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TikTok and its parent company, ByteDance, are contesting a US law mandating the sale of TikTok's US operations by January 19, 2025, or face a ban. The law, signed by President Biden, is rooted in national security concerns regarding Chinese ownership. The case is currently before the US Court of Appeals.
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Hyundai Motor Group and General Motors have signed a nonbinding agreement to collaborate on vehicle design, technology development, and supply chain sourcing. The partnership aims to enhance competitiveness in key markets and accelerate the development of electric and hydrogen-powered vehicles.
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Fisker has reversed its stance on repair costs for two recalls affecting its Ocean electric vehicle, now stating it will cover both parts and labor. This change comes amid ongoing challenges for the bankrupt company, which has left many owners frustrated with undrivable vehicles. The National Highway Traffic Safety Administration emphasizes that recall repairs must be free for vehicles under 15 years old.
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Toyota has postponed the production of its three-row electric SUV in Kentucky to 2026, amid a broader slowdown in EV demand. The company remains committed to expanding its EV lineup in the U.S. and globally, despite recent setbacks and market challenges.
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The Biden administration has proposed new regulations to ban Chinese and Russian software and hardware in connected vehicles, citing national security risks. The rules aim to prevent foreign adversaries from accessing sensitive data and manipulating vehicles on US roads, with implementation planned for model years 2027 and 2030.
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Tesla reported a 6% increase in vehicle deliveries for Q3 2024, reaching 463,000 units. This rebound follows a challenging first half of the year and is attributed to lower financing rates and competitive pricing. However, the company faces stiff competition and market challenges, particularly in Europe and China.
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Tesla has removed its Standard Range Rear-Wheel Drive Model 3 from its website, raising the entry price for its vehicles. This decision comes amid rising tariffs on Chinese EVs and a shift in focus towards the Long Range Model 3. Analysts view this as a strategic move in a competitive market.