Latest Electric vehicles News

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

May. 14, 2024 03:01 AM 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 gained 0.3% to 38,287.41. Australia's S&P/ASX 200 slipped 0.4% to 7,723.10. South Korea's Kospi rose...

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...

US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say

May. 10, 2024 19:03 PM EDT

WASHINGTON (AP) — The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan. Tariffs on electric vehicles, in...

Nxu: Q1 Earnings Snapshot

May. 10, 2024 13:21 PM EDT

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

May. 10, 2024 11:36 AM EDT

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

May. 10, 2024 10:08 AM EDT

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...