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Iran’s President-elect Ebrahim Raisi attends a news conference in Tehran, Iran June 21, 2021.
Majid Asgaripour | WANA News Agency | Reuters

U.S. officials say they are still trying to determine exactly what’s happening, but numerous reports say there’s potentially one hijacked ship in the Gulf of Oman and the status of several others is unclear.

The situation occurred as tensions between the West and Iran have been rising, and as the U.S. and other world powers have been trying to reach a new deal with Iran over its nuclear program.

At a briefing, U.S. State Department spokesman Ned Price said “we are aware of the reports of a maritime incident in the Gulf of Oman. We are concerned. We are looking into it.”

Price said this was part of a disturbing pattern of belligerent behavior from Iran “including belligerents in the maritime domain.”

Price was referring to what military experts call a drone attack against a ship last week that killed a British crew member and a Romanian crew member aboard the ship Mercer Street.

Other U.S. officials say the situation is moving quickly, but it appears armed Iranian gunmen had boarded the seized tanker.

The incident has not moved oil prices, yet anyway. West Texas Intermediate crude futures for September settled down nearly 1% at $70.50 per barrel but they were off the lows of the day after the reports.

Lloyds List reported that the Panamanian flagged Asphalt Princess was the ship that was reportedly seized by armed men. The British navy earlier Tuesday had warned of a “potential hijack” in the Gulf of Oman, and the British military’s United Kingdom Maritime Trade Operations warned ship operators that “an incident is currently underway” off of Fujairah, according to news reports.

Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates.
ATTA KENARE | AFP | Getty Images

The Associated Press had reported that at least four ships off the coast of the United Arab Emirates broadcast warnings Tuesday that they had lost the control of their steering. The four vessels were identified as Queen Ematha, the Golden Brilliant, Jag Poofa and Abyss, according to the AP, citing MarineTraffic.com.

Helima Croft, a former CIA analyst who heads global commodities strategy for RBC, said the activity is alarming and it appears to have been some sort of action that involves the Islamic Revolutionary Guard. The IRGC is a powerful military force that Iran wields separately from the standard Iranian armed forces and it reports directly to the Ayatollah.

“It is alarming given the fact we had two fatalities on Friday,” she said. “You have to put it in the context of Iran continuing to make progress on the nuclear restart against the backdrop of a new hardline government coming to power in Tehran. It raises the risk of unintended escalation, or one side not appreciating the other’s red lines.”

This is all happening amid stalled nuclear talks between Iran and major international powers. At the same time, a new hardline president, Ebrahim Raisi, took over as of Tuesday. In the past several days he’s increased the rhetoric against the United States calling the U.S. “tyrannical.”

“We will not tie the economy to the will of foreigners,” Raisi said.

Croft said the best window for Washington to get a deal done with Iran has probably passed, now that a new government is in place.

“The fact we are now dealing with a different negotiating team in and of itself would signal the process would be more protracted,” she said. “If you add the maritime security incidents … that makes it a much bigger hill to climb to get back into the deal.”

Croft said Iran may be using a hardline stance to try to push Washington into a deal. “The Iranians may be calculating if you raise the temperature enough, Washington will fold because Washington does not want a military operation in the Middle East,” she said.

Croft said the market is singularly focused on the potential of a renewed economic slowdown and drop off in oil demand due to the breakout of the delta variant of Covid.

The escalation of tensions makes it less likely a deal will be struck soon, meaning Iran’s oil will not be back on the market. But if the tensions escalate and the activity disrupts the oil market that would impact prices.

“If we see real signs of a disruption in production or delivery the market will move very quickly,” she said.

Alireza Nader, a senior fellow at Foundation for Defense of Democracies, says the Iranian attacks on international shipping shows the policies of the Biden administration aren’t working. 

“The U.S. obsession with keeping the nuclear agreement alive at all costs incentivizes the regime in Iran to take more aggressive actions against US interests without fear of punishment,” Nader said in an interview with CNBC Tuesday.

Despite an increase in tensions, Again Capital’s John Kilduff, who watches the oil market closely, said “there’s not enough here yet for me to be convinced, the market isn’t getting excited yet.”

Kilduff does believe however “the Islamic Revolutionary Guard is clearly ascendant and they have a lot of power to cause a lot of disruption.”

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Check out Kia’s upgraded EV6 GT, spotted in the US for the first time in matte blue [Video]

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Check out Kia's upgraded EV6 GT, spotted in the US for the first time in matte blue [Video]

Kia’s fastest car (EV or gas) is getting a major upgrade. The new Kia EV6 GT was spotted in the US for the first time, and it looks like a drastic improvement from the already sporty EV. Check out Kia’s new EV6 GT in matte blue.

With a starting price tag of just over $60,000, the EV6 GT (see our review) is one of the most affordable electric sports cars on the market.

With up to 576 hp and 545 lb-ft of torque, Kia’s EV can accelerate from 0 to 60 mph in just 3.4 seconds. The EV6 GT is not only Kia’s most powerful vehicle so far, but it’s also among the fastest cars from any automaker, including gas-powered ones.

Kia put its top performer up against a Ferrari Roma and Lamborghini Huracan Evo Spyder RWD to prove it. An independent test by AMCI confirmed the electric sports car “out-accelerated” the iconic sports cars.

Now, Kia’s EV6 GT is getting even more powerful, dynamic, and sporty. Kia launched the upgraded model in Korea in late November, starting at just over $50,000 (72.2 million won).

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Kia EV6 GT refresh (Source: Kia)

Kia’s new EV6 refresh debuted in the US at the LA Auto Show in November. It now has even more driving range, faster charging, and a slick new look. It even includes an NACS port for charging at Tesla Superchargers. The new GT trim boasts up to 641 hp (478 kW) and 568 lb-ft (770 Nm) max torque, which is good for a 0 to 62 mph (0 to 100 km/h) sprint in just 3.5 seconds.

What to expect from Kia’s new EV6 GT in the US

Powered by Kia’s fourth-generation battery pack, the new EV6 GT has a driving range of up to 220 miles (355 km), up from 332 km (206 mi) in the outgoing model.

With deliveries approaching, the new EV6 GT was spotted in the US for the first time without any camouflage. The video from KindelAuto gives us a good look at what to expect from Kia’s sporty new EV. The most noticeable feature is the matte blue, which adds to the already sleek design.

Kia EV6 GT refresh spotted in the US (Source: KindelAuto)

You can see other upgrades immediately, like the redesigned front bumper and headlights. The rear bumper is wider with a wing-type design, while the 3-D taillights are based on Kia’s Star Map design.

It also pulls a fan favorite from Hyundai’s IONIQ 5 N with a new Virtual Gear Shift (VGS) feature. We caught it in action last month after a Korean YouTuber showed off how it works (see the video here).

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Kia upgraded EV6 GT interior in Korea (Source: Hyundai Motor Group)

Kia will build 2025 EV6 models, except the GT trim, at its Georgia assembly plant alongside the new EV9. The new model will be available in Light (RWD), Light Long Range (RWD or e-AWD), Wind (RWD or e-AWD), GT-Line (RWD or e-AWD), and GT (e-AWD) trims. It is expected to go on sale in the first half of next year.

With a larger 84 kWh battery pack, the refreshed EV has a range of 319 miles, up from 310 in the outgoing model.

Kia's-new-EV6-US
2025 Kia EV6 US-spec model (Source: Kia)

Kia also upgraded the interior with its new connected car Navigation Cockpit (ccNC) OS system, which features dual 12.3″ driver and infotainment screens in a curved display.

A Kia official said the upgraded model “will become a new standard that will change the paradigm of high-performance electric vehicles.”

Do you agree? Can it compete with top-of-the-line EV sports cars like the Tesla Model S Plaid or Porsche Taycan Turbo GT? It’s already about half the cost. In the comments below, let us know your thoughts on the upgraded EV6 GT.

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Tesla Cybercab spotted with steering wheel raises questions

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Tesla Cybercab spotted with steering wheel raises questions

A Tesla Cybercab, or Robotaxi, Tesla has been using the names alternatively, has been spotted with a steering wheel – raising questions.

Last year, Tesla unveiled the Cybercab, a two-seat steering wheel-less electric vehicle that the automaker claims will power a fleet of autonomous ride-hailing vehicles.

At the unveiling, Tesla gave some rides in the vehicle, but it was on a closed circuits on private roads with teleoperations. The vehicle didn’t display capabilities much more advanced than what it already deployed in customer vehicles.

Many industry watchers are skeptical about the vehicle because it relies on the same ‘Full Self-Driving (Supervised)’ technology in Tesla’s existing vehicles. However, Tesla is betting that it will be able to make it “unsupervised” by the time this vehicle gets into production in 2026 since it doesn’t have a steering wheel to be “supervised” like Tesla’s existing customer fleet.

As we have often reported, the only data available on Tesla’s Full Self-Driving program suggests that this is highly unlikely.

But now, a Tesla Cybercab has been spotted with a steering wheel at Gigafactory Texas:

The picture was taken by Joe Tegtmeyer, who often flies drones over Tesla’s Gigafactory Texas in Austin.

Some questioned whether the image showed a wheel or a shadow, but it becomes quite clear that it is a steering wheel when playing with image’s contrast and exposure:

This is raising some questions. Some are questioning if it means Tesla is also planning a consumer version of the vehicle with a steering wheel, but that sounds like wishful thinking as Tesla insisted that this vehicle will launch without a steering wheel.

The more likely explanation is that Tesla is using a steering wheel to test the vehicle with driver supervision, as its current technology relies on it. This also enables it to avoid some reporting regulations regarding autonomous driving test programs.

The sighting is also interesting with the context of Elon Musk’s recent claim that Tesla is conducting ‘unsupervised self-driving trials’ with employees.

We questioned this claim, which he made off the cuff when playing a video game, as Tesla has no autonomous driving test permit. It sounds like he either confused it with the supervised ride-hailing service for employees in the Bay Area announced last quarter or the limited testing with Cybercabs at Gigafafactory Texas’ private roads that we have seen before.

This Cybercab with a steering wheel could show that Tesla is actually conducting these trials supervised, which would make more sense.

What do you think? Let us know in the comment section below.

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BYD is about to open another massive EV plant overseas with 150,000 vehicle capacity

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BYD is about to open another massive EV plant overseas with 150,000 vehicle capacity

The world’s largest electric vehicle maker is becoming a force in the global auto market. BYD confirmed it’s on track to open another massive EV plant overseas by the end of 2025. The new facility in Indonesia will be able to produce 150,000 vehicles a year as BYD expands its overseas manufacturing footprint.

After selling a record over 4.27 million new energy vehicles (NEVs) last year, BYD is turning up the pressure in 2025.

Tesla topped BYD by about 25,000 units last year for the global EV sales crown. However, in terms of production, China’s leader sneaked past Tesla by about 4,500 vehicles to claim the title of “World’s largest EV maker” for 2024.

As a new wave of homegrown EVs arrives in China, BYD is focusing on overseas markets to drive growth in 2025.

After opening its first EV plant in Thailand last year, BYD confirmed another overseas manufacturing facility is on track to open by the end of the year. In a new interview with Reuters, Eagles Zhao, BYD’s president director in Indonesia, said the company is aiming to finish the $1 billion manufacturing plant in the region by the end of 2025.

“Every single progression of our local manufacturing is quite smooth and also on the track. We will keep our commitment, which is by end-2025,” Zhao said.

BYD-EV-plant-Indonesia
BYD EV models at a dealership in Indonesia (Source: BYD)

BYD to open new overseas EV plant in Indonesia in 2025

According to Zhao, BYD plans to use the new EV plant for exports as it aggressively expands into overseas markets.

Like its plant in Thailand, the new overseas facility will have a production capacity of 150,000 vehicles. Because of the $1 billion investment, BYD has been temporarily allowed to ship cars into Indonesia without an important tax.

BYD-EV-plant-Indonesia
BYD’s first EV manufacturing plant in Thailand (Source: BYD)

The move is part of Indonesia’s goal to build 600,000 EVs domestically by 2030. Like other Southeast Asian countries, Indonesia is introducing new policies to attract foreign investments and take advantage of the market’s shift to EVs.

BYD is already the leading EV maker in Indonesia, accounting for over a third (36%) of the market. According to the auto association, the EV giant sold nearly 15,500 vehicles last year, its first full sales year.

BYD-EV-plant-Indonesia
BYD global headquarters Indonesia (Source: BYD)

The company already sells several popular models in Indonesia, including the Seal, Atto 3, and Dolphin. Last summer, it launched its first electric multi-purpose vehicle (MPV), the M6. BYD said the M6 was already its best-selling vehicle last year. This week, BYD is introducing its luxury Denza brand.

According to Zhao, BYD will launch more vehicles in the region this year but didn’t say what models or how many to expect.

BYD-EV-plant-Indonesia
BYD dealership in Indonesia (Source: BYD)

Once construction is complete, Zhao expects production to begin shortly after. With new models arriving, BYD expects “rapid” sales growth in Indonesia this year.

Electrek’s Take

BYD’s rapid rise in the global auto market is already causing legacy automakers to scramble. For example, Japan’s Honda and Nissan are now teaming up as they struggle to keep pace with BYD and other Chinese EV makers.

Japanese car brands like Toyota and Honda have historically dominated Southeast Asia. Once representing over 90% of the market, Japanese automakers have watched their share of the “Detroit of Asia,” or Thailand, fall to just 76% over the past two years.

In fact, BYD sold more electric cars in Japan last year than Toyota, and 2024 was BYD’s first full sales year in Toyota’s home market.

BYD is quickly expanding the brand globally with new plants opening in Mexico, Brazil, Hungary, Turkey, and Pakistan.

Although BYD is best known for low-cost EVs like the Seagull and Dolphin, it is launching new models in just about every segment, including pickup trucks, smart SUVs, luxury models, and electric supercars.

One thing is for certain: BYD will continue to be a name to watch in 2025 as the company looks to maintain its impressive global sales run.

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