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2023-08-03 08:31:17 ET Summary Global electric car sales June 2023 up 38% YoY to 19% share. China sales up 28% to 38% share. Europe up 42% to 25% share. USA up 38% to 9% share. EV market news - China 6b emission standard started on July 1. China to bolster its economy. U.S. propos...
2023-07-31 10:20:52 ET XPeng ( NYSE: XPEV ) fell on Monday after UBS lowered its rating to Neutral from Buy on its view the upside from the Volkswagen ( OTCPK:VLKAF ) partnership and G6 momentum is already factored into the share price. "While the VW collaboration will proce...
2023-07-30 20:40:45 ET Summary XPeng announced a major strategic partnership with Volkswagen last week that will see the European car brand take a minority stake in XPeng. Volkswagen is going to invest $700M for a 5% stake in XPeng. The partnership with Volkswagen could help X...
2023-07-29 12:00:00 ET Summary Despite the recent correction following the fiscal Q2 2023 earnings call, Tesla, Inc. stock still has managed to retain much of its premium and recovery from the January 2023 bottom. Elon Musk's plan to flood the market with Tesla EVs appear to be wo...
2023-07-28 12:30:40 ET Summary Volkswagen Group's Q2 profits were lower than expected due to negative effects of commodity hedging and increased competition in China. The company confirmed its 2023 financial outlook but slightly lowered its delivery estimates. Volkswagen signed tw...
2023-07-27 15:37:48 ET Summary XPeng Inc. announced a major investment partnership with Volkswagen. The Chinese EV manufacturer has forecast a sharp rise in deliveries for Q4, though management has a history of not meeting targets. XPEV stock has reasonable upside at $20, but ...
2023-07-27 10:22:08 ET Volkswagen AG (VWAGY) H1 2023 Earnings Conference Call July 27, 2023 03:00 ET Company Participants Sebastian Rudolph - Head of Global Group Communications Rolf Woller - Head, Group Treasury & Investor Relations Oliver Blume - Chief Exec...
2023-07-26 09:54:00 ET XPeng ( NYSE: XPEV ) skyrocketed in early trading on Wednesday after announcing a cooperation deal with Volkswagen ( OTCPK:VLKAF ) covering strategic technical collaboration. Notably, the German automaker also made a $700M strategic minority inves...
2023-07-24 07:06:52 ET Vietnamese electric vehicle maker VinFast ( VFS ) plans to break ground this week on a delayed factory in North Carolina. VinFast aims to be the first Vietnamese car brand to produce electric vehicles and the first to expand into global markets. The auto arm o...
2023-07-23 21:25:42 ET Summary Actually the "bad news" is really good news as well, since they are affording a fantastic opportunity to buy on the cheap. How can we be having a new bull market when the best names could be falling? The rally is widening, other sectors are growing a...
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