Etiqueta: Robotaxi

Elon Musk’s Tesla is on a sharp downward spiral, shedding 16 per cent in just over a week after Chinese rival BYD announced plans to develop autonomous vehicles with DeepSeek. Coming into Wednesday trading, the EV giant dropped for its fifth consecutive day. Its shares have plummeted 32 per cent since mid-December, when the firm

Tesla shares fell 7% on Tuesday and have dropped for five straight days, wiping out over $200 billion in market cap.

Tesla recalls 239k vehicles, BYD launches affordable EV in Oz, Tesla's Cybertruck praised for wildfire performance, Uber and Lyft revamp robotaxi strategy, XPeng and Volkswagen to build EV charging network in China.

The profound and sustained challenge to auto industry economics will force cost cutting, mergers — and all the political wrangling, labor unrest and trade friction this entails.

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BYD Auto ($BYDDY) became the world’s largest electric vehicle (EV) producer in 2023, a position it didn’t hold for long. It’s a company that is certainly weighed do...

BYD, China's leading electric vehicle (EV) maker, and Uber unveiled a multi-year strategic partnership on Wednesday, planning to integrate 100,000 new BYD EVs into the US ride-hailing giant's global fleet and collaborate on future BYD vehicles with autonomous capabilities, according to an announcement released by BYD on Thursday.

No timeline yet, but drivers beware: Plans include collaboration on autonomous-capable vehicles

Tesla CEO Elon Musk warned that Chinese EV maker BYD needs to change its approach to vehicle autonomy fast to avoid going obsolete.

Uber wants more EVs on its app.