Porsche’s $5 Billion Profit Collapse: Inside the Strategic Crisis That Just Rocked One of the Auto Industry’s Most Powerful Brands For decades Porsche has been one of the most profitable car companies on the planet. That reputation just took a staggering hit. The German performance icon reported operating profit of just €90 million for 2025…
A Leapmotor electric vehicle at the Turin Motor Show in September. (Giuliano Berti/Bloomberg) February 26, 2026 9:33 AM, EST | Updated: February 26, 2026 11:39 AM, EST Stellantis NV is considering tapping electric vehicle technology from its Chinese partner Leapmotor to help lower costs across its mass-market European brands such as Fiat, Opel and Peugeot,…
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…
A quiet residential street in rural England turned into a dramatic scene when a parked electric vehicle suddenly burst into flames, leaving its owner stunned and raising new questions about the risks tied to previously damaged EVs. The incident involved a Tesla owned by Rich Farrant, a 56-year-old resident of Compton Dando in Somerset. According…
Consumer Reports’ top 10 best new cars for 2026 all feature one important feature: electric boost. Consumer Reports, the nonprofit consumer advocacy organization that purchases all the equipment it tests and accepts no freebies from manufacturers, said this year’s list features cars that either can have a hybrid powertrain or are fully electric. “For the…
Hong Kong will not pursue carbon-based taxation in its decarbonisation efforts, as maintaining a low and simple tax framework is central to the city’s competitive advantage, the financial chief has told a panel at the World Economic Forum. Speaking at the “How to Finance Decarbonization?” panel in Davos, Switzerland, Financial Secretary Paul Chan Mo-po said…
New energy, artificial intelligence, electric vehicle (EV) and biotechnology companies will remain the driving force behind Hong Kong’s initial public offering (IPO) market in the coming years, according to the head of bourse operator Hong Kong Exchanges and Clearing (HKEX). “In the past year, dozens of new companies in green energy, automation and other sectors…
Chinese tech firm Xiaomi reaped returns from its artificial intelligence spending in 2025 that “far exceeded expectations”, the company’s president Lu Weibing said in a recorded video posted on Chinese social media platform Douyin. Lu said the Beijing-based company was pivoting to embodied AI after heavy investment in general AI over the past few quarters….
The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its…
China is betting on bio-manufacturing to boost technological self-reliance and drive economic growth as part of the next five-year plan, elevating the sector on par with electric vehicles and semiconductors. Beijing is upgrading and expanding a nationwide bio-ecosystem, with 43 companies and research institutes selected in the first batch of pilot-scale manufacturing platforms for products…