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Electric scooter company Bird declares bankruptcy

Bird filed for Chapter 11 bankruptcy, ending a rough year for the electric scooter company. Bird announced today that it had begun a “financial restructuring process aimed at strengthening its balance sheet” but would continue to pursue “long-term, sustainable growth.” Bird, founded in 2017 by former Lyft and Uber executive …

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US-China tech war over EV batteries escalates

Current U.S. efforts to slow China’s technological advancement focus on semiconductors. Washington targets electric vehicle batteries, another rapidly growing Chinese tech sector. This month, Treasury and Energy Department proposals would reduce tax credits for electric vehicle buyers who use battery materials from China and other “hostile” countries. EVs made in …

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Honda, GM, and Cruise to launch robotaxi in Japan

Today, General Motors, Cruise, and Honda announced a joint venture to launch a robotaxi service in Japan. The companies plan to launch the service in central Tokyo in early 2026 with Cruise Origin vehicles. The service will launch with dozens of Cruise Origins. The companies plan to expand the service …

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Tesla wants stricter fuel standards to maintain EV dominance

Tesla dominates the U.S. electric vehicle market. Now it wants stricter regulations to gain an edge. Tesla is urging the Biden administration to adopt stricter fuel economy standards than regulators have proposed, which will irritate legacy automakers like General Motors, Ford, and Stellantis. These three companies face $10.5 billion in …

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Autonomous vehicle arm of Didi raises $149M from state investors

Was Didi’s 2020 autonomous vehicle subsidiary a Chinese equivalent to Uber’s? Since then, China’s tech landscape has changed, with internet firms regulated and foreign investments plummeting due to U.S.-China tensions. Despite Beijing’s data security probe into Didi’s parent company, its AV unit has survived and received new funding. Didi Autonomous …

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