Nio Plans First Hybrid Vehicle for International Markets, Skipping China
Chinese EV maker Nio is branching out into hybrids, with plans to launch its first hybrid model in 2026 exclusively for overseas markets. The surprising move comes as the company adapts to challenges in international markets, according to a Reuters…
China’s EV Market Surges as BYD Hits Record-Breaking Half Million Deliveries
Chinese electric vehicle stocks saw significant gains after industry leader BYD posted extraordinary October delivery numbers, backed by strong government incentives driving the sector’s growth, reports Bloomberg. Record-Breaking Performance BYD’s shares surged up to 5.6% in Hong Kong trading on…
EU Takes Bold Stand Against Chinese EVs with New Tariffs, Reshaping Global Market
The European Union has made a decisive move by implementing increased customs duties on Chinese-made electric vehicles, marking a watershed moment in the evolving trade relationship between the EU and China, according to AP News. This decision comes after failed…
Tesla Backs California’s Low-Carbon Fuel Policy Despite Trump’s Opposition
In a surprising move highlighting the complex interplay between business and politics, Tesla has joined forces with other major EV manufacturers to support California’s low-carbon fuel standard, according to Politico. Auto Industry Shows United Front Tesla, along with Hyundai, GM,…
Xiaomi’s SU7 Ultra Prototype Demolishes Nürburgring EV Lap Time, Signals New Era
In a stunning display of electric performance, smartphone giant Xiaomi’s SU7 Ultra prototype has shattered expectations at the legendary Nürburgring Nordschleife, reportedly completing a lap in just 6 minutes and 48.874 seconds, according to Xiaomi’s official announcement. Breaking Records Before…
BYD’s Global Expansion Defies US Tech Barriers as Chinese EV Giant Outpaces Tesla
In a striking demonstration of China’s evolving technological resilience, BYD has emerged as a global EV powerhouse, now selling more electric vehicles than Tesla Inc., while successfully navigating US trade restrictions through strategic international expansion. This development comes amid broader…
Major Setback for EV Chip Factory in Germany as Wolfspeed and ZF Hit Pause
A planned €3 billion ($3.2 billion) electric vehicle microchip factory in Germany has been put on hold, dealing another blow to the country’s EV manufacturing ambitions, according to The Guardian. Slowing EV Demand Cited as Key Factor The US-based Wolfspeed…
Autonomous EV Pods Could Revolutionize Public Transit, Says Khosla Ventures Founder
A groundbreaking vision for urban transportation using autonomous electric pods is gaining traction, according to Vinod Khosla, founder of Khosla Ventures, writing in the Financial Times. The Promise of Personal Rapid Transit The proposed system would use self-driving, electric PRT…
Tesla’s Blowout Earnings Crush Short Sellers, Adding $150B in Market Value
Tesla delivered a knockout punch to Wall Street bears, with short-sellers taking a massive $3.5 billion hit after the EV maker’s surprisingly strong earnings report, according to reporting from Bloomberg. Unexpected Triumph The electric vehicle giant defied expectations with a…
Mercedes-Benz EV Sales Plunge Amid Global Market Challenges
Mercedes-Benz is facing significant headwinds as it reports a dramatic drop in profits and EV sales for Q3 2023, according to a Financial Times report. EV Sales Take a Hit Pure electric vehicle sales plummeted 31% year-over-year in Q3, though…
Tesla CEO Declares End of Human-Driven Cars, Pushes Autonomous Future
Tesla’s CEO Elon Musk has made a bold prediction about the future of transportation, claiming that manually-driven vehicles will soon become as obsolete as horses, according to a report from Fortune covering Tesla’s third-quarter earnings call. The Death of Manual…
Ford CEO’s Bombshell: Chinese EVs Have Left U.S. Playing Catch-up
In a candid revelation that’s sending ripples through the automotive industry, Ford CEO Jim Farley has been secretly test-driving a Chinese-made Xiaomi electric vehicle – and his verdict is turning heads. The surprising admission came during an in-depth discussion on…
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