General Motors production falters as battery shortages slow EV manufacturing, hindering delivery and expansion plans. Diversifying battery production will help sustain future growth.
Despite increasing competition, Tesla's innovative reputation can sustain it for the short term.
Europe leads EV adoption race: Governments are implementing rules to standardize EV charging to enhance infrastructure, payment systems, and reliability. This hands-on approach could be the model for EV adoption.
New vehicle sales grew between 12% and 14% in the first half of 2023: By exceeding analysts’ expectations, the auto sector is providing more evidence that the US economy remains fairly strong.
Ford lays off engineers: The shift to EVs is a heavy lift for traditional automakers who still need workers with the right skills. Corporate training programs might be necessary.
Ford secures a $9.2B loan for US battery production and BYD enters the North American market. Meanwhile, newer EV-only firms scored the lowest in a vehicle quality survey.
As the first carmaker to receive Level 3 authorization, it can now sell or lease cars with automated driving systems. It poses a big challenge for Tesla.
Generous government incentives and a thriving and competitive local EV industry are helping China surpass EV adoption goals.
The iconic Volkswagen bus has been reimagined for the EV age. It could energize new automotive markets and restore VW’s brand reputation.
The collaboration benefits Ford customers, who get access to an expanded charging network, and it also helps Tesla tap into federal funding.
Partnering with local fleet operators bolsters the country’s clean-energy push amid alarming pollution levels. However, insufficient charging infrastructure remains an obstacle.
A $3.6 billion investment can secure the American chipmaker as a key supplier in various Japanese industries for years to come.
Tesla’s embrace of advertising is part of its maturation process: In a significant strategy shift, Elon Musk says the company will buy ads for the first time.
Technology and cloud expertise are becoming hot commodities for automakers increasingly reliant on innovation and cybersecurity to power EV adoption.
Another recall in China tied to braking and acceleration defects presents a significant opportunity for domestic competitors BYD, Xpeng, and Nio to strengthen their market position
Future GM EVs won’t support Apple CarPlay or Android Auto, placing the burden of choice on consumers. Locking people out of their smartphone connections could backfire.
To counter a 20% YoY drop in sales, Ford discounts its EV Mustangs. In the crowded EV market, competitors can stand out with lower prices or longer range.
GM cancels its best-selling EV, the Chevy Bolt, while Tesla slashes prices to accelerate sales. Intensifying competition could be the opportunity for consumers to switch to EVs.
The partnership trend will begin yielding batteries for carmakers by 2026 and could intensify competition to meet future EV demand.