Musk’s xAI set to launch first AI model to select group
By Akash Sriram and Mrinmay Dey (Reuters) – Elon Musk‘s artificial intelligence startup xAI will release its first AI model to a select group on Saturday, the billionaire and Tesla…
China, US and EU agree to work together on AI safety at UK summit
By Paul Sandle, Martin Coulter BLETCHLEY PARK, England (Reuters) – China agreed to work with the United States, European Union and other countries to collectively manage the risk from artificial…
Thailand approves new, scaled down EV subsidy package
By Kitiphong Thaichareon BANGKOK (Reuters) – Thailand on Wednesday approved a new subsidy package for electric vehicles, an industry official said, in a move to support EV sales in a…
Panasonic cuts battery unit’s profit outlook, warns on high-end EV sales
By Daniel Leussink TOKYO (Reuters) – Panasonic Holdings, which supplies Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division’s…
Ford shares fall after pulling full-year forecast, wider losses in EV unit
By Shivansh Tiwary (Reuters) – Shares of Ford Motor Co closed down 12.3% on Friday, after the automaker reported a wider loss from its electric-vehicle (EV) business due to pressures…
Stellantis resets China strategy with $1.6 billion stake in EV firm Leapmotor
By Zhang Yan and Brenda Goh HANGZHOU, China (Reuters) – Stellantis is buying a 21% stake in Leapmotor for $1.6 billion, it said on Thursday, in a reset of its…
China’s Great Wall Motor is first EV maker to respond to EU anti-subsidy probe
By Zhang Yan and Brenda Goh SHANGHAI (Reuters) – China’s Great Wall Motor said it had formally submitted responses to the European Commission‘s anti-subsidy investigation of Chinese-made electric vehicles (EVs),…
Musk considers removing X platform from Europe over EU law
By Yuvraj Malik (Reuters) – Elon Musk, owner of social media platform X, is considering removing the service formerly called Twitter from Europe in response to a new internet platform…
Ferrari to accept crypto as payment for its cars in the US
By Giulio Piovaccari MILAN (Reuters) – Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following…
Carmakers apply for French EV subsidies under more stringent rules
By Gilles Guillaume PARIS (Reuters) – Automakers will from Tuesday submit the specifications of their electric vehicles (EV) to French authorities in the hope they can continue to benefit from…