Chinese autonomous driving company Pony AI Inc and Tencent Holding will collaborate to develop technology and deploy robotaxi services on WeChat and other apps.
Las Vegas, Nevada - April 24, 2025 - Mods4cars is now launching its retrofit SmartTOP convertible top control system for the 7th Gen Ford Mustang convertible. “We are delighted that we can now also offer a smart convertible top solution for the 7th Gen Ford Mustang Convertible,” says PR spokesman Sven Tornow. The SmartTOP modules are retrofitted to the vehicle to make the convertible top more convenient to operate.
The U.S. automaker’s market share in the EU, European Free Trade Association, and the UK put together subsequently fell to 2% in March from 2.9% in the corresponding month of 2024.
BofA analysts discussed the impact of tariffs on automakers, with Ford and GM at high risk of negative ratings. Ford is pushing forward with low-cost EVs and connected vehicle subscriptions, while GM is focusing on Cadillac's EV transformation and Formula One participation. Tariffs may cost OEMs $6k-$8k per car, with potential cost passes to consumers.
In recent years, the global new energy vehicle (NEV) market has witnessed remarkable growth, with China's NEV industry accelerating its expansion into international markets. This thriving momentum has turned China’s automotive sector into a powerful symbol of national innovation and competitiveness. According to data from the China Association of Automobile Manufacturers, China exported 5.859 million vehicles in 2024, marking a year-on-year increase of 19.3% and further solidifying its position as the world’s leading automobile exporter.
Elon Musk issued a warning over attacks on Tesla, Harley-Davidson faced boardroom turmoil, Tesla launched a new Cybertruck trim, U.S. EV sales rose 10.6%, and Volkswagen reported strong EV growth in Europe.
The startup wants to crack the formula for building a $25,000 two-seat EV, something established U.S. players like Tesla and Rivian have yet to achieve.
