Autos
China’s EV makers could see a ‘shake down’ as they hike prices on rising material costs
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images A slew of electric vehicle companies operating in China have been forced to raise the prices of their cars as the cost of raw materials shoot up. Some companies like […]
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Stocks making the biggest moves after hours: The Honest Company, Tilray and more
: The Honest Company founder and chief creative officer Jessica Alba and The Honest Company CEO Nick Vlahos ring the Nasdaq Stock Market opening bell to mark the company’s IPO at NASDAQ MarketSite on May 05, 2021 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Honest Company ) Dimitrios Kambouris | Getty […]
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Nio’s outlook will be in the spotlight when the Chinese EV maker reports earnings Thursday
Nio plans to begin deliveries of its ET7 electric sedan in 2022. Evelyn Cheng | CNBC Nio’s sleek and powerful electric vehicles have captured the attention of investors – and rival automakers – around the world, but they haven’t always been able to power past the supply-chain disruptions that have played havoc with the Chinese […]
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Electric vehicle start-up Nikola has begun production of its first battery-electric semitruck
Nikola Motor’s Tre semi-truck. Nikola Motor Company Electric heavy-truck startup Nikola announced on Wednesday that it has begun production of the battery-powered version of its electric Tre semitruck at its factory in Coolidge, Arizona, beating rival Tesla’s electric semitruck to market. Nikola plans to begin deliveries of the trucks in the second quarter, executives said […]
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Stellantis, LG Energy Solution to invest $4.1 billion in Canadian EV battery plant
Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong | Getty Images DETROIT – Automaker Stellantis and LG Energy Solution will invest about $4.1 billion […]
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Londoners urged to avoid ‘unnecessary car journeys’ after mayor triggers high pollution alert
The Mayor of London, Sadiq Khan, has issued a high pollution alert for the U.K. capital. Andrew Holt | Photolibrary | Getty Images LONDON — Mayor of London Sadiq Khan has issued a high pollution alert for the U.K. capital, telling those with lung and heart problems to “avoid physical exertion” for its duration. In […]
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Investing Club: Goldman Sachs cut its earnings estimates on Ford — here’s what we think
We’re keeping our 1 rating on Ford shares, despite Goldman Sachs cutting its EPS targets for 2022 and lowering its price target. Source
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Elon Musk to officially open German factory as Tesla looks to ease demand pressure
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk will officially open Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure off its other factories in […]
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Ford F-150 Lightning’s 320-mile range beats available Rivian electric pickups, but lags GMC
2022 Ford F-150 Lightning Ford DETROIT – Ford Motor’s 2022 F-150 Lightning pickup will have an electric range of up to 320 miles, according to final Environmental Protection Agency estimates released Monday by the automaker. The top range of the all-electric pickup is 20 miles higher than Ford initially estimated, which places it just above […]
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General Motors is creating an import business to send certain iconic vehicles to China
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors is creating a new China-based premium import business focused on sales of high-margin, “iconic vehicles” from the U.S. The […]
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