYD Grows & Beats Tesla In Europe & TPG’s Infomedia Deal
Updated on Wed, Aug 6, 2025
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Over the past few years, electric vehicles (EVs) have become quite the topic of discussion.
It’s not just endless debates about whether or not they are good for the environment—customers are taking actions by opting to switch to cleaner, greener vehicles.
FYI, we carried out our own research and noted that while EVs may not be completely green, they are a lot greener than gasoline vehicles. Despite the increased carbon footprint accumulated during manufacturing, mining, recycling, and charging, EV lifetime emissions are lower. In the end, we believe the reduced GHG emissions, better energy efficiency, and reduced noise pollution make EVs the better choice.
Evidently, this is also what most people feel, as sales are soaring.
Even governments agree, as they introduce various tax breaks for such users, while increasing investment to improve infrastructure, specifically with charging stations.
Research firm Paren noted that the second quarter of 2025 saw rapid growth of the EV charging network, especially in the United States DC fast charging (DCFC) industry.
This included a record pace of deployment of new fast charging ports and stations is on a record pace, leading the group to forecast that by the end of 2025, the country could host 16,700 ports. This number represents about 2.4 times what it was in 2022.
Furthermore, if the U.S. keeps to this growth rate, the number of U.S. fast charging ports will go past 100,000 by 2027—4x 2022’s number, and 2x 2024’s. EV charging stations jumped from 10,761 in Q1 to 11,687 in Q2.
“U.S. DC fast charging stations are being deployed at a record pace, increasing in size (more ports) with higher-power chargers, seeing improved reliability, and more predictable pricing—great news for EV drivers,” said the Paren team, before delivering a warning: “However, in Q2 we saw declines in utilization at many stations, a result of factors including weather, seasonality, and deployment outpacing session demand.”
Meanwhile, recent developments have seen the current government announce the curbing of incentives and tax breaks for purchasing EVs. Soon, the $7,500 tax credits that customers were set to receive for buying or leasing EVs will no longer be an incentive by the end of September.
At least, that’s the plan as of now, as the government looks to push the faltering gas vehicle industry and boost fossil fuel production. It only gets harder when considering the high tariffs that are being imposed on the import of automobile parts, along with the removal of emission fines for gasoline automobile makers. Additionally, retaliatory moves from China come with the curbing of the export of heavy rare earth metals, many of which are key components for motors.
Of course, policies could be changed or deadlines extended. Until then, the EV industry in the U.S. is facing the burden of pushing sales, relying on a “limited time deal” marketing campaign, leveraging the impending tax credit curb.
However, its effects are being felt now, as EV automakers Rivian and Lucid revealed lower-than-expected quarterly earnings. This even saw Rivian’s shares fall by around 4% and Lucid’s drop 7%.
Rivian also noted an increase in the cost of revenue for each vehicle produced, rising around 8% to $118,375 per unit, when compared to a year earlier. It also expects its adjusted core loss to be between $2 billion and $2.25 billion, higher than the previously forecasted $1.7 billion to $1.9 billion.
Lucid avoided pitfalls from the rare earth metals supply fiasco by using magnets from a heavy inventory but fell prey to tariff-related cost increases that hit its profit margin. It even cut its annual production forecast.
Meanwhile, Tesla has been facing stiff competition, leading to dwindling sales across the globe.
The latest developments come from Europe, where Tesla noted a drop of 60% in the month of July in the United Kingdom, as compared to the same month of the previous year. In July 2024, the company sold 2,462 EVs—in July 2025, it sold 987 units.
Meanwhile, in Germany, the numbers for 2024 were around 1,722—and for 2025 were 1,110, marking a 55.1% drop.
All this came as the company and its CEO, Elon Musk, face a proposed class-action lawsuit from Tesla shareholders for hiding significant risks involved in its self-driving vehicles, accusing both of securities fraud.
There are no points for guessing which automaker stole the spotlight from Tesla in Europe.
Hint: it’s the one that’s causing Tesla problems globally.
BYD managed to sell 3,184 units in the U.K. in July—a number that’s over 4x what it was last year.
The company is firing on all cylinders (pun intended) as it enters new territory. BYD is now entering Indonesia’s low-cost EV segment by launching the Atto 1, which is alternatively known as the Seagull, Dolphin Mini, or Dolphin Surf, depending upon the region in question.
However, it’s the first time the model has entered an ASEAN (Association of Southeast Asian Nations) country.
The Atto 1 is expected to cost 195 million rupiah (around $11,921) and is slated for deliveries beginning in October.
In Australia, Tesla leads the charge with annual sales of 15,063 in comparison to BYD’s 10,087, according to The Driven.
The country has also become a popular destination for EV automakers and allied software companies.
Recently, Infomedia revealed that it has agreed to be acquired by TPG Capital Asia, the private equity arm of asset manager TPG that focuses on Asia.
Infomedia is a SaaS solution provider for the global automotive and motor service sector.
As per the agreement, Infomedia shareholders are set to receive $1.72 per share in cash, marking an over 30% premium on the company's closing stock price on August 5, 2025. This represents an implied equity value of AUD $651 million ($423 million) and an enterprise value of AUD $579 million ($376 million).
A day after the announcement, Infomedia’s shares soared almost 28% in early trading, reaching AUD $1.6875.
What do you think about the latest developments in the electric vehicle industry? Do you think Tesla will be able to make a comeback?
Let us know in the comments below!
It’s not just endless debates about whether or not they are good for the environment—customers are taking actions by opting to switch to cleaner, greener vehicles.
FYI, we carried out our own research and noted that while EVs may not be completely green, they are a lot greener than gasoline vehicles. Despite the increased carbon footprint accumulated during manufacturing, mining, recycling, and charging, EV lifetime emissions are lower. In the end, we believe the reduced GHG emissions, better energy efficiency, and reduced noise pollution make EVs the better choice.
Evidently, this is also what most people feel, as sales are soaring.
Even governments agree, as they introduce various tax breaks for such users, while increasing investment to improve infrastructure, specifically with charging stations.
Research firm Paren noted that the second quarter of 2025 saw rapid growth of the EV charging network, especially in the United States DC fast charging (DCFC) industry.
This included a record pace of deployment of new fast charging ports and stations is on a record pace, leading the group to forecast that by the end of 2025, the country could host 16,700 ports. This number represents about 2.4 times what it was in 2022.
Furthermore, if the U.S. keeps to this growth rate, the number of U.S. fast charging ports will go past 100,000 by 2027—4x 2022’s number, and 2x 2024’s. EV charging stations jumped from 10,761 in Q1 to 11,687 in Q2.
“U.S. DC fast charging stations are being deployed at a record pace, increasing in size (more ports) with higher-power chargers, seeing improved reliability, and more predictable pricing—great news for EV drivers,” said the Paren team, before delivering a warning: “However, in Q2 we saw declines in utilization at many stations, a result of factors including weather, seasonality, and deployment outpacing session demand.”
Meanwhile, recent developments have seen the current government announce the curbing of incentives and tax breaks for purchasing EVs. Soon, the $7,500 tax credits that customers were set to receive for buying or leasing EVs will no longer be an incentive by the end of September.
At least, that’s the plan as of now, as the government looks to push the faltering gas vehicle industry and boost fossil fuel production. It only gets harder when considering the high tariffs that are being imposed on the import of automobile parts, along with the removal of emission fines for gasoline automobile makers. Additionally, retaliatory moves from China come with the curbing of the export of heavy rare earth metals, many of which are key components for motors.
Of course, policies could be changed or deadlines extended. Until then, the EV industry in the U.S. is facing the burden of pushing sales, relying on a “limited time deal” marketing campaign, leveraging the impending tax credit curb.
However, its effects are being felt now, as EV automakers Rivian and Lucid revealed lower-than-expected quarterly earnings. This even saw Rivian’s shares fall by around 4% and Lucid’s drop 7%.
Rivian also noted an increase in the cost of revenue for each vehicle produced, rising around 8% to $118,375 per unit, when compared to a year earlier. It also expects its adjusted core loss to be between $2 billion and $2.25 billion, higher than the previously forecasted $1.7 billion to $1.9 billion.
Lucid avoided pitfalls from the rare earth metals supply fiasco by using magnets from a heavy inventory but fell prey to tariff-related cost increases that hit its profit margin. It even cut its annual production forecast.
Meanwhile, Tesla has been facing stiff competition, leading to dwindling sales across the globe.
The latest developments come from Europe, where Tesla noted a drop of 60% in the month of July in the United Kingdom, as compared to the same month of the previous year. In July 2024, the company sold 2,462 EVs—in July 2025, it sold 987 units.
Meanwhile, in Germany, the numbers for 2024 were around 1,722—and for 2025 were 1,110, marking a 55.1% drop.
All this came as the company and its CEO, Elon Musk, face a proposed class-action lawsuit from Tesla shareholders for hiding significant risks involved in its self-driving vehicles, accusing both of securities fraud.
There are no points for guessing which automaker stole the spotlight from Tesla in Europe.
Hint: it’s the one that’s causing Tesla problems globally.
BYD managed to sell 3,184 units in the U.K. in July—a number that’s over 4x what it was last year.
The company is firing on all cylinders (pun intended) as it enters new territory. BYD is now entering Indonesia’s low-cost EV segment by launching the Atto 1, which is alternatively known as the Seagull, Dolphin Mini, or Dolphin Surf, depending upon the region in question.
However, it’s the first time the model has entered an ASEAN (Association of Southeast Asian Nations) country.
The Atto 1 is expected to cost 195 million rupiah (around $11,921) and is slated for deliveries beginning in October.
In Australia, Tesla leads the charge with annual sales of 15,063 in comparison to BYD’s 10,087, according to The Driven.
The country has also become a popular destination for EV automakers and allied software companies.
Recently, Infomedia revealed that it has agreed to be acquired by TPG Capital Asia, the private equity arm of asset manager TPG that focuses on Asia.
Infomedia is a SaaS solution provider for the global automotive and motor service sector.
As per the agreement, Infomedia shareholders are set to receive $1.72 per share in cash, marking an over 30% premium on the company's closing stock price on August 5, 2025. This represents an implied equity value of AUD $651 million ($423 million) and an enterprise value of AUD $579 million ($376 million).
A day after the announcement, Infomedia’s shares soared almost 28% in early trading, reaching AUD $1.6875.
What do you think about the latest developments in the electric vehicle industry? Do you think Tesla will be able to make a comeback?
Let us know in the comments below!
First published on Wed, Aug 6, 2025
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