A member of the Senate Banking Committee has made a forceful plea to President Joe Biden, urging him to take action against Chinese automakers and prevent their vehicles from entering the US auto market.
Tags: EV
EV Startup Fisker Launches New Round of Layoffs to Save Cash
EV startup Fisker Inc. has initiated another round of layoffs in an effort to conserve cash. BARCELONA, SPAIN - FEBRUARY 28: A logo sits illuminated outside the Fisker booth at the SK telecom booth on day 1 of the GSMA Mobile World Congress on February 28, 2022 in Barcelona, Spain.
India Is Confident More Foreign Players Will Enter the Country's EV Market Due to New EV Policy Measures
The Department of Promotion of Industry and Internal Trade in India is confident that its new EV policy measures will attract and allow more global firms to enter the market.
Honda to Spend $11 Billion to Build New EV Factories in Canada
Honda Motor is planning to invest $11 billion in Ontario, Canada, to build a comprehensive electric vehicle (EV) value chain.
Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop
Tesla has implemented price reductions in key markets such as China, Germany, and other European countries, following similar cuts in the United States.
Latest News
Chinese automakers are expanding global EV exports but face ship shortages, reflecting China's rise as a top auto exporter.
Commerce Minister Wang Wentao insists that ongoing innovation drives China's EV firms' fast development and not subsidies.
Tesla has reportedly ended its plans for a low-cost vehicle, a move attributed to the formidable competition posed by Chinese EV manufacturers.
Canoo, an EV startup, faced scrutiny as it reported CEO Tony Aquila's private jet expenses of $1.7 million, surpassing its revenue of $886,000 in 2023, amid a $302 million loss.
China's BYD, backed by Warren Buffett's Berkshire Hathaway, has announced a profit increase of over 80% in its first set of annual earnings after stealing Tesla's crown as the world's top seller of electric vehicles (EVs).
The New York Stock Exchange said it would immediately stop trading shares of EV startup Fisker and remove the business from its platform.
Nissan set three-year objectives of 1 million more car sales and a 30% drop in EV production costs by 2030.
The launch of Bentley Motors' inaugural electric vehicle (EV) is now slated for late 2026, pushing customer deliveries to 2027, nearly two years beyond the initial timeline.
Nissan Mulls EV Partnership With Honda to Form Powerful Japanese Alliance to Take on Overseas Rivals
Nissan Motor is reportedly considering approaching Honda Motor for a partnership on key components for electric vehicles (EVs).
