EV

EU business lobby head says 'enormous waste' in Chinese EV sector

Overcapacity of Chinese electric vehicles is among the top concerns facing European firms in the country, the president of a business lobby warned Wednesday, decrying "enormous waste" in some key sectors.

Leasing model behind Europe's EV drive at risk of breakdown

Leasing companies play a pivotal role in Europe as 60% of new cars of all fuel types are leased, according to calculations by environmental group Transport & Environment based on data from market research firm Dataforce.

AI could be a game changer for EV charging

New artificial intelligence (AI) tools could enhance the reliability of the power grid and electric vehicle (EV) charging infrastructure, according to a study by the University of Michigan Transportation Research Institute (UMTRI) and Utilidata, an AI-powered technology company.

What is Elon Musk doing in China?

Elon Musk's recent visit to China has stirred significant interest and speculation, drawing attention to the purpose and implications of his journey. Musk's visit, the details of which were mostly kept secret, was primarily aimed at the rollout of Tesla's Full Self-Driving (FSD) software in China, as well as receiving necessary permissions for data transfer regulations.

China's EV execs bullish on Western pressure at Beijing car show

Thousands of car lovers and company representatives descended on Beijing this week for the Auto China show -- a chance for industry giants to show off new designs and cutting edge technologies aimed at getting ahead in the fiercely competitive sector

Analysis / Beijing powers up into car wars battleground

The Chinese market alone is crucial: it’s the world’s biggest with sales of 22 million vehicles last year, according to the China Passenger Car Association

Analysis / Elon Musk bets big on Tesla, not cars

Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology

Tesla reportedly drops plan to build low-cost EV

Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.

Tesla scraps low-cost car plans amid fierce Chinese EV competition

Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters

September 11, 2024
September 11, 2024

EU business lobby head says 'enormous waste' in Chinese EV sector

Overcapacity of Chinese electric vehicles is among the top concerns facing European firms in the country, the president of a business lobby warned Wednesday, decrying "enormous waste" in some key sectors.

August 13, 2024
August 13, 2024

Leasing model behind Europe's EV drive at risk of breakdown

Leasing companies play a pivotal role in Europe as 60% of new cars of all fuel types are leased, according to calculations by environmental group Transport & Environment based on data from market research firm Dataforce.

May 31, 2024
May 31, 2024

AI could be a game changer for EV charging

New artificial intelligence (AI) tools could enhance the reliability of the power grid and electric vehicle (EV) charging infrastructure, according to a study by the University of Michigan Transportation Research Institute (UMTRI) and Utilidata, an AI-powered technology company.

April 30, 2024
April 30, 2024

What is Elon Musk doing in China?

Elon Musk's recent visit to China has stirred significant interest and speculation, drawing attention to the purpose and implications of his journey. Musk's visit, the details of which were mostly kept secret, was primarily aimed at the rollout of Tesla's Full Self-Driving (FSD) software in China, as well as receiving necessary permissions for data transfer regulations.

April 27, 2024
April 27, 2024

China's EV execs bullish on Western pressure at Beijing car show

Thousands of car lovers and company representatives descended on Beijing this week for the Auto China show -- a chance for industry giants to show off new designs and cutting edge technologies aimed at getting ahead in the fiercely competitive sector

April 24, 2024
April 24, 2024

Beijing powers up into car wars battleground

The Chinese market alone is crucial: it’s the world’s biggest with sales of 22 million vehicles last year, according to the China Passenger Car Association

April 7, 2024
April 7, 2024

Elon Musk bets big on Tesla, not cars

Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology

April 6, 2024
April 6, 2024

Tesla reportedly drops plan to build low-cost EV

Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.

April 6, 2024
April 6, 2024

Tesla scraps low-cost car plans amid fierce Chinese EV competition

Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters

March 27, 2024
March 27, 2024

Chinese EV giant BYD announces record annual profit for 2023

BYD recorded a net profit of 30 billion yuan ($4.16 billion) last year, up 80.7 percent year-on-year from 16.6 billion yuan in 2022

push notification