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Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban during their joint press conference at the Kremlin on July 5, 2024.

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Russia’s allies in Eastern Europe say Brussels plans to end all Russian gas and energy imports in the coming years are tantamount to “economic suicide” and a threat to the region’s energy security and economy.

The European Commission announced plans on Tuesday to phase out Russian gas, nuclear energy and liquefied natural gas (LNG) imports by the end of 2027, saying the move “paves the way to ensure the EU’s full energy independence from Russia.”

Russia’s invasion of Ukraine in 2022 prompted the EU to ban most seaborne imports of Russian oil, coal and refined petroleum products, but reducing gas flows has proved more difficult. In 2024, almost 19% of the EU’s gas and LNG imports still came from Russia, according to data from the European Commission, although that’s down from 2021 when 45% of the region’s gas came from the major oil and gas exporter.

The EU’s latest proposals have already prompted a furious response from eastern European nations which have traditionally been more reliant on cheaper energy supplies from Russia, and which repeatedly warn of higher energy prices for consumers as a result of banning such supplies.

Slovakia and Hungary, whose governments have maintained warm ties with Moscow despite the war in Ukraine, described the EU’s latest plans as a “serious mistake” that would harm the region.

“We recognize the strategic goal of reducing energy dependence on third countries, and Slovakia is ready to work on this together with the European Union but … this is simply economic suicide to agree that neither gas, nor nuclear, nor oil [can be imported from Russia], that everything must end just because some new Iron Curtain is being built between the Western world and perhaps Russia and other countries,” Slovakian Prime Minister Robert Fico said Wednesday, in comments reported by Slovak news agency TASR and translated by Google.

In this pool photograph distributed by Russian state agency Sputnik, Russia’s President Vladimir Putin shakes hands with Slovakia’s Prime Minister Robert Fico prior to their talks in Moscow on Dec. 22, 2024.

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Hungarian Foreign Minister Péter Szijjártó said Wednesday that the EU’s proposals were “politically motivated” and a “serious mistake.”

“It threatens energy security, drives up prices and violates sovereignty. They want us to bear the cost of their reckless support for Ukraine and its rushed EU accession. We firmly reject this,” the minister commented on X.

Both Hungary and Slovakia have pushed back against previous EU initiatives to cut energy ties with Moscow, instead opting to maintain supplies amid fears of mounting energy costs at home.

Both have also been vocally critical of giving more military and financial assistance to Ukraine and have previously threatened refused to back the EU’s regular extensions of sanctions against Russia. Both looked to extract concessions from the bloc before approving their renewal, most recently in March.

In announcing its latest plans to distance itself from Russia, the EU said Tuesday that its “roadmap” to phasing out all Russian energy imports would first introduce a ban on all imports of Russian gas (both pipeline and LNG) under new contracts and existing spot contracts, which would take effect by the end of 2025, before all remaining imports are phased out by the end of 2027.

The Commission’s legislative proposals, to be presented in June, will require approval from the European Parliament and a qualified majority of member states, meaning the plans cannot be vetoed by just a few countries.

“We can adopt it without unanimity,” European Commissioner for Energy Dan Jorgensen said in a press conference Tuesday, adding, “I hope that everybody will vote for it, obviously, but if they don’t, that is also ok, that is also part of the European Union that sometimes the majority makes decisions when necessary.”

He added that the bloc was currently in an “unacceptable situation” in which it was dependent on a Russian state and leader, President Vladimir Putin, who had “chosen to weaponize energy.” He added that importing Russian gas had indirectly helped to fill the Kremlin’s “war chests” to continue its war against Ukraine.

The Commission said in its statement Tuesday that it envisaged a “gradual and well-coordinated” approach across bloc, with member states being asked to prepare national plans by the end of this year “setting out how they will contribute to phasing out imports of Russian gas, nuclear energy and oil.” It’s uncertain whether Slovakia and Hungary will accede to the request.

CNBC has asked the Kremlin for a response to the EU’s proposals and is awaiting a reply.

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This top-selling Chinese EV pickup is going global and it’s a beast

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This top-selling Chinese EV pickup is going global and it's a beast

The Radar R6 was China’s first mass-market 100% electric pickup. Now, it’s rolling out overseas into new markets. The R6 is already the top-selling EV pickup in China, but will it win over buyers in global markets?

This Chinese EV pickup is headed for new global markets

Volvo owner, Geely, launched Radar in 2022, claiming it’s “China’s first pure electric outdoor lifestyle brand.” A few months later, it launched its first vehicle, the Radar R6, starting at about $25,000 (178,800 yuan)

The R6 is a fully electric pickup based on Geely’s SEA platform, which underpins Volvo’s electric minivan, the EM90, sold in China.

It’s available with three battery pack options: 63 kWh, 86 kWh, and 100 kWh, for a CLTC range of up to 392 miles (632 km).

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Over the last two years (2023 to 2025), Radar R6 was China’s top-selling electric pickup, accounting for over 50% of the market. Following its success, Geely began exporting models to new markets like Thailand under the name Riddara.

Riddara is now sold in over 50 countries and regions, including parts of Europe, the Middle East, Asia, Central, and South America.

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Riddara RD6 electric pickup (Source: Riddara)

“In 2025, Geely Riddara will enter a new phase of global cooperation,” the brand’s CEO, Mr Ling Shiquan, said during a conference earlier this year.

The rugged EV brand plans to expand in growing markets like Thailand, Saudi Arabia, and Brazil, aiming to sell 30,000 models with “NEV pickup market leadership in every region.” Most recently, Geely signed a deal with Capital Smart Motors (CSM) to sell the EV pickup in Pakistan.

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Riddara RD6 EV pickup on display at the Bangkok International Motor Show 2025 (Source: Riddara)

Radar claims the R6 (RD6) is “more than just a pickup” with the unique ability to drive like an SUV. The global version is available in rear and all-wheel-drive powertrains.

The more powerful AWD variant features up to 6,600 lbs (3,000 kg) towing, 32.1″”wading, and a 4.5-second acceleration from 0 to 100km/h (0 to 62 mph).

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Riddara RD6 interior (Source: Riddara)

To give you a comparison, the Tesla Cybertruck AWD model has a 325-mile (EPA) range, 11,000-lb towing capacity, and a 0 to 60 mph time of 4.1 seconds.

In China, Radar launched a cheaper electric truck, dubbed King Kong. It starts at 99,800 yuan, or around $13,700. It’s available in RWD and AWD powertrains and has a CLTC range of up to 375 miles (605 km).

Would you buy Radar’s (Riddara) electric pickup for around $25,000? Let us know what you think of it in the comments below.

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Kia EV5 spotted with a few upgrades for the first time ahead of its global launch

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Kia EV5 spotted with a few upgrades for the first time ahead of its global launch

It’s about the size of the Tesla Model Y. The EV5 is already a hit in China. Now, Kia is about to launch the global model. With its official debut coming up, Kia’s electric SUV was spotted for the first time with a few noticeable upgrades.

Meet the new electric SUV

Kia first unveiled the EV5 at the Chengdu Motor Show in 2023. A few months later, the electric SUV officially went on sale in China, starting at just over $20,000 (149,800 yuan).

The EV5 is 4,615 mm long, 1,875 mm wide, and 1,715 mm tall, or roughly the same size as the Tesla Model Y (4,750 mm long, 1,978 mm wide, 1,624 mm tall). It’s also significantly cheaper in China. The new Model Y starts at 263,500 yuan ($36,500).

Kia’s base model has a CLTC range of 329 miles (530 km) from a 64.2 kWh BYD Blade battery. The longer-range model gets up to 447 miles (720 km) from an 88.1 kWh battery.

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In comparison, the new Tesla Model Y has a CLTC driving range of up to 368 miles (593 km). The Long-range AWD model starts at 313,500 yuan ($43,400) and has a range of up to 447 miles (719 km).

The EV5 is already leading Kia’s comeback in China. Last year, Kia sold over 200,000 vehicles for the first time in four years, ranking first among joint venture brands. The electric SUV was one of the main growth drivers.

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Kia EV5 battery options and range (Source: Kia)

When will Kia launch the EV5 global model?

Kia launched the EV5 in several global markets last year, including Australia and New Zealand. Recent sales figures from TheDriven show that the electric SUV was the fourth top-selling EV in Australia through April, with 1,509 units sold.

Through the first four months of 2025, the EV5 trails only the Tesla Model Y (3,394), Model 3 (2,266), and MG MG4 (1,698) through April. However, these models are made in China and exported by Kia’s joint venture, Yueda Kia Motors.

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Kia EV5 China-spec (Source: Kia)

Kia is preparing to launch production of the global version of the EV5 later this year at its Autoland Gwangju manufacturing plant in South Korea.

According to TheKoreanCarBlog, it will be the first exclusive electric car built at the facility, codenamed “OV1” internally.

With mass production scheduled for the third quarter of 2025, we are finally getting our first look at the Kia EV5 global model. New images from Autospy reveal several noticeable upgrades from the current version built in China.

Despite the camouflage, you can see a few updated design elements, including alloy wheels, pulled from Kia’s new EV6 and EV9.

The interior has been refined with an updated center console to attract buyers outside of China. You can also expect to see Kia’s latest ccNC infotainment system with dual 12.3″ navigation and driver display screens in a panoramic curved setup.

It will also drop the lower-cost LFP battery in favor of a higher-density NCM option, which could raise prices in other markets.

Kia will launch the EV5 global version in new markets, including South Korea, Europe, and Canada. Sadly, it’s not expected to arrive in the US.

The company confirmed earlier this year that the EV5 will be “exclusively for the Canadian market” in North America. It will be sold with FWD and AWD powertrains and two battery sizes: 60.3 kWh or 81.4 kWh, offering up to 500 km (310 miles) range.

What do you think of Kia’s electric SUV? Would you buy one over the Tesla Model Y? Let us know in the comments below.

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Tesla loses head of India just as it is rumored to finally enter the market

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Tesla loses head of India just as it is rumored to finally enter the market

Tesla (TSLA) has lost its head of the Indian market just as the automaker is rumored to finally enter India after several false starts.

Tesla has been trying to enter the Indian automotive market for years, but it has been unable to circumvent the country’s protectionist efforts, which include high import duties on foreign vehicles.

The Indian government wanted Tesla to build a factory in the country, but the automaker preferred to first establish a market in the country through imported vehicles before investing in a manufacturing facility in the country.

Last year, we reported that India finally reached a compromise on its import duties on cars, opening the door for Tesla and other EV automakers to launch in the country.

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The deal involves significantly reducing import duties for a limited number of electric vehicles as long as the automaker makes a significant investment and commitment to build an electric vehicle factory in India in the coming years.

It looked like Tesla had a hand in making that deal happen, considering the automaker was working closely with the government, and there were indications that Tesla would take them up on the deal.

However, it has been more than a year since India announced the program, and Tesla has yet to take them up on it.

Tesla did make moves toward entering the Indian market. It started hiring service and sales staff earlier this year and considered locations in New Delhi and Mumbai.

The automaker also tested some of its electric vehicles in India, but that also happened years ago, when Tesla was first supposed to enter the Indian market, and it didn’t happen.

We have been burned before. We will believe Tesla’s entry into the Indian market when it finally happens.

If it is happening, it’s not off to a good start as Tesla has reportedly lost its head of country in India, Prashanth Menon, just ahead of the supposed market launch.

Menon had been at Tesla since 2016. He held roles in business planning until 2021, when he was made head of Tesla in India.

Bloomberg now reports that Menon left and that Tesla’s Chinese team has been put in charge of the Indian market.

Electrek’s Take

At this point, I’m in the “I’ll believe it when I see it” phase of Tesla’s Indian market entry. It seemed to be on the verge of happening 2-3 times and never happened.

To be fair, it does look like this time is closer than ever, but then Tesla loses its country head, and it’s not like the timing for entering the Indian market looks great with the country seemingly being on the verge of a new war with Pakistan.

We will keep an eye on it.

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