Citing Chinese automobiles and trucks with internet connectivity as a possible national security threat, President Biden directed the Commerce Department to launch an inquiry into foreign software in automobiles. Get details at Headlight.News.
BYD
Chinese Automaker BYD Unveils EV Supercar, Updated Dolphin EV
When Chinese automaker BYD announced that it surpassed Tesla in global electric vehicle sales, the world took notice. BYD has been on a mission since then to expand its presence in the EV sector and has formally unveiled two models that look to further solidify its lead over Tesla, the U9 BEV supercar and an updated version of the mass-market-focused Dolphin hatchback. Get details at Headlight.News.
Shifting Focus to Smaller, More Affordable EVs is “Nonnegotiable,” says Ford CEO Farley
After delaying billions of dollars in investments, Ford is shifting its EV strategy to put more focus on smaller, more affordable models – but ones that will also deliver quick profits, CEO Jim Farley said during an automotive conference in New York on Thursday. EV...
Latest Recall Adds to Tesla’s Very, Very, Very Bad Week
Tesla will recall 200,000 EVs to address a problem with their backup camera. The latest in a series of recalls comes as the automaker faces some serious challenges, including a slowdown in sales and earnings that led to a major sell-off of stock this week, wiping out $80 billion in shareholder value. Headlight.News has more.
Tesla Planning $25,000 EV Codenamed “Redwood”
Tesla CEO Elon Musk has repeatedly promised to bring more affordable EVs to market but has so far failed to pull it off. Now, however, a report indicates the Texas-based automaker is getting ready to follow through with a compact crossover that could be available by mid-2025 at a starting price of $25,000. More from Headlight.News.
Tesla Sets Sales Record – But Still Misses its Target as BYD Closes the Gap
Tesla delivered 485,000 vehicles during the fourth quarter, bringing total sales for the year to 1.8 million, an all-time record. But the automaker fell short of the 2 million target CEO Elon Musk set early last year. And it has BYD, breathing down its neck, even though that major Chinese competitor has yet to enter the North American market.