SHENZHEN – In October 2023, Chinese automaker Chery ordered engineers and suppliers to travel on short notice to proving grounds in Zhaoyuan, Shandong Province.

Over a weekend, they planned an overhaul of the suspension and steering on the Chinese version of Chery’s Omoda 5 SUV for Europe, a key market in its global expansion. The problem: The car had been designed for China’s smooth streets and slower speeds. Now, it had to withstand Europe’s winding, bumpy roads. Continue reading “How China’s new auto giants left GM, VW and Tesla in the dust”

STOCKHOLM, (Reuters) – Polestar said on Thursday it would make its Polestar 7 SUV model at a Volvo Cars factory in Slovakia, as the EV maker shifts more production from China and tries to cut its exposure to heavy European and U.S. tariffs.

Polestar said the two Swedish companies, both controlled by China’s Geely (GEELY.UL) and its owner Li Shufu, had signed a memorandum of understanding and the new model would launch in 2028. Continue reading “Polestar to make new SUV in Europe from 2028”

COPENHAGEN, (Reuters) – Maersk estimates companies pay effective U.S. import tariffs of on average 21% relative to container load, the Danish shipping group said on Wednesday, less than half the rate before Washington paused its sweeping tariffs in April.

Maersk said in a regular global market update that at its peak, shortly after April 2 when President Donald Trump unveiled tariffs against nearly all U.S. trading partners, the average effective rate was 54%. Its estimate was based on the group’s container-weighted effective average tariff rate metric. Continue reading “Maersk estimates effective US tariffs average 21% currently”

BEIJING, (Reuters) – Chinese electric vehicle maker BYD’s Fangchengbao brand is offering a limited-time 20,000 yuan ($2,790.33) discount for the Huawei Qiankun Advanced Driving System package, Fangchengbao said in a social media post on Wednesday.

Buyers who place their orders in July would pay 12,000 yuan for the assisted driving system package, compared with the 32,000 yuan, one-time purchase price, the post said. Continue reading “BYD’s off-road brand Fangchengbao offers discount for Huawei assisted driving system”

BEIJING, (Reuters) – China’s Xiaomi will only consider selling cars outside China from 2027, Lei Jun, CEO of the smartphone turned electric vehicle maker, said during a livestream on Wednesday.

The company has to focus on its domestic market in the meantime given robust orders for its SU7 and YU7 cars, he said. Continue reading “Xiaomi to consider selling cars outside China from 2027, CEO says”

(Reuters) – Electric automaker Lucid on Wednesday reported a 38% rise in second-quarter deliveries, which, however, missed Wall Street expectations amid economic uncertainty.

Demand for Lucid’s pricier luxury EVs have been softer as consumers, pressured by high interest rates, shift towards cheaper hybrid and gasoline-powered cars. Continue reading “EV maker Lucid’s quarterly deliveries rise but miss estimates”

LONDON, (Reuters) – Chinese automaker Changan plans a European factory to support its future sales on the continent and is already weighing up possible locations for the plant, an executive told Reuters on Wednesday.

“We’re committed to being in Europe, making in Europe for Europe,” said Nic Thomas, Changan’s European head of marketing, sales and service, during a test drive of the automaker’s electric Deepal S07 SUV at an event outside London. “We’re working on local manufacturing solutions here.” Continue reading “China’s Changan plans European factory, executive says”

(Reuters) – Rivian Automotive reported a sharp fall in second-quarter deliveries on Wednesday, as demand for its electric vehicles takes a hit from stiff competition and tariff-driven economic uncertainty, sending its shares more than 2% lower.

Trade tariffs imposed by U.S. President Donald Trump have led to a surge in manufacturing costs for the sector, with carmakers scrambling to reorganize supply chains to mitigate the hit to their businesses. Continue reading “Rivian deliveries decline sharply as tariffs hit demand”

Summary

• Tesla Q2 deliveries drop 13.5%, below analyst expectations
• Needs to deliver over 1 million EVs in H2 to meet growth goal
• China sales rebound with refreshed Model Y
• Shares, which have lost 25% this year, rise about 4%

(Reuters) – Tesla is headed for another year of shrinking sales after it posted a second straight drop in quarterly deliveries, dragged down by CEO Elon Musk’s right-wing political stances and an aging vehicle line-up that has turned off some buyers. Continue reading “Tesla deliveries slump, Musk’s EV maker stares at second year of falling sales”

Source : PTI | Truckers in Maharashtra went on an indefinite strike on Wednesday to protest against the e-challan system and press for other long-pending demands, disrupting goods transport services across the state, transporters’ representative said.

The transporters have complained the recovery process by authorities has become aggressive and is disrupting business operations, besides mounting fines of e-challans. Continue reading “Truckers go on strike against e-challans in Maharashtra; transporters’ body reports ‘mixed response’”

Summary

• Some 240,000 orders for SUV placed in 18 hours after its launch last Thursday
• Only a small number of cars were ready for immediate delivery
• Hundreds of buyers complain after learning of 38-60 week wait
• Complaints are latest to face the electronics turned EV maker

SHANGHAI, (Reuters) – China’s Xiaomi is telling customers of its new YU7 electric sports utility vehicle they will have to wait more than a year to receive their cars, sparking a fresh wave of complaints against the company.

The smartphone turned EV maker said it received roughly 240,000 orders for the YU7 in the first 18 hours after the car went on sale on Thursday night, but only a small number of vehicles were available for immediate delivery. Continue reading “Xiaomi’s YU7 car buyers face year-long wait for delivery, sparking complaints”

Summary

• New model replaces and upgrades Ferrari Roma
• Selling price starts from 240,000 euros
• First deliveries expected in first quarter 2026

MILAN, (Reuters) – Ferrari revealed its new Amalfi coupe on Tuesday as the luxury sportscar maker mixes petrol and hybrid models in its range while preparing for the launch of its first fully electric vehicle.

The eight-cylinder, 3.85-litre Amalfi replaces and upgrades the successful 2019 Roma in the entry segment of Ferrari’s range and comes just two months after the launch of the 296 Speciale hybrid car and its convertible version. Continue reading “Ferrari unveils new ‘Amalfi’ petrol coupe ahead of EV launch”

(Reuters) – An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.

The Electrification Coalition said killing the credits “driving much of the nation’s manufacturing investment at this critical juncture would effectively wave the white flag of defeat, ceding control over the future of transportation to China … The House must reject this act against the interest of the American people.” Continue reading “EV group urges US House to restore electric vehicle tax credits”

Summary

• Trump suggests DOGE review Musk’s subsidies for savings
• Musk criticizes tax-cut bill, calls for a new political party
• Tesla shares drop 5.5% amid subsidy threats
• Sales of Tesla struggle worldwide as Musk bets on robotaxis
• Tesla sales figures due Wednesday

WASHINGTON, (Reuters) – U.S. President Donald Trump on Tuesday threatened to cut off the billions of dollars in subsidies that Elon Musk’s companies receive from the federal government, in an escalation of the war of words between the president and the world’s richest man, one-time allies who have since fallen out. Continue reading “Trump escalates feud with Musk, threatens Tesla, SpaceX support”

Summary

• Q2 Tesla deliveries seen falling 11% y-o-y on average
• Demand weak in Europe, China amid competition, Musk backlash
• Analysts expect sales to fall 8% in 2025

(Reuters) – Tesla is expected to report another fall in quarterly deliveries on Wednesday as the backlash against CEO Elon Musk’s political views and competitive pressures continue to drag on demand.

While much of Tesla’s trillion-dollar valuation hangs on Musk’s bet on commercializing robotaxis, most of the company’s current revenue and profits come from its core business of selling electric vehicles – one that has been under pressure due to high interest rates and rising competition. Continue reading “Tesla quarterly deliveries seen falling again”

(Reuters) – Japan engages in “unfair” automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday.

Tokyo is scrambling to find ways to get Washington to exempt Japan’s automakers from 25% automobile industry-specific tariffs, which are hurting the country’s manufacturing sector. Japan also faces a 24% so-called reciprocal tariff rate starting on July 9 unless it can negotiate a deal. Continue reading “Japan auto trade ‘unfair’, could buy more US oil, Trump tells Fox News”

STUTTGART, (Reuters) – There has been no disruption to production due to limited raw material exports from China at German carmaker Mercedes-Benz a senior executive said on Monday.

Joerg Burzer, head of production at Mercedes, said the company remained vigilant over supply chain risks, particularly a shortage of rare earths, but had not experienced any issues to date. Continue reading “Mercedes says no supply chain disruptions after China export concerns”

BEIJING, (Reuters) – Tesla’s first batch of V4 superchargers has begun operation in China, covering Shanghai, Chongqing, Gansu and Zhejiang provinces, the U.S. automaker said on Monday.

The superchargers will gradually be deployed in Beijing, Guangdong province and other Chinese localities and will be open to other electric vehicle brands, the automaker said. Continue reading “Tesla’s V4 superchargers begin operation in China”

(Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday it has opened a preliminary evaluation into 91,856 Jaguar Land Rover vehicles over the risk of faulty front steering knuckles.

The auto safety agency received reports that one or both of the aluminum front steering knuckles, which connect the front tires to crucial components such as the brake assembly, had fractured in the potentially impacted vehicles. Continue reading “US NHTSA launches probe into about 92,000 Jaguar Land Rover vehicles”

FRANKFURT, (Reuters) – Mercedes-Benz expects tariff-related headwinds to the profit margin at its core cars division to be less than 3% in the second quarter, brokerage Bernstein wrote in a note, following a regular investor call ahead of quarterly results.

This was due to “some de-escalation of tensions between the US and China, some tariff offsets and timing because tariffs were only ramping up in April”, the brokerage said following a call with Mercedes-Benz’s head of investor relations. Continue reading “Mercedes-Benz expects Q2 margin headwind of less than 3% over tariffs, brokerage Bernstein says”

Summary

• Nissan offers suppliers delayed payment with higher amount, emails show
• Nissan not forcing suppliers to take offer
• Automaker says move is to support free cash
• Emails show Nissan’s efforts to conserve cash

TOKYO, (Reuters) – Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled Japanese automaker scrambles to boost cash.

New CEO Ivan Espinosa, who took over in April, has unveiled plans to shed around 15% of Nissan’s global workforce and close seven plants as he targets 500 billion yen ($3.4 billion) in cost cuts over the next two years. Continue reading “Exclusive: Nissan seeks to delay supplier payments to free up cash, company emails show”

(Reuters) – Chrysler parent Stellantis, opens new tab is recalling 250,651 vehicles in the U.S. due to an improperly sealed side curtain air bag, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Saturday.

The recall affects certain 2022-2025 Pacifica and Voyager vehicles. Continue reading “Stellantis to recall over 250,000 US vehicles over air bag issue, NHTSA says”

HANOI, (Reuters) – Vietnamese electric vehicle manufacturer VinFast began production on Sunday at its second domestic factory, aiming to ramp up output of affordable mini urban models as its global expansion plans face delays.

The new facility, located in the central province of Ha Tinh, has an initial annual capacity of 200,000 units and spans 36 hectares (90 acres), the company said in a statement. Continue reading “VinFast opens second domestic EV factory amid global expansion”

(Reuters) – Japan engages in “unfair” automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday.

Tokyo is scrambling to find ways to get Washington to exempt Japan’s automakers from 25% automobile industry-specific tariffs, which are hurting the country’s manufacturing sector. Japan also faces a 24% so-called reciprocal tariff rate starting on July 9 unless it can negotiate a deal. Continue reading “Japan auto trade ‘unfair’, could buy more US oil, Trump tells Fox News”

Summary

• European suppliers receive enough licences to avoid disruptions, but many permits still pending
• China’s export restrictions cause 75% drop in rare earth magnet exports
• U.S.-China deal aims to expedite rare earth shipments to U.S. companies

BERLIN/BEIJING, (Reuters) – (This June 27 story has been corrected to fix the name of Dexter Magnetic Technologies CEO to Joe Stupfel, not Kash Mishra, in paragraph 17) Continue reading “China’s rare earths are flowing again, but not freely”

Source : PTI | Maharashtra Minister Pratap Sarnaik has said the government is committed to addressing the grievances of transport operators, who have threatened to go on strike from July 1 to protest against the e-challan system for traffic violations.

The minister on Thursday directed officials to form a committee and submit a report within one month concerning the transporters’ strike threat.

Continue reading “Maharashtra transporters to go on strike from Jul 1 to protest e-challans; form panel, says Sarnaik”

Source : PTI | The transport ministry has proposed a new category of registration number plate for hydrogen fuel operated vehicles.

According to a draft notification issued by the Ministry of Road Transport and Highways on Friday, in case of a hydrogen fuel operated commercial vehicle, the top half of number plate will be green and bottom half blue, while the figures on plate will be in yellow. Continue reading “Govt proposes new registration plate for hydrogen vehicles”

Source : PTI | Farm machinery and construction equipment major Escorts Kubota Ltd is gunning for the number two spot in the Indian tractor market by combining the Indian firm’s cost competitiveness with the Japanese partner’s technology and quality strengths as part of its future plans, according to its top officials.

The company, formed after Japan’s Kubota Corporation acquired a majority stake in Escorts Ltd in a multi-structured merger deal announced in 2021, is working to finalise a mid-term plan (MTP) for up to 2031 with a slew of products planned to be launched, Escorts Kubota Ltd (EKL) Chairman and MD Nikhil Nanda and Deputy MD Seiji Fukuoka told PTI in a joint interview. Continue reading “Escorts Kubota aims for No. 2 spot in Indian tractor market with new product launches”

Akzo Nobel N.V. has signed an agreement to sell its shareholding in Akzo Nobel India Limited (ANIL) to the JSW Group, one of India’s leading diversified conglomerates. The transaction is based on a total enterprise value of approximately €1.4 billion, representing an EV/EBITDA multiple of 22x, and includes AkzoNobel’s liquid paints and coatings business in India. The India Powder Coatings business and International Research Center, both currently part of ANIL, will be retained by AkzoNobel under full ownership.

This divestment is a first step in the strategic portfolio review announced in October 2024, aimed at focusing the company’s capital and capabilities on leading positions in key global coatings markets. Continue reading “AkzoNobel to sell AkzoNobel India to JSW Group”

Source : Mobility Outlook | Ashok Leyland, the flagship of the Hinduja Group and one of India’s leading commercial vehicle manufacturers, has secured a significant order to supply 200 trucks to Instant Transport Solution Pvt Ltd, a fast-growing player in the express logistics space.

The first batch of 100 vehicles—including 1916 single-axle and 2820 multi-axle haulage trucks—was ceremonially handed over by Sanjeev Kumar, President – MHCV, Ashok Leyland, to Instant Transport Chairman Rajbir Singh Chaudhary, in the presence of senior leadership from both companies. Continue reading “Ashok Leyland Bags 200-Truck Order From Instant Transport”

BUDAPEST, (Reuters) – Chinese automaker BYD will invest 32 billion forints ($94 million) in a new plant in the northern Hungarian town of Komarom, tripling its annual capacity to 1,250 electric buses and trucks, Hungarian Foreign Minister Peter Szijjarto said.

Under right-wing Prime Minister Viktor Orban, Hungary has become an important trade and investment partner for China, in contrast with some other European Union nations considering becoming less dependent on the world’s second-largest economy. Continue reading “BYD to invest $94 million to triple electric bus output in Hungary”

(Reuters) – Tesla CEO Elon Musk said on Friday that the first fully autonomous delivery of Model Y from the factory to a customer’s home across town was completed a day ahead of schedule. Continue reading “Tesla completes first fully autonomous Model Y delivery ahead of schedule”

Summary

• Automakers want NHTSA to remove regulatory barriers
• Industry thinks Congress could pass rules avoiding state patchwork of requirements
• US vehicle fatality rate more than double the average of other high-income countries

WASHINGTON, (Reuters) – Major automakers want Congress and the Trump administration to move faster to make it easier to deploy autonomous vehicles without human controls as new robotaxi tests expand. Continue reading “Automakers want US to move faster on self-driving car rules”

Summary

• YU7 is only Xiaomi’s second car, priced 4% lower than Tesla’s Model Y
• Tesla expected to lose market share, may need to cut prices to fight back
• Xiaomi’s shares, on a tear this year, hit record high

SHANGHAI/BEIJING, (Reuters) – Exceptionally strong initial orders for Xiaomi’s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to cut prices to fight back. Continue reading “Bumper orders for Xiaomi’s new SUV heighten threat to Tesla”

(Reuters) – General Motors persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty transmissions.

In a 9-7 vote, the 6th U.S. Circuit Court of Appeals in Cincinnati found too many differences among vehicle owners to justify having one judge oversee the litigation, including 26 statewide subclasses and 59 state law claims. Continue reading “GM wins victory as appeals court decertifies transmission lawsuits”

TOKYO, (Reuters) – Toyota Motor’s global sales rose for a fifth straight month in May, setting a record for the month, as strong demand in markets such as the U.S. held firm despite President Donald Trump’s tariffs, the automaker said on Friday.

Worldwide sales climbed 6.9% year-on-year to 898,721 vehicles in May, driven by robust demand in North America, China and Japan, the company said. Sales in the U.S. went up by almost 11%. Continue reading “Toyota’s global sales hit May record, but production dips”