Volkswagen won't join China discount battle "at any price" - COO

GM’s Mary Barra pushes back against autonomous vehicles doubters

General Motors (NYSE: GM) CEO Mary Barra spoke at a Sanford Bernstein conference Friday where she doubled down on her confidence that the company will experience significant growth opportunities in the autonomous vehicle industry over the next decade.

Barra restated her prediction that Cruise could generate $50 billion a year in annual revenue by... More

Tesla’s (TSLA) price cuts drive online traffic spike

Citi has recently revised their "mindshare" tracker for electric vehicles (EVs), which keeps tabs on web traffic related to EVs. This tracker evaluates the level of engagement on websites associated with the overall EV market, as well as specific brands or companies, with the latter serving as a possible predictor of future EV market share and brand... More

Analysts watch closely as Chinese EVs battle for market share in Europe

As new EV competitors push into Europes mass market segment, how much market share will they be able to take? Analysts are keeping a close eye on the next 24 months for significant indicators of the potential risks that incumbent European automakers may face and the extent to which their market share could be at stake.

The annual sales of new cars in Europe far surpass $100 billion. With the increasing adoption of battery electric vehicles (BEVs) in Europe, the market will witness a steady flow of highly competitive offerings from established companies as well as new... More

Tesla (TSLA) amps up discounts on U.S. Model 3 inventory

In the face of economic uncertainty, increased competition, and the impending redesign of its flagship model, Tesla Inc (NASDAQ: TSLA) has significantly boosted discounts on select already made new Model 3 electric cars. Additional discounts are also being extended to the Model Y and other vehicles in its U.S. inventory, aimed at enticing potential buyers.

In California, Tesla's website reveals that a Model 3 variant available in their inventory is... More

Li Auto (LI) delivers over 28,000 vehicles in May, expects strong sales momentum

Chinese electric vehicle maker, Li Auto (NASDAQ: LI) announced Thursday that the company delivered 28,277 vehicles in May, up 146.0% year over year. Marking the automakers third consecutive month of delivering over 20,000 vehicles and its second straight month of delivering over 10,000 Li L7s. The cumulative deliveries of Li... More

NIO reports May delivery results: Sales dip, new models set to drive future growth

On Thursday, NIO Inc. (NYSE: NIO), a leading Chinese manufacturer of high-end smart electric vehicles, revealed its delivery figures for May 2023, reporting a total of 6,155 vehicles delivered.

Results were down 7.55% from April, which was off 35.9% from March.

Nio began... More

XPeng (XPEV) achieves 4th straight month of sales growth with 7,506 May EV deliveries

Chinese smart electric vehicle company XPeng (NYSE: XPEV) announced their monthly vehicle delivery results on Thursday with 7,506 Smart EVs delivered in May, up 6% vs. April's 7,079. The fourth straight month-over-month sales increase after a string of declines.

The automakers new P7i sports sedan, launched in March, has experienced a substantial increase in delivery volume compared... More

Tesla (TSLA) shipping cars with 50% Charge, offers free supercharging miles

Electric vehicle giant, Tesla (NASDAQ: TSLA) has begun shipping their cars to customers with a 50% charge for safety reasons. As a gesture of goodwill, they're also offering buyers 150 free Supercharging kilometers to make up for any inconvenience caused.

According to Reddit user u/W-001, Tesla gave the following message through email... More

Morgan Stanley remains bullish as XPeng (XPEV) says G6 demo cars will reach every Chinese location by end of week

Morgan Stanley reiterated their Overweight rating and $12.50 price target on XPeng Inc. (NYSE: XPEV) following the Cheche technology and Shanghai insurance exchange summit held in China this month. The summit focused on new energy vehicles and included companies like XPeng, NIO and... More

Volkswagen COO says automaker will not join discount battle in China 'at any price'

Volkswagen Chief Operating Officer Ralf Brandstaetter said in an interview released Wednesday that the German automaker would not participate in a discount battle in China "at any price".

"Volkswagen is focusing on a sustainable business model. In concrete terms, this means that we will not participate in the... More