Focus on Automotive
China’s April car sales swing to contraction despite NEV milestone
China car sales at home down as exports surge to a record high amid domestic price war on EVs.
Ford mulls offering gas-powered vehicles, hybrids in Europe beyond 2030
Hybrid vehicles, which bridge the gap between gas-powered vehicles and EVs, have experienced a surge in demand over the past year, prompting automakers...
BP looks to buy Tesla’s Supercharger sites in US: Bloomberg News
BP's electric charging unit is keen on buying Tesla's Supercharging sites in the United States: Bloomberg News
Porsche recalls thousands of Taycans over faulty batteries
German sports carmaker Porsche on Thursday confirmed it had recalled several thousand of its electric Taycan model because of risks their batteries could...
Trump vows to target EVs in meeting with oil CEOs – report
Washington Post reports that Donald Trump has committed to a policy on EVs that will go against Biden's policies in bid to woo...
China’s BYD will consider second Europe plant in 2025, exec says
As Xi Jinping wraps up European tour, leading Chinese EV maker BYD says second European plant under consideration.
Nissan annual net profit nearly doubles on-year
Japanese automaker forecasts a dip of 10% for the current financial year despite bumper profits driven by rising demand across markets.
US could ban Chinese connected vehicles or impose restrictions, US commerce secretary says
U.S. Commerce Secretary Gina Raimondo says the Biden administration could take an "extreme action" and ban Chinese connected vehicles or opt to impose...
GM to end production of Chevrolet Malibu as it shifts to EVs
General Motors says it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce new electric vehicles.
Seasonal US fuel demand hits pandemic lows, weighs on refining margins
U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, according to data from the Energy Information...
