Autos
- BusinessReuters
Polestar may use US plant to sell cars to Europe as EU-China tension rises
Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is preparing to shift production of cars it plans to sell into Europe to its U.S. plant from China in view of rising geopolitical tension, its CEO said. Asked how Polestar is preparing for a European probe into Chinese-made EVs possibly leading to increased tariffs, Thomas Ingenlath said the automaker is exploring the idea of exporting the Polestar 3 made in South Carolina to the European Union. Polestar builds the majority
2-min read - BusinessReuters
China's Huawei launches new software brand for intelligent driving
BEIJING (Reuters) -Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry. The new brand Qiankun, symbolising a combination of heaven and the Kunlun Mountains, plans to provide self-driving systems involving the driving chassis, audio and driver's seat, Jin Yuzhi, CEO of Huawei's Intelligent Automotive Solution (IAS) business unit, said during an event ahead of the Beijing
2-min read - BusinessTechCrunch
The all-electric Mercedes G-Class ratchets up the tech and off-road capability
The Mercedes-Benz G-Class -- the rugged off-road powerhouse that launched in 1979 and has since become a brutalist status symbol -- has gone electric. This is, in many ways, Mercedes' most prestigious car, a model more prized for its presence and exclusivity than its power and capability. Meet the Mercedes-Benz G 580 with EQ Technology.
7-min read - BusinessReuters
Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo
SAN FRANCISCO (Reuters) -Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. The world's top EV maker said it plans to raise production by 50% from 2023 to its current capacity of close to 3 million vehicles before investing in new manufacturing lines. "This update may result in achieving less cost reduction than previously expected
3-min read - BusinessTechCrunch
Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and "several unforeseen challenges" cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Tesla reported operating income of $1.2 billion in the first quarter, a 54% decrease from the same year-ago period.
6-min read - BusinessThe Telegraph
Tesla to speed up rollout of cheaper electric cars
Tesla is speeding up plans for a range of cheaper cars as Elon Musk’s electric vehicle maker attempts to take on a wave of cut-price Chinese manufacturers.
4-min read - BusinessYahoo Finance
Tesla stock surges as EV maker will 'accelerate' the launch of cheaper cars
Tesla said it would "accelerate" the launch of new models next year, including lower-cost cars, countering reports earlier this month it had scraped those plans.
3-min read
