World’s largest battery maker shifts away from EVs to energy storage
On the Dash:
CATL wants energy storage to account for half of its global sales by 2030, up from 25% today.
Automakers and dealers could face tighter EV battery supply...
TSLA404.660-6.49%
GM82.510-1.555%
F14.430-0.34%
RIVN15.930-0.75%
CYD50.460-1.37%
HMC26.850-0.12%
TM178.190-2.03%
CVNA70.0101.11%
PAG180.7600.695%
LAD307.500-1.02%
AN195.8602.47%
GPI325.600-0.14%
ABG199.8200.27%
SAH83.650-0.06%
TSLA404.660-6.49%
GM82.510-1.555%
F14.430-0.34%
RIVN15.930-0.75%
CYD50.460-1.37%
HMC26.850-0.12%
TM178.190-2.03%
CVNA70.0101.11%
PAG180.7600.695%
LAD307.500-1.02%
AN195.8602.47%
GPI325.600-0.14%
ABG199.8200.27%
SAH83.650-0.06%
TSLA404.660-6.49%
GM82.510-1.555%
F14.430-0.34%
RIVN15.930-0.75%
CYD50.460-1.37%
HMC26.850-0.12%
TM178.190-2.03%
CVNA70.0101.11%
PAG180.7600.695%
LAD307.500-1.02%
AN195.8602.47%
GPI325.600-0.14%
ABG199.8200.27%
SAH83.650-0.06%
Headlines
FTC-warned dealers had twice the bait-and-switch complaints
On the Dash:
Financing, advertising, and bait-and-switch complaints appeared twice as often at FTC-warned stores, according to a report by Widewail.
72% of FTC-warned dealers had at least one financing...
Hyundai expands dealer reach with mobile service vans
On the Dash:
Hyundai is targeting 150 dealer-operated mobile service units nationwide by the end of 2026.
Factory-trained technicians perform approved repairs and maintenance at customers' homes or workplaces.
Mobile...
Ford U.S. sales fall 14% in May as EV, hybrid, truck demand softens
On the Dash:
Ford's EV sales slowdown continues, with Mustang Mach-E and F-150 Lightning posting steep year-over-year declines.
Hybrid sales also fell, signaling broader softness beyond battery-electric vehicles.
Explorer, Maverick...
Automakers back emissions delay as dealers navigate EV uncertainty
On the Dash:
Automakers support delaying stricter emissions standards until 2029, citing market conditions and slower-than-expected EV adoption.
Regulatory changes could give manufacturers greater flexibility to prioritize gas-powered and hybrid...
Auto industry warns AI chip demand could disrupt manufacturing
On the Dash:
AI-driven demand for memory chips could increase vehicle production costs and create new supply chain disruptions.
Industry groups warn that rising chip prices may eventually translate into...
AutoTrader, Kelley Blue Book pause Good/Great price badging amid FTC scrutiny
On the Dash:
Cox Automotive paused Good and Great price badges on Autotrader and Kelley Blue Book.
The FTC warned 97 dealer groups in March that advertised prices must include...
EVs cost 42% more to insure than gas cars, newer models closing the gap
On the Dash:
EVs cost 42% more to insure than gas-powered cars, but the gap is narrowing.
At today's gas prices, EV owners still save $567 to $1,007 per year...
Novelis to restart Oswego hot mill, easing Ford F-150 supply crunch
On the Dash:
Novelis expects to restart its Oswego hot mill within weeks, ahead of a late June target.
The shutdown cost Novelis an estimated $925 million in pre-tax losses...
GM truck production faces growing pressure from supplier strike
On the Dash:
GM's pickup production could be disrupted if the strike extends beyond the company's estimated two-week supply of axles.
The dispute highlights growing wage pressures across the automotive...
