Hyundai signals launch of high-spec Tucson hybrid in Pakistan
Hyundai announces in a teaser that the “All-Wheel Drive Hybrid is almost here,” emphasizing “unstoppable power.”
Hyundai won’t raise U.S. prices despite new tariffs, says co-CEO
We have seen the tariff announcement, and we are evaluating the impact, says Jose Munoz
Swedish insurer divests $160 million stake in Tesla over labor rights
The divestment follows a prolonged labor dispute involving Tesla and Swedish unions, which began in late 2023
China to launch EV grid projects to support power system
This allows cars to function as energy storage units, contributing power back to the grid
Trump expands trade war with 25% tariff on foreign-made vehicles
The tariffs extend to key automotive parts, imposing duties on engines, transmissions, powertrain components, and electrical systems
Tesla to begin sales in Saudi Arabia next month
Tesla enters the Saudi market as it faces declining sales in Europe and activist protests in the United States
BYD aims to sell 800,000 cars abroad this year, doubling 2024 figures
BYD plans to maintain cost advantages by sourcing key components from China while assembling vehicles in local markets
Canada halts Tesla rebates as U.S. trade dispute escalates
All rebate claims would undergo individual investigations before any payments are approved, says Canadian Transport Minister
FBI investigates rising threats against Tesla
The bureau is actively investigating an uptick in violent incidents targeting Tesla, says FBI Director Kash Patel
China’s data regulations halt Tesla’s autonomous driving expansion
Tesla faces challenges in training the system with data from its 2 million electric vehicles due to the China’s strict data regulations
Tesla recalls 46,000 Cybertrucks due to exterior panel defect
The issue, identified in a stainless-steel exterior trim panel raises safety concerns, prompting the automaker to take corrective action
Changan Pakistan increases prices for Karvaan, Sherpa models by PKR 50,000
Bookings made before March 31 will be honored at the existing prices
Tesla gets first approval for California robotaxi service
However, the permit does not yet authorize Tesla to provide autonomous rides to the public
Xiaomi raises 2025 EV delivery target to 350,000 units
The raised target reflects Xiaomi’s confidence in its EV business, which earned $4.4 billion last year with 135,000 SU7 deliveries
Auto financing rises to Rs249bn in February amid falling interest rates
Car sales and financing show strong growth as interest rates drop and consumer confidence improves