Latest Electric vehicles News
China protests over EU move to hike tariffs on Chinese electric vehicles
BEIJING (AP) — China’s Commerce Ministry on Thursday accused the European Union of making unreasonable demands in its investigation into imports of Chinese electric vehicles before announcing it was raising tariffs by as much as 38%. Ministry spokesman He Yadong said the European...
Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S....
China's premier gets a red-carpet welcome as he begins visit in Malaysia
KUALA LUMPUR, Malaysia (AP) — China's premier received a red-carpet welcome as he arrived Tuesday in Malaysia, the last leg of a regional tour, to celebrate a half-century of diplomatic ties between the two nations. Li Qiang is the first Chinese premier to visit Malaysia since...
Hyundai to start manufacturing IONIQ 5 electric SUVs at new Georgia plant this fall
SAVANNAH, Ga. (AP) — Hyundai Motor Group said Tuesday that it plans to begin manufacturing IONIQ 5 electric SUVs at its sprawling new plant in Georgia this fall. It was the first time the South Korean automaker has identified which model of electric vehicle it will produce at its...
China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce...
Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership
TOKYO (AP) — Toyota shareholders voted Tuesday in support of all the company's proposals, including keeping Akio Toyoda, grandson of the Japanese automaker’s founder, as chairman on the board. Details on the vote tallies were not immediately available. But the company confirmed...
China keeps lending rate unchanged as data show housing market is still struggling
BANGKOK (AP) — China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year...
Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal
TOKYO (AP) — Toyota’s chairman Akio Toyoda will be facing some disgruntled shareholders this week, as two major proxy groups demand a vote against keeping the grandson of the founder on its board. The vote expected at the June 18 annual shareholders meeting comes after Toyota...
How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs
Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk's record-setting Tesla compensation dwarfs them by comparison. Tesla shareholders on Thursday voted overwhelmingly in favor of restoring...
Chinese premier lands in Australia on first such visit in 7 years
MELBOURNE, Australia (AP) — Chinese Premier Li Qiang arrived in Australia on Saturday on a relations-mending mission with panda diplomacy, rock lobsters and China’s global dominance in the critical minerals sector high on the agenda. His visit is the first by a Chinese premier in...
