Focus on Automotive
J.D. Power cuts U.S. EV sales forecast to 9% as growth slows
Revised forecast for US EV sales comes after Ford scrapped plans for new electric models, but electric could reach a 36% market share.
Chinese EV giant BYD posts 24.4% rise in profit
BYD profits rise as electric and hybrid vehicles account for more than half of all Chinese sales, despite looming global tariffs on EVs.
Dutch group sues Stellantis over alleged emissions cheating
Class action lawsuit over alleged Stellantis emissions cheating is based on actions of predecessor company Fiat Chrysler.
Hyundai targets 30% rise in sales by 2030, as it doubles hybrid lineups
As demand for EVs slows down, Hyundai's hybrid lineup will double to 14 models in shift to sales targets.
US awards $521 million in grants to boost EV charging network
Biden administration hopes to give US EV charging network a boost with 9,200 more ports across 41 projects.
China’s Xpeng prices its first budget EV from $16,813
In the crowded Chinese market, the XPeng MONA M03 electric hatchback coupe hopes to lure in drivers with low prices.
China accuses Canada of protectionism over tariffs on EVs
Chinese Commerce Ministry criticises Canadian tariffs on EVs and urges government to "correct its wrong practices" over the move.
China’s BYD to use Huawei’s self-driving system in off-road EVs
Upscale Fangchengbao brand from BYD to use self-driving tech developed by Huawei as Chinese manufacturers band together in face of tough pressures.
US agency to reexamine permit for Hyundai’s $7.6 billion electric vehicle plant in Georgia
The Army Corps of Engineers will reassess Hyundai's Georgia EV plant permit after concerns about its impact on local water supplies.
Canada to impose 100% tariff on Chinese EVs, including Teslas
Prime Minister Justin Trudeau said on Monday that Canada will impose a 100% tariff on the import of Chinese electric vehicles
