Tesla Stock Is Up Despite a Bad Review. Thank China.
Text size A Tesla Model S Plaid. Courtesy Tesla Stock in the electric-vehicle pioneer Tesla is rising despite a terrible review for the company’s new Model S Plaid edition. The company’s Chinese production numbers in August appear to matter more than…
Tesla Stock: Tesla China Sales Jump On Export-Led Strategy As Overall Chinese EV Sales Triple
Chinese electric car sales tripled in August with Tesla (TSLA) seeing a big bump in export-led sales, the China Passenger Car Association reported Wednesday. Tesla stock rose slightly before the open but reversed by midday. It’s still within buy…
Nio Eyes U.S. Stock Sale in Biggest China Offering Since Didi
(Bloomberg) — Nio Inc. retreated the most in nearly three weeks after unveiling the biggest U.S. fundraising plan by a Chinese firm since Didi Global Inc. Shares in the electric carmaker dropped as much as 6.3% Wednesday after it announced plans to…
Apple car chief’s departure puts its next big thing in doubt
The abrupt departure of Apple Inc.’s top automotive executive imperils its efforts to develop a self-driving car, a project that’s been seen as one of the tech giant’s biggest bets. Doug Field, a Tesla Inc. veteran who joined Apple in 2018 to head up its…
Applied Materials Aims to Improve Chip Production for Electric Vehicles | Investing News
(Reuters) – Applied Materials on Wednesday released two new tools aimed at improving the efficiency of making a new class of chips for electric vehicles. Applied is the world’s largest maker of tools for making semiconductors. The machines…
Biden wants an aggressive transition to electric vehicles. A surprising ally is pumping the brakes
By Ella Nilsen, CNN President Joe Biden wants to corner the market on electric vehicles. In August, he announced a target that by 2030, half of the vehicles sold in the United States will be battery electric, fuel-cell electric or plug-in hybrid. It…
Apple loses Doug Field, a leader of its long rumored car group, to Ford
Field will become Ford’s chief advanced technology and embedded systems officer, and will oversee efforts including vehicle controls, enterprise connectivity and driver assistance technology, the automaker said. He will report to Ford CEO Jim…
ID. Life: VW reveals tiny, cheap electric SUV aimed at first-time car buyers
Priced for young, first-time car buyers, the ID. Life will cost about €20,000, the equivalent of just under $24,000 at current exchange rates. VW did not say which specific markets the new model would be offered in. Since it’s just a concept…
The electric Ford Mustang Mach-E has been recruited by British police
The all-electric Ford Mustang Mach-E is now available in the shockingly bright paint scheme of the British police. The Mustang Mach-E’s lighting conversion was performed by Safeguard SVP. (Ford) Seven departments across the country are looking to…
Hyundai Hydrogen Wave, Rivian range ratings, Shell chargers, Mercedes EQE and EQG: Today’s Car News
Rivian’s electric trucks get range ratings. The Mercedes EQB has been revealed, and the EQG electric SUV is turning heads just like the G-Class. Shell plans a lot of streetside chargers in the UK. The Sono Sion gets its own wallbox. And Hyundai rides the…