Tag: EV market

January 18, 2024

The Biden administration appears to be planning to crack down on Chinese electric vehicle (EV) imports, according to a letter from the U.S. Trade Representative to the House Select Committee on the Chinese Communist Party. The letter from Ambassador Katherine […]

December 12, 2023

Ford Motor Co. is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — its signature electric vehicle — due to slowing demand for battery-powered models. The automaker now intends to build 1,600 of the trucks […]

August 8, 2023

Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market. The company will build about 52,000 vehicles in 2023, […]

July 11, 2022

After dominating the electric vehicle (EV) market since launching its first model in 2008, Tesla Inc. (NASDAQ: TSLA) will likely lose its position as the world’s largest EV maker by 2025 as competitors launch 135 new EVs to the market. […]

November 29, 2021

EV start-up Lucid, which delivered its first vehicle on October 30th, has a market cap bigger than Ford’s and is now the eighth most valuable car company in the world. Tesla, Rivian and Lucid are valued at a completely different […]

September 14, 2020

DETROIT — General Motors’ latest strategy: Give and take. Partnerships with Honda Motor Co., electric vehicle startup Nikola Corp. and battery supplier LG Chem show GM’s willingness to share technology and manufacturing power for the mutual benefit of itself and […]

August 31, 2020

Nio Inc. boosted the size of its capital raising by almost 20 percent as investors rush stock sales by EV makers. The U.S.-listed, Shanghai-based firm sold 88.5 million American depositary receipts at $17 apiece, according to an emailed statement Monday. […]

January 24, 2020

FRANKFURT — Volkswagen Group CEO Herbert Diess is sending a message to Elon Musk: We are coming for Tesla. While Tesla is paving the way in electric cars, VW is buying software companies and ramping up investments in sustainable vehicles […]

November 8, 2019

BEIJING — China is considering further cuts to subsidies for electric-vehicle purchases, according to people familiar with the matter, threatening to deal another blow to a once-burgeoning industry that’s facing an unprecedented slump. Industry regulators in the world’s largest EV […]