Deliveries for July
Shares in Li Auto and Xpeng rose 8.9% and 6.4%, respectively, ahead of the companies' delivery reports. Chinese start-up Li Auto reported another record delivery of its Li ONE&nbs...
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...
Electric car production
By 2022, Mercedes-Benz expects to have battery electric vehicles (BEVs) in all the segments it serves. Starting in 2025, all new models will be electric only, for which the company will create three new platforms in 2025, des...
Entering new markets
Investors in General Motors are now assessing the pace of the company's transition to electric vehicles and the chances of competition. But GM shares can get a boost not only from successes in the electric car market, but also i...
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 ...
Hong Kong dual listing
Shares in Xpeng Motors rose 4 per cent on Wednesday amid reports that the Hong Kong regulator has approved the carmaker's listing on the Hong Kong Stock Exchange. Going public on the Asian exchange will allow Xpeng t...
Second quarter 2021
Ford said on Thursday that its expectations for the second quarter of 2021 have increased compared with April. Ford sees growing demand for its electric vehicles and also points to lower costs a...
New manufacturing plants
General Motors will increase its spending on electric cars, following a similar move by rival Ford, and also plans to open two new battery plants, Reuters reports. GM is counting on the US government to help f...
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...
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...
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.
...
NIO and Xpeng shares
Shares in Chinese electric car makers NIO and Xpeng rose after the companies released higher figures for shipments of their cars in May compared to April, despite a global chip shortage.
Shares in ...
Li Auto's earnings
Li Auto reported first-quarter 2021 revenues above Wall Street expectations. Li Auto's electric vehicle sales were up 334% year-on-year but down 15% quarter-on-quarter. Li Auto gave a strong outlook for the second q...
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...
$750,000 fine
Tesla will pay a fine of $750,000 and is undertaking a small-scale distributed energy project based on its own solar roofs, to resolve air quality violations at its plant in Fremont, California.
It is worth noting that a spokesperson ...
Market expansion in Europe
Nio plans to start shipping its electric cars to Europe in May; its competitor XPeng has already delivered its first 300 electric cars to Norway. Analysts predict that Europe will become ...
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...
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