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Jul 11, 2025ZF CFO: Stricter Cost-Cutting Measures Coming If Vehicle Production Continues...According to media reports, on July 10, Michael Frick, Chief Financial Officer of ZF Friedrichshafen-Germany's second-largest automotive parts supplier-told WirtschaftsWoche mag... -
Jul 11, 2025Volvo Reportedly Lays Off 15% Of U.S. Workforce To Tackle Global Market Chall...According to media reports, Swedish automaker Volvo Cars has implemented significant cost-cutting measures in the United States in response to ongoing global market uncertaintie... -
Jul 10, 2025€852 Million And 56GWh! EU Makes Major Investment in EV Battery DevelopmentThe first €852 million in funding under the "IF24 Battery" initiative has been allocated to six selected projects. Once operational, these projects are expected to deliver ... -
Jul 10, 2025BYD Expands Into Japanese MarketBYD plans to launch a mini electric vehicle in Japan in the second half of 2026. In recent years, the company has significantly increased its investment in the Japanese market, ... -
Jul 09, 2025UK New Car Sales Up 6.7% in June; EV Market Faces Incentive ChallengesAccording to data released by the Society of Motor Manufacturers and Traders (SMMT), new car registrations in the UK rose by 6.7% year-on-year in June to 191,316 units , marking... -
Jul 09, 2025Porsche's Global Sales Down 6% in H1, Electrified Vehicles Rise To 36.1% ShareOn July 8, German automaker Porsche announced that its global vehicle sales in the first half of 2025 dropped by 6% year-on-year to 146,391 units. However, the share of electrif... -
Jul 08, 2025BYD Partners With Shanghai LEGOLAND ResortOn July 6, BYD announced a strategic partnership with Shanghai LEGOLAND Resort, becoming the first Chinese automotive brand to collaborate with a LEGOLAND park globally. The two... -
Jul 08, 2025Trump Signs Executive Order To Extend Tariff Grace Period Until August 1On July 7, U.S. President Donald Trump signed an executive order to postpone the implementation of the so-called "reciprocal tariffs" to 12:01 a.m. Eastern Daylight Time on Augu... -
Jul 07, 2025Audi Halts U.S. Price Hike Plan Amid 19% Sales DeclineAccording to Bloomberg, Audi, the premium brand under Volkswagen Group, has decided to postpone its price increase plans in the U.S. market due to a continued decline in sales. ... -
Jul 07, 2025GAC’s First Compound-Wing Flying Car GOVY AirJet Successfully Completes Maide...Recently, GAC High-Tech Aviation successfully completed the maiden flight of its independently developed first compound-wing flying car, the GOVY AirJet. The GOVY AirJet is GAC ... -
Jul 06, 2025Japan Reaffirms Rejection Of U.S. 25% Tariff On Imported CarsAccording to media reports, Japan's chief trade negotiator Ryosei Akazawa recently stated that Japan cannot accept the United States' proposed 25% tariff on imported automob... -
Jul 06, 2025Tesla Increases Model 3 Long-Range Price By RMB 10,000On July 1, Tesla China's official website revealed an update to the long-range all-wheel-drive versions of the Model 3 and Model Y. The price of the Model 3 Long-Range has b...
