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Mercedes-Benz doubles EV sales in 2Q

July 11, 2023 9:48 AM EDT

German luxury automaker, Mercedes-Benz released their second quarter sales results Tuesday, reporting a 6% rise in sales (to 515,700 vehicles) compared to the same time last year. According to Mercedes, Electric vehicles continued to be the main growth driver in the quarter, with passenger cars sales more than doubling (123%) to reach 56,300... More

Tesla (TSLA) to offer cash bonus to new buyers of its EVs in China

July 7, 2023 11:01 AM EDT

On Friday, electric vehicle giant Tesla (NASDAQ: TSLA) announced that new buyers of its top-selling electric vehicles in China will receive a cash bonus of nearly $500 if they are referred by an existing owner.

The move, which was announced on its Weibo account,... More