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As we get ready to exit month two of 2025, the opportunities to test drive model-year BEVs are starting to arise. The most recent was a trim to Palm Springs, California, to test out the 2025 Hyundai IONIQ 5. This flagship BEV saw a mid- refresh for 2025, so I didn’t experience the most drastic of changes compared to previous versions. In the places where Hyundai did improve the IONIQ 5, however, I noticed savvy upgrades that took customer feedback into consideration and made an already high-quality BEV even better.

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Background on the Hyundai IONIQ 5 as we enter 2025

While the IONIQ 5 is not Hyundai’s first BEV, it will certainly go down as the flagship model of its bonafide transition into a fully electric brand. The IONIQ 5 was the first model from Hyundai Motor Group to arrive on its impressive E-GMP platform, featuring 800V architecture. Even just four years ago, in 2021, when the IONIQ 5 debuted, 800V technology seemed like overkill, as most public chargers couldn’t deliver that level of power.

However, Hyundai’s decision to invest in better technology from the start and deliver it to the masses at a reasonable price has paid dividends for its other brands, like Kia and Genesis. For example, HMG sold 742,000 vehicles in the US in 2024 and held 8.3% of EV market share in the US. It is now the second highest-selling EV brand in the US,the behind longtime leader Tesla. The South Korean brand has also seen record vehicle sales for four consecutive years.

Entering 2025, the IONIQ 5 has been a star in Hyundai’s lineup, achieving 44,000 units sold in 2024, up 93% from its 2022 launch and 31% year-over-year compared to 2023. I’ve personally been a huge fan of the IONIQ 5 since I first got eyes on it, and my love only grew when I got to do my first detailed walkthrough with the debut model at Hyundai’s US headquarters in Fountain Valley, California (check out that hair!)

Nearly four years later, Hyundai has delivered the 2025 IONIQ 5 as a mid-cycle refresh. The changes aren’t drastic, but they’re enough to garner a report back to you loyal readers to understand what’s different. Last week, I ventured out to Palm Springs, California, to take the 2025 IONIQ 5 and the new IONIQ 5 XRT out on the roads (and dirt) to see how it rides. I’ve shared my thoughts below.

The 2025 IONIQ 5 drives the same, which is still a win

As I mentioned above, the 2025 Hyundai IONIQ 5 is not that different on paper, but the automaker made some subtle changes that simply bolster an already impressive all-electric model. Like the versions that preceded it, the focus of the 2025 IONIQ 5 was a continued trend of innovative design, advanced capabilities led by new technologies, and uncompromising safety (HMG received the highest honors from the 2024 IIHS Awards with the Most Top Safety Pick and TSP+ titles of any auto manufacturer).

Hyundai’s head of exterior design, Brad Arnold, walked us around the outside of the new IONIQ 5, which, according to Arnold, had previously received so much praise about its design that his team didn’t change that much.

For example, the Hyundai design team enhanced the front, rear, and wheels to appear more robust and deliver more of a “CRV” look. This included a larger offset to the front and rear fascias (seen above). You customers spoke up and Hyundai heard you – the 2025 IONIQ 5 models now come with a rear wiper standard!

Last but not least, Hyundai added the NACS port to its 2025 model. This is the first non-Tesla model to hit the market with NACS, which has become the new US standard in charging ports. If your closest public charger only offers CCS, you’re still in luck, as Hyundai will provide customers with a complimentary adapter.

The rest of the changes pertain to the interior and the EV’s performance, so let’s take a trip inside.

2025 models deliver simplified interior, better performance

Moving inward, the center console features more physical buttons, including controls for components like heated seats and parking assist (see above). The HVAC controls have been simplified and Hyundai added two dials to the dashboard display for tuning and volume.

The infotainment has also been bolstered with faster CPU processing speeds and greater GPS accuracy. The interior cabin also features wireless Apple CarPlay and Android Auto capabilities, WiFi hotspot, and USB-C outlets.

2025 IONIQ 5 owners cal also utilize Hyundai Pay, which has been added to the infotainment and enables drivers to link a credit card to more seamlessly pay for things like parking and charging, all from the vehicle’s system. The new 2025 model also comes with Hyundai’s Digital Key 2 capabilities, which utilize Bluetooth in addition to previously equipped RFID technology.

There were also several additions to the 5’s ADAS, including haptic feedback, driver attention warnings, and some optional warning alerts. All that aside, a more notable upgrade in the 2025 IONIQ 5 models in the increase in range on all trims, thanks to larger battery packs and improved cell chemistry. See below:

Battery Type 2024 MY Battery Size 2025 MY Battery Size Variation
Standard Range 58 kWh 63 kWh +5 kWh
Long Range 77.4 kWh 84 kWh +6.6 kWh
Drive Type Trim MY 2024 Range MY 2025 Range Range Increase
AWD Limited 260 miles 269 miles +9 miles
AWD SE/SEL 260 miles 290 miles +30 miles
AWD XRT N/A 259 miles N/A
RWD SE / SEL / Limited 303 miles 315 miles +15 miles
RWD SE Standard Range 220 miles 245 miles +25 miles

The 2025 model year versions of the IONIQ 5 also offer some charging perks for future drivers, including the previously mentioned NACS plus, offering easier access to Tesla’s Supercharger network of over 17,000 plugs across the US. To begin, IONIQ 5 owners will need to use the Tesla app in order to take advantage of such public charging options; the automaker told us that Plug & Charge capabilities are in the works to arrive “in the coming quarters.”

Despite the 2025 models having larger packs, Hyundai’s improved battery chemistry enables even faster charge rates, at least for CCS plugs. For example, the 2025 IONIQ 5 can reach a peak rate of 257 kW at a the 350 kW charger, an improvement from 233 kW in previous model years.

While access to the Tesla network is a welcomed addition, those charge rates will initially dip in comparison because Tesla’s V3 Superchargers only offer peak rates of 135 kW, but should improve with the V4 chargers.

Charging Type Charger Standard Range
(63 kWh)
Long Range
(84 kWh)
DCFC (10-80%) NACS V3 (135 kW peak)  24 mins 31 mins
DCFC (10-80%) 50 kW CCS (w/ Adapter)  1 hour 1 min 1 hour 21 min
DCFC (10-80%) >250 kW CCS
(w/ Adapter – 257 kW peak) 
20 mins 20 mins
DCFC Miles in 15 Mins 350 kW CCS
(w/ Adapter / RWD Model) 
137.3 miles 178.1 miles
AC Level 2 (10-100%) North America 240V
(11 kW OBC) 
5 hours 40 mins 7 hours 20 mins

The 2025 IONIQ 5 is a familiar friend

Unlike most of my first-drive reviews, I don’t have that much to say about the overall drive of the 2025 model-year IONIQ 5 because it’s virtually the same BEV in terms of performance as a year ago, just with better range and potentially faster CCS charging speeds.

The IONIQ 5 was a familiar and welcomed ride when I got behind the wheel. If you’ve read my driving impressions before, you’ll know I am a stickler for regenerative braking and it’s one pedal driving all day for me. Hyundai’s i-Pedal always delivers the stiffness I need.

Cutting up and around at elevation above Palm Springs, I only had to hit the brake pedal once (I came in a little too hot following a straightaway). I love that. Hyundai has also implemented a new feature called Smart Regen System 2, which can be activated by holding the right paddle on the steering wheel and can automatically adjust regen levels using a radar sensor on the vehicle’s front.

Other than that, the 2025 IONIQ 5 remains a homerun of a BEV option with its E-GMP platform, a huge wheelbase (longer than the Hyundai Palisade) which offers a sneaky amount of interior space, and a smooth AWD ride. It’s not the most nimble of BEVs, but it’s’ still a blast to accelerate with and hit some winding curves whenever possible. It still handles quite well and helps you remain in control.

Sometimes, I wish it was tuned a little better, but Hyundai put all that effort into the IONIQ 5 N, another fantastic option in the IONIQ lineup. Overall, most of the updates to the 2025 IONIQ are cosmetic or include improvements to the battery. Still, for a mid-cycle refresh, its improvements are more than adequate and should help this model continue as a best-seller, furthering Hyundai’s clout as a blossoming leader in tech-forward BEVs while remaining relatively affordable.

The 2025 IONIQ 5 is available now and starts at an MSRP of $42,500 before taxes and fees.

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HEINEKEN is brewing beer with a massive 100 MWh heat battery

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HEINEKEN is brewing beer with a massive 100 MWh heat battery

Rondo Energy and energy producer EDP are installing a massive 100 MWh renewable-powered heat battery at HEINEKEN’s brewery in Lisbon, Portugal. The project will deliver round-the-clock renewable steam and reduce emissions without altering the facility’s beer brewing process.

Photo: Rondo

Brewing HEINEKEN with zero-carbon steam

The Rondo Heat Battery (RHB) will be the biggest deployed in the beverage industry worldwide. It can store electricity as high-temperature heat using refractory bricks, then convert that heat into 24/7 steam, all without burning fossil fuels.

At HEINEKEN’s Central de Cervejas e Bebidas Brewery and Malting Plant, the heat battery system will supply 7 MW of steam, powered by renewable electricity from onsite solar and the grid. That steam is identical to steam created by gas-fired boilers, but without the carbon pollution.

EDP is providing the renewable electricity and will deliver the steam directly to HEINEKEN via a Heat-as-a-Service model. Rondo is supplying the battery, and HEINEKEN gets to ditch fossil fuels without retooling its brewing process.

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Why this matters

This project is a big win for industrial decarbonization. High-temperature steam is one of the most complex parts of manufacturing to electrify, and the beer industry runs on it. HEINEKEN’s Lisbon site already uses solar panels for electricity and electric heat pumps for hot water, and this move helps it go even further.

It’s part of HEINEKEN’s “Brew a Better World” plan to hit net zero emissions by 2040 and decarbonize all of its global production sites by 2030.

Additionally, the deployment aligns with Portugal’s national target of reducing greenhouse gas emissions by 55% by 2030.

The bigger picture

With the European Investment Bank and Breakthrough Energy Catalyst backing this and other Rondo projects with €75 million in funding, this Lisbon installation is just the beginning. Rondo’s technology enables energy-hungry industries to switch from fossil fuels to renewable electricity without compromising 24/7 operations.

Rondo CEO Eric Trusiewicz sums it up: “We are thrilled to be installing our first Rondo Heat Battery in Iberia, and to support HEINEKEN to reach its goals. We look forward to helping industries across Iberia cut costs and carbon, and help Iberia capitalize on the opportunity.”


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Lucid (LCID) misses Q3 earnings estimates, but there’s some good news

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Lucid (LCID) misses Q3 earnings estimates, but there's some good news

Lucid Group (LCID) reported third-quarter earnings after the market closed on Wednesday, missing top and bottom-line estimates.

With 4,078 vehicles delivered in Q3, Lucid marked its seventh straight quarter with higher deliveries. Through the first nine months of 2025, Lucid delivered nearly 10,500 vehicles, more than the roughly 10,200 it handed over in 2024.

Although supply chain issues hampered production in the first half of the year, Lucid’s CEO Marc Winterhoff said the company made “significant progress ramping production of the Lucid Gravity through Q3,” including adding a second manufacturing shift at its Casa Grande, Arizona, plant.

Lucid produced 3,891 vehicles in Q3, missing estimates of around 5,600. With 9,966 EVs produced through the third quarter, Lucid will need to build over 8,000 more to meet its full-year production goal of 18,000 to 20,000.

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According to estimates, Lucid is expected to report an adjusted quarterly loss of $2.27 per share on revenue of $352 million in Q3 2025.

Lucid-Q3-2025-earnings
Lucid Q3 2025 production and deliveries (Source: Lucid Group)

Lucid Group Q3 2025 earnings breakdown

Lucid missed top and bottom-line estimates as it continues to address industry-wide supply chain issues that are hampering production of the Gravity SUV.

Although it missed estimates, Lucid reported Q3 revenue of $336.6 million, which is still up 68% from $200 million in the same period last year.

Lucid’s net loss narrowed to $978.4 million in the third quarter, or $3.31 per share, from $992.5 million, or $4.09 per share, in Q3 2024. On an adjusted basis, Lucid posted a loss of $2.65 per share.

Lucid-Q3-2025-earnings
Lucid Q3 2025 earnings (Source: Lucid Group)

In addition, Lucid said it agreed with Saudi Arabia’s Public Investment Fund (PIF) to increase the delayed draw term loan credit facility (DDTL) from $750 million to around $2 billion.

Given the increase, Lucid said total liquidity would have been around $5.5 billion at the end of Q3, up from the $4.2 billion it reported. Lucid ended the third quarter with $1.6 billion in cash and equivalents.

Lucid-mind-off-L4-EVs
Lucid’s midsize crossover SUV (left) and Gravity SUV (right) Source: Lucid Group

Lucid said liquidity is enough to fund it through the first half of 2027, up from the second half of 2026, as previously forecast. Lucid plans to launch production of its more affordable midsize platform in late 2026 with vehicles starting at around $50,000.

Lucid confirmed it was still on track to start production of the midsize platform later next year. However, given the supply chain issues, it now expects to hit the lower end of its production goal at around 18,000.

Lucid-Q3-deliveries-production
The Lucid Gravity debuts in Europe (Source: Lucid)

Winterhoff said the company “remains intensely focused on ramping up production and addressing the significant supply chain disruptions impacting the entire industry.”

Lucid is advancing other emerging tech, including autonomy and intelligent mobility. Through a new partnership with NVIDIA, Lucid aims to be among the first to offer Level 4 autonomous driving.

The third-quarter earnings miss comes after Rivian (RIVN) beat expectations this week, reporting higher revenue and improving gross margins.

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Robinhood doubles revenue as it beats third-quarter earnings expectations

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Robinhood doubles revenue as it beats third-quarter earnings expectations

Robinhood shares take a hit after reporting earnings beat, new CFO

Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year.

Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG:

  • Earnings per share: 61cents vs. 53 cents expected
  • Revenue: $1.27 billion vs. $1.19 billion expected

Revenue doubled year-over-year, while net income climbed to $556 million, or 61 cents per share, up significantly from the same quarter last year, when the company posted net income of $150 million, or 17 cents per share.

Transaction-based revenue, which is a proxy for trading activity, came in at $730 million, below StreetAccount’s $739 million estimate. 

“Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines — Prediction Markets and Bitstamp — that are generating approximately $100 million or more in annualized revenues,” finance chief Jason Warnick said in the release.

Robinhood is closing the gap with Coinbase as it pushes beyond retail trading into full-scale wealth management. The company has been aggressively offering deposit matches to lure clients from Fidelity and Schwab, and assets under management have grown with its TradePMR acquisition.

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Robinhood year-to-date stock chart.

Robinhood shares pop more than 4% in overtime on earnings beat

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