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New Kia Carens to Debut in India on May 8, 2025

24/04/2025

Kia India is set to unveil the refreshed 2025 Carens on May 8, 2025, marking a significant update to its popular MPV. This mid-cycle facelift introduces both design enhancements and technological advancements, including the debut of an all-electric variant later in the year. Exterior and Interior Enhancements The 2025 Carens will showcase a revamped front fascia featuring vertically stacked LED … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-17

ID. AURA, ID. ERA and ID. EVO: Volkswagen unveils three concept vehicles in Shanghai

24/04/2025

Volkswagen is now telling the rest of the ID. CODE story. The concept car presented in Beijing in 2024 charted the course in terms of design, innovations and customer benefit. Building on this, the brand is now unveiling three new concept cars at Auto Shanghai together with its Chinese joint venture partners. The ID. AURA (from FAW-Volkswagen), the ID. ERA (from SAIC VOLKSWAGEN) and the ID. … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-17

South Korea to target lower tariffs in opening round of US trade talks

24/04/2025

Summary Cooperation on shipbuilding, energy and defence costs potentially on agenda Talks seen as ‘opening salvo’, may extend over longer time frame, analyst says Political crisis complicates Seoul’s negotiation commitments SEOUL, (Reuters) – A South Korean delegation will meet U.S. counterparts on Thursday for an opening round of trade talks, with cooperation on shipbuilding and energy expected … [Read more...]

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European car sales rise in March, Tesla drops 28.2%

24/04/2025

(Reuters) – Tesla’s new car sales in Europe dropped 28.2% in March from a year earlier, even as overall battery electric vehicle sales rose 23.6% in the month, according to data from the European Automobile Manufacturers Association (ACEA). Total new car sales in Europe rose 2.8% in the month, boosted by double-digit jumps in Britain and Spain, as EV gains offset a fall for petrol and diesel cars, … [Read more...]

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Even Porsche can’t find its lane in China as foreign automaker sales skid

24/04/2025

Summary Porsche sales fell 42% in China in the first quarter Sharp decline of legendary brand reflects wider China-market problems for all foreign automakers Chinese EV makers moving into premium segments after dominating low-cost EVs SHANGHAI, (Reuters) – Foreign automakers in China face an increasingly urgent challenge at this year’s Shanghai auto show – winning back Chinese buyers while their … [Read more...]

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Trade war, safety concerns take centre stage at Shanghai auto show

24/04/2025

Summary Show opens as US-China trade war impacts the auto industry Chinese regulators have hiked scrutiny of smart-driving features Automakers focus on safety messaging, EV products, at show SHANGHAI, (Reuters) – China’s annual auto shows have become the world’s premier showcase for the rise of ever-cheaper, high-tech electric vehicles from domestic brands in the world’s biggest car market. But … [Read more...]

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Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute

24/04/2025

SHANGHAI, (Reuters) – Mercedes-Benz CEO Ola Källenius said on Wednesday the German automaker was urging the European Union to find an “equitable solution” to create a level-playing field for China-made electric vehicles in Europe. A pure tariff barrier was the “crudest instrument” that could be applied, he told reporters on the sidelines of the Shanghai auto show. “We need to seek win wins. A … [Read more...]

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Exclusive: China EV giant BYD reboots Europe operations after strategic stumbles, sources say

24/04/2025

Summary China’s EV leader expanded to Europe with high expectations but saw slow initial sales BYD sources said company was slow to offer hybrids, expand dealer network BYD has moved swiftly to address problems, hire European execs with local-market knowledge MILAN/SHANGHAI, (Reuters) – China’s leading EV maker BYD is overhauling its European operations after strategic missteps including … [Read more...]

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Investors relieved Musk will refocus on Tesla, but worry about brand damage

24/04/2025

Summary Musk to reduce DOGE involvement, focus more on Tesla Experts warn Tesla faces long road to brand recovery Tesla’s Q1 profit drops 71%, misses estimates (Reuters) – Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged … [Read more...]

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US Supreme Court poised to revive challenge to California emissions standards

24/04/2025

Summary Biden’s EPA let California set tougher emissions standards Supreme Court limited EPA regulatory powers in prior cases WASHINGTON, (Reuters) – U.S. Supreme Court justices appeared sympathetic on Wednesday to a bid by fuel producers to challenge California’s standards for vehicle emissions and electric cars under a federal air pollution law in a case involving the Democratic-governed … [Read more...]

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Delhi to roll out 76 electric buses under ‘DEVI’ initiative to boost last-mile connectivity

23/04/2025

Source : PTI | In a boost to last-mile connectivity and sustainable transport, the Delhi government is set to roll out 76 electric buses from the Ghazipur depot starting Tuesday, transport department officials said. According to officials, the first batch of these 76 buses will operate from the Ghazipur depot under the Delhi Electric Vehicle Interchanges (DEVI) initiative. The electric bus service … [Read more...]

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Democratic state treasurers raise concerns over Musk’s lack of focus on Tesla

23/04/2025

(Reuters) – Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk’s lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment. Tesla deliveries plunged 13% in the first quarter due to backlash against Musk’s politics, as well as rising global competition and people waiting for a refresh of its highest-selling … [Read more...]

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Tesla shorts up $11.5 billion for the year with positioning bearish

23/04/2025

(Reuters) – Tesla short sellers are up an estimated $11.5 billion for the year-to-date and positioning is bearish going into the electric vehicle maker’s quarterly results due after market close, according to the latest report from S3 Partners. Tesla shares have tumbled 40% so far this year and analysts are expecting a weak report as January-March deliveries slid 13%, with market share losses to … [Read more...]

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FAW’s chairman says Hongqi targets 500,000 vehicle sales in 2025

23/04/2025

SHANGHAI, (Reuters) – FAW’s Chairman Qiu Xiandong said on Wednesday at the Shanghai auto show that Hongqi targets 500,000 vehicle sales in 2025, with half of them new energy vehicles. Reporting by Qiaoyi Li and Brenda Goh; Editing by Jacqueline Wong Source: worldautoforum.com … [Read more...]

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Tesla CEO Elon Musk dreams big but often delivers late

23/04/2025

(Reuters) – Tesla CEO and billionaire entrepreneur Elon Musk has a long history of making ambitious promises and often delivering late. Many of his biggest ideas are still in the works. Musk has described himself as pathologically optimistic, saying he does deliver in the end, “which is the important thing”. His ambition and success with electric vehicles has turned Tesla into the world’s most … [Read more...]

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China’s Nio delays Europe launch of Firefly EV to third quarter

22/04/2025

SHANGHAI, (Reuters) – China’s Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region. The company unveiled the Firefly brand in December as a rival product to Mercedes-Benz’s Smart and BMW’s Mini and said at the time it would … [Read more...]

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Tesla’s affordable EV, robotaxis in focus after Musk backlash, competition hurt demand

22/04/2025

Summary Investors await affordable Tesla EV launch amid sales slump Robotaxi plans face delays, safety concerns and tariff issues Musk’s political involvement impacts Tesla’s brand and stock value (Reuters) – Tesla investors will be eager to ask CEO Elon Musk two pressing questions when the electric vehicle maker reports results on Tuesday: when will the affordable vehicle launch, and is the … [Read more...]

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China’s CATL launches new sodium-ion battery brand

22/04/2025

SHANGHAI, (Reuters) – China’s CATL on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars. CATL became the first major automotive battery maker to launch a sodium-ion battery in 2021. Unlike other battery materials, sodium is cheap and abundant, and the … [Read more...]

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At China auto show, EV makers to grapple with autonomous-tech crackdown, launch Tesla ‘killers’

22/04/2025

Summary BYD, Geely, Volkswagen among brands to showcase models Chinese regulators have tightened scrutiny on automated driving features Several Chinese automakers expected to launch rivals to Tesla’s Model Y SHANGHAI, (Reuters) – More than 70 Chinese and international automotive brands will showcase more than 100 new or refreshed models at the Shanghai auto show this week, intensifying already … [Read more...]

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FTC accuses Uber of misleading subscribers

22/04/2025

WASHINGTON, (Reuters) – The U.S. Federal Trade Commission on Monday sued Uber Technologies, accusing it of signing up some Uber One subscribers without their knowledge and making deceptive claims about the service. The service costs $9.99 a month and offers discounts on fees associated with Uber’s ride-hailing and food-delivery apps. Uber falsely claimed that users would save about $25 a month … [Read more...]

Filed Under: INDUSTRY NEWS Tagged With: Source-17

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