The manufacturer is not alone in tallying the cost of adjusting to slower-than-expected EV sales.

The proposed new tariff system is part of a batch of reforms Carney announced on February 5 to try to bolster an automotive sector that's been pressured by U.S. tariffs.

Manufacturers that plan with flexibility and act on real-time insight will weather the next disruption more smoothly.

Despite the short-term headwinds, SK’s Ahn said demand for EV batteries is expected to gradually recover this year and be similar to last year’s levels.

The calculus has shifted as the Trump administration placed tariffs on European carmakers.

Envision models built at the Kansas City plant will exclusively be sold in North America, although production of the vehicle for other markets will continue in China.

The program is set to benefit manufacturers such as Volkswagen AG and Stellantis NV, which are adding more affordable electric models. 

Nvidia's Blackwell processor, considered to be the world's most advanced AI semiconductor, remains blocked from sale in China.

The resilience was the biggest surprise for an ailing Chinese economy last year and could cushion it in the months to come.

The disclosure underscores the upheaval sown by President Donald Trump’s moves to eliminate federal support for EVs and Americans’ continued embrace of gasoline-powered vehicles.