Geely is a Chinese multinational automotive group based in Hangzhou. It owns Volvo Cars, Lotus, and a stake in Daimler, and pursues global expansion in electrified vehicles through partnerships and in-house platforms.
Slate Auto has unveiled a bare‑bones two‑seat electric pickup with a $24,950 base price and a two‑row SUV conversion starting at $29,950. The company has raised the base EPA range estimate to about 205 miles, is taking preorders with a $300 deposit, and plans production to begin in late 2026 with direct online sales.
Automakers have announced strategic shifts as Chinese brands and US trade rules upend the sector. Volkswagen has proposed deep job cuts to cut costs, Jaguar Land Rover is adding hybrids and prioritising the US, and the Commerce Department has denied Polestar permission to sell new connected models in the US from 2027, pushing the brand to refocus on Europe.
China has placed 10 US companies, including rare‑earth producers MP Materials and USA Rare Earth and several drone makers, on its export control list, barring Chinese companies from selling dual‑use items to them. Beijing has also excluded 46 US firms from government procurement, and has framed the moves as retaliation for a recent Pentagon blacklist of Chinese companies.
EU trade chiefs push to rebalance trade with China as talks with Beijing seek tangible results by autumn. Europe faces a €360 billion deficit as climate, industry and tech sectors depend on China, even as leaders vow to defend strategic industries.
Automakers have pulled several electric models from the U.S. market even as quarterly EV sales have risen. Q2 2026 U.S. consumer EV purchases have reached 247,226 vehicles, a sequential rise driven by higher fuel prices, new low-cost entrants and state rebates. Manufacturers and startups are responding with cheaper models, but many legacy brands have cancelled or delayed U.S. EV projects.
China has topped 1 million monthly car exports for the first time, with overall trade up 27%. While brands like BYD gain share overseas, EU imports face pressure from Chinese EVs. Germany’s VW group signals big structural shifts at home as it faces competition and potential plant adjustments.
The US is weighing a response to Chinese open-weight AI models amid concerns of distillation and IP theft as Moonshot AI’s Kimi K3 shows strong benchmarks. Officials have signaled possible actions while Silicon Valley presses for open access to models to sustain competition.
Mercedes-Benz is navigating U.S. pressures over Chinese investors as a bipartisan bill would tighten restrictions on Chinese-owned automakers. The company has pledged to shield its U.S. operations while expanding local production, and lawmakers warn Mercedes-Benz could be affected by new ownership limits.
Ford and Geely have unveiled a two-thirds/one-third joint venture to build five vehicles at Ford’s Valencia plant in Spain, starting 2028. The deal seeks to reassert Ford’s presence in Europe amid rising Chinese competition, cost pressures, and tightening regulations. Production of the Kuga PHEV will continue; two Geely electric SUVs will be built; a new multi-energy crossover is planned for 2028. The move signals broader global partnerships as U.S. policy tightens access for Chinese firms.
U.S. officials have accused Chinese startups, most prominently Moonshot, of using distillation to replicate capabilities from Anthropic's Fable and have warned of sanctions and trade restrictions. China has pushed back, industry groups have urged against broad bans, and major U.S. tech firms have publicly defended open-weight models while policymakers debate targeted measures.
The United States has launched durable 10%–12.5% tariffs on imports from 60 economies, arguing they fail to enforce bans on goods produced with forced labor. The move takes effect as temporary levies expire, with exemptions for certain products and countries meeting compliance. Analysts warn prices could rise for consumers amid ongoing debates over trade policy.
A wave of Chinese automakers is expanding into Europe and the UK, challenging traditional premium brands. Zeekr, BYD and others are pursuing UK launches while major players like Geely, Volvo and Lucid push into premium segments. European and US automakers are restructuring to cope with China’s rising export power and shifting supply chains.
Ford has announced the Fathom, a sub-$30,000 electric pickup built on a new Universal EV Platform. Prototypes will start in early 2027 with deliveries later that year, as Ford pushes a cost-focused, vertically integrated approach to catch up with Chinese competitors and Tesla.
Ferrari’s first fully electric Luce has sold at Sotheby’s Monterey for $40 million, a record for a new car at auction. Proceeds go to the Ferrari Foundation’s educational programs. The sale follows mixed reception to the EV’s design and Ferrari’s push into electrification.