Rivian is facing a class action lawsuit alleging it spent five years making false promises about the autonomous driving capabilities of its first-generation R1T truck and R1S SUV. The complaint, filed Wednesday in the US District Court for the Central …
BMW on Tuesday cut its full-year profit forecast for the car business, lowering its expected automotive EBIT margin to a corridor of 1 to 3 per cent from prior guidance of 4 to 6 per cent. The company blamed an accelerating decline in the Chinese marke…
Uber is taking its robotaxi service to Houston. The company said on 17 June that it will launch a premium driverless service in the city by mid-2027, the second US market for its partnership with EV maker Lucid and self-driving startup Nuro. It is also…
Rivian said Tuesday it laid off hundreds of workers, less than 2% of its workforce, as the electric vehicle maker continues trying to narrow losses that have defined its existence as a public company. The cuts affect teams in the service and customer s…
A new arms race is under way in China’s electric vehicle industry, and it is not about batteries, range, or price. It is about who controls the silicon that makes cars drive themselves. In the past 12 months, four of China’s largest carmakers have unve…
Xiaomi has unveiled a robotic charging arm designed for residential garages that automatically plugs and unplugs an electric vehicle without any owner intervention. The system detects the vehicle’s position after parking, extends to the charging port, …
Geely Auto chairman Li Shufu told the Chongqing Auto Show on Friday that the company will assess excess capacity across all its units and determine whether to close, suspend, merge, or sell redundant production facilities. The announcement signals a st…
Skoda has revealed the Peaq, its first seven-seat all-electric SUV and the most expensive car in the Czech automaker’s 130-year history. Built on the Volkswagen Group’s MEB platform at Skoda’s home plant in Mladá Boleslav, the Peaq stretches nearly 4.9…
Elon Musk has called the ability to fall asleep in a Tesla and wake up at your destination the “acid test” for true autonomy. He first described that vision in 2014 and repeated it on Tesla’s Q1 2025 earnings call, saying he was confident it would be a…
BYD’s executive vice president Stella Li told CNBC on Monday that China’s EV market will push to close to 80% penetration, a bullish forecast that contrasts sharply with rival Nio, whose chief executive William Li said last month that the industry’s “g…