China’s High-Profile Tesla “Brake Failure” Legal Dispute Comes to an End
Chinese courts concluded a lengthy Tesla brake failure dispute, denying retrial requests, effectively demanding public apologies and compensation from involved parties.
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BYD Scales Up Brazil Battery Capacity and BESS Investment Amid Sales Growth
BYD is expanding battery production in Brazil with significant investments, aiming for 50% local component sourcing by 2027, targeting energy storage markets.
Baidu’s Apollo Go Secures Swiss L4 License, Targets Public Service By 2027
Baidu’s Apollo Go secures a Level 4 permit in Switzerland for autonomous taxis, integrating into public transport for rural enhancement.
BMW Cuts Full-Year Outlook as China Pressure Weighs on Margins
BMW lowered its 2026 financial outlook, expecting reduced profit, declining deliveries, and intensified competition.
Geely Galaxy Unveils TT Electric Sedan With Up to 725 km Range
Geely Galaxy has officially named its new AI-enabled electric sedan “Galaxy TT,” emphasizing innovation and expanding its vehicle lineup.
Canada Industry Minister Courts Chinese EV Makers, Eyes Local Plants
Canada is courting Chinese automakers to enhance its automotive sector, attract investment, and ensure job security, shifting policies to encourage EV collaboration while imposing conditions on partnerships.
Li Auto Grants HK$2.3 Billion in Equity Incentives With Market Cap Targets
Li Auto granted new equity incentives tied to market performance, adjusting vesting structures amid recent operational challenges and losses.
China Enforces New EV Safety Standards From July on Batteries and Vehicles
New Chinese EV safety standards effective July 1 enhance crash protection and battery safety, emphasizing hardware solutions and real-world testing.
Turkey Ends BYD Tax Breaks After $1 Billion Plant Plan Stalls
Turkey’s government ceased BYD’s import tax benefits due to delays in its planned factory, prompting BYD to focus on a more strategic Hungary facility.
Nio’s William Li Warns China Retail Auto Sales May Drop 15%-20% in 2026
China’s auto industry faces a challenging period, with forecasts predicting a 15% to 20% decline in retail sales due to weakening demand and market saturation.