Hong Kong’s decision to end tax breaks for private electric cars has sparked a rush to the showrooms, with some residents even selling their eligibility for the incentive scheme. A car dealer told the South China Morning Post on Thursday that sales had surged seventeen times, adding that one customer broke into tears just after…
Former Vice President Kamala Harris took a swipe at her onetime boss, Joe Biden, calling his 2021 decision to exclude Elon Musk from a White House electric vehicle event a “big mistake” — comments that came as the 82-year-old former president undergoes radiation therapy for prostate cancer. Harris, who appeared Tuesday at Fortune’s Most Powerful…
Federal regulators are investigating nearly 3 million Teslas following reports of crashes linked to the automaker’s self-driving technology. The US National Highway Transportation Safety Administration (NHTSA) said Thursday it was focusing on incidents in which Teslas failed to stop at red lights or drove on the wrong side of the road — sometimes slamming into…
Breana NobleThe Detroit News(TNS) Ford Motor Co. CEO Jim Farley on Tuesday said he wouldn’t be surprised if electric vehicle sales in the United States fall by half after the expiration of the federal tax credit for plug-in vehicles. Tuesday is the last day consumers could take advantage of the up-to-$7,500 tax credit, though Ford…
China’s emissions-cutting pledge is poised to take center stage at a United Nations climate meeting Wednesday, after US President Donald Trump unleashed a blistering — if predictable — broadside against the science surrounding planet-warming fossil fuels. Some 118 nations will outline plans to curb global warming, which is driving disasters worldwide — from catastrophic floods…
Xiaomi SU7 is a 5m-long saloon with the option of supercar power Chinese tech giant Xiaomi is planning to start selling its new electric cars in Europe within the next two years. Historically best known as a manufacturer of consumer electronics (primarily its hugely popular smartphones), Xiaomi launched the SU7 saloon as its first EV…
Fresh seafood and fruits arriving by air in Hong Kong for re-export can now be transferred directly to mainland China for clearance as one of several new measures to help the city remain competitive in a tariff-laden global trade environment, the customs chief has said. Commissioner of Customs and Excise Chan Tsz-tat also told the…
Fresh seafood and fruits arriving by air in Hong Kong for re-export can now be transferred directly to mainland China for clearance as one of several new measures to help the city remain competitive in a tariff-laden global trade environment, the customs chief has said. Commissioner of Customs and Excise Chan Tsz-tat also told the…
On Thursday, Bloomberg reported that Tesla CEO Elon Musk has ordered its Dojo supercomputer project to be disbanded after the project’s leader and most of its employees left to join another AI project. The news marked a major setback to the automaker’s efforts to develop its own in-house developed supercomputer to train AI models for…
Tesla approved a restricted stock award of 96 million shares, worth about $29 billion, to “incentivize” the controversial billionaire to remain at the head of the company during a protracted legal battle over his original pay package. Last year, a Delaware court voided Musk’s pay package, valued at more than $50 billion, arguing that the…