Shares soar as XPeng’s (XPEV) G6 receives over 25k pre-orders in under 72hrs
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Rivals GM and Ford will adopt Tesla's NACS charging connectors, will Stellantis follow?
June 9, 2023 11:25 AM EDTGeneral Motors (NYSE: GM) jumped 3.7% at the open on Friday after the company announced yesterday that the Detroit automaker will be partnering with Tesla (NASDAQ: TSLA) to open the EV giants supercharger network to GM customers. The move follows a similar announcement by neighboring rival Ford (NYSE: F) on May 26th, prompting analysts to ask the... More
California DMV conditionally approves Mercedes-Benz's automated driving tech - Reuters
June 8, 2023 1:55 PM EDTCalifornia DMV conditionally approves Mercedes-Benz's automated driving tech - Reuters
... MoreChina launches nationwide car purchasing initiative following May sales report
June 8, 2023 9:50 AM EDTIn a significant effort to bolster demand in the world's largest automobile market, China unveiled Thursday a comprehensive nationwide initiative aimed at promoting car purchases, signaling a strong commitment to supporting the automotive industry.
The announcement from the Ministry of Commerce follows the release of data indicating a 7.3%... More
China vehicle sales jump 7.3% in May, NEVs lead the charge
June 8, 2023 9:39 AM EDTData released from the China Passenger Car Association (CPCA) Thursday shows that passenger vehicle sales in China rose 7.3% in May compared to last month, as the Chinese government extended tax incentives to shore up demand amid a lagging economic recovery.
The data shows vehicle sales in May reached a total of 1.76 million units.... More
China launches nationwide car purchase campaign as May sales tick up
June 8, 2023 4:38 AM EDTBEIJING/SHANGHAI (Reuters) -China on Thursday announced a nationwide campaign to promote automobile purchases in a major push to shore up demand in the world's largest auto market.
The announcement from the Ministry of Commerce came shortly after data showed passenger vehicle sales in China rose 7.3% in May from April, higher on the month but far from the robust recovery policymakers are hoping for.
The commerce ministry said it would coordinate and push local authorities to roll out targeted policies and measures in favour of car consumption. Financial institutions will be encouraged to introduce measures... More
