Tesla to Axe 10% of Workforce as Dipping Sales, Price War Bite

Elon Musk’s firm has seen its stock fall by about 31% so far this year with customers slow to transition…

1 day ago

‘Ban Chinese Electric Vehicles From The US’: Senator

Lawmaker Sherrod Brown, who has also demanded steep tariffs on Chinese EVs, says they are a threat to American automakers

3 days ago

Volkswagen to Pump $2.7bn Into China Site, Boost EV Output

The German automaker is also planning to roll out two new models as part of its tie-up with Chinese firm…

5 days ago

Musk Cancels Low-Cost EV Plans Amid Tough China Competition

The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000

1 week ago

BYD’s EV Victory Over Tesla May Be Short-Lived As Sales Cool

The drop in numbers comes despite steep discounts BYD has handed out on its vehicles, signalling that Tesla's global clout…

2 weeks ago

Tesla Eyes Southeast Asia’s EV Boom But Faces China Challenge

Southeast Asia has emerged as one of the hottest EV markets and could boost Tesla at a time when demand…

1 month ago

China’s Electric Vehicle Sales See Slow Start to The Year

The slowdown has fuelled intensifying competition in China's EV market, led by a fresh round of deep cuts by Tesla-beating…

1 month ago

EU Says China EVs Funded by Subsidies, Plans Retroactive Tariffs

The European Commission said increasing imports from China risked injuring the region's carmakers at a magnitude "that would be difficult…

1 month ago

Tesla-BYD Lock Horns in China With Deep Discounts, Incentives

The world’s two biggest EV-makers have been locked in a drawn-out and brutal price war in China since the beginning…

2 months ago

Chinese Outbound EV Investment ‘Hit Record High in 2023’

China could soon be producing 10 million excess vehicles per year, adding fuel to growing tensions over its state-backed car…

2 months ago

China’s BYD Confirms Mexico Factory Plan But Rules Out Exports

Reports of BYD’s plans to expand production in Mexico spurred speculation that the EV giant was looking for a way…

2 months ago

Volkswagen’s China Troubles Worsen Amid New Forced Labour Claim

VW has said it is reviewing “the future direction of business" in Xinjiang, where a test track was constructed for…

2 months ago