Approaching SPAC
Polestar is moving closer to a public listing deal through a merger with a specialist acquisition company that would value the Swedish electric carmaker at $21 billion, according to sourc...
Tesla electric cars for bitcoins
U.S. electric carmaker Tesla will once again begin accepting bitcoins as payment for its products when the receipt of this type of cryptocurrency becomes more environmentally friendly. This was announced by Tesla CEO...
Model S Plaid presentation
Tesla went live on Thursday, demonstrating the long-awaited version of its ten-year-old Model S sedan, the Plaid. Elon Musk said the Model S Plaid is "faster than a Porsche and safer than a Volvo".
Tesla (TSLA) CEO Elon M...
Contrary to negative forecasts
Tesla sold 29.5% more electric cars made in China in May than in April, with sales to Chinese customers jumping 88%, according to the China Passenger Car Association.
...
Compensation from Tesla
Tesla has been ordered by a court in Norway to pay compensation to 30 owners of old Model S and Model X. Each of the company's customers will receive $16,000.
The reasons for the lawsuit are slo...
Buying shares
Shares in XPeng and Li Auto, as well as cannabis producer Tilray and videoconferencing app Zoom, were bought by the Swiss National Bank in the first quarter of 2021.
Switzerland's central bank h...
XPeng shares
Chinese electric car maker XPeng reported higher quarterly earnings than analysts had expected. XPeng's first-quarter shipments rose despite a shortage of semiconductors, with the company forecasting growth in the&nb...
Tesla and cryptocurrency
Tesla CEO Elon Musk has announced that the company will no longer accept bitcoin to pay for the purchase of its electric vehicles because mining the cryptocurrency requires huge amounts of electricity generated from fossil f...
Chinese electric car sales in April
Chinese electric car makers Nio, Xpeng and Li Auto reported strong sales in April, but the growth rate was significantly lower than in March. Nio management points to a chip shortage that will hold back sales grow...
Economic recovery
Record high retail sales in March and sharply lower jobless claims in the USA show strong positive momentum from mass vaccination in the country, reduced quarantine restrictions and government incentives with direct ...
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...
Lithium prices
The world's largest lithium suppliers, China's Ganfeng Lithium and US-based Albemarle, warn that lithium prices will continue to rise as the market becomes increasingly imbalanced between supply and demand.
The world's major lithium ...
Reducing the price of batteries
In its drive towards full electric vehicle production by 2035, General Motors plans to reduce the cost of its most expensive component, the battery. GM is enlisting the support of partners and...
Supply growth after decline
Chinese electric vehicle manufacturers NIO and XPeng reported a rise in deliveries in March after a decline in February, as well as new delivery records for the first...
Popconductor shortages
The chip shortage problem has affected technology manufacturers around the world while shares of carmakers have fallen due to forced plant shutdowns, shares of semiconductor and semiconductor equipment manufacturers are rising...
Plant shutdown
China's Nio said on Friday it would suspend production of electric cars at its plant for five days starting Monday due to a shortage of semiconductors. Nio's forecast for del...
Entering the market
Transport company Gett, which wants to become one of the world's leading providers of "mobility solutions", is currently exploring a merger with a company with no particular purpose other than to help other companies with an IPO ...
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 ...
Ford deliveries down
Ford shares fell 3% after the carmaker reported an overall decline in deliveries in February, but executives noted a strong 11.8% rise in combined Mustang Mach-E and Bronco Sport sales.
Ford Motor Company (F) on ...
Losses and production cuts
Nio shares fell after the Chinese electric car maker reported larger-than-expected Q4 losses and warned it will be forced to cut production in the second quarter.
Nio (NIO) shares f...
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