The company has already made cost-cutting strides this month, axing about 9,000 employees in its latest round of layoffs.

China's top leadership has recently pledged to curb "involutionary" competition amid intense price wars in the country.

Chinese President Xi Jinping has bluntly questioned a nationwide rush of investment into the AI and EV industries. As deflation anxiety grows and Trump’s trade war with China ramps up, the world’s ...

BEIJING] President Xi Jinping questioned the need for local governments across China to crowd into the same emerging ...

China pledged to rein in “irrational competition” in its electric vehicle sector, reflecting authorities’ increasing urgency ...

The Trump administration is readying a package of executive actions aimed at boosting energy supply, four sources said.

The Detroit automaker signed an agreement with Redwood Materials to turn new and used EV batteries into storage systems to ...

AI Stocks; 5G Stocks; ... Winding Road Ahead For China's EV Growth. Sep. 24, 2024 10:40 AM ET DRIV, KARS, BATT, ... China’s EV Makers Have Scope for Further Consolidation.

In just over a decade, China has leapfrogged from being a minor player in the EV sector to the world's largest EV market by a wide margin. In 2023 alone, China accounted for roughly 63.5% of all ...

China EV companies, NIO, XPeng and Li Auto, registered more than 30% year-over-year growth in deliveries for full-year 2024. Europe EV Sales: A Mixed Bag Europe, on the other hand, faced a more ...

Asked about the rapid growth of Chinese electric car companies like BYD, Ford CEO Jim Farley called it "the most humbling ...

Our senior AI reporter Melissa Heikkilä spoke to two AI policy researchers at OpenAI to hear more about how the company is making ChatGPT safer and less nuts. Read the full story .