Qiankun, Huawei’s latest software for intelligent driving, marks the company’s push to become a major player in the electric vehicle industry.

Major automotive brands like Tesla, BMW, Volkswagen, Renault and Toyota, are expected to launch V2G equipped models in the coming future.

Tesla is currently surrounded by major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy.

In Europe, low development of passenger car demand combined with weakened subsidies reduces electric car spread.

A fresh, recently established Mercedes plant in Alabama is scheduled to be the next one to hold a UAW election.

Tesla has been adopting the price reduction strategy in order to woo customers amid slowing EV demand and its ageing model lineup.

The layoffs follow the cancellation of Tesla’s long-promised inexpensive car, expected to cost USD 25,000, that investors have been counting on.

At Tesla’s German plant, 3,000 of the carmaker’s roughly 12,000 staff have been reportedly fired.

Tensions have been rising between China and the West over increasing exports and competition to local players.

Piedmont still needs to obtain local regulatory approval in North Carolina and financing amid low lithium prices.