Faraday Future (FFIE) to start mass production of FF 91 this month following 9 years of delay

Rivian (RIVN) cut to Neutral at Piper Sandler as analysts see current strategy as 'costly'

Piper Sandler downgraded Rivian Automotive (NASDAQ: RIVN) to a Neutral rating (From Overweight) and cut the price target on the stock to $15.00 (From $63.00) as analyst Alexander Potter believes the companys strategy is too costly.

Potter wrote in a note, We still like Rivian's strategy, which uses vertical integration to capture lucrative after-sales revenue (e.g. software, service, and charging). Tesla is the only other company with so much... More

Morgan Stanley looks to Norway, says their EV market is 2 decades ahead of U.S.

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after The National Bureau for Statistics in Norway released their annual car park data. Morgan Stanley looks to Norway as the country is an estimated 19yrs ahead of the US with 79% EV sales penetration in 2022.

Analyst Adam Jonas wrote in a note, The National Bureau for Statistics in Norway (Statistics Norway) released their annual car park data last Friday. The numbers speak for themselves: Norway's electric... More

Stellantis (STLA) supplier SVolt plans European expansion to five battery plants

Bloomberg reports Thursday that Chinese battery maker SVolt Energy Technology Co. is set to expand its footprint in Europe to as many as five factories.

Asian companies dominate battery-making in Europe. Data shows some 44% of planned battery capacity in Europe by 2030 is expected from Asian companies, with Chinese battery giant CATL on top of the list.

SVolt already has two locations in Germany with one facility set to start supplying Stellantis (NASDAQ:... More