Summary
BEIJING, (Reuters) – BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Continue reading “BYD’s quarterly profit surges at fastest pace in nearly two years”
TOKYO, (Reuters) – Nissan Motor wants to end vehicle production at its Wuhan plant in China by March 31, 2026, two sources with knowledge of the plan said.
The decision comes after the operation rate at the 300,000 vehicle capacity plant, which produces the Ariya electric vehicle and X-Trail SUV, fell off amid stiff competition from Chinese automakers, the Yomiuri newspaper reported earlier. Continue reading “Nissan wants to end vehicle production at Wuhan plant, sources say”
Summary
TOKYO/WASHINGTON, (Reuters) – When Tokyo’s top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank. Continue reading “Japan is a test case for Trump’s tariff deals. But talks may be tortuous.”
Summary
(Reuters) – President Donald Trump’s April 9 decision to hike tariffs on China hit as Steve Egan, a promotional product distributor in Tampa, Florida, was in the middle of ordering 5,000 rubber ducks from a Chinese vendor. Continue reading “After 100 days, Trump voters feel tariffs, but most see long-term gain”
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TOKYO, (Reuters) – Shares of Toyota Industries were set for their biggest daily jump on record on Monday after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion). Continue reading “Toyota Industries shares set to surge on potential buyout by Toyota Motor”
TOKYO, (Reuters) – Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries – a buyout that reportedly could cost $42 billion.
“We are currently exploring various possibilities, including partial investment,” the automaker said in a filing with the Tokyo stock exchange on Saturday following reports about the possible buyout. Continue reading “Toyota considers investing in potential $42 billion buyout of key supplier”
Source : PTI | Road safety experts on Friday emphasised the need for dedicated lanes for two-wheelers and stricter enforcement of traffic laws to enhance rider safety and reduce accidents. Addressing an event here, Institute of Road Traffic Education (IRTE) President Rohit Baluja said electric two-wheelers are about 44 per cent of the total two-wheelers in the country.
“What needs to be done is have dedicated driving lanes for them, this will help in rider safety and avoid crashes as they are the most vulnerable road users along with pedestrians,” he said. Continue reading “Experts call for dedicated two-wheeler lanes, stricter traffic law enforcement”
Source : PTI | A complete shift from older vehicles to electric vehicles in 44 Indian cities with a population of at least 10 lakh could avoid 11.5 tonnes of PM2.5 emissions every day by 2035 and reduce greenhouse gas emissions by 61 million tonnes of carbon dioxide equivalent, according to a new study. The study, published by The Energy and Resources Institute (TERI), said it would also save more than 51 billion litres of petrol and diesel and reduce India’s oil import bill by an estimated ₹9.17 lakh crore ($106.6 billion) by 2035.
The authors said the number of older vehicles in these cities could grow from 4.9 million (49 lakh) in 2024 to 7.5 million (75 lakh) by 2030. Continue reading “EV switch in 44 cities can slash 61 million tonnes CO2: TERI”
Source : PTI | Chief minister Devendra Fadnavis on Friday directed the administration to set up a Unified Metropolitan Transport Authority (UMTA) to oversee integrated development of various modes of transport in cities to ensure ‘ease of living’ for citizens.
At present, transport services are operational in different metro cities through municipal corporations, state transport corporations, railways and metro rail authorities, he said. Continue reading “Maha govt to set up Unified Metropolitan Transport Authority”
Source : PTI | India consumer and EV story remains unchallenged even amid the ongoing tariff war, electric two wheeler maker Ather Energy said on Wednesday as it fixed a price band of Rs 304 to Rs 321 apiece for its Rs 2,981-crore IPO that is set to be opened for public subscription from April 28 to April 30. Of this, the offer for sale portion comprises nearly Rs 355-crore, the company said.
Ather Energy also said it remains bullish on its scooter portfolios in the coming few years and that distribution expansion will drive a lot of growth in the near-term for the company.
Continue reading “India consumer, EV story remains unchallenged, says IPO-bound Ather Energy”
Source : PTI | A complete shift from older vehicles to electric vehicles in 44 Indian cities with a population of at least 10 lakh could avoid 11.5 tonnes of PM2.5 emissions every day by 2035 and reduce greenhouse gas emissions by 61 million tonnes of carbon dioxide equivalent, according to a new study. The study, published by The Energy and Resources Institute (TERI), said it would also save more than 51 billion litres of petrol and diesel and reduce India’s oil import bill by an estimated Rs 9.17 lakh crore (USD 106.6 billion) by 2035.
The authors said the number of older vehicles in these cities could grow from 4.9 million (49 lakh) in 2024 to 7.5 million (75 lakh) by 2030. Continue reading “‘Shift from old vehicles to EVs in 44 cities with 10L people may cut oil import bill by $106 bn’”
Summary
SAN FRANCISCO, (Reuters) – Alphabet’s Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States. Continue reading “Alphabet says Waymo may offer robotaxis for personal ownership in future”
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(Reuters) – U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth. Continue reading “Conflicting US-China talks statements add to global trade confusion”
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NEW ORLEANS, (Reuters) – Operators of hulking car carriers are seeking relief from the U.S. Trade Representative’s surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or national emergency, three sources told Reuters. Continue reading “Vehicle carriers seek relief from broad US port fees”
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WASHINGTON, (Reuters) – The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla shares up nearly 10% on Friday. Continue reading “US agency eases some self-driving safety rules, sending Tesla stock soaring”
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SHANGHAI, (Reuters) – Chinese automakers and foreign rivals are launching ever more advanced long-range hybrids to meet rising demand in the world’s largest auto market. Continue reading “Automakers rush to meet surging China demand for long-range hybrids”
Summary
BEIJING, (Reuters) – BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Continue reading “BYD’s quarterly profit surges at fastest pace in nearly two years”
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Time to Co-Create Bharat Ka AI | Onboarding Partners this Month BharatKaAI
Which Are the Safest Cars in India? CarPhD Continue reading “WAF Auto News | The Auto World This Week (25th April 2025)”
Source : PTI | Electric two-wheeler firm PURE on Wednesday said it has introduced a battery based 5MWh grid storage product for grid stability and accelarting the integration of renewable energy sources. The PuREPower grid product is expected to find usage across solar and wind projects, large commercial and industrial establishments and across EV fast charging stations on highways.
Addressing a press conference, PURE Founder & MD Nishanth Dongari said the company is set to invest Rs 400 crore in the next 18 – 36 months in energy storage products to expand battery and power electronics production and in-house firmware capabilities, boosting its capacity to 2.5 GWh from the current 250 MWh.
Volkswagen is now telling the rest of the ID. CODE story. The concept car presented in Beijing in 2024 charted the course in terms of design, innovations and customer benefit. Building on this, the brand is now unveiling three new concept cars at Auto Shanghai together with its Chinese joint venture partners. The ID. AURA (from FAW-Volkswagen), the ID. ERA (from SAIC VOLKSWAGEN) and the ID. EVO (from Volkswagen Anhui) are representative of a new generation of smart electric vehicles and give a preview of the product strategy for the coming years. Volkswagen plans to bring out over 30 new models (including 20 NEVs) in the relevant segments of the Chinese market through the end of 2027. These will include production versions of the concept cars now being presented in Shanghai, whose design and technologies have been specifically tailored to the needs of Chinese customers.
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SEOUL, (Reuters) – A South Korean delegation will meet U.S. counterparts on Thursday for an opening round of trade talks, with cooperation on shipbuilding and energy expected to be on the agenda, and possibly shared defence costs, as Seoul seeks lower tariffs. Continue reading “South Korea to target lower tariffs in opening round of US trade talks”
(Reuters) – Tesla’s new car sales in Europe dropped 28.2% in March from a year earlier, even as overall battery electric vehicle sales rose 23.6% in the month, according to data from the European Automobile Manufacturers Association (ACEA).
Total new car sales in Europe rose 2.8% in the month, boosted by double-digit jumps in Britain and Spain, as EV gains offset a fall for petrol and diesel cars, the data showed. Continue reading “European car sales rise in March, Tesla drops 28.2%”
Summary
SHANGHAI, (Reuters) – Foreign automakers in China face an increasingly urgent challenge at this year’s Shanghai auto show – winning back Chinese buyers while their domestic rivals churn out slick, affordable electric vehicles at a relentless pace. Continue reading “Even Porsche can’t find its lane in China as foreign automaker sales skid”
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SHANGHAI, (Reuters) – China’s annual auto shows have become the world’s premier showcase for the rise of ever-cheaper, high-tech electric vehicles from domestic brands in the world’s biggest car market. Continue reading “Trade war, safety concerns take centre stage at Shanghai auto show”
SHANGHAI, (Reuters) – Mercedes-Benz CEO Ola Källenius said on Wednesday the German automaker was urging the European Union to find an “equitable solution” to create a level-playing field for China-made electric vehicles in Europe.
A pure tariff barrier was the “crudest instrument” that could be applied, he told reporters on the sidelines of the Shanghai auto show. Continue reading “Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute”
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MILAN/SHANGHAI, (Reuters) – China’s leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said. Continue reading “Exclusive: China EV giant BYD reboots Europe operations after strategic stumbles, sources say”
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(Reuters) – Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company’s brand. Continue reading “Investors relieved Musk will refocus on Tesla, but worry about brand damage”
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WASHINGTON, (Reuters) – U.S. Supreme Court justices appeared sympathetic on Wednesday to a bid by fuel producers to challenge California’s standards for vehicle emissions and electric cars under a federal air pollution law in a case involving the Democratic-governed state’s power to fight greenhouse gases. Continue reading “US Supreme Court poised to revive challenge to California emissions standards”
WASHINGTON, (Reuters) – The U.S. Commerce Department said on Wednesday it is opening a probe into national security impacts of imports of medium-duty and heavy-duty trucks and related parts into the United States.
The “Section 232” investigation could form the basis of grounds to impose new tariffs on work trucks, buses, vans and other larger vehicles. Continue reading “Trump administration opens national security probe into imported commercial trucks”
DETROIT, (Reuters) – General Motors is increasing production of transmissions at its Toledo, Ohio facility, shifting away from EV drive unit manufacturing toward parts for gasoline vehicles, the company confirmed Wednesday.
The transmission plant supports production of light-duty trucks made in Fort Wayne, Indiana, along with other facilities. Reuters first reported that GM would increase production at the Indiana assembly plant in early April after U.S. President Donald Trump announced 25% tariffs on auto imports. Continue reading “Exclusive: GM to increase production at Ohio transmission facility”
Source : PTI | In a boost to last-mile connectivity and sustainable transport, the Delhi government is set to roll out 76 electric buses from the Ghazipur depot starting Tuesday, transport department officials said. According to officials, the first batch of these 76 buses will operate from the Ghazipur depot under the Delhi Electric Vehicle Interchanges (DEVI) initiative.
The electric bus service is aimed at strengthening feeder connectivity to metro stations and major Delhi Transport Corporation (DTC) bus routes, with each vehicle expected to cover approximately 12 kilometres.
(Reuters) – Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk’s lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment.
Tesla deliveries plunged 13% in the first quarter due to backlash against Musk’s politics, as well as rising global competition and people waiting for a refresh of its highest-selling electric vehicle Model Y. Its stock has also fallen about 40% this year. Continue reading “Democratic state treasurers raise concerns over Musk’s lack of focus on Tesla”
(Reuters) – Tesla short sellers are up an estimated $11.5 billion for the year-to-date and positioning is bearish going into the electric vehicle maker’s quarterly results due after market close, according to the latest report from S3 Partners.
Tesla shares have tumbled 40% so far this year and analysts are expecting a weak report as January-March deliveries slid 13%, with market share losses to Chinese rivals, and brand damage stemming from CEO Elon Musk’s political work as part of the Trump administration. Continue reading “Tesla shorts up $11.5 billion for the year with positioning bearish”
SHANGHAI, (Reuters) – FAW’s Chairman Qiu Xiandong said on Wednesday at the Shanghai auto show that Hongqi targets 500,000 vehicle sales in 2025, with half of them new energy vehicles. Continue reading “FAW’s chairman says Hongqi targets 500,000 vehicle sales in 2025”
(Reuters) – Tesla CEO and billionaire entrepreneur Elon Musk has a long history of making ambitious promises and often delivering late. Many of his biggest ideas are still in the works.
Musk has described himself as pathologically optimistic, saying he does deliver in the end, “which is the important thing”. His ambition and success with electric vehicles has turned Tesla into the world’s most valuable automaker. Continue reading “Tesla CEO Elon Musk dreams big but often delivers late”
(Reuters) – Tesla CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China’s export restrictions of rare earth magnets.
He said China wants assurances that its rare earth magnets are not used for military purposes, adding that the automaker is working with Beijing to get an export license to use rare earth magnets. Continue reading “Musk says Tesla’s Optimus humanoid robots affected by China’s export curbs on rare earths”
Summary
(Reuters) – Tesla CEO Elon Musk said on Tuesday he would cut back significantly the time he devotes to the Trump administration from next month and spend more time running his many companies. Continue reading “Musk, facing criticism and falling Tesla sales, to cut back DOGE work”
SHANGHAI, (Reuters) – China’s Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region.
The company unveiled the Firefly brand in December as a rival product to Mercedes-Benz’s Smart and BMW’s Mini and said at the time it would launch it in Europe in the first half of this year. Continue reading “China’s Nio delays Europe launch of Firefly EV to third quarter”
Summary
(Reuters) – Tesla investors will be eager to ask CEO Elon Musk two pressing questions when the electric vehicle maker reports results on Tuesday: when will the affordable vehicle launch, and is the robotaxi plan on schedule? Continue reading “Tesla’s affordable EV, robotaxis in focus after Musk backlash, competition hurt demand”
SHANGHAI, (Reuters) – China’s CATL on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars.
CATL became the first major automotive battery maker to launch a sodium-ion battery in 2021. Unlike other battery materials, sodium is cheap and abundant, and the chemistry has the potential to reduce fire risks in EVs, experts have said. Continue reading “China’s CATL launches new sodium-ion battery brand”
