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Beijing to phase out EV subsidies in upcoming five-year plan
China has abandoned EV subsidies for the first time in over a decade, following the industry’s exclusion from the top policymakers’ five-year development plan for 2026-2030. The government’s support h...
Canada halves Stellantis’ tariff-free quota
Canada has decided to reduce trade benefits for Stellantis NV and General Motors Co. after both automakers scaled back their manufacturing commitments in Ontario. The Canadian Department of Finance an...
BYD is recalling over 115,000 Tang and Yuan Pro EVs due to battery and design defects
BYD, the Chinese automaker that overtook Tesla in 2024 as the world’s top EV seller, is now being forced to pull over more than 115,000 vehicles due to serious design flaws and battery risks. The Stat...
BYD targets Africa expansion with charging network planed in South Africa
BYD is setting its sights on South Africa, even as it faces growing problems back home. The Chinese EV giant will build up to 300 fast-charging stations across the country before 2026 ends, according ...
Nio faces Singapore lawsuit for alleged revenue manipulation as shares plunge
Singapore’s sovereign wealth fund has launched a major lawsuit against Nio, claiming the Chinese electric vehicle maker manipulated its revenue reports and misled investors. Shares of Nio trading in H...
EU to mandate technology transfer in rule change targeting expanding Chinese firms
The European Union is preparing rules that would make businesse s from China sh are their technical knowledge with European firms as a condition for doing business in the region, marking a major shift...
Tesla ramps up Shanghai Gigafactory output as China sales rise 2.8%
Tesla Inc. has begun increasing production at its Shanghai Gigafactory in Q4. Tao Lin, China’s Tesla Vice President, confirmed on a Weibo post. The automaker also faces a slowing demand for its Cybert...
China moves to curb destructive price wars across key industries
Chinese authorities are taking fresh action to stop brutal pricing battles playing out across major industries. Officials say selling goods below cost is damaging business health and hurting the broad...
Ferrari endures 14% stock drop after abandoning EV sales goal, updating revenue outlook
Ferrari lost ground on Thursday as its shares crashed more than 14% after the company reworked its electrification strategy and updated its revenue outlook. According to data from CNBC, the Milan-list...
BMW stock drops 8.5% in Europe after 2025 earnings outlook downgrade
BMW stock collapsed by 8.5% on Wednesday in Europe’s market close after the Munich-based automaker slashed its 2025 earnings outlook, according to data from Google Finance. The company said delays in ...
Tesla stock jumps ahead of Oct. 7 event amid Roadster, budget EV buzz
Tesla sent traders scrambling on Monday after a pair of cryptic social media clips triggered wide speculation about a new product reveal tomorrow, pushing its stock up by 5% before the closing bell in...
China’s BYD breaks out in UK with shocking 880% surge in EV sales
Chinese carmaker BYD has blown through the U.K. auto market with an 880% rise in sales last month, selling 11,271 electric cars, according to a Monday announcement from the company. That surge in sale...