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Li has grown its deliveries tremendously since the early part of the year, going from 2,300 in March to over 8,500 in July. Strong deliveries and revenue growth give Li a very attractive valuation against its Chinese peers NIO and XPeng. While Li does only have one vehicle availab...
Global electric car sales for June 2021 were up 153% YoY reaching 8.7% share. Europe sales rose 157% YoY reaching 19% share, and China sales rose 158% YoY reaching 15% share. EV market news - EU proposes end to the internal combustion engine in 2035. Bank of America sees EVs represent...
July deliveries came in at 7,931 vehicles, representing +125% y/y growth but a -2% m/m decline. Li and XPeng both saw July deliveries above NIO's figures. NIO could be losing some footing as the competitive environment increases, and August numbers will be important to see if NIO ...
Luokung has just announced a deal for the provision of autonomous driving simulation testing services to an affiliate of Geely. However, the initial phase of the contract is for only $2.5 million, and this is a company that was unprofitable as of December 2020 and its working capital ...
Geely has had a rougher than expected 2021, with sales volumes falling short of sell-side expectations as sales of older models fall off faster than expected ahead of significant launches. The new Zeekr 001 looks like a very competitive entrant into the Chinese EV market, with a compe...
Scharfsinn86/iStock via Getty Images Seeking Alpha reported on the discussions several weeks back, but the European Commission has now proposed a date to call time on the internal combustion engine. Sales of new cars and vans that produce CO2, including plug-in hybrids, would be banned as of ...
The competitive landscape for EVs is tightening as evident in recent sales numbers for the European continent with Tesla only capturing a 5% market share. China is the largest market for EVs but also with a strong domestic presence of companies ready to go global. Analyst consensu...
SES, a Lithium-Metal battery supplier for electric vehicles, to list on NYSE via combination with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) Transaction will create first publicly-traded, hybrid Lithium-Metal battery supplier combining high-energy density with efficient manu...
China and Europe continue to dominate electric car sales. The electric pickup truck is coming to the USA in 2022. The Wuling MINI super cheap electric car is now the global bestseller. Chinese EVs are going global. Electric motorbikes and e-mobility taking off. Bigger and cheaper ...
The EV era is coming, and the IEA is projecting at least 145 million in global EV stock by 2030, as strong growth continues into 2021. While there are some significant opportunities in pure-play EV manufacturers, those exhibit a much riskier profile, especially SPAC entrants. EV d...