ऑटोमोटिव
Trump announces 25% tariffs on EU cars and trucks; bloc warns of retaliation in trade deal dispute
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US President Donald Trump announced on May 1, 2026, via Truth Social, 25% tariffs on cars and trucks imported from the European Union effective next week, claiming the bloc breached last summer's trade deal. The EU insists it is complying, demands clarifications, and reserves all options for retaliation, as Germany's auto sector braces for heavy impact.
Porsche is shutting down its electric bicycle subsidiary after nearly four years of operation. The move comes as the German automaker refocuses on its core business amid shifting market conditions.
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The 2026 Beijing Auto Show drew 65,000 overseas visitors and highlighted China's surging vehicle exports. China shipped 2.226 million vehicles in the first quarter of 2026, a 56.7 percent increase from a year earlier. Industry figures say the country is now exporting an entire intelligent mobility ecosystem.
PT Mitra Pinasthika Mustika Tbk (MPMX) reported a net profit of Rp173 billion in Q1 2026, up 8% year-over-year despite a 4% decline in net revenue to Rp4.0 trillion. The company improved operational efficiency amid economic slowdown in the automotive sector. Group CFO Beatrice Kartika expressed optimism about sustained performance resilience.
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Chinese consumer tech firm Dreame has revealed the Nebula Next 01 Jet Edition, an electric vehicle concept featuring solid-state rocket boosters for acceleration from 0 to 62 mph in 0.9 seconds. The unveiling took place on Monday at the Palace of Fine Arts in San Francisco. The concept builds on an earlier model shown at CES 2026.
Tesla has launched a promotion granting one year of free Supercharging to buyers of new Model 3 Premium and Performance vehicles in North America. The offer begins at delivery and comes with certain restrictions. It aims to provide added value amid ongoing incentives for electric vehicle adoption.
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BYD has unveiled the Denza Z, an all-electric hypercar boasting more than 1,000 horsepower, at the Beijing Auto Show. The four-seater model accelerates from 0 to 60 mph in under two seconds and will launch in Europe first. It features advanced suspension and charging systems.
Stellantis to build new Opel electric SUV in Zaragoza and transfer Madrid plant to Leapmotor
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