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Markets

Big tech shares set to waver as Tesla and Alphabet disappoint markets

The two major tech earnings are pressuring Wall Street, with futures pointing to a lower opening on Wednesday. The souring sentiment may ripple through the European markets as LVMH also failed to cheer investors.

Markets

What to expect from Tesla results? Energy storage and AI in focus

Tesla’s revenue for the second quarter may continue declining amid a slowdown in sales. However, the development of robotaxis and energy storage may become the focal point for its market valuation.

Business

French car maker Renault posts 1.9% rise in first-half sales volume

The surge in sales was largely due to the strong performance of the company's hybrid models in Europe.

Business

Volvo exceeds revenue expectations for Q2, but lowers sales forecast

The company is also continuing to invest heavily in the green transition and electric vehicles (EVs), despite concerns that EV demand in Europe may be tapering off now.

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Business

TotalEnergies to partner with SSE on new British EV charging company

French oil giant TotalEnergies has announced that it is partnering with SSE, a UK-based power company in order to launch an electric vehicle (EV) charging company called Source, which will operate in Britain and Ireland.

Business

VW mulls closure of Brussels Audi plant due to low demand for EVs

The Audi plant has seen a drop in demand for luxury EVs. Owner VW is currently trying to find an alternative solution for the Brussels site.

Europe News

EU confirms steep tariffs on Chinese electric vehicles

Brussels accuses Beijing of lavishing its car-makers with enormous amounts of subsidies that lead to artificially low prices and unfair competition.

Business

German car giant VW to invest billions in Tesla rival Rivian

The deal of up to €4.68bn creates a joint venture that will allow VW and the US-based electric vehicle (EV) maker to share technology.

Mobility

Euroviews. Hybrid vehicles have proven to be the right choice for decarbonisation

Instead of considering EVs and hybrids as competing solutions, we should recognise that they are complementary solutions for different problems, Patrice Haettel writes.

Business

Beijing protests EU tariff increase on Chinese electric vehicles

Beijing strongly opposes the EU's decision to increase tariffs on their electric vehicles amid efforts by European automakers to forge joint ventures with Chinese counterparts to mitigate the tariff impact.

Business

Ferrari's first electric car to cost at least half a million euros

Ferrari's first electric car will cost at least €500,000, a source familiar with the matter told Reuters.

Europe News

China probes EU pork products in prelude to retaliation for EV tariffs

The European Commission is expected to increase tariffs on China-made electric vehicles as soon as 5 July.

Economy

Why is Germany opposed to EU tariffs on Chinese electric vehicles?

German automobile manufacturers such as BMW, Mercedes-Benz and Volkswagen could be badly hit by retaliatory tariffs because they all have massive production plants in China.

Business

Elon Musk wins backing of shareholders on Є52 billion pay package

Tesla’s shareholders voted to reinstate CEO Elon Musk’s $55.8 billion (€52 billion) pay package, which was rejected by a judge in Delaware earlier this year. Investors also approved the relocation of the company’s incorporation to Texas.

Economy

Europe prepares for China retaliation after EU imposes EV tariffs

As retaliation for the EU’s tariffs on Chinese electric vehicles, China could potentially slap duties on things like European pork and dairy products, as well as brandy and luxury goods.

Business

China hits back at EU tariff hike on electric vehicles

Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops.

Europe News

What Brussels found when it probed Chinese subsidies and electric cars

China-made electric vehicles will soon be subject to additional tariffs when they are brought into the European Union's borderless market.

Europe News

EU to slap extra tariffs on Chinese electric cars

The European Commission's anti-subsidy inquiry into Chinese electric vehicles has been described as one of the most consequential of its kind.

Economy

Why are European countries fighting to get Chinese EV factories?

EU countries are offering incentives such as tax breaks, an easing of regulations in designated zones and support for battery factories to Chinese EV makers.

Economy

Manganese batteries: Could they be the main driver for EVs?

Lithium batteries are expensive to produce, and can be hard to recycle. There are also claims that mining for lithium is dangerous. Manufacturers are looking at other metals to see what they can offer.