Tag: Electric Vehicle

Tesla to install charging stations at 2,000 Hiltons in North America

Tesla plans to install 20,000 electric vehicle charging stations across 2,000 Hilton properties in the U.S., Mexico and Canada beginning next year, the companies said Thursday.

Vinfast rallies on after becoming world’s third-most valuable automaker

Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.

Chinese EV startup Xpeng shares soar 13% after announcing $744 million deal with Didi

Chinese electric car company Xpeng said Monday it is buying Didi’s smart electric car development business in an exchange of shares worth $744 million.

Chinese EV maker Xpeng expects cost cuts, Volkswagen deal to narrow losses

Chinese EV maker Xpeng expects cost cuts and its Volkswagen partnership to boost the firm’s bottom line, its co-president told CNBC on Monday.

Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss

Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker’s shares down more than 7% in premarket U.S. trade.

Tesla cuts Model S and X prices by over 6% in China

Tesla has cut prices for its existing inventories of its premium Model S and Model X cars in China by as much as 6.9%, it said on Wednesday.

Tesla launches lower range Model X and Model S that are $10,000 cheaper

Tesla rolled out cheaper versions of its Model S and Model X vehicles in the U.S. as competition in the electric vehicle space continues to ramp up.

Tesla Is Cutting Prices Again. Why It’s Driving Up Concern.

Tesla  is discounting in China and cutting prices—again. New reductions have shares down in early trading Monday and will lead to more questions about price wars and demand for electric vehicles in the world’s largest market for new cars.

Rivian Raises Production Forecast as Results Surprise Wall Street

The EV start-up Rivian Automotive delivered second-quarter results that beat Wall Street estimates and raised its forecast for production for the full year. Shares were falling in after-hours trading anyway.

Lucid misses revenue expectations after EV deliveries disappoint

Luxury electric vehicle maker Lucid Group reported that its second-quarter revenue fell short of Wall Street’s expectations after it delivered fewer of its Air luxury sedans than expected during the period.

Lucid Cuts Prices on EV Models. It’s Following in Tesla’s Footsteps.

Lucid Group has lowered the prices of its Air luxury sedans. The electric-vehicle maker’s move could sharpen its challenge to industry leader Tesla in the high-end EV segment.

Huge Delivery Numbers From, NIO, Li, and XPeng Are Good for Tesla Stock

Early results for Chinese electric-vehicle deliveries have been released. They were excellent. That’s a positive for Tesla , BYD , and other auto makers selling battery-powered vehicles in the world’s largest new car market.

Nissan seals Renault deal, now faces hard yards in China

TOKYO/PARIS, July 26 (Reuters) – Nissan will invest up to $663 million in Renault’s (RENA.PA) new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their restructured partnership after months of negotiation clouded by tension.


Tesla shares dip after hours as earnings call disappoints

Tesla posted an all-time high quarterly revenue, but operating margin dropped to 9.6%

Ford cuts prices on its electric F-150 Lightning pickups by as much as $10,000

Ford Motor on Monday cut prices for its electric F-150 Lightning pickup, saying that its efforts to boost production and lower costs for battery minerals have paid off.

Tesla builds first Cybertruck after two years of delays

Tesla founder Elon Musk introduced the pickup truck in a 2019 reveal where the vehicle’s designer cracked the vehicle’s supposedly unbreakable “armor glass” windows.

China’s car sales shrink 2.9% in June as big-ticket spending falters

BEIJING/SHANGHAI, July 10 (Reuters) – China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery led to more consumer caution on big-ticket spending.

EV sales: Hyundai overtakes GM, but Tesla’s U.S. dominance continues

Legacy automakers continue to promise big increases in production and sales of electric vehicles, but their efforts so far have done little to change the highly watched market.

Rivian shares surge as second-quarter EV deliveries top estimates

Shares of Rivian Automotive jumped 17.4% on Monday after the electric vehicle maker beat Wall Street expectations for quarterly deliveries.

Tesla’s blistering rally continues after quarterly deliveries beat

Tesla shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working.