China's push to implement robotaxis gains favor from the public but sparks job security concerns among traditional taxi drivers, especially with Baidu's plan to expand its fully driverless fleet in major cities.
Automotive
Chinese EV Makers to Dominate 70% of Market by 2030 Despite EU and US Tariffs
Foreign carmakers in China face increasing challenges in the EV market. Chinese EV makers are expected to occupy 70% of the EV market by 2030 while facing increasing EU and US tariffs.
GM Receives $500 Million Grant From DOE For EV Production in Lansing Grand River Assembly Plant
General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.
Tesla Delays Launch of Long-Awaited Robotaxi, Triggering 8% Drop in Stock Value
Elon Musk's Tesla shares fell 8% after reports that it would delay its Robotaxi debut by two months.
Grab's Trans-Cab Takeover Could Stifle Competition, Competition Watchdog Warns
The CCCS warns that Grab's proposed acquisition of Trans-cab could lead to unfair market dominance in Singapore's ride-hailing sector, reducing competition and boosting driver shortage.
Latest News
BMW has issued a recall for 394,000 cars in the US because of defective Takata airbag inflators that might cause severe or fatal injuries.
China-based BYD has committed to constructing a $1 billion assembly plant for electric vehicles (EVs) in Turkey.
Fisker Automotive Inc. is recalling over 12,000 Ocean electric vehicles worldwide due to faulty door handles. This is the company's third recall this month as it faces ongoing investigations by the NHTSA.
Hyundai Motor Co. reached a tentative wage deal with its labor union in South Korea on Monday. Hyundai Motor Co. reached a tentative wage deal with its labor union in South Korea on Monday, potentially averting a strike at its main manufacturing hub.
European tariffs have reportedly slowed China's electric and plug-in hybrid vehicle export growth by 20-30% in recent months.
Tesla has achieved a milestone as the first foreign-owned electric vehicle brand to be included in a Chinese government procurement list.
Chinese automaker GAC is in talks with Turkey's TOGG for potential joint EV production ventures, a potential bilateral cooperation in both countries' automotive sectors.
Tesla's Model Y is now included on a Chinese government purchase list, making it the first foreign-owned electric vehicle brand approved for procurement by Jiangsu province.
Tesla's short sellers lost $3.5 billion after the firm announced better-than-expected electric car sales this week.
