Latest News

Latest News

Elon Musk’s Tesla approved to enter UK energy market amid security concerns

Elon Musk’s Tesla approved to enter UK energy market amid security concerns

The world’s richest man, Elon Musk, could soon have sway over the UK’s private energy sector after its subsidiary, Tesla Energy Ventures, received approval to operate as an electricity supplier in the United Kingdom. The licence, granted by the UK energy regulator, clears the path for the company to enter a market that has faced turbulence in recent years and rising concern among households over an ongoing cost-of-living crisis.

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China’s NIO turns a tidy profit on EV strategy after 2025 record sales

China’s NIO turns a tidy profit on EV strategy after 2025 record sales

Chinese electric-vehicle maker NIO reported its first quarterly net profit in the final months of 2025, representing a significant milestone for the Shanghai-based company. The result places the automaker among a small but growing group of profitable EV manufacturers in China, the world’s largest EV market, alongside emerging rivals XPeng and Li Auto. 

The accolade was fuelled by surging vehicle demand and stronger margins, following a year that began with slower-than-expected sales growth. The company’s upwards trajectory was sparked by the launch of the company’s redesigned premium SUV, the NIO ES8, which quickly became a major contributor to sales. 

Introducing MOVE 2026’s Women in Mobility Awards

Introducing MOVE 2026’s Women in Mobility Awards

In honour of International Women’s Day, we are relaunching our annual Women in Mobility Award, recognising the inspiring women driving innovations in auto tech through their leadership and expertise.

After receiving hundreds of nominations for the MOVE 2025 Women in Mobility Award last year, we have brought it back this year to give more of the industry’s ever-growing female talent the chance to win the 2026 title.

Hyundai joins the physical AI race, promising humanoid robots and autonomous mobility

Hyundai joins the physical AI race, promising humanoid robots and autonomous mobility

A year ago, Hyundai Motor Company appeared to be trailing behind its rivals in the race to fuse artificial intelligence with the automobile. While competitors such as Tesla and BYD showcased advances in humanoid robotics and autonomous driving, Hyundai’s leadership openly acknowledged it had been slow off the starting line.

At the Consumer Electronics Show, earlier this year, Hyundai demonstrated that the tides were beginning to turn, exhibiting an ambitious physical AI project, Atlas—a humanoid robot developed by its US subsidiary Boston Dynamics.

Software-defined vehicles and the 15-year challenge: Can automotive software outlast the hardware?

Software-defined vehicles and the 15-year challenge: Can automotive software outlast the hardware?

Software-defined vehicles (SDVs) were introduced with the promise of extending a vehicle’s “relevance” through continuous software updates. Manufacturers promoted the idea that cars could ‘level-up’ long after leaving the factory, gaining new features and performance improvements over their lifespan. Made simple, cars would literally have the power to evolve as technology improves and connectivity becomes more advanced.  

However, as the first generation of these vehicles matures, questions are emerging about lifecycle costs, hardware limitations and long-term responsibility—are the glitzy promises made by automakers simply too good to be true? 

Tesla forced to drop “Autopilot” branding in California after “misleading” marketing ruling

Tesla forced to drop “Autopilot” branding in California after “misleading” marketing ruling

Tesla has removed the term “Autopilot” from its marketing campaign in order to comply with Californian regulators. The electric vehicle and robotics group found itself in hot water last December after the California Department of Motor Vehicles deemed its Autopilot feature misleading to potential consumers.

Tesla’s Autopilot platform includes features such as Traffic-Aware Cruise Control and Autosteer, systems designed to assist drivers with tasks like braking, steering, and accelerating, but they do not equip the car with fully autonomous capabilities, as the name may suggest.

Brussels to require 70% EU content for subsidised EVs under “Made in Europe” mandate

Brussels to require 70% EU content for subsidised EVs under “Made in Europe” mandate

In a bid to stave off Chinese competition, Brussels is introducing a “Made in Europe” mandate ensuring that at least 70% of new electric vehicle components are manufactured in the EU.

The Industrial Accelerator Act will be published by the European Commission in March; however, the following predictions are based on a draft report seen and reported on by the Financial Times this week.

Affordable EVs offer lifeline for automakers amid market slowdown

Affordable EVs offer lifeline for automakers amid market slowdown

As many global automakers roll back on their EV strategies in the face of an industry slowdown, the global market is showing a strong preference for affordable EVs over more expensive models.

After the end of the US federal subsidy and the Trump administration’s reversal of EV-friendly legislation, many automakers are suffering heavy losses as the market pivots away from pure EVs and back to hybrid and ICE vehicles.

Yet, in spite of this trend, cheaper EV models have proven to be a lifeline for automakers placing their bets on electric vehicles.

New report suggests software defined vehicle market will soar to almost $2,000 billion USD by 2034

New report suggests software defined vehicle market will soar to almost $2,000 billion USD by 2034

The global automotive industry is entering a new phase of digital transformation, with software increasingly defining how vehicles operate, evolve and relate to the consumer. 

A new study from Allied Market Research forecasts that the software defined vehicle (SDV) market will expand dramatically over the next decade, reaching an estimated $1,902.9 billion USD by 2034. 

China’s EV sales fall for the first time in 2 years

China’s EV sales fall for the first time in 2 years

Government subsidies and cheap manufacturing costs have long given Chinese automakers a competitive edge when it comes to EV production, facilitating the rapid expansion of manufacturers like BYD and Geely into overseas markets.

This seemingly unstoppable growth now appears to be showing signs of waning, following an announcement from the China Passenger Car Association reporting a fall in electric vehicle sales for the first time since February 2024.