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Volkswagen Group reported a €1.3 billion ($1.4 billion) operating loss for the third quarter of 2025, marking the German automaker’s first quarterly loss since the pandemic as it absorbs massive charges from Porsche’s failed electric vehicle strategy and President Trump’s punishing import tariffs. The Times reported that Europe’s biggest carmaker swung from a €2.8 billion…
Chinese automaker Chery has unveiled a solid-state battery prototype claiming 600 watt-hours per kilogram of energy density—nearly double current lithium-ion technology—that could enable electric vehicles to travel up to 808 miles on a single charge. The announcement positions China’s leading auto exporter ahead of Western rivals in the race to commercialize next-generation battery technology by…
A Florida jury has ordered Tesla to pay $243 million in damages following a deadly 2019 crash involving its Autopilot system, marking a significant legal setback that could invite more lawsuits against the electric vehicle maker, reports Reuters. This verdict highlights ongoing concerns about the safety and limitations of Tesla’s driver assistance technology. Details of…
Tesla released its Q2 2025 earnings on July 23, reporting adjusted earnings of 40 cents per share, just below the average analyst estimate, alongside revenue of $22.5 billion that fell 12% year-over-year, marking the sharpest decline in at least a decade. Gross margin came in higher than anticipated. Updated as of 16:56 EST The company…
A federal jury trial begins today in Miami, examining whether Tesla’s Autopilot system contributed to a deadly 2019 crash near Key Largo, Florida, that killed a 22-year-old woman and injured her companion. The lawsuit, filed by survivor Dillon Angulo and the family of Naibel Benavides Leon, accuses Tesla of exaggerating the capabilities of its driver-assistance…
On July 9, 2025, ArcBest, a leading logistics provider, announced the successful completion of a pilot program testing a Tesla Semi in over-the-road freight operations, marking a significant step toward integrating Class 8 electric trucks into mainstream logistics. Conducted through its less-than-truckload carrier, ABF Freight, the pilot underscores ArcBest’s commitment to sustainable freight solu
China’s Xiaomi, a smartphone giant turned electric vehicle (EV) manufacturer, will prioritize its booming domestic market until 2027, when it plans to explore international car sales, CEO Lei Jun announced during a livestream on Wednesday. With its SU7 sedan and YU7 SUV driving strong demand at home, the company faces production challenges but signals ambitious…
China’s leading electric vehicle (EV) manufacturer, BYD Co., has paused its plans to build a major production facility in Mexico due to escalating trade tensions fueled by U.S. President Donald Trump’s aggressive tariff policies, according to a Bloomberg report. The decision reflects broader uncertainties in the global EV industry as automakers navigate shifting trade landscapes…
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