Stellantis has been asked to increase its output in Italy to one million units annually by the end of this decade.

Fast-growing Chinese EV brands have led to foreign rivals losing market share in the country.

Xiaomi first flagged its interest to enter the EV market in 2021 as it had been seeking to diversify beyond its core business.

Porsche is planning to launch Panamera, Macan, Taycan and 911 model lines in 2024, the biggest year of launches in the company’s history.

The new Porsche Taycan GT is the most powerful series-production Porsche yet and it has broken multiple records before its market launch.

The decision to defer POwerCO’s IPO comes at a time when the capital-market enthusiasm for EVs has cooled as sales growth has slowed.

The new BYD Atto 3 is priced at 119,800 yuan (USD 16,644), 11.8% lower than the final sales price of the version it has replaced.

EV maker Fisker expects to make between 20,000 and 22,000 Ocean vehicles this year, way below estimates of 35,600 units.

In late 2022, Volkswagen ceded its title of best-selling car brand in China to local EV manufacturer BYD.

General Motor’s robotaxis are not expected to be seen on US city streets again until the fourth quarter.