Focus on Business
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.
More govt support and public exposure to EVs needed: Polestar UK boss
Polestar’s UK boss calls for more government incentives and exposure to EVs to drive sales and reduce charging concerns.
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.
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.
China’s BYD boosts production and hiring amid Q3 growth
The Chinese EV maker posted an 11.5% rise in third-quarter net profit.
Ethiopia bans imports of gas-powered private vehicles, but the switch to electric is a bumpy ride
More than 100,000 electric cars are now being imported into Ethiopia each month.
No, America’s battery plant boom isn’t going bust – construction is on track for the biggest factories, with over 23,000 jobs planned
America's battery plant boom remains strong, with major factory projects underway and over 23,000 jobs anticipated.
Opinion: How COP29 can make ‘polluter pays’ principle a reality
Opinion: COP29 must enforce the "polluter pays" principle, holding emitters accountable to fund climate adaptation and mitigation efforts.
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"
Another US oil refinery to vanish with Lyondell Houston plant closing
LyondellBasell plans to shut its 263,776 bpd Houston refinery in early 2025, as fuel demand dips amid green energy shifts.
