Tesla’s stock (TSLA) soared by as much as 15%, but it settled down by about 11% at the time of writing on the Trump victory as Tesla shareholders believe CEO Elon Musk would get things out of backing the President. But what? more…
Volvo’s “game-changing” electric SUV will now reach US buyers by the end of 2024. With strong demand, Volvo is fast-tracking EX30 deliveries. Pre-order customers will now get their new EVs ahead of schedule. more…
A few years back, General Motors had to recall 142,000 Bolts in a major fiasco due to fire risk. This time around, however, just a small number of Bolts are being recalled, only 107. But the risk of fire is deemed high – according to the NHTSA – if these Read more
XPeng Motors celebrated its annual Tech Day event in China earlier today, which was renamed “AI Day” for good reason. The topic of artificial intelligence dominated the Chinese mobility company’s incoming technologies, which were abundant. We got updates on a new in-house AI computing chip, a new Xpeng platform to Read more
Toyota is tightening the reins after seeing its first quarterly profit drop in two years. To maintain profits, Toyota plans to “hold off on investment decisions until the very last moment,” including EV and hybrid investments. more…
Trump has vowed to cancel the Biden administration policies that were driving an electric transition. What now?
Donald Trump wins a second presidential term, and BMW’s CEO Oliver Zipse came out with some quick remarks – amid what is likely panic among European automakers – that BMW will be fine because of its “very, very large footprint in the US.” Meanwhile, BMW’s profit margins hit a four-year Read more
Tesla shares (NASDAQ:TSLA) saw a notable rise in Wednesday’s pre-market amid news that Elon Musk’s high-stakes gamble on Donald Trump securing the U.S. presidency has worked. As of writing, Tesla shares are up over 12% in Wednesday’s pre-market trading. In the lead up to the U.S. presidential elections, Tesla CEO Read more
Nissan stepped up and did the right thing.
KYMCO, a leading Taiwanese scooter maker, has just announced the next step in its growing partnership with US-based electric motorcycle company LiveWire. The long-awaited KYMCO RevoNEX electric motorcycle will now be built on the Arrow S2 platform developed by LiveWire. more…