China has spent at least $230 billion to build its EV industry, new study finds
BEIJING — China spent $230.8 billion over more than a decade to develop its electric car industry, according to analysis…
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties
A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds…
More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of…
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said…
Nissan issues ‘do not drive’ alert for nearly 84,000 older models with recalled airbags
Nissan has warned owners of older vehicles to drop driving cars equipped with recalled, unrepaired Takata airbags the National Highway…
Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries
BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an…
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…
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…
