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2023-12-29 06:30:00 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips For gaining exposure to the rise of EVs in China, investors have many choices. However, while there isn’t necessarily a “one and only” China EV stock to own, Li Auto (N...
2023-12-13 21:40:00 ET Summary Lotus Technology has raised $870 million in the run-up to a SPAC listing backed by luxury giant LVMH, owner of the Louis Vuitton brand. Geely, which also owns Volvo, is concurrently working on an IPO for its Zeekr EV unit, spotlighting its deal-makin...
2023-12-08 14:17:07 ET Summary Global electric car sales Oct. 2023 up 37%YoY to 17% share. China sales up 41% to 39% share. Europe up 24% to 25% share. USA up 26% to 9.4% share. EV market news - Electric vehicles and hybrids grow to a record-high 18% of U.S. light-duty vehicle sal...
2023-12-06 06:20:00 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips Folks who invested in China-based electric vehicle manufacturer Nio (NYSE: NIO ) had a great summer this year. Then, the stock had a terrible fall in both senses of the word. Some i...
2023-11-29 13:56:08 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips Aligning with the major indices, China’s electric vehicle (EV) stalwart Nio (NYSE: NIO ) moved up slightly Wednesday afternoon after a stronger morning trading session. Helpi...
2023-11-13 13:34:56 ET Summary ZEEKR Intelligent Technology Holding Limited plans to raise $50 million in an IPO to fund the development of advanced electric vehicle technologies and expand its product portfolio. The company specializes in the design and production of new energy v...
2023-11-13 09:31:52 ET The usually bustling IPO market has experienced a quieter period in recent weeks, largely due to factors such as poor stock performances in October, high interest rates, and the anticipation of reduced valuations. Waystar ( WAY ), a fintech company, has postponed ...
2023-11-09 12:20:00 ET Summary Tesla, Inc.'s stock price has rebounded significantly from its lows in 2023, despite concerns about CEO Elon Musk's distractions and profit margins. Competitors Lucid Group, Fisker, and Polestar are at risk of trading towards zero due to financial ch...
2023-11-08 11:02:41 ET Summary Global electric car sales Sept. 2023 up 23% YoY to 17% share. China sales up 22% to 37% share. Europe up 15% to 25% share. USA up 59% to 9.9% share. EV market news - Norway’s EVs at a record 93% share. BP to buy $100M of Tesla ultra-fast charg...
2023-10-31 13:13:16 ET Summary Toyota is not currently transitioning to the BEV (battery electric vehicle) and exiting the ICE (internal combustion engine). In the US Toyota claims 31.5% of its vehicle sales are “electrified” cars (with an ICE), when its BEV sales ar...