The HyperCube utilizes advanced immersion cooling technology.
Sustainable Metal Cloud
The artificial intelligence boom is ramping up demand for more powerful processors as well as the energy needed to keep data centers cool.
That’s an opportunity for data center company Sustainable Metal Cloud, which operates “sustainable AI factories” made up of its HyperCubes in Singapore and Australia.
The HyperCubes contain servers fitted with Nvidia processors which are submerged in a synthetic oil called polyalphaolefin that draws heat away more efficiently than air. The company said its platform reduces energy consumption by up to 50%, as compared to traditional air cooling technology typically used in data centers.
“It enables high density hosting for GPUs. It enables the sort of hosting that we need to see for platforms like [Nvidia’s] Grace Blackwell,” said Tim Rosenfield, co-founder and co-CEO of Sustainable Metal Cloud, referring to the new generation of AI graphics processors Nvidia announced in March.
The Singapore-based firm also said its immersion cooling technology is 28% cheaper to install than other liquid-based solutions. The HyperCubes are designed to go into any data center and can be deployed in unused spaces within existing data centers.
Most data centers are not ready for liquid of any type, whether it is immersion or direct chip cooling. The market is figuring out the best way to employ this and I think there’ll be multiple ways.
Tim Rosenfield
Co-founder and co-CEO, Sustainable Metal Cloud
“Our solution being containerized means we can go anywhere very quickly. And we can open up new availability zones in response to demand from customers …,” said Rosenfield.
He said SMC is expanding into other markets like Thailand and India.
The firm already counts Nvidia and Deloitte among its major enterprise partners. SMC is a preferred cloud partner of Nvidia for compute and AI and offers GPU clusters designed by the chip giant. In July, SMC announced a partnership with Deloitte in which it will provide access to Nvidia’s GPU computing infrastructure for the consultancy’s clients to build AI applications.
Governments and businesses have rushed to capture the transformative impact of AI and data center demand has boomed as a result.
Sustainable Metal Cloud has received funding from Singapore state investor Temasek-backed ST Telemedia Global Data Centres, one of Asia’s largest data center operators.
SMC is currently raising $400 million in equity and $550 million in debt, with the funds going toward its data center expansion beyond Singapore, Bloomberg reported, citing people familiar with the matter.
Liquid cooling picking up pace
Technology companies are increasingly looking into liquid cooling for its data centers as increasing performance needs also ramp up overheating risks.
Traditionally, data centers have large aisles to allow cooled air to circulate as overheating can lead to equipment failure and downtime. In theory, liquid cooling should enable these facilities to pack more servers into their existing footprint.
Giordano Albertazzi, CEO of digital infrastructure provider Vertiv, told CNBC in June that liquid-cooling adoption could accelerate in 2024. Vertiv’s thermal management offerings include hybrid air- and liquid-cooling, as well as fully liquid-cooled data centers.
Servers are submerged in oil within container-like “hypercubes” to draw heat away efficiently.
Sustainable Metal Cloud
Supermicro CEO Charles Liang told CNBC in June that liquid cooling has greater power efficiency leading to better performance, less pollution and lower energy costs.
Despite the fanfare, challenges remain in deploying liquid cooling, according to SMC’s Rosenfield.
“Most data centers are not ready for liquid of any type, whether it is immersion or direct chip cooling. The market is figuring out the best way to employ this and I think there’ll be multiple ways,” said Rosenfield.
Vertiv’s Albertazzi said, “There is still a lot of air cooling that still happens in the data center and will continue to happen even in the full high-density AI data center.”
BYD’s cheapest EV in China just got even more affordable. After cutting prices this month, the BYD Seagull EV starts at just 56,800 yuan, or under $8,000.
BYD cuts Seagull EV price to under $8,000 in April
Despite an intensifying EV price war in China, BYD is cutting prices once again. The Chinese EV giant announced a new promotion this month across several Ocean Series models, including the Seagull.
The 2025 BYD Seagull EV is available starting at just 56,800 yuan ($7,800). The offer is for the non-Smart Driving Vitality Edition model, which usually starts at 69,800 yuan ($9,500).
After launching the new Seagull last year, BYD said the low-cost electric car officially opened “a new era of electricity being lower than oil.” Earlier this year, it upgraded most of its vehicles, including the Seagull, with its new “God’s Eye” smart driving system at no extra charge.
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BYD’s Seagull is offered in three trims in China: Vitality, Freedom, and Flying. It has two battery options, 30.1 kWh or 38.9 kWh, which is good for the 305 km (190 mi) and 405 km (252 mi) CLTC range, respectively.
BYD cuts vehicle prices in April 2025, including the Seagull EV (Source: BYD)
At just 3,780 mm long, 1,715 mm wide, and 1,540 mm tall, the Seagull is even smaller than the former Chevy Bolt EV (4,145 mm long, 1,765 mm wide, and 1,611 mm tall). It’s about the size of a Fiat 500e.
BYD Seagull EV (Dolphin Mini) testing in Brazil (Source: BYD)
The price cut comes as BYD’s sales continue surging. With another 377,420 new energy vehicles (EVs and PHEVs) sold last month, the Chinese automaker has now sold over one million NEVs in 2025.
BYD’s EVs accounted for 416,388 while PHEV sales reached 569,710, an increase of 39% and 76% from last year, respectively.
Perhaps even more importantly, BYD sold over 206,000 vehicles overseas in 2025, more than doubling from last year. The Seagull EV is also sold in other global markets like Mexico and Brazil as the Dolphin Mini.
Later this year, it will launch in Europe as the Dolphin Surf, with expected prices starting under £20,000 ($26,000). Although it may not be the cheapest EV, BYD’s executive vice president, Stella Li, recently told Autocar it will be “the best value” when it arrives.
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Prior to the launch, only a fully loaded $60,000 Launch Edition Model Y was available to order since January, and had been delivered since early March.
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Now, North American buyers are able to buy a much cheaper version of the new Model Y for $49,000.
Only the Model Y Long Range AWD is available for now, but that’s Tesla’s most popular model in North America.
At the time, we noted that this is a great demand test for Tesla in the US amid some critical brand issues due to CEO Elon Musk.
We only have a few metrics to track the demand of the new Model Y in the US:
Delivery timelines on new orders
Available inventory
Discounts/incentives
For most US zip codes tested by Electrek with different Model Y configurations (wheels and paint colors), Tesla quotes delivery within “1-3 weeks”.
But we also found several zip codes on both the West Coast and the East Coast where Tesla claims it can deliver the new vehicle “today”:
This would point to Tesla already having vehicles in inventory despite launching it just 4 days ago.
But Tesla is hiding the inventory.
If you search for Model Y in Tesla’s new inventory, you can’t find any in the US at the time of writing:
However, Tesla is showing some units in inventory to people configuring new Model Ys.
Some potential buyers are reporting that Tesla has a tab that pops up and directs them to some new inventory available (via TroyTeslike on Patreon):
This confirms that Tesla already has new non-Launch Edition Model Y in inventory available for sale in the US – pointing to Tesla having no backlog of demand for the new vehicle.
Electrek’s Take
This is much worse than I thought. I thought that Tesla would build a backlog of demand for the new Model Y in the US from people who didn’t want the fully loaded version, but it looks like that backlog lasted 4 days.
Of course, it’s all because of Tesla and Elon, and brand destruction.
Many people who invested in the stock market lost a lot of money over the last few weeks, and these people often happen to be people who buy new cars.
Now, the only thing left is for Tesla to start offering discounts and subsidies financing – the latter likely coming first, as it is already the case with new Model 3 orders in the US.
The good news for Tesla is that if Trump continues to crash the stock market, the Fed will likely have to reduce rates, making Tesla’s 0% financing cheaper to subsidize.
That’s a fun balancing act.
Either way, I wouldn’t be surprised to see Tesla offer incentives on the new Model Y in the US within the next 2 weeks – way ahead of schedule.
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The new and improved 2026 Kia EV9 and 2025 EV6 are eligible for the $7,500 federal EV tax credit, but one trim is excluded.
Do the Kia EV6 and EV9 qualify for the federal tax credit?
Kia’s first dedicated electric vehicle, the EV6, received some pretty major upgrades for its mid-cycle update this year.
The 2025 EV6 features a bigger battery providing more range (now up to 319 miles), a stylish interior and exterior redesign, and an NACS port for charging at Tesla Superchargers.
Kia’s first three-row electric SUV, the EV9, also has a native NACS charging port and will be the first model year to offer a high-performance GT trim.
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We got a good look at the EV9 GT at the LA Auto Show last year (check it out here). The sporty electric SUV boasts 501 hp, which is quite a bit more than the current GT-Line’s 379 hp. The added power is enough for the big-body SUV to move from 0 to 60 mph in just 4.3 seconds.
Although Kia America’s vice president of sales, Eric Watson, confirmed the EV6 and EV9 are now in “full-scale production” at its plant in West Point, Georgia, not all trims will qualify for the $7,500 federal tax credit.
According to CarsDirect, Kia told dealers that the 2025 EV6 and 2026 EV9 GT trims wouldn’t be eligible for the credit. A spokesperson said the exclusion is because Kia builds the EV6 GT and EV9 GT in South Korea, while all other trims are assembled in Georgia.
If Trump’s 25% tariff on South Korea is still in effect when the GT models launch in the US, it could create a significant price gap between trims.
Despite this, you will likely still be able to take advantage of the credit through leasing. Kia, like many, is passing the $7,500 on through lease cash, which can significantly cut monthly payments.
Kia will reveal more info, including prices, closer to launch. Check back soon. We’ll keep you updated with the latest.
With the new models arriving soon, Kia is offering clearance pricing on outgoing models. Monthly leases start as low as $179. You can use our links below to find deals on the Kia EV6 and EV9 near you.
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