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People look at the newly unveiled Onvo L60 SUV, the first vehicle of Chinese electric vehicle (EV) maker Nio's new lower-priced brand, in Shanghai, China May 15, 2024. REUTERS/Zoey Zhang/ File Photo
AutomotiveBusinessManufacturingNews

China’s Nio plans to sell its first hybrid car overseas only, sources say

Nio plans 2026 hybrid launch under Firefly brand for overseas markets, addressing EV challenges in Europe and Middle East.

The logo of Mitsubishi Corporation is displayed at the entrance of the company headquarters building in Tokyo, Japan, April 26, 2016. REUTERS/Issei Kato/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsStorage

Mitsubishi Corp, Nissan to establish JV on autonomous driving, EV batteries, Yomiuri says

The joint venture will provide services related to autonomous driving and using electric vehicle batteries as storage batteries.

Skoda Auto cars are seen at the production line as the carmaker launches production of MEB battery systems in Mlada Boleslav, Czech Republic, May 17, 2022.  REUTERS/David W Cerny/File Photo
AutomotiveEconomyEmissionsLegislationNewsPoliticsRegulations

Czech Republic joining Italy to fight carmakers’ CO2 fines

Czech Republic will join Italy in seeking to prevent carmakers from facing penalties when tougher CO2 emission rules take effect in the EU.

FILE PHOTO: Visitors walk past a BYD logo at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

China’s BYD boosts production and hiring amid Q3 growth

The Chinese EV maker posted an 11.5% rise in third-quarter net profit.

FILE PHOTO: A person carries luggage near the Volkswagen power plant in Wolfsburg, Germany October 30, 2024. REUTERS/Axel Schmidt/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

Volkswagen CEO Blume calls cost-cutting vital to tackle "decades of structural issues" amid low EU demand, China profit drops.

Republican presidential nominee and former U.S. President Donald Trump attends his campaign rally at Macomb Community College in Warren, Michigan, U.S., November 1, 2024. REUTERS/Brian Snyder     TPX IMAGES OF THE DAY
BusinessElectionsElectric Vehicles (EVs)ManufacturingNewsPoliticsTrade

Trump says he would charge Stellantis 100% tariff if it moves jobs to Mexico

"Tell Stellantis that if they plan on moving we're going to charge them a 100% tariff on every car"

FILE PHOTO: A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan October 31, 2024. REUTERS/Aziz Karimov/File Photo
ClimateClimate FinanceEmissionsEmissions MarketsNewsVoluntary Carbon Markets (VCMs)

Azerbaijan aims to launch green investment rule book at COP29

At COP29, Azerbaijan will launch a unified green finance taxonomy backed by 100+ nations, streamlining sustainable investments.

FILE PHOTO: Electric power transmission pylon miniatures and Dominion Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectricityNewsNuclear PowerUtilities

Dominion Energy beats Q3 profit estimates on lower costs and steady demand

Dominion Energy beat Q3 profit estimates due to lower costs and steady demand, driven by AI and data center growth amid hot weather.

People remove floodwater from a building, after heavy rains in Alfafar, in Valencia, Spain, November 1, 2024. REUTERS/Susana Vera
ClimateNewsResiliencyWeather

Early action can mitigate flood destruction, UN climate agency says

Effective flood warnings could prevent destruction like that in Spain’s Valencia region this week, says the WMO.

BusinessHydrogenNews

Shell shelves Norway blue hydrogen project due to lack of demand

Shell scrapped plans for a blue hydrogen plant on Norway's west coast due to a lack of demand, days after Equinor cancelled a...

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