James Bryant

GAC Group has entered into a partnership with Huawei to jointly create a new premium smart new energy vehicle (NEV) brand, deepening the collaboration between the Guangzhou-based carmaker and the tech giant. The agreement, signed on November 30, 2024, aims to combine GAC's 27 years of automotive expertise with Huawei's leadership in information and communication technology, particularly in intelligent systems.

General Motors announced on Tuesday that it will halt robotaxi development at its majority-owned subsidiary, Cruise, signaling a shift in focus away from autonomous vehicles. This move marks a significant change in direction for the Detroit-based automaker, which had previously made Cruise a central part of its advanced technology strategy.

The global electric vehicle (EV) market continues its upward trajectory, achieving a new milestone in November 2024 with 1.8 million units sold—marking the third consecutive month of record-breaking sales. This brings the year-to-date total to an impressive 15.2 million units, a 25% increase compared to the same period in 2023, according to market research firm Rho Motion.

Cyclic Materials, a recycling company backed by BMW and other major partners, has secured a multi-year agreement with raw materials giant Glencore to supply recycled copper recovered from electric motors. This collaboration aims to enhance the sustainability of the supply chain and support the energy transition by utilizing high-quality copper sourced from recycled electronic waste.

Microsoft will record an $800 million impairment charge following General Motors' decision to discontinue its Cruise robotaxi program, according to a recent regulatory filing. The charge, which stems from Microsoft's 2021 investment in Cruise, will appear under “other income and expense” and is projected to negatively affect second-quarter diluted earnings per share by approximately $0.09.

The U.S. Commerce Department announced on Friday that it has reached a preliminary agreement with German auto supplier Bosch for up to $225 million in subsidies to support the production of silicon carbide (SiC) power semiconductors in Roseville, California. The funding is part of Bosch's $1.9 billion investment to transform its manufacturing facility in the city, which will focus on producing SiC chips critical for electric vehicles (EVs) and other industries such as telecommunications and defense.

James Bryant – Co-founder of Venture Videos , the go-to video production agency for SaaS and technology brands. getty

Norwegian start-up Morrow Batteries has secured a loan facility of 1.5 billion crowns ($134 million) from the government agency Innovation Norway, the company announced on Tuesday. This funding will support the scale-up and development of Morrow's battery manufacturing operations in Norway.

Nio Inc's sub-brand Onvo remains on track to meet its December delivery target, despite slower weekly figures earlier in the month, according to a statement by Onvo President Alan Ai on the Onvo App.

Former Stellantis CEO Carlos Tavares has doubled down on his decision to resign from the company, stressing that his vision for the automaker clashed with that of the Stellantis board. In an interview with Portuguese news outlet