Despite Elon Musk's public dismissal of LiDAR as unnecessary for self-driving, Tesla quietly became the top customer of LiDAR supplier Luminar in 2024—just as China surged ahead in global LiDAR dominance.
Foxconn Technology Group, also known as Hon Hai Precision, is poised to make significant strides in the electric vehicle market, announcing a strategic seminar in Japan on Apr. 9 to demonstrate its manufacturing capabilities and court potential automotive partnerships.
President Donald Trump's announcement of a 25% tariff on auto imports has sparked widespread concern among economists and market analysts, with many warning of potential severe economic consequences.
Trump announced a 25% tariff on auto imports starting April 3, aiming to boost U.S. production but raising costs for automakers relying on global supply chains.
March 25, 2025 – In a historic shift within the electric vehicle (EV) industry, Chinese automaker BYD (OTC: BYDDY) has overtaken Tesla (NASDAQ: TSLA), the long-standing leader in the EV market, in annual revenue for 2024. BYD reported a staggering $107 billion in revenue, edging out Tesla’s estimated $97 billion
Wall Street soared Monday, kicking off the week in full risk-on mode as investors welcomed signs of easing trade tensions and stronger-than-expected economic data.
BYD's new 5-minute EV charging platform electrifies the market as investors respond enthusiastically to the technology and push shares to record highs.
Zeekr Intelligent Tech will launch advanced driver-assistance capabilities for free in China. The system, using Nvidia's Orin X chips and lidar technology, enables near-autonomous driving.
BYD Co. Ltd., China's leading electric vehicle maker, has introduced a groundbreaking charging system that can fully charge an EV in the time it takes to refuel a gasoline car, potentially eliminating one of the biggest barriers to EV adoption worldwide.
BYD has introduced a groundbreaking charging system that rivals the speed of refueling a gasoline car. Chairman Wang Chuanfu announced that in tests, the new system charged the Han L model with 292 miles of range in just five minutes.
