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/daily ·24 SEPT 2026 ·THURSDAY ·2 MIN READ ·5 STORIES

The Corolla goes electric, Bentley enters, VW cuts ICE

Toyota is electrifying the world's best-selling car, Bentley unveiled its first EV with 888 horsepower, VW is cutting combustion engine production shifts as its newer EVs outperform expectations, BYD may have arrived at solid-state, and Rivian telegraphs a sub-R2 price point.

01 / The Day

THURSDAY 24 SEPT 2026, ranked

05

Toyota is electrifying the Corolla

Toyota confirmed it is bringing a fully electric version of the Corolla to market — the first EV under the nameplate of the world's best-selling car. No specifications or launch date were disclosed, but the announcement marks a decisive shift from the automaker that has most visibly resisted full electrification.

  • The Corolla has sold more than 50 million units historically and remains the world's top-selling nameplate in multiple markets
  • Toyota's EREV announcement earlier this week and the Corolla EV news signal an accelerating electrification sweep across the full lineup
  • No price target disclosed; Toyota's budget EV in China is priced around $15,000
Why it mattersWhen the world's best-selling car goes electric, the mass-market volume calculus for the entire transition changes.

Bentley reveals Torcal: 888 PS, 375 miles, its first EV

Bentley unveiled the Torcal, its first fully electric vehicle — a large SUV delivering 888 PS (875 horsepower), approximately 375 miles of WLTP range, and 800V architecture for fast charging, packaged in a design that references the Continental Flying Spur lineage.

  • 375-mile WLTP range is among the highest in the ultra-luxury segment at launch
  • 800V architecture supports high-power DC charging; exact peak rate not yet confirmed
  • Torcal arrives as parent VW Group took a EUR 6B write-down on Porsche premium EV platforms last week
Why it mattersOne of the most heritage-committed luxury brands committing fully to electrification is a credibility signal that accelerates the entire premium-market shift.

BYD's new ultra-luxury coach-door EV may be its first solid-state-battery car

BYD unveiled a new ultra-luxury electric vehicle with coach doors positioned above its current flagship, and reporting indicates the car may use a solid-state battery pack — which would make it the first BYD production vehicle to do so if confirmed.

  • Coach-door configuration targets the ultra-luxury segment BYD has not previously addressed
  • Solid-state batteries in a production vehicle would put BYD ahead of all Western OEMs' confirmed public timelines
  • Specifications and pricing were not disclosed at the reveal event
Why it mattersIf BYD deploys solid-state batteries in a production vehicle before 2027, it closes the timeline gap that competitors have been counting on to catch up.

Volkswagen is cutting ICE production shifts as its EVs outperform

Volkswagen confirmed it is reducing shifts at internal combustion engine plants in response to stronger-than-expected demand for its newer EV models in Europe — a reversal of the narrative that followed the company's EUR 6 billion Porsche EV write-down just last week.

  • Shift reductions are at ICE powertrain lines, not vehicle assembly — targeting engine production specifically
  • Demand drivers are the new ID. Cross and ID. Polo, both launched at more accessible price points
  • ICE production cuts come within a week of the EUR 6B write-down, highlighting divergence across VW Group brands
Why it mattersA legacy automaker actively cutting combustion production capacity because EV demand exceeded expectations is a different story from projections — it has happened.

Rivian R3 will be materially cheaper than R2 — R4 goes lower still

Rivian CEO RJ Scaringe confirmed the upcoming R3 crossover will be materially cheaper than the R2 SUV, with the R4 positioned below even that — signalling that Rivian intends to build a genuine mass-market lineup from a company that started in the premium segment.

  • Materially cheaper implies a price gap beyond typical variant pricing; the R2 was expected around $45,000
  • The R4 is a fourth product in development for a company that has only recently started scaling its first two
  • Rivian's Normal, Illinois factory cost curves depend on volume — these targets require it
Why it mattersA credible Rivian in the sub-$35,000 range changes the accessible EV lineup in the US in a way no other American brand currently can.
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