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Teething trouble, demand slowdown, competition and profitability issues all continue to weigh down on the EV industry.
https://www.wsj.com/economy/trade/biden-to-quadruple-tariffs-on-chinese-evs-203127bf
Biden to announce changes to US tariff policy on Chinese goods next week, targeting strategic sectors like EVs and solar cells.
The premium EV manufacturer confirmed on Thursday that its subsidiary brand "ONVO" will make its global debut on May 15.
https://cnevpost.com/2024/05/06/li-l6-orders-exceed-41000/
Tesla continues to right-size and channelize efforts into more profitable avenues of its businesses amid its turnaround effort.
Li Auto sees slight YoY growth with 25,787 vehicle deliveries in April 2024, but marks an 11% dip from March. During the May Da...