News of New York

Chinese Seagull EV: A Compact Challenger to the US Auto Industry
13 May 2024
2769
BYD's Seagull The automotive world is abuzz with the emergence of the Seagull, a tiny, low-priced electric car from Chinese automaker BYD. Priced around $12,000 in China and crafted with pr...
Bernstein: Tesla Stock to Drop 33% on High Valuation, Lack of Catalysts
27 March 2024
4068
Tesla's Quest The discourse surrounding Tesla's stock price has intensified in recent times, with mounting scrutiny directed towards its seemingly lofty valuation juxtaposed against concerns regarding its performance and growth trajectory. Comparat...
Shares in luxury electric car maker Lucid Motors start trading on NASDAQ
28 July 2021
3816
Trading on NASDAQ Shares in Lucid Motors rose 10.6 per cent on Monday in its first day of trading on the NASDAQ exchange. The company has become the fourth most valuable electric car m...
Generate Capital collects $2 billion for sustainable infrastructure investments
19 July 2021
4199
Sustainable infrastructure investments Generate Capital, a green infrastructure investment company, announced on Monday that it has raised $2 billion in new funding. The new funding brings the company's balance sheet close to $10bn after a $1bn rou...
Tesla shares receive negative outlook from Swiss bank UBS
30 June 2021
4594
Forecasts from UBS Tesla shares fell on Tuesday as UBS cut its target price its growth forecast for the next 12 months was lowered from $730 to $660. Tesla (TSLA) remains the global leader in electric vehicles, an analyst at Swiss bank UBS said on ...
Apple may engage Chinese companies CATL and BYD to help build the Apple Car
10 June 2021
3789
Negotiations to supply batteries Apple is in talks with CATL and BYD to supply batteries for its future electric cars, according to media reports. The main obstacle may be Apple's requirement that the batteries for the Apple Car be manufactured in t...
Xpeng Motors unveiled P5 sedan with new autopilot
15 April 2021
4983
New autopilot Xpeng Motors is stepping up competition in China's electric car market with its new P5 sedan, which gets an improved autopilot and LIDAR sensor system for autonomous driving on cit...
Tesla shares up 20% on strong sales in China in February
10 March 2021
3783
Tesla sales in China Tesla shares rose sharply on Tuesday after the company posted an 18% rise in sales of its electric cars in February compared with January, contrasting with a ...
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