Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
European car sales remained flat in October, halting a two-month decline, while electric and hybrid vehicles continued to expand their market share, according to industry data released Thursday.
A 7.2% increase in Spain and a 6% rise in Germany offset declines in France, Italy, and Britain, the European Automobile Manufacturers Association (ACEA) reported.
Key Highlights
- New vehicle registrations in the EU, Britain, and EFTA rose by 0.1% year-on-year to 1.04 million.
- Sales of fully electric cars (BEVs) increased by 6.9%, marking their second consecutive monthly rise.
- Hybrid car sales (HEVs) grew significantly, climbing 15.8%.
- Electrified vehicles — BEVs, HEVs, and plug-in hybrids (PHEVs) — made up 55.4% of passenger car registrations in October, up from 51.3% in the previous year.
Brand Performance
- Registrations rose 12.6% at Volkswagen, while Stellantis fell 16.7% and Renault dropped 0.4%.
- Tesla sales plunged 23.1%, and China's SAIC Motor saw a 10% decrease.
Market Context
European automakers face challenges from weak demand, high production costs, and rising competition from Chinese manufacturers, alongside the shift to electric vehicles (EVs).
Insights and Trends
“As the year-end approaches, car manufacturers are offering discounts and deals to clear unsold stock, stabilizing registration figures but not signaling a market recovery,” said Felipe Munoz, Global Analyst at JATO Dynamics.
Policy Impact
To counter rising competition, the EU approved increased tariffs of up to 45.3% on Chinese-built EVs at the end of October.
Despite the flat market overall, the transition to electrified vehicles signals a major shift in consumer preferences as Europe advances toward its green mobility goals.
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