Auto
Tesla Sells Just One Vehicle in South Korea in January Amid Challenges
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Tesla Shares Plummet Amid Corporate Fleet Challenges and Market Pressures
"Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year. -
Tesla Initiates Recall to Update 2.2 Million Vehicles After Font Size Flaw Detected
"Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving.
The Latest
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Xiaomi Unveils Its First EV, SU7
On the evening of March 28, Xiaomi Corporation (01810.HK) officially launched its first electric sedan, the SU7, with the standard version priced at 215,900 yuan (about $30,408), the PRO long-range version at 245,900 yuan (about $34,019), and the MAX version at 299,900 yuan (about $41,490). Customers placing significant orders before April 30 can enjoy various complimentary configurations or intelligent driving system benefits. -
Xiaomi CEO Teases Price Under $69,400 for Upcoming Tesla EV Rival SU7
Chinese electronics giant Xiaomi is set to make a bold entrance into the electric vehicle market with the launch of its first car, the SU7, on Thursday. CEO Lei Jun has teased that the sedan will be priced under 500,000 yuan ($69,400), positioning it as a direct competitor to established players like Tesla in China's crowded and cutthroat EV market. -
Xpeng Posts Record Revenues and Positive Margins in Latest Quarter Amidst Auto Industry Price War
Xpeng, a key player in China's electric vehicle (EV) sector, recently offered a glimmer of hope to its investors by reporting a smaller-than-anticipated quarterly loss and projecting an uptick in vehicle deliveries for the first quarter. -
UAW Announces Major Milestone in Organizing Drive at Volkswagen's Chattanooga Plant
Volkswagen workers at the company's Chattanooga, Tennessee plant have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers (UAW). -
Honda and Nissan Forge Partnership to Accelerate Electric Vehicle Development to Chase Chinese Rivals
Honda Motor Co. and Nissan Motor Co. announced a collaborative effort to advance electric vehicle (EV) and intelligent technology development. This historic partnership marks a departure from the traditional rivalry between Japan's second and third-largest automakers, as they join forces to navigate the rapidly evolving EV sector.
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Toyota Leads Japan's Biggest Wage Hikes in 25 Years, Paving Way for BOJ Policy Shift
Toyota Motor has agreed to give its factory workers their biggest pay increase in 25 years. -
Xiaomi Set to Enter EV Market with SU7 Launch, Aims for Global Top Five
Xiaomi is making a bold entry into the electric vehicle (EV) sector with the launch of its first model, the SU7, on March 28. -
Your Car May Be Secretly Recording Your Driving Habits and Sharing Data with Insurance Companies, Leading to Higher Car Insurance Rates
Internet-connected vehicles are gathering data on driving habits and sharing that information with data brokers, which in turn work with insurance companies to create personalized coverage, according to a recent report from The New York Times. This practice has raised concerns about privacy and the potential for increased insurance costs for consumers. -
Nio Faces Uphill Battle with $2.9 Billion Loss as China's EV Sector Gets More Competitive
Nio Inc., the Shanghai-based electric vehicle (EV) manufacturer, is grappling with a widening financial chasm amidst a fiercely competitive market in China, the world's largest arena for electric vehicles. The company's annual loss ballooned to 20.7 billion yuan ($2.9 billion) in the past year, despite posting stronger-than-anticipated sales in the fourth quarter of 2023. -
Tesla Adjusts Model Y Pricing Amid Market Fluctuations and EV Incentive Changes
Tesla Inc. has adjusted the pricing of its Model Y electric vehicles in the United States, marking a strategic move amid fluctuating market demands and the evolving landscape of electric vehicle (EV) incentives.