In an era where high-tech solutions and automotive innovation shape the future, China continues to set the pace on the global stage. SAIC $600104.SS and technology leader Huawei $7709.TWO have joined forces to launch a new electric vehicle brand, Shangjie. The first model is slated for release this fall, as announced by Richard Yu, Chairman of Huawei’s Consumer Business Group.
In recent months, the landscape of the electric vehicle (EV) market in California has undergone significant changes, particularly concerning Tesla Inc. $TSLA. According to the California New Car Dealers Association, Tesla's market share of electric vehicles fell to 43.9% in Q1 2025, down from 55.5% a year earlier. This decline raises serious questions about the company's future in a state that accounts for nearly one-third of all zero-emission vehicle sales in the United States.
In March, global sales of electric and plug-in hybrid vehicles surged by 29% year-over-year. This robust growth was primarily led by dynamic markets in Asia and Europe, while North America faced a slowdown driven by tariff policies and ongoing uncertainty regarding emissions standards. The analysis, based on data from Rho Motion, highlights the delicate balance between growth opportunities and regulatory challenges in the electric vehicle (EV) industry.
In a climate of market uncertainty and declining demand for electric vehicles, Chinese company Contemporary Amperex Technology Co. Ltd. (CATL) has shown impressive profit growth in the first quarter of 2025. This article explores the key factors contributing to the company’s success, as well as the potential implications for the global electric vehicle market.
California-based Lucid Group has taken a significant step in expanding its production capabilities by acquiring certain assets and properties in Arizona from the bankrupt Nikola Corp. The deal does not include Nikola's business or technologies related to hydrogen fuel cell trucks, allowing Lucid to concentrate on its strategic objectives.
The electric vehicle brand Polestar, a Swedish manufacturer that is part of billionaire Li Shufu's automotive empire, has recently announced a reduction in its presence in the Chinese market. This decision includes downsizing its store network and exiting a joint venture focused on sales and marketing with a local company. The key takeaways from this move highlight a changing perception of competitiveness and strategy in the largest automotive market in the world.
Recent events surrounding Tesla Inc. in China have caught the attention of experts and analysts in the investment sector. Specifically, the company has removed the "Order Now" option for its imported electric vehicles, Model S and Model X, from its website. This change occurred shortly after China implemented retaliatory measures against tariffs introduced by U.S. President Donald Trump.
On Thursday, Tesla caused a significant stir in the automotive innovation scene with the launch of the new Cybertruck long-range model. Priced at $69,990, this variant stands out as the most affordable among the three currently offered in the United States. This highly anticipated update not only underscores Tesla’s commitment to leading in electric vehicle technology but also reflects strategic positioning amid global trends in sustainable mobility and fluctuating financial markets.
General Motors is steering its future strategy with a decisive move in a rapidly evolving automotive landscape. The company has announced that it will cease the production of the three-row Cadillac XT6 powered by a gasoline engine at its Spring Hill Assembly plant in Tennessee by the end of 2025. This decision, driven by long-term strategic planning rather than external tariff pressures, marks a pivotal transition toward a fully electric lineup under the Cadillac brand.
The ever-evolving technological landscape and dynamic financial markets are continuously fostering new partnerships and strategic alliances. One striking example is the recent statement by Jun Seki, Foxconn's Director of Electric Vehicle Strategy. Although the Taiwanese tech giant is not currently partnering directly with Nissan, its leadership is expressing a clear readiness to open new doors for future collaborations with the renowned Japanese automaker. Seki’s comments, featured in Nikkei’s interview, underscore Foxconn’s ambition to secure a leading position in the competitive electric mobility market.
South Korean automotive giant Kia Corp is once again capturing the attention of industry experts with its ambitious yet recalibrated sales targets for electric and hybrid vehicles. The company recently announced plans to lower its electric vehicle (EV) sales goal from 1.6 million to 1.26 million units by 2030, while setting a target of 993,000 hybrid vehicles. This strategic pivot has been largely driven by growing uncertainties surrounding U.S. automotive policies. In a rapidly shifting global landscape influenced by fluctuating trade dynamics and evolving regulatory frameworks, Kia’s revised objectives provide a compelling insight into how traditional automakers are adapting to modern challenges.
In the first quarter of 2025, Volkswagen AG reported significant growth in global deliveries, driven by increased demand for electric vehicles. This trend comes as consumers begin to show less loyalty to Tesla and its CEO Elon Musk. This article examines the factors behind Volkswagen's growing supply figures and provides an overview of the current landscape of the electric vehicle market.
