RNLSY - EV Company News For The Month Of November 2020
- Global electric car sales for Oct. 2020, up 127% YoY (fastest growth in 8yrs) at 4.9% share. Europe sales up 195% YoY reaching 13% share, China sales rose 120% YoY.
- EV market news - Biden's pro-EV sector policies. UK bans sales of new gas & diesel cars from 2030. USA Zero Emission Transportation Association calling for 100% EVs by 2030.
- EV company news - Tesla to join the S&P500 (on Dec. 21). Volkswagen raises electric vehicle targets in Europe and their ID.3 becomes the No1 seller in Europe in Oct.
- BMW - E-autos to be manufactured at all German plants by 2022. Nissan to stop selling ICEs in China by 2025. Hyundai to expand electrified, eco-focused, line-up to ten models.
- NIO delivered 5,291 vehicles in Nov., +109%YoY. XPeng delivered 4,224 vehicles in Nov., +342% YoY. Citi assigns a Fisker price target of $26. BlackRock-backed Arrival to list after CIIG merger.
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EV Company News For The Month Of November 2020