HONG KONG (AP) — China will impose up to 42.7% of provisional tariffs on dairy products including milk and cheese imported from the European Union, its Commerce Ministry said Monday. The elevated duties, which take effect Tuesday, were based on preliminary results from an investigation opened by China’s Commerce Ministry in August 2024 as tensions between Beijing and Brussels flared. Beijing reviewed subsidies provided by EU countries for their dairy and other farm products. Beijing’s probe was launched ...

As we continue our review of the first quarter of the 21st century, we turn to one country that has been a story, well, really many stories in and of itself. Our colleague Enda Curran takes us through China's remarkable transformation. [Applause] -China joining the WTO in 2001 was probably one of the most consequential decisions, not just for China's economy, but for the world economy.-The WTO agreement will move China in the right direction. -So companies could shift there and both tap into the Chinese mar ...

Core Viewpoint - Tesla's future heavily relies on artificial intelligence, particularly its robotaxi initiative, which has generated significant investor interest and driven stock prices to near all-time highs [1][2]. Company Developments - Tesla's CEO Elon Musk has consistently promised advancements in AI to transform the mobility market, aiming to create a fleet of fully autonomous vehicles [2]. - Recent updates on the robotaxi project have been positively received, contributing to a surge in Tesla's stock price [2][9]. - As of mid-December, Tesla has launched limited robotaxi services in Austin and the San Francisco Bay area, but these services still require human safety drivers [9][10]. Historical Context - Tesla has a history of missed deadlines and overpromises, including the failure to deliver fully autonomous driving capabilities and delays in the production of the Tesla Semi and Roadster 2.0 [5][11]. - Musk's past predictions, such as having 1 million robotaxis operational by 2020, have not materialized, raising skepticism about future timelines [11]. Financial Metrics - Tesla's current market capitalization stands at $1.6 trillion, with a price-to-sales ratio of 17.6 and a price-to-earnings ratio of nearly 320, indicating an unusually high valuation for an automobile company [4][13]. - Despite the high valuation, Tesla's core electric vehicle business is reportedly in decline, with no significant financial contribution from the robotaxi initiative yet [15]. Investment Outlook - The stock's performance appears driven more by narratives and hype rather than actual business performance, suggesting caution for potential investors until tangible progress is made in the robotaxi project [16].

Core Insights - Phoenix Motor Inc. has announced a strategic partnership with Powers Parts to enhance parts availability and service support for electric buses across North America and Canada [1][2][3] Company Overview - Phoenix Motor Inc. is focused on zero-emission commercial transportation, offering a range of electric vehicles including transit buses and delivery vans [6][7] - The company operates under two brands: PhoenixEV for the American market and EdisonFuture for international markets [6] Partnership Details - Powers Parts will distribute OEM-approved replacement parts and provide expanded service support, reinforcing PhoenixEV's commitment to high-quality electric bus performance [2][3] - The partnership aims to ensure timely access to critical components, maximizing uptime and operator satisfaction for transit agencies and fleet operators [3][4] Strategic Goals - The collaboration is intended to enhance customer service responsiveness and maintain quality standards, as stated by PhoenixEV's VP of Global Operations [4] - Powers Parts is recognized as a trusted distributor for multiple OEM suppliers in the electric bus sector, further solidifying the partnership's effectiveness [4][8] Future Outlook - PhoenixEV will continue to manage all factory warranties while benefiting from the additional service support provided by Powers Parts [5] - The company aims to expand its service and support network across North America through this strategic alignment [5]

Core Insights - Former Patagonia CEO Rose Marcario is resigning from Rivian's board of directors effective January 1, to focus on other commitments, reducing the board from eight to seven members [1][2] - Marcario has been on Rivian's board since January 2021 and will continue as chair of the Rivian Foundation, which aims to make the natural world a stakeholder in Rivian's success [2][3] - The Rivian Foundation was established before Rivian's IPO and was initially allocated 1% of the company's equity, with its first $10 million in grants announced in 2024 and an additional $2.6 million awarded this year [3] Company Developments - Rivian expressed gratitude for Marcario's contributions over the past five years and looks forward to her ongoing leadership in the Rivian Foundation [4]

ANAHEIM, CA / ACCESS Newswire / December 19, 2025 / Phoenix Motor Inc. (OTC:PEVM) ("PhoenixEV" or the "Company"), leader in zero-emission commercial transportation, today announced a new strategic alignment with Powers Parts, a leading provider of OEM-approved electric-bus components and aftermarket service support. This alliance expands parts availability, enhances service responsiveness, and strengthens aftermarket support for customers throughout North America and Canada. ...

Core Viewpoint - Fly-E Group, Inc. reported a significant decline in net revenues for the second quarter and first half of fiscal year 2026, primarily due to reduced average unit prices and a challenging retail environment, while wholesale revenue showed strong growth. Financial Summary for Second Quarter of Fiscal Year 2026 - Net revenues were $3.9 million, a decrease of 42.7% from $6.8 million in the same period last year, driven by a 61% drop in average unit price of electric vehicles [3][4] - Retail sales revenue was $2.0 million, down 65.8% from $5.9 million, attributed to safety concerns over lithium-battery incidents and the closure of retail stores [4] - Wholesale revenue increased by 91.3% to $1.7 million from $0.9 million, supported by sales from disposed entities [4][15] - Rental services revenue was $0.2 million, with no revenue generated in the same period last year [4] - Total operating expenses decreased by 51.0% to $2.0 million from $4.1 million, reflecting cost-optimization measures [8] - Gross profit was $1.0 million, down 66.4% from $2.9 million, with a gross margin of 25.0%, down from 42.6% [6] - Net loss was $1.8 million, an increase of 55.4% from $1.1 million in the same period last year [9][10] Financial Results for First Half of Fiscal Year 2026 - Net revenues were $9.2 million, a decrease of 37.2% from $14.7 million, primarily due to a reduction in total units sold by 2,924 units [12] - Retail sales revenue was $5.8 million, down 54.7% from $12.8 million, largely due to a decrease in the number of retail stores [13] - Wholesale revenue increased by 65.5% to $3.2 million from $1.9 million, driven by contributions from disposed entities [13] - Total operating expenses were $5.8 million, a decrease of 20.5% from $7.3 million [18] - Net loss was $3.8 million, an increase of 186.2% from $1.3 million [19] - Basic and diluted losses per share were $6.58, compared to $5.60 in the same period last year [20] Operational Insights - The rental business achieved a gross margin of 79.8%, indicating its potential as a key profitability driver [7] - Selling expenses decreased significantly due to the closure of retail stores, with total selling expenses at $2.3 million, down 35.7% from $3.7 million [23] - General and administrative expenses were $3.4 million, a slight decrease of 5.1% from $3.6 million, with professional fees increasing due to ongoing reporting obligations [23] Cash Position - As of September 30, 2025, the company had cash of $2.5 million, up from $0.8 million as of March 31, 2025 [24]

XPeng stock price has nosedived in the past few weeks as investors have dumped Chinese EV companies. XPEV dropped to $18 in New York, down by 35% from its highest point this year. ...

商务部新闻发言人何亚东：中欧双方正在就电动汽车案开展磋商。中方的原则和立场是一贯的，愿与欧方通过对话磋商妥善解决分歧。推进达成行业整体解决方案，希望欧方与中方相向而行，切实落实中欧领导人会晤重要共识，真正拿出诚意。 ...

机构：中银国际 研究员：Alex LIN/LOU Jia/Olivia NIU/Alina LIN With concerns over smartphone and IoT priced in, smart EV and AI business remains focus of debate The smartphone sector faces a challenging 2026 characterised by a super memory cycle which further pushes up DRAM/NAND prices dramatically in Nov/Dec. The prolonged EV capacity uncertainty further amplifies negative sentiment towards the stock. However, as long as Xiaomi's new products either EVs, smartphone or IoTs are able to repeat its past mass market succes ...