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Summary VW Group has seen nice 2022 BEV growth in China, but not so much in Europe and the US. The China Passenger Car Association shows that competition from new companies is fierce. Global unit growth for BEVs will continue for VW Group, but some of the conjecturing on market shar...
Summary Volkswagen delivered strong Q3 FY2022 results amid persistently disruptive macroeconomic times. The company's focus is on electrifying Volkswagen brands to lead the pack in EV market penetration and sales. Broad range of brands spread across price categories places Volkswage...
Summary Apple continues to stay mum on its car project, though recent reports indicate that it has again delayed the new product segment's launch. In addition to the delay, Apple is also considering taking its ambitions down a notch by overhauling the previously driverless vision. T...
Summary Global electric car sales Oct. 2022 up 55% YoY to 16% share. China sales up 75% YoY to 31% share. Europe up 14% YoY to 23% share. U.S. ~6% share. Electric Vehicle market news - electric plane manufacturer takes off, receives worldwide orders. Electric helicopter makes historic f...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors are betting big on EV stocks, including electric buses. That’s because they offer several advantages over traditional diesel buses, including lower operating costs, cleaner emissions, and improved performan...
Summary TuSimple acknowledged a delisting risk, falling out of compliance with Nasdaq listing rules after recently fired CEO Hou ousted the company's board. The board room drama and c-suite shakeup over the past few weeks emphasize an internal struggle in the company, which could ...
Summary Fisher’s 13F portfolio value decreased from ~$141B to ~$133B in Q3 2022. They added Charles Schwab and increased Nvidia, Morgan Stanley, and Goldman Sachs while decreasing Salesforce, Visa, Alibaba Group Holdings, Novartis, Verizon, and Tencent Holdings. The top...
Spanish carmaker SEAT said Wednesday that it plans to build the first electric car battery plant in Spain as part of a €10B investment in the nation's electric car initiative. The Volkswagen-owned company plans to build the battery plant in Sagunto and electrify SEAT...
Summary Luminar Technologies hit a major milestone by reaching the start of production ahead of schedule, with multiple vehicle models set to adopt Luminar's Iris over the next 4 to 6 quarters. A new high-volume production facility is set to come online late next year, setting the...
Summary Global electric car sales Sept. 2022 >1m, up 51% YoY to 17% share. China sales up 78% YoY to 35% share. Europe up 7% YoY to 24% share. US ~6% share. EV market news - DoE awards $2.8B of grants to supercharge U.S. manufacturing of batteries for EVs/grid. EU signs provisi...
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2024-07-25 04:53:00 ET While share prices of Rivian (NASDAQ: RIVN) remain down on the year, a spate of good news has helped the stock solidly rally off its lows. The stock is still down over 25% on the year, but its price has now more than doubled from its recent lows. With Rivi...