Browsing: green technology

BYD’s Stock Takes a Hit: 8% Drop Following Price Cuts in the EV Market

China’s BYD experienced a sharp 8% drop in its shares following the announcement of substantial price cuts designed to invigorate sales. This bold strategy, intended to sharpen its competitive edge in an increasingly crowded market, has sparked worries among investors regarding profit margins and the company’s long-term growth potential.

Honda Hits the Brakes on Canadian EV Factory Amid Tariff Tensions

Honda has put the brakes on its ambitious plans for a new electric vehicle factory in Canada, as rising trade tensions and tariff disputes cast a shadow over the automotive landscape. This decision highlights the increasing uncertainty surrounding the EV market and raises questions about future investments in this rapidly evolving sector.