News

Stellantis is buying a 21% stake in Leapmotor for €1.5bn ($1.58bn) in a reset of its China strategy to focus on electric vehicles after years of poor sales in the world's biggest auto market. …

High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker. …

Jaguar Land Rover opened an electric vehicle test center in England as it ramps up efforts to bring new electric models to market and catch up with rivals. …

Renault Group is expecting to lose French EV incentives for the China-built Dacia Spring full-electric minicar, as the government of President Emmanuel Macron revises the bonus system, executives said. …

Japanese automaker Mitsubishi Motors (7211.T) will invest up to €200 m ($214 m) in the new electric vehicle unit of French counterpart Renault (RENA.PA), Mitsubishi said on Tuesday. …

China's Great Wall Motor called for a fair and open trade environment after saying it had formally submitted responses to the European Commission's anti-subsidy investigation of Chinese-made electric vehicles. …

Any tariffs imposed on Chinese electric vehicle imports to Europe could boomerang against European companies, officials at suppliers’ lobbying group CLEPA said. …

 A race is on to certify battery health and performance in used electric vehicles, with a clutch of startups scrambling to help buyers figure out how much a secondhand EV is really worth. …

Toyota will gradually restart operations at its plants in Japan that had been halted due to an accident at a supplier. …

Volkswagen Group trimmed its profitability forecast for the year after earlier hedging losses were compounded by higher costs and supply-chain issues last quarter. …