Tesla Inc. $TSLA is encountering a significant headwind as deliveries from its Shanghai Gigafactory decline for the eighth consecutive month. Official data signal persistent softness, with 61,662 Model 3 and Model Y units shipped in May, 15% below the previous year’s comparable period, according to the China Passenger Car Association. This extends a troubling trend for the automaker, amplifying its worldwide sales challenge.
Nio Inc. $NIO, a prominent Chinese electric vehicle manufacturer, is imposing a significant reduction on its research and development allocation, aiming to reach breakeven in the fourth quarter. The company revealed in its latest financial statement that R&D spending is set to drop by 20-25%, to a quarterly range of 2 billion–2.5 billion yuan (USD 278–347 million). This adjustment marks a clear shift in priorities amid ongoing pressure to achieve sustainable profitability.
Ford Motor Co. $F has initiated a recall of 29,501 units of its 2024–2025 F-150 Lightning BEV (Battery Electric Vehicle) in the United States. According to a notice published Saturday by the National Highway Traffic Safety Administration (NHTSA), the recall is linked to a potential steering control arm disconnection issue, which could cause loss of steering and significantly increase the risk of a crash.
Indian automaker Bajaj Auto $BAJAJELEC.NS, a key player in the electric vehicle (EV) sector, is facing significant challenges due to a shortage of rare earth magnets, essential components for electric motors. China dominates over 90% of global production of these magnets, which are critical not only for EVs but also for clean energy technologies and household appliances. In April 2025, Beijing imposed export restrictions requiring companies to obtain special permits, disrupting supply chains and jeopardizing Bajaj Auto’s plans to scale up EV production by July.
Ferrari NV $RACE, renowned for its high-performance supercars, is gearing up to launch its first fully electric vehicle — the Elettrica EV. Set to debut in October, this launch could play a pivotal role in revitalizing the company's sales in China, particularly in light of recent changes in the nation's tax policies.
Hyundai Motor Co. $005380.KS is making a decisive move in the electric vehicle (EV) sector by announcing the launch of its first sports electric vehicle, designed specifically for the Chinese market. This initiative aims to bolster the company's position amidst increasing local competition and declining sales figures.
Mercedes continues to solidify its position in the electric vehicle market by unveiling the new CLA model, which stands out not only for its advanced technical specifications but also for its unique features. This car combines elegant design, high comfort levels, and modern technological solutions that redefine the premium electric car segment.
Electric vehicles are gaining traction due to their environmental benefits and the rapid advancements in technology. This trend has led the automotive industry to introduce innovative solutions, such as the new electric Lexus RZ 550e F Sport, set to hit the market this fall.
Porsche AG has announced plans for the launch of an electric version of its iconic luxury SUV, the Cayenne, at the end of this year in the U.S. This move responds to the rising demand for electric vehicles in North America and reflects strategic adjustments within the brand's portfolio.
South Korean automaker Kia $000270.KS is making strides with the unveiling of the first images of its new model, the Kia EV4. This new electric vehicle will be available in two distinct body styles: sedan and hatchback. Let's dive deeper into what this exciting release has to offer.
Shares of Xiaomi Corp. $1810.HK captured attention on the Hong Kong stock market on Friday as their value soared to a new record. This surge is attributed to the launch of new products and government subsidy programs being implemented in China.
