R2

Affordable EVs offer lifeline for automakers amid market slowdown

As many global automakers roll back on their EV strategies in the face of an industry slowdown, the global market is showing a strong preference for affordable EVs over more expensive models. After the end of the US federal subsidy and the Trump administration’s reversal of...
SDV

New report suggests software defined vehicle market will soar to almost $2,000 billion USD by 2034

The global automotive industry is entering a new phase of digital transformation, with software increasingly defining how vehicles operate, evolve and relate to the consumer.  A new study from Allied Market Research forecasts that the software defined vehicle (SDV) market will expand dramatically over the next decade, reaching an...
BYD on road

China’s EV sales fall for the first time in 2 years

Government subsidies and cheap manufacturing costs have long given Chinese automakers a competitive edge when it comes to EV production, facilitating the rapid expansion of manufacturers like BYD and Geely into overseas markets. This seemingly unstoppable growth now appears to be showing signs of waning, following...
Teen rides in taxi

Lyft follows in Uber’s footsteps, launching new ride-hailing app for teens

American ride-hailing company Lyft has announced the launch of its own teen account service, allowing minors as young as 13 to hail a taxi without an adult present. Lyft currently has 25 million active riders and coordinates 9 million rides per day across the US, Canada...
UN general assembly

UN draft agenda on autonomy promises a unified approach to global self-driving regulation

As autonomous innovation accelerates towards widespread deployment and robotaxis roll out in record numbers, global regulation has historically lacked a clear or decisive approach. Instead, countries have determined their own legislation, resulting in a patchwork of fragmented regulation across geographies. By 2030, Boston Consulting Group predicts...
LMR battery cell

General Motors bets on unproven battery technology in a bid to drive down EV costs

In a bid to leapfrog EV competition, automaker General Motors is betting on an unproven battery technology: LMR, or lithium manganese-rich prismatic cells in its latest EV strategy.   Originally discovered in the 1990s, LMR is a cathode chemistry that requires reduced levels of rare-earth materials...
Carney

Mark Carney unveils Canada’s revised automotive strategy, scrapping EV mandate

On Thursday, Canadian Prime Minister Mark Carney unveiled a revised national automotive strategy that has set a brand new course for Canadian electrification. Announced against the backdrop of rising trade tensions and mounting pressure from U.S. tariffs, the plan represents a shift in how Ottawa...
Electric Volkswagen

German EV makers race ahead of Chinese imports in domestic sales

Germany has long held the title of Europe’s largest and most significant automotive market, with a rich history of manufacturing and vehicle production. As the birthplace of well-loved legacy brands such as Audi and Volkswagen, the automotive sector continues to make up a significant share...
Tesla hidden door handle

China becomes first country to ban retractable car handles over safety concerns

China is set to become the first country to ban retractable door handles on passenger vehicles. The trend, popularised by EV makers seeking sleek silhouettes and improved aerodynamics, has raised safety concerns amongst vehicle legislators.   The new safety standards were announced by the Ministry of Industry and...
Waymo

Alphabet-owned Waymo targets $110 billion valuation in new funding round

Alphabet-owned autonomous driving company Waymo has ambitious plans to raise $16 billion in a financing round that would see the group’s valuation rise to nearly $110 billion. The company, which plans to make its entry into Europe this year, starting with the UK capital, has a...