In December last year, the Treasury issued guidelines aimed at weaning the U.S. EV supply chain away from China.

VinFast last year sold 35,000 EVs, quite below its 50,000 target, representing just a tiny fraction of its 300,000 vehicle production capacity.

Xiaomi SU7 has entered a crowded Chinese EV market with a price tag under USD 30,000 for its base model.

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

A glimpse into the future of auto-adjacent technology from Day 1 of CES 2024 and its impact on various aspects of daily life.

Many of Toyota’s suppliers and their affiliates were located in the quake-affected areas in Japan, leading to issues in supply chain.

Overall, the US new vehicle sales last year finished at around 15.5 million units, of which electrified vehicles contributed nearly 17%.

UK transport minister Mark Harper believes that the autonomous driving technology has the potential to improve road safety.

Toyota Motor’s output last month reached a whopping 926,573 units, while the company’s worldwide sales increased 14% from a year earlier.

The limited and special edition Ferrari model is based on the 296 GTB with the track-focused Asseto Fiorano package.