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EV Giant Nio Plans Drastic Job Reductions Amid Rivalry
NIO

NIO Slashes R&D Costs by 25% to Drive EV Break-Even in 2025

Chinese electric vehicle (EV) manufacturer NIO Inc. is making bold moves to achieve financial stability, announcing a significant reduction in research and development (R&D) spending as part of its strategy to reach break-even by the fourth quarter of 2025. The company revealed this plan during its latest earnings call, aiming to cut R&D expenses by…

Tesla

DHL Teams Up with Daimler Truck and hylane for Electric Truck Rental in Green Logistics Push

DHL announced a partnership with Daimler Truck and hylane GmbH to rent 30 electric Mercedes-Benz eActros 600 trucks for parcel transport in Germany, a move aimed at cutting CO₂ emissions in heavy freight. Reported by Reuters, this deal marks a step toward sustainable logistics, with deliveries expected by the end of Q2 2026. Advancing Electric…

Trouble in Tesla Town: Unveiling Model Y's Glitches Model Y. Photo courtesy of Tesla, Inc.
Tesla

Tesla Sales Drop in Spain and Portugal as Chinese EV Brands Surge

Tesla’s new car sales in Spain and Portugal took a significant hit in May 2025, dropping sharply from the same month in 2024, while other electric vehicle (EV) brands, particularly from China, saw impressive gains. According to industry data released by ANFAC and ACAP, this decline highlights growing challenges for Tesla in Europe amid rising…

Tesla

ARK Invest Sells Tesla Shares Ahead of Robotaxi Launch in June 2025

ARK Investment Management, led by renowned investor Cathie Wood, has sold off a significant portion of its Tesla stock just weeks before the electric vehicle (EV) giant launches its much-anticipated robotaxi service in Austin, Texas. This move, detailed in a recent Barron’s report, comes as Tesla prepares to roll out on-demand rides using its self-driving…

Tesla

India Finalizes EV Policy, but Tesla Hesitates at Local Production Plans

India has rolled out its new electric vehicle (EV) policy aimed at attracting global automakers with reduced import taxes, but Tesla is showing reluctance to set up local manufacturing, a federal minister revealed. This development, reported by Reuters, could reshape the EV landscape in the world’s third-largest car market, where players like Mercedes-Benz and Hyundai…

Tesla

Tesla’s Sales in Norway Surge 213% in May, Driven by Model Y Demand

Tesla’s electric vehicle (EV) sales in Norway skyrocketed by 213% year-on-year in May, reaching 2,600 vehicle registrations, according to registration data reported by Reuters. Fueled by the revamped Model Y compact SUV—Norway’s best-selling vehicle for three consecutive years—this surge underscores the country’s rapid shift toward sustainable transportation. Model Y Leads Norway’s EV Revolution T

Tesla

Tesla $25K EV Canceled? Focus Shifts Towards Affordable Model 3 & Y

Tesla has reportedly moved away from its long-anticipated $25,000 electric vehicle (EV), often dubbed the Model 2, with the company now prioritizing more affordable versions of its Model 3 sedan and Model Y compact SUV. This strategic pivot, detailed in a Reuters report, has sparked internal debates among Tesla executives and raised questions about the…

Xpeng Ignites Share Surge with Affordable EV
Tesla

Chinese EV Giants Outpace Tesla with Massive Sales Growth in May 2025

Chinese electric vehicle (EV) manufacturers are accelerating past Tesla, posting record-breaking sales in May 2025, according to a recent Barron’s report. Companies like Li Auto, XPeng, and NIO delivered nearly 98,000 vehicles combined, a 50% surge compared to last year, signaling a shift in the global EV landscape as Tesla’s sales in China decline. Chinese…

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