Toyota is selling the present, while Tesla is selling the future — an arguably really far-flung version of the future.
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Despite China’s overall economy coming down with a bad cold last year, its EV players are upstaging the world’s most valuable auto company.
Charging infrastructure remains a barrier in EV adoption.
Chinese electric vehicle giant BYD announced revenue of just over $28 billion in the three months ending September.
Toyota is investing $500 million into Joby Aviation, a California-based startup that wants to make flying taxis.
“Any potential cost savings based off a vehicle’s lower-than-average carbon footprint could influence more price-conscious consumers.”
Uber announced a new partnership with BYD to get 100,000 of its drivers into the company’s electric vehicles.
Ford will spend $3 billion to expand production of its popular combustion engine large trucks; Volvo reported a record core operating profit.
Tesla’s sales fell for the second straight quarter, marking its first back-to-back sales drops since 2012. But its stock still rose 10%.
Fisker, the electric vehicle startup, filed for Chapter 11 bankruptcy Tuesday. The real surprise is that it stuck around as long as it did.
A patent from Honda seeks to make EV charging cheaper and better for the environment.
Dozens of oil and plant-based fuel companies are joining forces to mount a legal war against the EPA’s new emissions standards.
The EU has a 10% tariff on EVs imported from China, but it could soon increase to 25% or 30%.
One market research firm said even duties in the range of 15%-30% won’t keep most of the country’s carmakers out of Europe.
Ford filed two patents to make EV charging adoption quicker, cheaper and easier.
The company started operating some fully driverless robotaxi rides in September 2023, and said 45% of Q4 orders were fully driverless models.