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Mercedes-Benz is pulling out of China’s electric vehicle market, selling its remaining stake in premium EV maker Denza. This move comes as luxury spending in the world’s largest auto market takes a hit, according to a recent report from The Wall Street Journal. Unwinding a Decade-Long Partnership The German automaker has decided to unwind its…
Chinese EV maker Nio is reportedly considering a purchase offer for Audi’s plant in Brussels, which is facing potential closure due to low demand for the Q8 E-Tron. This move could help Nio avoid higher tariffs on Chinese EV imports imposed by the European Union. The news was first reported by Belgian newspaper De Tijd.…
BYD, China’s leading electric vehicle (EV) maker, is making a bold move into Europe, with its first assembly plant set to open in Hungary. This strategic decision comes as the European Union considers raising tariffs on EVs imported from China, making local production a smart and necessary play, reports The New York Times. Racing Against…
Volkswagen has encountered a significant hurdle with its all-electric ID.4, as the company recently halted production at its Chattanooga, Tennessee, factory due to a faulty electronic door mechanism. The issue, which has affected numerous VW owners, involves water seeping into the door and shorting out the electronics, causing the door to pop open unexpectedly. This…
Electric vehicle (EV) batteries are on track for a major sustainability upgrade, potentially revolutionizing the industry’s environmental impact and supply chain. According to a recent report from The Economist, most EV batteries could soon be made by recycling old ones, marking a significant shift towards a circular economy in the automotive sector. Demand Surge Drives…
Tesla’s performance in China remains strong, with the electric vehicle giant recording its second-best week of Q3 2024 for new vehicle insurance registrations. According to Sawyer Merritt’s post on X, 15,600 Teslas were insured in China last week. Q3 Numbers Paint a Positive Picture While this figure represents a slight 3.7% decrease from the previous…
Google’s autonomous driving unit Waymo is reportedly in talks with Hyundai to manufacture its next generation of self-driving vehicles, according to Reuters. This potential partnership could mark a significant shift in Waymo’s strategy and the autonomous vehicle industry as a whole. Talks Underway Officials from Waymo and Hyundai have met more than three times to…
The European car industry is in a bind as sales of electric vehicles (EVs) dropped by a staggering 44% in August compared to last year. This decline has sparked calls from the European Automobile Manufacturers Association (ACEA) to relax EU emissions targets, warning of “multi-billion-euro fines” if the shift to electric production isn’t quick enough,…
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