EVs

Calls for Musk to Step Back: Tesla Analysts Sound Alarm Over DOGE Involvement

1 month ago

In a striking move, prominent Tesla analyst Dan Ives has issued a "code red" warning regarding the electric vehicle giant's future, as concerns grow over CEO Elon Musk's prominent involvement with the cryptocurrency Dogecoin (DOGE). Ives suggests that Musk's focus on Dogecoin could detract from his leadership of Tesla at a critical juncture for the company.

Tesla Postpones Rollout of Affordable Electric Vehicles, Market Impact Anticipated

1 month ago

In a significant shift concerning its production strategy, Tesla has announced a delay in the launch of its much-anticipated line of more affordable electric vehicles (EVs). According to reports from Reuters, this decision, resulting from various internal and market pressures, has generated considerable buzz within the automotive sector and among EV enthusiasts.

BYD Set to Double Sales Network in South Korea in a Bold Move Against Hyundai

2 months ago

In a significant strategic move aimed at expanding its footprint in the competitive South Korean automotive market, Chinese electric vehicle manufacturer BYD has announced plans to double its sales network across the country. This expansion comes as BYD seeks to challenge the dominance of local automotive giant Hyundai, which has long been a major player in the region.

Tesla Faces Challenges as March Deliveries in China Plummet by 11%

2 months ago

Tesla Inc. has reported a significant decline in electric vehicle deliveries in China for the month of March, as the company's growth in one of its largest markets hits a bump in the road. The automaker's sales in the country fell by 11%, a troubling sign amid a broader global decline in the electric vehicle sector. This downturn is especially impactful for Tesla, as China has been a pivotal market driving much of its rapid growth.

Xiaomi Faces Tragedy: Deadly SU7 Car Crash Hits Shares Hard

2 months ago

In a devastating incident that has sent shockwaves through both the automotive and tech industries, shares of Xiaomi Corporation plummeted following a tragic car crash involving its newly launched SU7 electric vehicle. Reports from local media have confirmed that this tragic accident resulted in the deaths of three individuals, bringing attention not only to the safety of the vehicle but also to the implications for Xiaomi's reputation in the rapidly evolving automotive sector.

Chinese Electric Vehicles Hit a Low in European Market

2 months ago

In a striking turn of events, Chinese electric vehicles (EVs) have experienced a significant decline in their share of the European market, marking the lowest percentage in two years. Recent data highlights how the influx of domestic competitors and shifting consumer preferences have contributed to this downturn.

Tesla's Declining Presence in Europe: A 40% Drop in February Sales

2 months ago

Tesla's fortunes in Europe have continued to diminish, as evidenced by a staggering 40% drop in sales for February, raising concerns over the electric vehicle (EV) manufacturer's position in one of its most significant international markets. This decline builds on an already troubling trend for the electric car maker this year, showcasing ongoing challenges within the European automotive landscape.

Hyundai CEO Expresses Confidence in U.S. Strategy Amid Uncertain Trump EV Policies

2 months ago

Hyundai's CEO recently shared a robust outlook regarding the company's operational strategies in the United States, particularly in the context of the rapidly evolving electric vehicle (EV) market. This comes at a time when potential policy shifts under former President Donald Trump's administration could impact the automotive industry's trajectory and the overall EV landscape.

Tesla Faces Fresh Challenges as Analysts Predict Further Decline in Vehicle Sales

2 months ago

In a striking turn of events, Tesla Inc., the electric vehicle (EV) giant, is bracing for yet another year of declining vehicle sales, according to the latest research from analysts. This development raises significant concerns about the company’s market position and future profitability.

UK Battery Maker Embraces Chinese Technology to Sidestep Britishvolt’s Challenges

3 months ago

A UK-based battery manufacturer has made a strategic decision to adopt advanced Chinese technology in its production processes. This move comes in light of the struggles faced by Britishvolt, another ambitious British battery startup that has recently encountered significant financial difficulties and operational setbacks.