Automundo China

Tesla reported net income of $409 million in the first quarter, down 70.58 percent year-on-year.

(Reuters) -Tesla CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China's export restrictions of rare earth magnets. He said China wants assurances that its rare earth magnets are not used for military purposes, adding that the automaker is working with Beijing to get an export license to use rare earth magnets.

No batteries, no gasoline – BYD new hydrogen-powered bus is revolutionizing transportation in the US BYD, short for Build You

Volkswagen unveils three new electric concept cars – the ID. Aura, ID. Era, and ID.Evo – as it attempts to regain market share in the world’s biggest EV market.

China has recently introduced a new round of rare earth export controls. As reported by Reuters, Tesla CEO Elon Musk states on Tuesday that production...

SHANGHAI (AP) — Leading automakers will be showcasing their latest designed-for-China models at the Shanghai auto show this week, struggling not to be edged aside in the world’s largest car market…

Leading automakers are showcasing their latest designed-for-China models at the Shanghai auto show this week

The world's largest auto industry expo opens its doors Wednesday in Shanghai, showcasing the new electric world order even as mounting trade barriers risk dampening China's global ambitions.And although the levies will increase the cost of China's vehicle component exports by about 24 percent, "this represents only about 3.8 percent of China's total auto industry production value", it noted.