Tag: Electric Vehicle

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.

General Motors raised its 2026 guidance after significantly beating Wall Street’s first-quarter earnings expectations following a roughly $500 million benefit from the U.S. Supreme Court decision to terminate and refund certain levies paid under President Donald Trump’s tariffs.

Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses the iconic brand.

Tesla reported first-quarter earnings on Wednesday that beat analysts’ estimates even as revenue came in weaker than expected.

Tesla (TSLA) is developing an all-new smaller, cheaper electric SUV, four people familiar with the matter told Reuters.

The sprawling Middle East crisis is expected to spur drivers to abandon traditional internal combustion engine vehicles in favor of EVs, analysts told CNBC, although early evidence suggests this will be a gradual gearshift.

Tesla’s China-made electric vehicle sales rose for a second consecutive quarter, holding up despite ​intensifying competition as the U.S. automaker broadened its ‌focus beyond EVs.

On Saturday night, Tesla (TSLA) and SpaceX CEO Musk outlined a bold vision for vertically integrating chip production into his plans to create an artificial intelligence empire.