Overview

• Xiaomi launches the SU7 electric sedan, challenging Tesla's dominance with a starting price lower than the Model 3.
• The Baltimore bridge collapse disrupts supply chains, affecting automakers and causing significant delays in sea traffic.
• BYD surpasses Tesla in quarterly electric vehicle sales, signaling a shift in the global EV market.
• Automakers, including Nissan and Ford, are advancing their EV strategies amidst industry challenges.
• General Motors outlines key targets to maintain shareholder confidence and stock value.