Latest Electric vehicles News
Nxu: Q1 Earnings Snapshot
MESA, Ariz. (AP) — MESA, Ariz. (AP) — Nxu, Inc. (NXU) on Friday reported a loss of $6.5 million in its first quarter. The Mesa, Arizona-based company said it had a loss of 91 cents per share. The electric vehicle maker posted revenue of $4,000 in the period. ...
Police prevent environmental activists from storming Tesla factory in Germany
German police said Friday they had prevented hundreds of demonstrators from storming Tesla’s factory near Berlin during protests against the pioneering electric carmaker over its environmental footprint. Crowds of demonstrators gathered near the Grunheide factory, Tesla’s only...
Japanese automaker Honda reports booming profit on sales growth, weak yen
TOKYO (AP) — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday. Annual profit at Tokyo-based Honda Motor Co. totaled 1.1 trillion yen ($7 billion) as sales surged...
European companies are less upbeat about China's vast market as its economy slows
BEIJING (AP) — China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to expand their businesses in the world's second largest economy, an annual survey of more than 500 European companies found. The slowing...
Hungary and China sign strategic cooperation agreement during visit by Chinese President Xi
BUDAPEST, Hungary (AP) — Hungary and China signed a number of new agreements on Thursday to deepen their economic and cultural cooperation during a visit to the Central European country by Chinese President Xi Jinping, a trip meant to solidify China's economic footprint in the region. ...
As electricity demand increases, California regulators OK change to how power bills are calculated
SACRAMENTO, Calif. (AP) — California regulators on Thursday voted to make it cheaper for people to charge electric cars and cool their homes in the summer, a decision heralded as part of the state's transition to clean energy but derided by others who warn it will raise prices for people who...
Chevrolet Malibu heads for the junkyard as GM shifts focus to electric vehicles
DETROIT (AP) — The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for the junkyard. General Motors confirmed Thursday that it will stop making the car introduced in 1964 as the company focuses more on electric vehicles. The midsize...
Japanese automaker Nissan reports 92% jump in profit as sales surge
TOKYO (AP) — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7 billion) as sales grew in all major global markets except China, the Japanese automaker said Thursday. Annual sales surged nearly 20% to 12.7 trillion yen ($81.5 billion), Nissan...
More and faster: Electricity from clean sources reaches 30% of global total
Billions of people are using different kinds of energy each day and 2023 was a record-breaking year for renewable energy sources — ones that don't emit planet-warming pollutants like carbon dioxide and methane — according to a report published Wednesday by Ember, a think tank based in London. ...
Toyota racks up booming profit, vows to invest to keep growth going
TOKYO (AP) — Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion...
