Xpeng shares were up by roughly 2% on October 11 in pre-market trading after the stock fell by more than 10% on October 10.

The Green Party, which is a part of the Stockholm City Council’s ruling coalition, said the initiative will lead to an increase in the adoption of electric vehicles.

The walkout came after Unifor said that GM was “stubbornly refusing” to match the three-year deal the labor union had previously reached with Ford Motor.

The organization ordered ten additional Ford E-Transit vans that will be deployed in Győr, Pécs, Zalaegerszeg and Szeged next year.

The EU launched an anti-subsidies probe into Chinese EV manufacturers, setting in motion a 12-month investigation that could see provisional duties and tariffs imposed over the next nine months.

Tesla will update investors on the toll that price cuts have taken on earnings when it reports its third-quarter results on October 18.

The WTO said October 5 that merchandise trade volumes would grow by just 0.8% in 2023, less than half of the 1.7% estimate that came in April.

Ford saw its sales of electric vehicles, hybrids and trucks each increase by double-digit percentages during the third quarter of 2023.

The probe will focus on new battery-powered electric vehicles (BEVs) and alleged subsidies granted by the Chinese state, a legal notice in the EU’s official journal confirmed October 4.

Volkswagen will be dialing back production of its ID.3 and Cupra’s Born EVs at the company’s Zwickau factory until October 16.