Automotive

Cyngn Secures $9.65 Million in Direct Offering to Fuel Autonomous Vehicle Technology Growth

Cyngn Inc. successfully raises $9.65 million in a registered direct offering to fund its autonomous vehicle technology development and working capital needs.

Dow Plunges into Correction Amid Middle East Tensions and War Fears

Dow Jones Industrial Average enters correction territory as Middle East tensions and Iran war fears drive a broad market sell-off and surge in oil prices.

ASEAN Summit in May to Focus on Critical Issues Amidst Middle East Conflict

ASEAN Summit in May to proceed with a trimmed agenda focusing on key issues like fuel supplies, food prices, and migrant workers, amidst the Middle East conflict.

Huawei’s New AI Chip Gains Traction with ByteDance and Alibaba Amidst Nvidia Restrictions

Huawei's new Ascend 950PR AI chip is gaining significant orders from ByteDance and Alibaba, challenging Nvidia's market share amidst U.S. export restrictions.

India and Russia Deepen Energy Alliance Amidst Global Tensions

India and Russia are strengthening energy ties, increasing crude oil and LNG imports from Russia amidst Middle East tensions and US pressure.

Global EV Sales Rise 29% in April Despite Trade Tensions

In April, global sales of electric and plug-in hybrid vehicles rose by 29% year-on-year, reaching 1.5 million units. Despite trade tensions and economic uncertainties,...

Honda Profits Tumble as Tariffs Impact Outlook and Future Earnings Forecast

Honda reported a steep decline in its fourth-quarter operating profit, missing analyst expectations as the Japanese automaker braces for the continued impact of U.S....

GM Appoints Former Tesla and Aurora Executive Sterling Anderson as Chief Product Officer

General Motors has appointed Sterling Anderson as its new chief product officer, a strategic hire that underscores the automaker’s commitment to innovation across both...

China EV Makers Report Mixed April Sales as Safety and Innovation Take Focus

Chinese electric vehicle maker Xpeng reported deliveries of 35,045 units in April, maintaining its streak of exceeding 30,000 monthly deliveries for the sixth month...

BMW to Integrate DeepSeek AI in China-Made Vehicles Starting This Year

BMW has announced plans to incorporate artificial intelligence developed by Chinese startup DeepSeek into its new vehicle models in China beginning later this year....

Porsche to Launch China-Exclusive Infotainment System in 2026

Porsche has announced it will introduce an exclusive infotainment system designed specifically for the Chinese market in 2026, a move that underscores the luxury...

Mercedes-Benz Urges EU-China Cooperation on EV Tariffs

Mercedes-Benz CEO Ola Källenius has voiced strong support for a collaborative and balanced approach to resolving trade tensions between the European Union and China...

GAC Commits to Safety Responsibility for Level 4 Autonomous Vehicles

Guangzhou Automobile Group (GAC), one of China’s prominent automakers, has announced its commitment to assuming full responsibility for the safety of Level 4 autonomous...

Nissan to Invest Over $1.3 Billion in China by 2026

Nissan Motor has announced plans to invest over 10 billion yuan (approximately $1.37 billion) in China by the end of 2026. This significant investment...

Tesla Delays Production of Affordable Model Y, Targets 2026 Launch

Tesla's long-anticipated plans for an affordable electric vehicle have faced delays, including the production of a U.S.-made, budget-friendly version of its popular Model Y...

The Rise of Car Operating Systems: Revolutionizing Vehicle Technology

Modern vehicles are increasingly powered by sophisticated operating systems, a shift that started decades ago with the introduction of electronic control units (ECUs) in...

Waymo to Begin Autonomous Vehicle Testing in Tokyo in 2025

Waymo, Alphabet’s autonomous vehicle unit, announced plans to begin testing its self-driving cars in Tokyo in early 2025, marking its first international expansion and...

General Motors Ends Cruise Robotaxi Operations to Refocus on Core Business

General Motors (GM) has announced the shutdown of its Cruise robotaxi operations, marking a strategic shift toward its core automotive business and adjacent opportunities....

Nio Challenges Foreign Luxury Carmakers with ET9 Electric Sedan

Chinese electric vehicle (EV) manufacturer Nio has launched its latest luxury sedan, the ET9, aimed at competing with premium models like BMW’s 7 Series...

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