Tag: Electric Vehicle

Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings will start talks to set up a battery supply partnership for electric vehicles (EVs), the companies said on Wednesday.

The government of Abu Dhabi is taking a 7% stake in Nio Inc. and will gain a board seat, giving the electric carmaker a capital infusion as it contends with losses and uncertain demand in China’s competitive EV market.

Hyundai Motor will raise average annual investment in electrification by nearly two-thirds, spending $28 billion in the next decade, and further restructure its struggling China business as part of a strategy to boost electric vehicle (EV) sales.

Stellantis, the third-largest carmaker in the world by revenue, will reveal its first European-made, affordable electric car in mid-October.

NIO shares rose in early Hong Kong trade, extending gains for a fifth straight trading day amid renewed enthusiasm for electric-vehicle makers and in the wake of the launch of its first electric station wagon.

Toyota shares soared to a 16-month high Wednesday after shareholders of the world’s largest car manufacturer voted to retain Akio Toyoda as its chairman in a broad endorsement of the company’s governance and new electric vehicle strategy.

Tesla‘s stock is wavering as investors wonder whether higher prices for its electric vehicles will power it to a 14th straight day of gains.

Shares of Japanese automaker Toyota spiked 5% Tuesday after the company announced it will introduce a full lineup of battery electric vehicles with “next generation” batteries from 2026

Wall Street is cutting price targets on shares of NIO as the Chinese electric-vehicle maker cuts prices for its vehicles. Both items are potentially bad news for investors.

U.S. automaker Tesla Inc (TSLA.O) delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday.

China is poised to extend incentives for electric-vehicle purchases as part of broader efforts to shake off a sluggish post-pandemic period.

Lucid Group said on Wednesday that it is raising about $3 billion through a new equity offering, with the majority coming from the Saudi fund that controls the luxury electric-vehicle maker.

Toyota Motor Corp’s global sales rose by nearly 5% in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China.

A private jet used by Tesla CEO Elon Musk has arrived in Beijing, according to a Reuters witness.

South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.

Shares of Chinese electric vehicle firm Xpeng dropped on Wednesday after the company reported earnings that missed expectations and forecast a plunge in car sales.

Tesla CEO Elon Musk addressed shareholders at the company’s annual meeting on Tuesday, predicting the economy would pick up after 12 months and promising the company would deliver production Cybertrucks later this year.

Ford said on Monday it was working to reduce costs in China as it strives to recover from a long sales slump in the world’s largest auto market.

Elon Musk said that he has found a CEO for Twitter but didn’t say who it was. Tesla investors were happy nonetheless.

Japan’s Honda Motor Co on Thursday forecast a 19.1% rise in operating profit for this business year, after it missed analysts’ estimates in the fourth quarter.