Your daily news recap

This is 10/10, and here’s what happened in the mobility market today ahead of Tesla’s upcoming Robotaxi reveal event.

1. The French government 🇫🇷 will reduce electric vehicle subsidies by one-third in 2025, according to the 2025 budget proposal presented today.

2. GM 🇺🇸 launched the GM Energy PowerBank with 10.6 kWh and 17.7 kWh options, this tool will allow EV owners to store and transfer solar energy.

3. Toyota’s 🇯🇵 chairman, Akio Toyoda, said that an EV-only future could cause job losses for the 5.5 million workers in Japan’s automotive industry, especially those in engine-related roles. 

4. Chery 🇨🇳 began assembling cars in Russia 🇷🇺 at former Volkswagen and Mercedes factories.

That’s all for today (up to now), thanks for reading!