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Finance

China’s automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home

BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can’t afford to take it easy in the country’s electric…
Finance

China’s Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

BEIJING — Chinese smartphone company Xiaomi‘s new electric vehicle is selling better than expected, putting it closer to break-even despite…
Finance

90% of qualifying electric-vehicle buyers opt for $7,500 ‘new clean vehicle’ tax credit as upfront payment, Treasury says

The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the…
Finance

A Chinese smartphone maker is breaking into EVs and challenging Tesla. How the stock rates now.

Finance

China’s Nio to expand battery swap services to gain an edge on EV infrastructure

BEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an…
Finance

Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV

BEIJING — Shares of Chinese smartphone maker Xiaomi surged as much as 16% on Tuesday, the first trading day since…
Finance

Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up

BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model…
Politics

Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets

Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global economy as a dumping ground for its…
Politics

SpaceX hit with new NLRB complaint over severance agreements, dispute resolution rules

The National Labor Relations Board accused SpaceX in a new complaint of entering into unlawful severance agreements with terminated employees…
Politics

Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond: police

Foremost Group CEO Angela Chao was intoxicated last month when she accidentally drove her Tesla X SUV in reverse over…