Sep 29, 2026
President Donald Trump indicated he would be open to Chinese automakers building electric vehicle plants in the United States, provided they hire American workers, while maintaining the ban on imported Chinese vehicles. The statement comes ahead of Chinese leader Xi Jinping's scheduled visit.
China's auto market continued its decline in July, marking the 10th straight month of falling sales as domestic demand remains subdued. However, strong export growth has helped offset intense domestic competition, with new-energy vehicles now accounting for 65.1% of total sales.
SpaceX has significantly increased its procurement of Tesla's Megapack battery storage systems, spending $329 million on the devices so far in 2026, representing a major inter-company transaction between Elon Musk's aerospace and electric vehicle companies.
SpaceX has significantly increased its procurement of Tesla's Megapack battery storage systems, spending $329 million on the devices so far in 2026, representing a major inter-company transaction between Elon Musk's aerospace and electric vehicle companies.