Category: Suppliers

Dongfeng Motor shares surge as restructuring plans prompt merger speculation

HONG KONG (Reuters) -Shares of Dongfeng Motor soared as much as 85.8% in Hong Kong on Monday after the Chinese automaker said its parent was planning a restructuring, stoking speculation that some of the state-owned players could be merged as competition grows. The stock jumped to HK$6, its highest since July 2022, shortly after the… Continue reading Dongfeng Motor shares surge as restructuring plans prompt merger speculation

Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports

TOKYO (Reuters) -Nissan Motor will produce electric vehicles for its Chinese joint-venture partner Dongfeng Motor at its Wuhan factory by year-end, the Nikkei newspaper reported on Tuesday, a sign of pressure on the automaker’s China business. By producing EVs for Dongfeng, Nissan aims to reduce fixed costs and increase the operating rate of the factory,… Continue reading Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports

Why GM stock has gotten hit hard on earnings

General Motors’ (GM) hot stock has sprung a leak after its latest earnings report on Tuesday. Shares of the auto giant fell as much as 11% on Tuesday and closed down 9%. It marked the worst day for the stock since March 2020. The stock shed another 1% through midday trading on Wednesday. The stock… Continue reading Why GM stock has gotten hit hard on earnings

GM CEO Mary Barra: I’ve talked to President Trump about tariffs

General Motors (GM) chair and CEO Mary Barra has made her case on tariffs to President Trump. “We’ve done a lot of scenario planning and we know the levers that we can pull to minimize any impact. But having the opportunity to talk to the president, I really believe he wants a strong manufacturing sector… Continue reading GM CEO Mary Barra: I’ve talked to President Trump about tariffs

Tesla’s future under President Trump: Weigh AI potential against slowing EV demand

Tesla’s (TSLA) eye-watering post-election rally may soon resume. The stock, which has rocketed a staggering 65% since Nov. 5, has taken a breather in recent weeks, as worry over slowing demand trends and a rollback of pro-EV policies raised fears of near-term financial performance. Tesla shares fell 4% during President Trump’s first week back in… Continue reading Tesla’s future under President Trump: Weigh AI potential against slowing EV demand

Self-Driving Startup Pony.ai Said to Plan to Publicly File for US IPO This Week

(Bloomberg) — Autonomous driving startup Pony.ai plans to file publicly for an initial public offering in the US as soon as this week, according to people familiar with the situation. Most Read from Bloomberg The company is looking to raise as much as $300 million from the listing, the people said, asking not to be… Continue reading Self-Driving Startup Pony.ai Said to Plan to Publicly File for US IPO This Week

Toyota to launch first EV with advanced self driving system for China in 2025

Toyota (TM) is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla’s Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said. The JV with state-owned Guangzhou Automobile Group (GAC) (601238.SS) aims to restore the Japanese automaker’s market share in China… Continue reading Toyota to launch first EV with advanced self driving system for China in 2025

Electric vehicles: China’s GAC Aion shifts up a gear in Hong Kong with ambitious sales target, new models in pipeline

Chinese state-owned carmaker Guangzhou Automobile Group (GAC) said it plans to intensify its push into Hong Kong’s electric vehicle market by setting itself an ambitious target of 4,000 sales in the city by the end of this year. GAC Aion, the electric vehicle (EV) unit of GAC, the Chinese partner of Toyota and Honda, aims… Continue reading Electric vehicles: China’s GAC Aion shifts up a gear in Hong Kong with ambitious sales target, new models in pipeline

China’s BYD links up with DeepSeek in an AI threat to Tesla

Chinese automaker BYD (1211.HK) has inked a deal with DeepSeek to co-develop new autonomous technology, which could be bad news for automakers like Tesla (TSLA). DeepSeek, the China-based generative AI company, has been in the spotlight recently, largely because it offers AI technology comparable with OpenAI’s but reportedly at less expense while requiring fewer resources.… Continue reading China’s BYD links up with DeepSeek in an AI threat to Tesla