Tesla (TSLA) Receives Baa3 Investment-grade L-T Issuer Rating from Moody's

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Baidu’s (BIDU) Apollo gains approval to test autonomous vehicles in Shanghai

March 22, 2023 2:00 PM EDT

Apollo, Baidus (NASDAQ: BIDU) smart car business, announced Wednesday that the Chinese tech giant has received approval to be among the first companies to test fully autonomous vehicles in Shanghai.

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VW aiming for 3M small EVs produced in Spain between 2025-2030

March 22, 2023 8:48 AM EDT

Wayne Griffiths, the chairman of Volkswagen's Spanish unit SEAT, said on Wednesday that the German carmaker plans to produce 3 million small electric vehicles at its two plants in Spain between 2025 and 2030.

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Data suggests a very strong Q1 for Tesla (TSLA) in China

March 21, 2023 9:05 AM EDT

Brokerage data surrounding Tesla (NASDAQ: TSLA) shows that the EV company is poised to report one of its best quarters in China.

According to data from China Merchants Bank International, the U.S. EV maker's retail sales in China totaled 106,915 units from Jan. 1 to March 19, or 1,371 units per day on... More

Slowing demand has BYD reducing shifts at China EV plants

March 21, 2023 8:21 AM EDT

Reuters reports Tuesday, citing people with knowledge of the matter, that BYD has reduced shifts at two auto assembly plants in China.

According to three of the sources and an internal memo sent earlier this month, BYD, which outsells Tesla (NYSE: TSLA) in China, asked some of the workers at its Xian plant, its biggest manufacturing hub, to work only four days a... More