Focus on Transport
US light vehicle sales to rise 6% in November, report says
U.S. light vehicle sales are projected to rise six per cent in November, driven by subcompact crossover demand, EV growth, and promotions.
California could offer EV rebates if Trump eliminates tax credit, Newsom says
California plans state tax rebates for electric vehicle buyers if federal EV credits end, aiming to boost clean car adoption.
Tesla racks up nearly 34 million metric tons of GHG emissions credits in 2023
Tesla sold 34M tons of GHG credits in 2023 as automakers faced record deficits amid stricter EPA emissions standards.
EU not close to deal with China on EV tariffs, officials say
European Union and Chinese officials are discussing alternatives to European tariffs on Chinese electric vehicles (EV).
Volkswagen has taken major writedown on Northvolt stake, sources say
Volkswagen has written down its 21 per cent Northvolt stake amid the Swedish battery maker's bankruptcy filing, reflecting EV market struggles.
Analysis: Lilium’s fall throws spotlight on air-taxi cash crunch
The air-taxi industry faces hurdles as Lilium exits, raising doubts about timelines and viability despite investor support.
Air-taxi maker Vertical signs tentative funding deal with investor, extends cash runway
Mudrick Capital to convert half of Vertical Aerospace’s debt to equity, providing $50M in funding and financial relief.
BYD says it will launch new generation of blade batteries next year
Chairman Wang Chuanfu has said BYD's Blade Battery is safer than other alternatives in the market and will not catch fire.
Goldman funds to take $900 million hit on Northvolt: Financial Times report
Funds managed by Goldman Sachs, which together ranked as the second-largest shareholders in Northvolt, will write off nearly $900M by year's end.
EU, China close to agreement over EV import tariffs, leading MEP says
EU and China near deal to end EV tariff row, with Beijing potentially setting minimum prices for e-cars to address subsidy concerns.
