As artificial intelligence (AI) accelerates the buildout of data centers, the race to supply their enormous energy demands is drawing new alliances between China's technology and industrial giants.
Tesla is developing a new, smaller and lower-cost electric sport utility vehicle, according to people familiar with the matter and the industry, marking a notable shift in strategy for CEO Elon Musk.
Foxconn and Mitsubishi Fuso Truck and Bus have forged a strategic partnership aimed at exporting Japanese-made electric buses to Southeast Asia and Australia by 2030, combining Foxconn's rapid EV development capabilities with Mitsubishi Fuso's established brand and sales channels. The move addresses shrinking domestic demand in Japan and growing competition from Chinese manufacturers.
The global adoption of advanced driver-assistance systems, or ADAS, and autonomous vehicles is expected to rise from 66 percent in 2025 to 94 percent by 2035. Within that growth, Level 2 systems are projected to reach a 65 percent penetration rate. But the technological path toward higher levels of autonomy is beginning to diverge.
China's auto market showed a notable shift in the first quarter of 2026, with Volkswagen, Geely, and Toyota returning to the top of the sales rankings in the first two months of the year. BYD, long the market leader, slipped to fourth place, drawing widespread attention.
