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Ford is taking a $19.5 billion charge to scale back its electric vehicle strategy as automakers and regulators, including the European Union, ease off aggressive EV transition timelines.
Chinese EV manufacturer Xpeng has secured a Level 3 autonomous driving road test license in Guangzhou, signaling a significant escalation in the highly competitive autonomous vehicle (AV) sector. This move positions Xpeng to challenge domestic rivals like Baidu and global leaders including Tesla and Waymo.
Avnet and AMD are promoting AI and HPC solutions in Australia, reflecting AMD's broader strategy to secure its market position. This initiative occurs as the semiconductor industry faces transformative changes, including 3D chip architectures and custom silicon development by tech giants.
A downturn in China's property market is contributing to a broader economic slowdown, significantly reducing demand for high-end European automobiles and boosting domestic brands.
The U.S. electric vehicle market is pivoting from subsidy-led consumer sales to a foundational build-out of charging infrastructure and safety standards. EVDANCE's latest recommendations highlight this shift, even as federal funding accelerates network expansion and commercial fleet adoption continues to grow despite a slowdown in personal EV registrations.
QuantumScape, a developer of solid-state EV batteries, signaled progress toward commercialization by narrowing its 2025 loss forecast and reporting its first-ever customer revenue. This marks a key transition from R&D to monetization, boosting investor confidence.
The global boom in Artificial Intelligence is creating a severe memory chip shortage for the automotive sector. Chip manufacturers are prioritizing high-profit AI server orders from tech giants, leaving carmakers with a potential supply satisfaction rate below 50% by 2026 and threatening vehicle production.
Tesla has launched a lower-cost Model 3 in Europe to combat a significant drop in sales and intensifying competition from rivals like BYD. The move comes as the company faces headwinds from a struggling Cybertruck launch, regulatory scrutiny of its Full Self-Driving technology, and growing valuation concerns from Wall Street.
The European Union has launched a $3.5 billion investment package to secure its supply of critical raw materials and reduce its significant dependence on China. The initiative aims to stimulate domestic mining, recycling, and processing, but faces major headwinds from China's entrenched market control and strategic acquisitions.