BEIJING, (Reuters) – Chinese electric vehicle maker BYD’s Fangchengbao brand is offering a limited-time 20,000 yuan ($2,790.33) discount for the Huawei Qiankun Advanced Driving System package, Fangchengbao said in a social media post on Wednesday. Buyers who place their orders in July would pay 12,000 yuan for the assisted driving system package, compared with the 32,000 yuan, one-time purchase … [Read more...]

BEIJING, (Reuters) – China’s Xiaomi will only consider selling cars outside China from 2027, Lei Jun, CEO of the smartphone turned electric vehicle maker, said during a livestream on Wednesday. The company has to focus on its domestic market in the meantime given robust orders for its SU7 and YU7 cars, he said. Xiaomi had earlier mentioned 2027 as the first year for potential overseas shipments of … [Read more...]

(Reuters) – Electric automaker Lucid on Wednesday reported a 38% rise in second-quarter deliveries, which, however, missed Wall Street expectations amid economic uncertainty. Demand for Lucid’s pricier luxury EVs have been softer as consumers, pressured by high interest rates, shift towards cheaper hybrid and gasoline-powered cars. Lucid delivered 3,309 vehicles in the quarter ended June 30, … [Read more...]

LONDON, (Reuters) – Chinese automaker Changan plans a European factory to support its future sales on the continent and is already weighing up possible locations for the plant, an executive told Reuters on Wednesday. “We’re committed to being in Europe, making in Europe for Europe,” said Nic Thomas, Changan’s European head of marketing, sales and service, during a test drive of the automaker’s … [Read more...]

Summary Renault to adjust Nissan stake value using current share price One-off loss of 9.5 billion euros won’t hit dividends, guidance Move further weakens decades-old alliance between the two firms PARIS, (Reuters) – Renault will book a one-off loss of about 9.5 billion euros ($11 billion) on its stake in Nissan Motor, the French carmaker said on Tuesday, writing down its years-long investment … [Read more...]

Summary Some 240,000 orders for SUV placed in 18 hours after its launch last Thursday Only a small number of cars were ready for immediate delivery Hundreds of buyers complain after learning of 38-60 week wait Complaints are latest to face the electronics turned EV maker SHANGHAI, (Reuters) – China’s Xiaomi is telling customers of its new YU7 electric sports utility vehicle they will have to … [Read more...]

Summary New model replaces and upgrades Ferrari Roma Selling price starts from 240,000 euros First deliveries expected in first quarter 2026 MILAN, (Reuters) – Ferrari revealed its new Amalfi coupe on Tuesday as the luxury sportscar maker mixes petrol and hybrid models in its range while preparing for the launch of its first fully electric vehicle. The eight-cylinder, 3.85-litre Amalfi replaces … [Read more...]

(Reuters) – An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs. The Electrification Coalition said killing the credits “driving much of the nation’s manufacturing investment at this critical juncture would … [Read more...]

Summary Trump suggests DOGE review Musk’s subsidies for savings Musk criticizes tax-cut bill, calls for a new political party Tesla shares drop 5.5% amid subsidy threats Sales of Tesla struggle worldwide as Musk bets on robotaxis Tesla sales figures due Wednesday WASHINGTON, (Reuters) – U.S. President Donald Trump on Tuesday threatened to cut off the billions of dollars in subsidies that Elon … [Read more...]

(Reuters) – Japan engages in “unfair” automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday. Tokyo is scrambling to find ways to get Washington to exempt Japan’s automakers from 25% automobile industry-specific tariffs, which are hurting … [Read more...]

STUTTGART, (Reuters) – There has been no disruption to production due to limited raw material exports from China at German carmaker Mercedes-Benz a senior executive said on Monday. Joerg Burzer, head of production at Mercedes, said the company remained vigilant over supply chain risks, particularly a shortage of rare earths, but had not experienced any issues to date. “There’s been no incident so … [Read more...]

BEIJING, (Reuters) – Tesla’s first batch of V4 superchargers has begun operation in China, covering Shanghai, Chongqing, Gansu and Zhejiang provinces, the U.S. automaker said on Monday. The superchargers will gradually be deployed in Beijing, Guangdong province and other Chinese localities and will be open to other electric vehicle brands, the automaker said. Reporting by Beijing newsroom; Editing … [Read more...]

(Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday it has opened a preliminary evaluation into 91,856 Jaguar Land Rover vehicles over the risk of faulty front steering knuckles. The auto safety agency received reports that one or both of the aluminum front steering knuckles, which connect the front tires to crucial components such as the brake assembly, had … [Read more...]

FRANKFURT, (Reuters) – Mercedes-Benz expects tariff-related headwinds to the profit margin at its core cars division to be less than 3% in the second quarter, brokerage Bernstein wrote in a note, following a regular investor call ahead of quarterly results. This was due to “some de-escalation of tensions between the US and China, some tariff offsets and timing because tariffs were only ramping up … [Read more...]

(Reuters) – Chrysler parent Stellantis, opens new tab is recalling 250,651 vehicles in the U.S. due to an improperly sealed side curtain air bag, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday. The recall affects certain 2022-2025 Pacifica and Voyager vehicles. An air bag with insufficient pressure retention increases the risk of ejection and injury during a … [Read more...]

HANOI, (Reuters) – Vietnamese electric vehicle manufacturer VinFast began production on Sunday at its second domestic factory, aiming to ramp up output of affordable mini urban models as its global expansion plans face delays. The new facility, located in the central province of Ha Tinh, has an initial annual capacity of 200,000 units and spans 36 hectares (90 acres), the company said in a … [Read more...]

(Reuters) – Japan engages in “unfair” automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday. Tokyo is scrambling to find ways to get Washington to exempt Japan’s automakers from 25% automobile industry-specific tariffs, which are hurting … [Read more...]

Summary European suppliers receive enough licences to avoid disruptions, but many permits still pending China’s export restrictions cause 75% drop in rare earth magnet exports U.S.-China deal aims to expedite rare earth shipments to U.S. companies BERLIN/BEIJING, (Reuters) – (This June 27 story has been corrected to fix the name of Dexter Magnetic Technologies CEO to Joe Stupfel, not Kash … [Read more...]

Source : PTI | Maharashtra Minister Pratap Sarnaik has said the government is committed to addressing the grievances of transport operators, who have threatened to go on strike from July 1 to protest against the e-challan system for traffic violations. The minister on Thursday directed officials to form a committee and submit a report within one month concerning the transporters’ strike … [Read more...]

Akzo Nobel N.V. has signed an agreement to sell its shareholding in Akzo Nobel India Limited (ANIL) to the JSW Group, one of India’s leading diversified conglomerates. The transaction is based on a total enterprise value of approximately €1.4 billion, representing an EV/EBITDA multiple of 22x, and includes AkzoNobel’s liquid paints and coatings business in India. The India Powder Coatings business … [Read more...]