Growth in electric vehicle sales has been slowing, but the Italian luxury carmaker is stepping up investment and setting ambitious targets.
The European Union took the next step toward collecting heavy tariffs on electric vehicles, ahead of a final decision in October.
High interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months between April and June.
The Tesla chief executive’s polarizing statements have alienated some potential customers and may be partly responsible for a recent slump in sales.
China’s leaders vowed to kick-start spending by offering subsidies for households to buy cars and appliances. But many consumers aren’t biting.
The amount Volkswagen said it planned to invest in the electric vehicle maker Rivian.
VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.
As the European Union moves to impose tariffs on Chinese cars, Germany, with an auto industry deeply enmeshed with China, is stuck in the middle.
The company became the latest electric vehicle start-up to fail to meet investors’ expectations after a high-profile public debut.
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