Electric vehicles
Tesla’s China sales rise to record high in 2024, bucking global decline
A Tesla Bot on display as people look at a Tesla Cybertruck in a showroom in New York City on Jan. 2, 2025. Adam Gray | Reuters U.S. electric vehicle maker Tesla said on Friday its sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market […]
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Brazil says workers at BYD construction site victims of human trafficking
A drone view shows BYD’s new electric vehicle (EV) factory’s construction site in Camacari, Brazil December 26, 2024. Joa Souza | Reuters Chinese workers found at a construction site for a factory owned by China’s electric vehicle producer BYD in Brazil’s Bahia state are victims of human trafficking, Brazilian labor authorities said on Thursday. BYD and contractor Jinjiang Group have agreed to assist […]
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China plans $411 billion special treasury bond issuance next year, Reuters reports
Chinese national flags flutter in front of the Great Hall during the fifth plenary meeting of the first session of the 14th National People’s Congress (NPC) on March 12, 2023 in Beijing, Vcg | Visual China Group | Getty Images Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury […]
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Trump may cancel U.S. Postal Service electric mail truck contract: Reuters sources
The United States Postal Service unveils two of its battery-powered vehicles at an event announcing its plan on implementing electric vehicles, at the Postal Service Headquarters on December 20, 2022 in Washington, DC. Kevin Dietsch | Getty Images Donald Trump’s transition team is considering canceling the United States Postal Service’s contracts to electrify its delivery […]
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Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand […]
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How Elon Musk’s plan to slash government agencies and regulation may benefit his empire
Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, […]
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Xiaomi third-quarter revenue soars 30.5% as sales of its first electric car surge
GUANGZHOU, CHINA – NOVEMBER 15, 2024 – Visitors view a Xiaomi SU7 Ultra new energy vehicle at 2024 Guangzhou Auto Show in Guangzhou, South China’s Guangdong province, Nov 15, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images Chinese electronics maker Xiaomi Corp posted a 30.5% jump […]
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Tesla initiates sixth Cybertruck recall in a year
New Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle on Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Tesla is recalling 2,431 Cybertrucks to replace defective drive inverters, according to notices made public by the National Highway Traffic Safety Administration on Wednesday. It’s the sixth recall of the Cybertruck […]
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GM’s newest EV is a Cadillac ‘baby Escalade’ called Vistiq
2026 Cadillac Vistiq EV GM DETROIT — General Motors‘ newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a “baby Escalade.” The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand’s portfolio when it goes into production and arrives in dealer […]
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China congratulates Trump, says it respects America’s choice
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters China expressed respect for the U.S. election result and congratulated Donald Trump on his victory, and an official newspaper called for a “pragmatic” approach […]
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