Electric vehicles
Nikola’s fourth-quarter revenue falls short as it delivers just 20 trucks
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it produced 133 battery-electric trucks in the fourth quarter, but delivered just 20 to dealers, generating revenue that fell well short of Wall Street’s expectations. Nikola said it made a series of changes to its battery-electric truck during the quarter in response […]
Read More
Lucid’s revenue falls short of estimates as it guides to higher EV production in 2023
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000 of its Air luxury sedans last year amid manufacturing challenges. […]
Read More
Bentley to end production of ultra-performance 12-cylinder engine as it transitions to EVs
A staff member checks a Bentayga SUV on the Bentley production line at their factory in Crewe, Britain, December 7, 2022. Phil Noble | Reuters Bentley Motors plans to end production of its 12-cylinder engine next April as the famed luxury carmaker transitions to electric vehicles. The British automaker of ultra-luxury performance cars said the […]
Read More
Elon Musk promised a ton with the Tesla Semi. Here is how it stacks up now that it can be finally in this article
To start with introduced by Elon Musk in 2017, the Tesla Semi has been a person of the longest-delayed products in the company’s record. But the new electric powered truck is eventually listed here, with PepsiCo currently being the 1st purchaser to get some of the 100 cars it pre-requested. “PepsiCo owns a single of […]
Read More
Nissan, Renault to commit $600 million to make new styles in India
Renault and Nissan automobile logos are pictured through the Brussels Motor Exhibit on January 9, 2020 in Brussels. (Picture by KENZO TRIBOUILLARD/AFP through Getty Illustrations or photos) Kenzo Tribouillard | Afp | Getty Photos Nissan and Renault said on Monday they would invest $600 million to make six new models in India. The Japanese and French automakers will operate on the jobs from their base in Chennai, turning […]
Read More
Tesla raises starting up price of Design Y in China after the latest price cuts
Design Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric powered autos in Gruenheide, Germany, March 22, 2022. Patrick Pleu | Pool | by using Reuters Tesla has elevated the starting price of its Model Y crossovers by .8% to 261,900 yuan ($38,577.11) in China, after the firm’s aggressive price cuts at the starting of the calendar year ignited demand. […]
Read More
Electric vehicle stocks roar again to life in 2023 — Wall Street’s most loved performs from listed here
Points are hunting up for electric-car stocks this 12 months. In addition to Tesla ‘s comeback following a dismal 2022, shares names these kinds of as ChargePoint Holdings and Rivian Automotive have also rebounded. The iShares Self-Driving EV and Tech ETF , which missing almost 38% past yr, is up 23% so much in 2023. […]
Read More
Canoo’s shares sink after EV maker agrees to sell $52 million in discounted stock
The Lifestyle Vehicle electric minivan from Canoo. Source: Canoo Shares of electric vehicle startup Canoo were sharply lower in early trading on Monday after the company said that it has agreed to sell discounted shares to raise $52.5 million. Canoo’s shares closed at $1.09 on Monday, down over 12%. The stock has lost more than […]
Read More
Vietnam EV maker VinFast delays U.S. motor vehicle deliveries until eventually late February
The VF-8 electrical motor vehicle from VinFast, a Vietnamese automaker manufacturing electrical vehicles and SUV’s, is on exhibit at their showroom in Santa Monica, California, on July 18, 2022. Frederic J. Brown | AFP | Getty Photographs Vietnam’s electric automaker VinFast reported on Friday it will hold off deliveries to its initially consumers in the […]
Read More