China Extends EV Trade-In Subsidies Through 2026 to Boost Auto Sales
China confirms NEV trade-in subsidies for 2026, offering up to $2,850 per vehicle.
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Tesla Cybertruck Battery Supplier Slashes Contract by 99%
South Korean battery supplier L&F cuts Tesla Cybertruck contract from $2.67B to just $7K due to production delays and weak demand for the electric pickup truck.
Lululemon Founder Launches Board Battle Amid Company Struggles
Chip Wilson nominates three new directors as Lululemon faces CEO transition and stock decline. The founder aims to overhaul the board amid mounting pressure for change.
Xpeng Expands Electric Vehicle Presence Across Middle East and Africa
Chinese EV maker Xpeng launches in Qatar, partners with Mauritian distributor, and opens new facilities in UAE and Egypt as part of aggressive Middle East-Africa expansion.
Coupang Says Former Employee Accessed 34M Accounts but Leaked None
Coupang investigates former employee for data breach affecting 34M accounts. Company claims no third-party leaks, but government questions independent probe timing and verification.
Loop Capital Turns Bullish on Malibu Boats and MarineMax Ahead of 2026
Loop Capital starts coverage on Malibu Boats and MarineMax with Buy ratings, citing improving marine industry conditions and optimism for 2026.