Zoox, Amazon.com's self-driving taxi business, has announced that it will begin testing its robotaxi vehicles in Austin and Miami, Texas.

On May 31, Huawei AITO M7 Ultra was unveiled and officially launched it for sale. Within just one hour, pre-orders exceeded 6,000 units.

Tesla's stock rose by 6.7% on news from the Chinese market and advancements in its Semi truck, but intense competition and ongoing price wars in China continue to affect profits.

Malaysia has overtaken Thailand to become ASEAN's second-largest auto market after Indonesia, signalling the region's emergence as a key competitive market for Asian automakers.

Tesla CEO Elon Musk has withdrawn his earlier decision to lay off employees and rehired some members of the Supercharger team after the stock suffered a tremendous backlash.

Toyota Motor Corp. forecasts a 20% drop in profit for the current fiscal year, as major investments will have an impact on earnings.

On April 29, BYD released its financial report for the first quarter of 2024, citing lower-than-expected revenue due to intense domestic price competition and regulatory pressures from the West.

Pham Nhat Vuong, founder and CEO of Vingroup Group, pledged at the shareholders' meeting to invest another $1 billion in the Vietnamese electric car maker and consider listing other companies under its umbrella.

Tesla plans to accelerate production of lower-priced models in the face of slowing demand, news of which pushed shares up 13%.

Faced with declining sales and competition from electric vehicles in China, Tesla has cut prices in several major markets.。

Tesla is expected to report a profit-declining first-quarter earnings report as investors focus on future product development.

Tesla has cut the price of its Fully Self-Driving (FSD) driver-assistance software from $12,000 to $8,000 in the U.S., as CEO Elon Musk continues to bet that the technology will become a major source of revenue for the world's highest-cap carmaker.

Cruise, the self-driving subsidiary of GM, relaunched its self-driving car service to rebuild public trust and strengthen safety standards after a major accident last year.

The electric vehicle market has continued to be challenged recently by reduced demand and a lack of significant advances in battery range and self-driving technology, and the share prices of the concept stocks are likely to underperform in the near term.

Thailand's approval of a special tax reduction scheme for commercial electric trucks and buses and cash grants for eligible electric vehicle battery producers will stimulate demand and strengthen its position as a hub in Southeast Asia.

Thailand's state-owned oil giant PTT has begun producing lithium-ion electric vehicle batteries to build a supply chain for the NETA brand and capitalise on the country's growing market for new energy vehicles.