Electric Vehicles
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Ford's EV unit 'Model e' reported $1.2 billion in Q4 losses as the company shifts its electric vehicle strategy, now targeting profitability by 2029 Source
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Toyota unveiled the 2027 Highlander as a three-row electric SUV with 320 miles of range, marking Toyota's first three-row EV for the US market and the first Toyota EV assembled in America Source
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Trump administration's new 'Buy American' requirement for EV charging infrastructure threatens to dramatically slow the buildout of the $5 billion NEVI program Source
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BYD replaced Nissan as Manchester City's official automotive partner and sponsor Source
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Federal regulators ordered a recall of Fly E-Bike's Fly 10 electric moped after determining the popular model is not street legal in the US Source
Autonomous Vehicles
- A Lucid Gravity robotaxi equipped with Nuro's autonomous driving technology was spotted testing on public roads in Santa Clara, California, ahead of its planned late 2026 launch with Uber Source
Investment & Financial
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Norway's sovereign wealth fund acquired shares in Lucid Motors for the first time since the company's 2021 IPO, as part of a major push into automotive investments in Q4 Source
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Goldman Sachs increased its stake in Nio by 57% during Q4, with holdings now worth $71 million Source
AI/Automation
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Xiaomi's automotive plant in Beijing utilizes 600-700 robots to achieve "extremely high" automation levels across all production stages, according to CEO Lei Jun Source
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OpenAI, Anthropic, Google, and other major tech companies are collaborating on F/ai, a new startup accelerator based in Paris Source
Materials & Design
- Luxury car brands are increasingly offering non-leather seat options in some markets, though US customers often lack access to these alternatives Source