Text size Chinese tech titan Baidu and car giant Geely on Friday blamed “huge changes” in the EV industry for sudden staffing and operations cuts at their joint electric auto venture this week. “Due to huge changes in the industry’s competitive landscape, the established business plan could not be executed and operations have encountered challenges,”…
YICHANG, CHINA – NOVEMBER 23, 2024 – Citizens are purchasing NIO new energy vehicles on November 23, … [+] 2024 in Yichang, Hubei, China. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO/Future Publishing via Getty Images Chinese luxury electric vehicle maker Nio stock reported deliveries of 15,493 vehicles for November, marking an increase…
Electric vehicle industry waits and wonders on eve of next Trump term Beyond scaling back regulation – another promise Trump has made, other EV initiatives could be put on ice. FOX 2 – President-elect Donald Trump has made some strong statements about the auto industry and more specifically electric vehicles. But will his new, less…
After Donald Trump was declared the new President of the United States of America, shares of Elon Musk’s companies began soaring based on the tech billionaire’s close association with the Republican nominee’s presidential campaign, according to an AFP report. Trump in his victory speech generously praised Musk as a “genius”, stating: “We have a new…
Text size China on Wednesday said it did not “agree with or accept” hefty new EU tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing’s support undercut European automakers. “China does not agree with or accept the ruling and has filed a complaint under the WTO dispute settlement mechanism,” a spokesperson for Beijing’s…