News
European car sales grow in March as EV rise offsets combustion en
52+ min ago (440+ words) In March 2026, new car registrations across the EU, UK, and EFTA surged 11. 1% to 1. 58 million units, led by booming electric vehicle (EV) sales that offset declines in petrol and diesel models, with Tesla and BYD posting strong growth. By Javi West…...
Tesla Revenue Misses Wall Street Estimates as EV Demand Cools
7+ hour, 7+ min ago (877+ words) Tesla's Q1 2026 revenue came in at $22. 39billion, falling short of the $22. 6billion Wall Street consensus, as demand softened following the expiration of the $7, 500 U. S. EV tax credit and increased competitive pressure. By Akash Sriram and Abhirup Roy April 22 (Reuters) - Tesla surprised investors on Wednesday…...
This week at Space X: AI bets, losses and push for control as mega
1+ day, 6+ hour ago (284+ words) Space X this week struck a major AI partnership with Cursor'an option to acquire the $5060billion coding startup or pay $10billion for collaboration'and revealed heavy 2025 AI'driven losses while launching a Wall Street roadshow ahead of a potential late'June IPO. April 21 (Reuters) - Elon…...
Spain and Ireland are set to assess viability of undersea power l
1+ day, 15+ hour ago (287+ words) Spain and Ireland are signing a preliminary pact to explore an undersea power link, enhancing renewable energy exchange and addressing Spain's low interconnection with Europe amid EU decarbonisation and security goals. MADRID, April 21 (Reuters) - Spain and Ireland's energy ministers will…...
Einride to Deploy 75 Electric Trucks for Amazon's US Freight Network
1+ day, 20+ hour ago (297+ words) Einride, a Swedish electric and autonomous trucking firm, will supply 75 manually operated electric heavy'duty trucks and charging infrastructure to Amazon across five U. S. sites, using its Saga AI platform to optimize routing and charging. April 21 (Reuters) - Swedish trucking company Einride said…...
Ferrari Sets Price for First Electric Car Luce at Over $640, 000
1+ day, 12+ hour ago (169+ words) Ferrari's first fully electric model, the Luce, is priced at approximately "550, 000 (~$647, 130) ahead of its debut in Rome next month. Positioned as an ultra-luxury four-door grand tourer with over 1, 000 hp, it marks a bold entry into the EV segment. April 21 (Reuters)…...
Enea to Double Renewable Spending in 2027 with Battery Storage Rollout
1+ day, 16+ hour ago (281+ words) Enea plans to more than double renewable energy CAPEX in 2027, driven by the commissioning of 866 MW of battery storage. The investment is part of its broader PLN108bn energy'transition programme through 2035, complementing gas, coal, and grid upgrades. April 21 (Reuters) - Polish utility Enea…...
German Carmakers Lose Ground to Chinese EVs in World's Largest Market
1+ day, 21+ hour ago (921+ words) German automakers like Volkswagen, Audi, BMW and Mercedes once dominated China's auto market but now trail behind fast'moving homegrown EV brands such as BYD and Geely among younger buyers, losing both market share and premium appeal. BEIJING, April 21 (Reuters) - More…...
Renault to Cut Engineering Staff by 1520% to Boost Agility
1+ week, 1+ day ago (311+ words) Renault announced on April 14, 2026, plans to slash its engineering workforce by 1520% over the next two years to boost agility and resilience. The move aligns with broader restructuring, including scaling back EV-related units and refocusing on core profitable operations. PARIS, April…...
Record EV Sales in Europe Driven by Surging Petrol Prices in March
1+ week, 2+ day ago (440+ words) High petrol prices in Europe, triggered by the Iran war, sparked record EV registrations in March'especially in Europe'with global EV sales rebounding for the first time this year, per Benchmark Mineral Intelligence data. April 14 (Reuters) - High petrol prices in Europe…...