Focus on Transport
Price cuts help EV maker Lucid beat quarterly delivery estimates
Lucid Q2 deliveries above estimates as price cuts lure consumers to luxury EV brand.
China’s BYD plans $894 million EV parts project, state media says
Proposed BYD factory will produce core parts for electric vehicles.
Stellantis’ Italian output to drop if trends don’t change, union says
Ambition to have Stellantis output hit a million vehicles a year by 2030 in doubt if government incentives don't boost demand.
Germany’s Daimler Truck reports lower Q2 sales
Daimler electric vehicle sales rise by 69% despite overall drop for German truck maker.
Porsche sticks with plans to stop some combustion model production
Petrol-powered SUV at "the end of its cycle", as Porsche EVs plan speeds up despite recent slump in demand.
EU tariffs hit growth in China’s electric car exports, industry body official says
Growth used to be at least 30-40%, and it has slowed to only more than 10%, meaning (the tariffs) had a 20-30 percentage...
Oil slips as Gaza talks ease supply fears; Hurricane Beryl in focus
Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on...
U.S. Coast Guard says Hurricane Beryl may shut oil ports
Port closures could bring to a temporary halt shipments of crude oil to refineries and motor fuels from those plants.
A green flag for clean power: NASCAR unveils its first electric racecar
NASCAR first electric racecar doesn’t thunder when the grand marshal says “drivers, start your engines,” it hums.
China’s BYD acquires 20% stake in Thai dealer Rever Automotive
The Shenzhen-based automaker has opened its first Southeast Asia factory in Thailand, and will have an annual capacity of 150,000 vehicles.
