Tag: Electric Vehicle

Chinese electric vehicle maker BYD, opens new tab reported a smaller-than-expected 28% ‌increase in third-quarter profit on Thursday as intensifying competition at home spread to overseas markets.

Tesla reported better-than-expected third-quarter results after the bell on Wednesday, even as automotive revenue dropped. The stock slid more than 3% in extended trading.

SpaceX shares climbed about 8% in extended trading on Tuesday after the company reported 161% revenue growth for the third quarter, beating Wall Street estimates.

Tesla unveiled the latest version of its long-awaited Roadster on Thursday evening. The event promised to be mind-blowing, and it was—the car flies.

Lucid Group reported a 6.7% decrease in year-over-year vehicle deliveries during the third quarter, after the embattled all-electric vehicle maker cut production to better align with slower customer demand.

Chinese electric vehicle maker BYD’s global sales rose for ​a fifth straight month in ‌September, buoyed by strong exports that have increasingly become a key pillar ​offsetting persistently weak demand ​at home.

Tesla has entered into credit agreements totaling $30 billion, including a $20 ​billion delayed draw-term loan facility, according to ‌a regulatory filing on Tuesday.

Elon Musk’s EV Maker Is Investment Grade. Tesla investors recently got some good news from Fitch.

As Chinese automakers search Europe for production ​sites ahead of expected EU local content rules, BYD’s European adviser says he’s always running into ‌rivals’ executives in airport lounges on the same quest.

 Volvo Cars said on Thursday it will launch 13 new models between now and 2030 to double its market share as the Sweden-based automaker grapples with the fallout of U.S. tariffs and slumping sales in China. The company’s shares rose almost 2% following the announcement.

Tesla stock dropped early on Monday after CEO Elon Musk joined those concerned about humanity’s ability to control AI.

Chinese electric vehicle maker BYD, expects overseas shipments to exceed 2.5 million vehicles in 2027, two major ​brokerages said on Tuesday, citing a group meeting ‌with company management.

Chinese electric vehicle manufacturer Li Auto will put 2.65 billion yuan ($394.89 million) into Sunwoda Power Technology, a subsidiary of battery producer Sunwoda Electronic, according to a stock exchange filing released today.

Chinese electric-vehicle maker NIO  reported a narrower quarterly loss, thanks to robust deliveries and its premium positioning, and signaled that momentum was building despite a tepid start to the third quarter.

Shares of Chinese electric-vehicle giant BYD fell nearly 5% in Hong Kong on Monday, following the release of its interim results on Friday.

BYD’s profits rose for the first time in five quarters with its recovery driven by booming sales in international markets despite a sharp slowdown in China.

Tesla on ​Tuesday raised prices for two variants of its ‌Cybertruck pickup trucks by $5,000 in the United States.

Tesla Inc. and at least eight other carmakers are recalling millions of vehicles in China over safety concerns with their door handles, a major step to address a problem of vehicle entrapment that has had deadly consequences.

Tesla’s profits dropped unexpectedly in the second quarter as Elon Musk’s carmaker offered discounts to boost electric vehicle sales and income from its sale of regulatory credits to rivals dried up.

The United States on Monday added Chinese e-commerce giant Alibaba internet search provider Baidu, and automakers ​BYD and NIO to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries.