China’s CATL offers suppliers financial support to drive battery innovation
CATL has extended its leadership in EV batteries with a global market share of 36.8% in the first 10 months of the year.
Global EV sales hit third consecutive record high
China continued to lead sales growth, accounting for almost 70% of total EV sales in November.
Wall Street mostly upbeat on GM’s decision to pull the plug on Cruise
GM's Cruise shutdown signals Wall Street's waning patience with autonomous vehicle investments and speculative tech bets.
EU conservatives seek to stall 2035 combustion engine ban
EU's conservative bloc seeks to reverse 2035 combustion engine ban, citing automotive industry challenges and economic concerns.
GM to exit Cruise robotaxi business
Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.
Germany’s Scholz calls for Europe EV subsidy plan
Germany's Chancellor Olaf Scholz calls for a European EV subsidy to aid automakers facing stagnation, costs, and competition.
BYD on track to top 2024 sales goal and outsell Ford, Honda
BYD gains market share in China's fast-growing auto market, poised to exceed 4M annual sales, surpassing Ford and Honda in 2024.
Trump may cancel US Postal Service electric mail truck contract, sources say
Trump's team may cancel USPS contracts for electric delivery trucks, aligning with his rollback of Biden's EV and climate policies.
EVs, plug-in hybrids’ reliability concerns ease but still lag gas-powered peers, survey shows
EVs now have 42% more problems than their gas-powered counterparts, down from last year's 79%.
GM to take more than $5 billion in charges on China operations
GM's China division, once profitable, now loses money as local rivals, boosted by subsidies, outpace U.S. and European carmakers.
