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Cargo Ship Sinking Sparks $560M Loss For Ev Industry

Cargo Ship Sinking Sparks $560M Loss for EV Industry

On June 3, 2025, the Morning Midas, a cargo ship carrying 3,048 Chinese vehicles, including 750 electric vehicles (EVs) and hybrids, caught fire and sank 20 days later, costing the industry an estimated $560 million, according to the Anderson Economic…

China’s Rare-Earth Restrictions Spark Ev Industry Crisis

China’s Rare-Earth Restrictions Spark EV Industry Crisis

China’s tightened export controls on rare-earth minerals, critical for electric vehicle (EV) production, have sent automakers and suppliers into a frenzy, with some factories facing potential shutdowns by mid-July 2025. Reuters reports that the restrictions, targeting elements like gallium and…

Byd Faces Heat: China Calls Out Ev Giants, Price War Warning

BYD Faces Heat: China Calls Out EV Giants, Price War Warning

Chinese authorities have called on major electric vehicle (EV) manufacturers, including BYD, to halt aggressive price wars that are threatening the industry’s stability, according to a recent meeting in Beijing. Reported by Bloomberg the Ministry of Industry and Information Technology…