As China moves to curb domestic EV overcompetition and prioritize industrial upgrading, China Changan Automobile Group (CCAG) officially launched in Chongqing on July 27. The restructuring makes CCAG the third centrally owned automaker in the country, alongside FAW Group and Dongfeng Motor Corporation.
Toyota Motor plans to begin electric vehicle (EV) production in Europe by 2028, marking a significant expansion of its global EV manufacturing strategy. The company announced that its subsidiary in the Czech Republic will produce approximately 100,000 EVs annually, making it Toyota's first EV production hub in Europe and its fourth globally, following facilities in Japan, the US, and China.
Shanghai has issued its first demonstration licenses for Level 4 autonomous vehicles, allowing eight companies to operate fare-based robotaxi services within designated urban zones. The permits, announced during the 2025 World Artificial Intelligence Conference (WAIC), mark a key milestone in the commercial rollout of self-driving technology in one of China's largest and most advanced cities.
BYD, long China's undisputed leader in new energy vehicles (NEV), recently hit an unexpected bump in the road, one that may reshape the industry's competitive landscape: the Chinese government is planning to intervene in BYD's aggressive pricing strategy. While domestic rivals initially appeared to benefit from BYD's troubles, many are now watching the rise of Huawei with heightened interest.
When Jensen Huang, the CEO of global tech titan Nvidia, publicly praised Huawei as a "formidable competitor" and acknowledged its strengths in autonomous driving, AI, chip design, and system software, he made a bold prediction: even without Nvidia, Huawei would find its solutions.
Tesla's financial challenges deepened Wednesday with a sharp drop in second-quarter earnings and revenue, underscoring a tough year marked by falling sales, brand challenges, and growing competition.
