Archer Aviation raises $430 million through equity offering, partners with Anduril
Shares of Archer were down 4% in early trading.
China’s Nio, behind on growth targets, aims to tighten cost control
The company has had 30-40% growth in the last three years — but that was not satisfactory for its CEO.
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.
Tesla shares jump to record high
Tesla stock soars to record $415, surging 65 per cent post-election on Musk's Trump ties and strong China sales amid EV market optimism.
GM’s Cruise exit turns focus on challenges of scaling robotaxis
GM's exit of Cruise robotaxis shows the costly, long-term challenge of perfecting self-driving tech.
Tesla sells 21,900 EVs in China in first week of Dec, the highest in Q4
The rare weekly sales disclosure came after Tesla logged its best month in the Chinese market this year with sales exceeding 73,000 in...
GM to exit Cruise robotaxi business
Automaker General Motors said on Tuesday its majority-owned Cruise business will drop the development of robotaxis.
Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says
Tesla plans robotaxi service in 2024 with a company-owned fleet and human teleoperators, starting in California and Texas.
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.
Tariffs on Chinese EVs, aluminum and steel to raise federal revenues by $473M: Canada’s PBO
Canada's tariffs on Chinese EVs, steel, and aluminum are expected to cut imports and boost federal revenues by $473M over five years.
