Tesla’s global deliveries bounced back in Q3 2024, marking the company’s first quarterly increase this year. This upturn comes as a relief after earlier declines had sparked worries on Wall Street about Tesla’s growth potential in the EV market. According…
A recent report from the New York Post has uncovered alarming claims about privacy issues in Chinese-made electric vehicles, specifically those manufactured by BYD. Owners have reported that these EVs might have a hidden feature allowing external parties to listen…
BYD, China’s leading electric vehicle manufacturer, is recalling almost 97,000 EVs due to a manufacturing defect that could lead to fire risks, according to Reuters. The Recall Details The recall affects Dolphin and Yuan Plus models made in China between…
Deutsche Bank analyst Edison Yu has maintained a Buy rating on Tesla (TSLA) with a price target of $295.00, according to a report from TipRanks. This optimistic outlook stems from Tesla’s anticipated strong performance in Q3 2024 and exciting developments…
The US Commerce Department has proposed a far-reaching rule that could effectively ban Chinese-developed software and connectivity-related hardware in cars sold in the United States. This move, reported by The New York Times, is part of a broader effort by…
Nio Inc., a leading Chinese electric vehicle manufacturer, is voicing strong opposition to recent tariff measures proposed by the United States and European Union on Chinese EVs. This pushback comes amidst rising trade tensions and debates over fair competition in…
The Biden administration is revving up efforts to ban Chinese-made software for electric and connected vehicles, citing significant cybersecurity risks. This bold move, as reported by Bloomberg, stems from an in-depth investigation into potential threats that Chinese vehicle software could…
BYD, the Chinese electric vehicle giant, is making significant headway in Southeast Asian markets, particularly in Singapore and Malaysia. This success is largely attributed to the company’s swift adaptation to local requirements, according to Fortune. The Right-Hand Drive Advantage Jeffrey…
Lucid, the electric vehicle startup that’s made waves with its Air sedan, is gearing up for a major expansion. According to a recent MotorTrend report, the company’s ambitious plans include launching the Lucid Gravity SUV and developing a new midsize…
Ford’s electric vehicle ambitions have hit some roadblocks, as reported by The New York Times. The automaker is facing challenges with its Mustang Mach-E and has cancelled plans for a three-row electric SUV. Mach-E Troubles and Market Realities The Mustang…
Mercedes-Benz, the German luxury automaker, has seen a significant drop in its share price following a profit warning issued on September 20, 2024. The company cited weakening demand in China as the primary reason for the downgrade, which has had…
Volkswagen, a major player in the electric vehicle (EV) market, is facing scrutiny over its operations in China’s Xinjiang region. An audit of the company’s jointly owned site there has failed to meet key aspects of international standards, according to…
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…
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…
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,…
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…
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,…
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…
Chinese brand Omoda is making waves in the UK with an aggressive expansion plan, aiming to have 100 dealers by the end of the year. This rapid growth, from zero dealers at the start of the year, is part of…
China’s top trade official, Wang Wentao, is on a mission to sway EU trade boss Valdis Dombrovskis and prevent hefty duties on Chinese electric vehicle (EV) imports. However, his whistle-stop tour of European capitals might hit a roadblock in Brussels,…
German auto supplier Bosch’s CEO, Stefan Hartung, expects minimal growth in global car and commercial vehicle markets this year and next, according to a recent interview with Reuters. Hartung noted that the demand for cars is lower than the industry…
Rows of unsold electric vehicles (EVs) are gathering dust at the Belgian port of Zeebrugge, a stark contrast to the bustling activity seen in previous years. Despite the port’s massive transformation to accommodate the green evolution, the demand for EVs…
Investors in Asia’s electric vehicle (EV) battery sector are keeping a close eye on the US presidential race, with even unexpected factors like Taylor Swift’s potential endorsements making waves. This heightened interest comes from the significant impact the election outcome…
While wealthy cities like Shanghai and Shenzhen have led electric car adoption, uptake in other areas shows how hard gasoline cars can be to ditch, reports Bloomberg. According to Bloomberg’s report, China’s electric vehicle (EV) revolution is hitting a snag…
Volkswagen, once a titan of the auto industry, is now facing a triple threat that’s putting its EV ambitions in jeopardy. According to a recent report from POLITICO, the German carmaker is grappling with challenges from China, a lagging EV…
China’s electric vehicle giant BYD is on a hiring spree, pushing its workforce past the 900,000 mark. This massive expansion, reported by Reuters, underscores the company’s ambitious growth plans and the booming EV market in China. Workforce Explosion BYD’s hiring…
Italian Foreign Minister Antonio Tajani has voiced support for proposed European Union tariffs on Chinese electric vehicle (EV) exports. This stance comes ahead of a meeting with China’s commerce minister in Rome, according to Reuters. Protecting European Competitiveness “We support…
Global sales of electric vehicles (EVs) and plug-in hybrids jumped 20% year-over-year in August, according to a report from market research firm Rho Mot, according to Reuters. This growth was largely fueled by China’s booming EV market, which saw a…
Ford CEO’s China Trip Sparks Major EV Strategy Shift Jim Farley, Ford’s chief exec, is sounding the alarm after a recent China visit left him shaken by the country’s EV prowess. The Wall Street Journal reports that this wake-up call…
The Biden administration has just announced a major move in the trade war with China, slapping a 100% tariff on Chinese electric vehicles (EVs) among other goods. This decision, set to take effect on September 27, is part of a…
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