Focus on Transport
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.
Tesla asked Canada for lower tariff on China-made EVs: govt source
Tesla sought a lower tariff on Chinese-made EVs before Canada imposed a 100% duty, similar to the EU's approach.
Maersk says ocean shipping’s zero-emissions push needs government support
Maersk's green methanol ship crossed the Pacific, but lacked U.S. refueling options, highlighting the need for more green fuel infrastructure.
Two Republicans want Pentagon to add Chinese battery maker CATL to restricted list
Top Republican lawmakers urge U.S. Defense Department to restrict Chinese battery maker CATL, citing ties to Beijing's military.
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.
Samsung SDI finalizes deal with GM to build $3.5 billion joint EV battery factory in US
The South Korean battery maker said the joint plant aims for mass production in 2027 and annual capacity is expected to rise to...
Self-driving truck company TuSimple settles fraud lawsuit for $189 million
TuSimple settles for $189M over allegations of misleading shareholders about safety and insider control of a Chinese rival.
China Evergrande’s EV arm warns of bigger first-half loss on impairment provisions
China Evergrande's EV unit expects a larger H1 2024 loss, driven by a significant impairment provision amid ongoing financial woes.
