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BYD says price cuts were part of promotions by some dealers

February 27, 2023 7:27 AM EST

Chinese conglomerate and auto maker, BYD Company is down 1.65% today in Chinese markets after reports that the company cut prices on their vehicles. However, the company replied to reports, saying that the price cuts were not its official move, after the matter sparked discussion over the... More

Tesla (TSLA) German plant reaches 4k cars per week ahead of schedule

February 27, 2023 6:51 AM EST

Electric vehicle maker, Tesla (NASDAQ: TSLA) announced Monday that its plant in Brandenburg near Berlin is now producing 4,000 cars per week. According to a recent production plan viewed by Reuters, the company reached this goal three weeks ahead of... More