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News
Tesla touts European supervised self-driving safety data ahead of EU vote
8+ hour, 19+ min ago (348+ words) STOCKHOLM, Sept 1 (Reuters) – Tesla’s supervised self-driving technology recorded 4.1 times fewer collisions than manually driven Tesla cars in the five European countries where it is permitted, the automaker said on Tuesday, as it steps up lobbying efforts ahead of an EU…...
Hyundai lifts margin target, expands US hybrid lineup
6+ day, 16+ hour ago (571+ words) By Heekyong Yang and Heejin Kim SEOUL, Aug 26 (Reuters) – Hyundai Motor said on Wednesday it would launch or refresh more than 100 vehicles globally by 2030 and expand its U.S. hybrid lineup, as the South Korean automaker seeks to lift its operating…...
High oil prices, subsidies and affordable models rev up European EV sales
1+ week, 1+ day ago (645+ words) LETCHWORTH, England, Aug 24 (Reuters) – Electric vehicle sales accelerated across much of Europe in July, as high oil prices, subsidies and availability of more affordable models encouraged consumers to ditch their combustion-engine cars, data provided to Reuters showed. EV sales have…...
German state politician calls for EU tariffs on Chinese hybrid cars, letter shows
1+ week, 4+ day ago (162+ words) BERLIN, Aug 21 (Reuters) – Sebastian Lechner, the CDU state chairman of Lower Saxony, is calling for the European Union to quickly impose import tariffs on Chinese hybrid cars, a letter seen by Reuters on Friday showed. • “It is precisely these hybrids…...
Tesla to fix software for millions of China-made, imported EVs in China
1+ week, 4+ day ago (178+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Tesla to fix software for millions of China-made, imported EVs in China BEIJING, Aug 21 (Reuters) – Tesla will roll out software fixes for millions of vehicles in China, the country’s…...
LG Energy, once fixed on EV batteries, jumps to Plan B
1+ week, 6+ day ago (425+ words) Aug 19 (Reuters) – A few years ago, battery manufacturer LG Energy Solution was racing to make cells for electric vehicles. Today, its focus has mostly flipped to a new product: energy storage batteries. Most of LG Energy’s North American factories are…...
Trio of economic forces could boost electric vehicles, WoodMac says
2+ week, 5+ day ago (314+ words) WASHINGTON, Aug 13 (Reuters) – A trio of emerging economic forces could boost global production of electric vehicles with implications for oil, power and metal markets, a report from Wood Mackenzie said on Thursday. The forces are oil supply shocks from wars…...
Global EV sales rise in July as Europe offsets weakness in China and North America
2+ week, 6+ day ago (210+ words) Aug 13 (Reuters) – Global demand for electric vehicles rose for a fifth consecutive month in July, driven by robust growth in Europe while sales weakened in China and North America, data from consultancy Benchmark Mineral Intelligence showed on Thursday. Sales of…...
South Korea’s Samsung SDI to buy out GM’s stake in battery joint venture
3+ week, 18+ hour ago (316+ words) Aug 11 (Reuters) – South Korean battery maker Samsung SDI said on Tuesday it will end its joint venture agreement with General Motors in Indiana and acquire the U.S. firm’s 49.99% stake, citing weaker-than-expected electric vehicle demand. Here are some details: • Samsung SDI…...
Tesla’s July China-made EV sales rise 37.8% y/y
4+ week, 11+ hour ago (264+ words) BEIJING, Aug 4 (Reuters) – Tesla’s China-made electric vehicle sales rose 37.8% in July from a year earlier, marking the ninth straight month of growth as the U.S. automaker reports a mixed performance across its markets. Sales of Model 3 and Model Y…...