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Electric Vehicle Industry

All articles tagged with #electric vehicle industry

electric-vehicle-industry2 years ago

EV Stocks Experience Volatility and Gains in Recent Trading

Electric vehicle stocks closed the week on an upbeat note, with Tesla hitting an eight-and-a-half month high. Tesla revealed more information on its upcoming Cybertruck and achieved a major battery production milestone. Rivian will be removed from the Nasdaq 100 Index, and the company announced the launch of its lifestyle-focused retail locations. Nio announced price cuts and began deliveries of its ET5 Touring in China. General Motors and Samsung SDI will build a new EV battery plant in Indiana, while Ford opened its Cologne EV Center in Germany. Nikola announced job cuts and expects to launch its hydrogen fuel-cell energy truck by Q4.

via Benzinga|
#electric-vehicle-industry#ford#general-motors
electric-vehicle-industry2 years ago

Tesla's China Visit Boosts Stock, Musk Praises Quality of Made in China Teslas

Tesla's stock rose over 10% as CEO Elon Musk visited China and praised the quality of the made-in-China cars. Lucid Group announced a common stock offering of 173.55 million shares, causing its stock to drop over 16%. Ford announced a partnership with Uber to lease its Mustang Mach-E EVs to Uber drivers in San Diego, Los Angeles, and San Francisco. Rivian Automotive's stock is at risk of losing its spot in the Nasdaq 100 Index. Chinese EV companies Nio, XPeng, and Li Auto reported their delivery numbers for May, with Li Auto standing out with both year-over-year and month-over-month increases.

via Benzinga|
#china#electric-vehicle-industry#ford
electric-vehicle-industry2 years ago

Tesla's Rollercoaster Week: Overcapacity, Price Cuts, and Stock Analysis

Tesla reported mixed Q1 results with concerns over profit gross margin, but CEO Elon Musk said the company could sell its cars at no profit in the short term and make up for it in the long term with its full self-driving software. Rivian's R1T and R1S vehicles will receive a $3,750 tax credit after submitting revised documentation, while Volkswagen's ID.4 EVs will be eligible for a $7,500 federal tax credit. Lordstown Motors resumed production and deliveries of its Endurance pickup truck and is evaluating a reverse stock split to meet the minimum bid price requirement. Toyota outlined a three-step strategy to boost productivity and profitability through 2030 via its lineup of EVs, while Fisker's Ocean SUV won the Red Dot Design Award for Best Electric Vehicle.

via Benzinga|
#electric-vehicle-industry#fisker#lordstown