Tesla reported first-quarter results that beat market expectations despite concerns about slowing electric vehicle demand. Revenue rose to $22.39 billion from a year earlier, while expanded capital spending focused on AI and robotics is adding to financial pressure. The company also faces controversy over cash flows, putting the balance between growth strategy and profitability in focus. Separately, Sony Group and Honda decided to effectively suspend their EV joint venture, and GM halted plans for a next-generation revamp of large electric pickups and SUVs.

Hyundai Motor has stepped up its electrification push aimed at the China market, putting a locally dedicated electric vehicle, the Ioniq V, at the centre of a broader plan spanning products, investment and technology cooperation. The company unveiled the model at Auto China 2026 in Beijing and officially launched its Ioniq electric vehicle brand in China. It also set out plans to invest 8 billion yuan and roll out 20 new models over five years.