Elon Musk's Tesla launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada and Europe on Thursday, weeks after it was first released in China.

After not even a full year of being on sale, Xiaomi's SU7 electric sports sedan is rapidly grabbing Chinese market share.

"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel in Davos, Switzerland.

The launch of a refreshed version of Tesla's most popular car, the Model Y, comes as the company fights its first-ever sales decline.

Tesla has finally allowed automotive YouTubers to get up close to the refreshed Model Y. The new videos detail all the minor changes Tesla has made to the all-electric crossover. The design gets a big thumbs up,

Xiaomi recently announced that the Xiaomi SU7 had surpassed the Tesla Model 3 in terms of vehicle deliveries in December 2024, thereby achieving a position among the top 5 in China's electric vehicle (EV) sedan sales list.

Tesla's Chinese market share is strong — but not as strong as the hold the California-born, Texas-based EV startup has on the U.S. car market. According to data from Cox Automotive, Tesla's Model Y was the best-selling EV in the domestic market last year by a wide margin (and one of the best-selling passenger vehicles overall) — and now,

The Car market is a mess in 2025 suggesting a number of companies may be gone by the end of the decade. It would be wise to avoid buying a new car until it has settled again, likely after 2027 but before 2030,

He was referring to dispute Trump’s executive order – one of a slew he has signed since taking office on Monday – that calls for the elimination of the “electric vehicle mandate.” Fanjoy and some market watchers feel government and industry investments in EV technology have moved too far along for Trump's order to have much influence on reining in sales over the long term.

Elon Musk’s woes have deepened after Tesla recalled 1.2 million electric vehicles - in China. The firm belonging to the world’s richest man, who was panned for appearing to give a ‘Nazi Salute’ at Donald Trump’s inauguration,

Growing NEV Adoption: The market for new market vehicles (NEVs) is on the rise in China. NIO expects vehicle deliveries in 2025 to double the output from 2023 (roughly 165,000 units). This still only makes up about 2% of the Chinese NEV market and gives NIO plenty of roadway to grab market share for years to come.