Focus on Transport
Tesla stops taking orders for cheapest Cybertruck, offers $100,000 version now
Tesla's $100k Cybertruck available for immediate order and delivery, according to Tesla website, though demand is lower than predicted
Chinese robotaxi firm WeRide eyes up to $5 billion valuation in US IPO
WeRide is offering 6.45 million American depositary shares at a price range of $15.50 and $18.50 per share.
European Commission spokesperson confident Chinese EV measures comply with WTO
EU defends EV tariffs against China's WTO challenge, stating confidence in compliance with global trade rules amid ongoing dispute.
Nikola posts smaller-than-expected loss on robust truck demand
Nikola beat posted a smaller-than-expected adjusted loss on Friday, signaling an uptick in deliveries of its hydrogen big rigs
China launches appeal at WTO over EU electric vehicle tariffs
Beijing said Friday it had filed an appeal with the World Trade Organization over EU imposition of additional tariffs on Chinese EV imports
India’s Mahindra seeks nod for $3 billion Shaanxi JV, sources say
Automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3bn JV to build a car manufacturing plant...
China auto sales fall in July, while exports jump about 20% as automakers expand across the globe
Auto sales in China slipped 5% from a year earlier, although exports jumped 20% as makers of electric vehicles expanded into global markets
India’s Ola Electric surges 20% on debut on EV optimism
Ola Electric's shares surged 20% on their Mumbai debut, valuing the company at $4.8B, as investors bet on India's growing EV market.
Air-taxi maker Archer plans to launch air mobility network in LA as early as 2026
The San Jose, California-based company did not disclose the size of investment for the planned Los Angeles project.
Committed to China operations despite challenges: General Motors
GM reaffirms commitment to a profitable China operation amid competition and investor scrutiny, eyeing restructuring efforts.
