Core Viewpoint - Volvo Cars is recalling over 40,000 EX30 SUVs due to a risk of battery overheating and potential fire hazards, which is critical for its competitive strategy against cheaper Chinese brands [1][2]. Group 1: Recall Details - The recall affects 40,323 model year 2024-2026 EX30 Single-Motor Extended Range and Twin-Motor Performance vehicles equipped with high-voltage battery cells [2]. - Volvo is replacing the affected battery modules free of charge and advises owners to limit charging to 70% until repairs are completed [5][8]. - The company has identified 189 affected vehicles in the U.S. that will be inspected and repaired if necessary [6]. Group 2: Financial Implications - The estimated cost for replacing the battery packs could reach $195 million, based on analysis from a Chinese battery maker, excluding logistics and repair costs [9]. - Volvo is in discussions with its battery supplier, Shandong Geely Sunwoda Power Battery Co., which has reportedly resolved the issue [10]. Group 3: Brand Reputation - Volvo's safety reputation is crucial, and the company cannot afford safety issues as they directly impact its brand identity [13][14]. - The automaker is proactively contacting owners of affected vehicles to guide them through the recall process [14].

2月23日，问界汽车发布关于广东省惠州市车辆起火的说明。问界汽车表示，2026年2月21日，一辆问界 M9在广东省惠州市附近起火，事件未造成人员伤亡。经初步调查，车辆三电系统状态正常，且未见车 辆其它自身异常，判断事件非车辆自身原因导致。 中国市场50万元以上豪华车型的年度销量冠军，并已连续21个月稳居该细分市场销量榜首。 销量背后是问界M9搭载华为领先的智能科技，同时通过全面的产品配置，获得了极高的用户推荐度 （NPS）。根据杰兰路咨询的报告，问界M9的净推荐值（NPS）在2024年全年、2025年上半年及下半 年多次位列车型总榜第一，成为新能源SUV中首个且唯一连续四次获得此项第一的车型。 问界汽车表示，将密切配合有关部门完成后续调查并积极协助用户处理后续事宜。 值得一提的是，问界M9搭载了华为乾崑智驾ADS 4系统，基于全新WEWA架构，实现了更贴近人类驾 驶习惯的智能驾驶体验。而就在去年12月，鸿蒙智行联合深圳市交通局等相关部门，在深圳开启L3级 有条件自动驾驶内测。据知情人士透露，本次试点由深圳市交通局、发改委等部门联合推动，由华为员 工携自购2025款问界M9与尊界S800参与。 针对新能源汽车的 ...

This Auto Seller Stocks Soared 90-Fold Since 2022 | Investor's Business DailyBREAKING: [Futures Edge Higher; Trump Gives State Of The Union]---In its most recent quarterly report, highly ranked car seller Carvana (CVNA) reported a 654% surge in earnings to $4.22 per share. It was the fourth quarter in a row of surging profits. Sales grew 58% to $5.6 billion in its most recent quarter. The prior three periods EPS rose 557%, 814% and 61%. Analyst consensus is for continued strong…## Related news## Stock Marke ...

Core Insights - Nio achieved a record of 1 million battery swaps in less than a week during the Lunar New Year, which has positively impacted investor confidence and highlighted the company's service revenue model [4][5]. Company Performance - Nio's stock price increased by 4.63% to $5.30, with a market capitalization of $11 billion. The stock has fluctuated between $3.02 and $8.02 over the past 52 weeks [2]. - The trading volume for Nio reached 52 million shares, which is nearly 15% above the three-month average of 45.2 million shares [2]. - The company reported a gross margin of 11.25% [2]. Market Context - The broader market saw declines, with the S&P 500 falling by 1.01% and the Nasdaq Composite down by 1.13%, indicating pressure on high-growth electric vehicle stocks [3]. - Competitors such as Tesla and Rivian also experienced stock declines, reflecting ongoing challenges in the electric vehicle sector [3]. Future Outlook - Nio is optimistic about achieving its first-ever adjusted operational profit in the fourth quarter, which could further enhance investor sentiment [5].

Tesla is suing California's Department of Motor Vehicles to reverse a ruling that found the automaker violated the law by falsely promoting its cars' self-driving capabilities.The suit comes two months after the state's Office of Administrative Hearings determined that Tesla engaged in false advertising, and said the DMV could temporarily suspend the company's licenses to manufacture or sell cars in the state. The DMV instead asked Tesla to clean up its marketing language. By Feb. 17, the agency said Tesla ...

BEIJING, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its annual general meeting held on February 21, 2026 (the “Annual General Meeting”) were duly passed. The full text of each resolution was included in the notice of the Annual General Meeting, which was filed with the Securities and Exchange Commission (the “SEC”) on Form 6-K on February 5, 2026. The full text of the Form 6-K containing t ...

BUFFALO, N.Y.--(BUSINESS WIRE)--ACV (NYSE: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its fourth quarter and full- year ended December 31, 2025. "We are very pleased with our fourth quarter results, with revenue at the high-end of guidance and Adjusted EBITDA above the high-end of guidance, along with continued margin expansion. ACV's leading market position resulted in additional share gains and strong. ...

Broad Arrow set to offer incredibly original, matching-numbers, fully evolved 1972 Lamborghini Miura P400 SV at company’s fourth annual Amelia Concours Auction | Set for March 6-7 at the Ritz-Carlton, Amelia Island, the two-day sale is the official auction of the renowned Amelia Concours | Supercars then and now: Remarkable example of the original supercar is offered alongside desirable modern supercars and hypercars including a 2008 Bugatti Veyron EB 16.4 Coupe, a 1988 Porsche 959 SC Reimagined by Canepa, ...

Core Insights - Uber has launched a new division called Uber Autonomous Solutions to manage all aspects of operating autonomous vehicles, including software and support services [1] - The company has formed partnerships with nearly two dozen autonomous vehicle technology firms, covering various applications from robotaxis to delivery robots [2] - Uber aims to make itself indispensable to these partners by providing operational support, allowing them to focus on software development [3] Partnerships and Investments - Uber has invested in companies like Lucid, Nuro, Waabi, and WeRide, and has allocated $100 million for building fast-charging stations for autonomous vehicles [2] - The company has established a shared robotaxi service with Waymo in Atlanta and Austin, and has partnerships with Chinese firms such as Baidu and Pony.ai [9] Operational Goals - The initiative aims to reduce costs per mile for partners and accelerate the deployment of robotaxis to over 15 cities by the end of the year [4] - Uber plans to handle infrastructure needs such as training data, mapping, fleet financing, and regulatory services [7] User Experience and Fleet Management - The new division will also focus on enhancing user experience, including customer support and fleet management, which involves remote assistance and insurance [8] - Uber's approach to fleet management is particularly relevant given recent scrutiny over labor practices in the autonomous vehicle sector [8] Strategic Context - The launch of this division follows Uber's sale of its in-house AV development unit, Uber ATG, in 2020, which was a response to internal challenges and external pressures [9] - The new division is seen as a way for Uber to protect its business model against potential revenue loss from the rise of autonomous vehicles [10]

U.S. equity markets faced significant selling pressure during afternoon trading on Monday, February 23rd, 2026, as a combination of geopolitical trade uncertainty and renewed anxieties over the long-term impact of artificial intelligence (AI) weighed heavily on investor sentiment. The session was dominated by a sharp pivot toward risk-off behavior following a weekend of escalating trade rhetoric from the White House, effectively erasing the optimism seen late last week.Major Indexes Retreat in Afternoon Tra ...