Latest Electric vehicles News

US suggests additional tariffs if production of Chinese electric vehicles moves to Mexico

May. 14, 2024 14:34 PM EDT

WASHINGTON (AP) — The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the...

Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump

May. 14, 2024 14:11 PM EDT

WASHINGTON (AP) — President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that's increasing friction between the world's...

Anglo American plans to break up its sprawling business as it tries to fend off takeover

May. 14, 2024 10:34 AM EDT

LONDON (AP) — Mining giant Anglo American PLC plans to break up its sprawling worldwide business — including spinning off the DeBeers diamond operation — as it seeks to fend off a takeover and focus on minerals that are expected to boom amid the global shift to green energy. ...

Europe's Stellantis and China's Leapmotor will sell electric cars in Europe from September

May. 14, 2024 08:22 AM EDT

HONG KONG (AP) — European carmaker Stellantis on Tuesday said it had formed a joint venture with the Chinese electric vehicle startup Leapmotor that will begin selling EVs in nine European countries later this year. Sales will begin in September for Belgium, France, Italy, Germany,...

New industry readies for launch as researchers hone offshore wind turbines that float

May. 14, 2024 07:21 AM EDT

ORONO, Maine (AP) — As waves grew and gusts increased, a wind turbine bobbed gently, its blades spinning with a gentle woosh. The tempest reached a crescendo with little drama other than splashing water. The uneventful outcome is exactly what engineers aimed for. The...

Xi's visit to Hungary and Serbia brings new Chinese investment and deeper ties to Europe's doorstep

May. 14, 2024 00:07 AM EDT

BUDAPEST, Hungary (AP) — When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered an indispensable ally rather than a rival. By the time he left on Friday, he'd secured deals that provide fertile ground...

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges

May. 13, 2024 23:28 PM EDT

TOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan's benchmark Nikkei 225 lost early gains and was trading less than 0.1% higher at 38,194.38. Australia's...

Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry

May. 13, 2024 16:23 PM EDT

LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals...

Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry

May. 13, 2024 16:21 PM EDT

LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals...

GM's Cruise to start testing robotaxis in Phoenix area with human safety drivers on board

May. 13, 2024 15:02 PM EDT

DETROIT (AP) — General Motors' troubled Cruise autonomous vehicle unit said Monday it will start testing robotaxis in Arizona this week with human safety drivers on board. Cruise said that during the testing, it will check the vehicles' performance against the company's...