Five facts about electric vehicles in 2024
Electric vehicles had another whirlwind year around the globe, driven by buyers in China.
Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, according to people familiar with the matter.
US finalizes $9.63 billion loan for Ford, SK On joint battery venture
The U.S. Energy Department finalized a $9.63 billion loan for Ford and SK On to build three battery plants in Kentucky and Tennessee.
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.
