Every EVXL story tagged “China” — newest first.
France is pushing the European Union to adopt “flexibility” in implementing stricter CO2 emissions rules for new vehicles, signaling support for its struggling domestic automakers as plant shutdowns and job losses mount. The timing is critical: France’s Finance Ministry announced Thursday that the country wants “technological neutrality” while maintaining the 2035 combustion engine ban, just…
Porsche AG just posted the most humiliating quarter in its 77-year history—a €967 million ($1.1 billion) operating loss that marks the luxury automaker’s first quarterly loss since going public in 2022. According to Bloomberg, the sports car manufacturer is hemorrhaging cash as it scrambles to unwind an expensive electric vehicle strategy that spectacularly backfired against…
Tesla’s electric door and flush-handle systems are raising safety concerns after several crashes in which occupants and rescuers could not exit or access vehicles when power failed, according to Bloomberg. The technology trade-off threatens both user safety and regulatory scrutiny. Sleek Design, Hidden Risks Tesla’s flush exterior handles and electrically actuated door systems were designed…
Porsche is ending in-house battery cell production at its Cellforce subsidiary and converting the unit into a dedicated R&D operation, citing insufficient volumes, lack of economies of scale, and tougher conditions in the U.S. and China. Roughly 200 of 286 jobs at the Kirchentellinsfurt site are expected to be cut, with some potentially absorbed by…
Lucid Motors will move forward with a rare 1-for-10 reverse stock split, set to take effect on September 2, in an effort to boost the electric vehicle (EV) maker’s struggling share price, according to a Barron’s report. The move comes as Lucid stock trades near record lows and far below early Wall Street expectations for…
California is preparing to revive its own electric vehicle (EV) subsidies after the Trump administration dismantled federal support, eliminating tax credits and rolling back zero-emission mandates. State officials this week submitted a report to Gov. Gavin Newsom detailing strategies to sustain EV adoption in the absence of federal backing, as reported by the Los Angeles…
Tesla stock slipped Wednesday even after reports suggested CEO Elon Musk is likely abandoning plans to form a new U.S. political party, a development that might otherwise have eased investor concerns tied to his political involvement. According to The Wall Street Journal, Musk has been “quietly pumping the brakes” on launching the so-called “America Party,”…
Buckle up, EV enthusiasts: BMW might ship in Chinese batteries for its U.S.-built Neue Klasse models, all because a key supplier hit the brakes on a massive American factory. Drama in the supply chain? BMW is weighing the option to import batteries from China for its upcoming electric vehicles assembled in the United States, following…
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