Tesla held its annual shareholder meeting in Texas, USA, on May 16. CEO Elon Musk said the company is designing two new vehicle models. He also warned that Tesla will likely see challenges brought by the global economic environment in the coming months.
China-based BYD took a step forward to build an automobile industrial park in Guangdong. The Shenzhen government announced on May 15 that the EV maker obtained an over-520,000-square-meter plot with CNY376 million (US$5.4 million), the fifth it has gotten in recent years.
French President Emmanuel Macron announced last week that the country will revise its EV subsidy program, aiming to facilitate battery and vehicle production in Europe. According to media reports, the adjustment could significantly impact cars made in China and the US.
Automakers are witnessing a high growth potential in India s EV market. Local EV giant Tata Motors may face rising competition from global automakers looking to expand in India s EV market.
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