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Toyota Prius
Cars & Bikes

Hybrid Cars Surge as Electric Vehicle Growth Slows

The automotive industry’s shift toward an all-electric future faced a notable slowdown in 2024, with electric vehicle (EV) sales growth tapering off compared...

Mazda MX-30 R-EV
Cars & Bikes

Europe’s EV Pause Boosts Plug-In Hybrids: Mazda’s Timely Move

Mazda’s timing for launching the plug-in hybrid MX-30 seems strategic, coinciding with Tesla’s recent sales challenges that underscore the unpreparedness of electric cars...

Billionairesworld's billionaires

Chen Yuantai: Steering Innovation at Contemporary Amperex Technology

In the rapidly evolving landscape of battery technology, Chen Yuantai emerges as a pivotal figure at the helm of Contemporary Amperex Technology Co.,...

Rivian
Cars & Bikes

Rivian Struggles Amid Tesla Model Y’s Price Pressure

Rivian, the Irvine, Calif.-based EV manufacturer, had a tough week, announcing that it expects to produce about 57,000 vehicles this year, the same...

Rivian's Turbulent Shift
Cars & Bikes

Rivian Stock Drops 15% on Layoffs Amid EV Market Turbulence

Rivian, the electric vehicle (EV) startup, faced a significant setback as its stock price plummeted by 15% following the announcement of layoffs. The...

EU EV Challenges
Cars & Bikes

Europe’s EV Industry Struggles Against Chinese Competition

European automakers and green advocates agree: affordable electric vehicles (EVs) are key to transitioning from early adopters to the mass market. However, with...