Audi in talks to acquire SAIC's EV platform

Tesla (TSLA) begins sale of Model Y in South Korea

Tesla (NASDSAQ: TSLA) opened sales for their Model Y rear wheel drive electric vehicle in South Korea Friday. A move that is expected to further accelerate the adoption of electric vehicles in the country.

As per the company's website, the listed price for the Model... More

Tesla (TSLA) Model Y registrations surging in U.S. says Kelly Blue Book

Kelly Blue Book, one of the most trusted automotive valuation and research companies, released the results of a study Wednesday showing that registrations for the Model Y, Teslas (NASDAQ: TSLA) least expensive SUV, grew by 103% between January and May. The Model Y currently starts at... More

Tesla (TSLA) in talks to build factory in India

According to reports buy the Times of India, Thursday, Tesla (NASDAQ: TSLA) is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a million electric vehicles.

According to the report, the vehicles will have a starting price of 2 million rupees... More

Tesla (TSLA) Model 3 tax credits likely reduced after Dec. 31

According to information posted on Tesla's (NASDAQ: TSLA) website on Tuesday evening, the federal tax credits of $7,500 for Tesla's Model 3 electric vehicles are expected to decrease after December 31.

The move comes as the U.S. government prepares to implement stricter regulations on batteries next year, with the aim of promoting domestic production of this essential... More

NIO Inc. (NIO) Announces Closing of Strategic Equity Investment from CYVN

NIO Inc. (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has closed the US$738.5 million strategic equity investment from CYVN Investments RSC Ltd, an affiliate of CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government with a strategic focus on advanced and smart mobility (collectively referred to as CYVN Entities), previously announced on June 20, 2023 (the Investment Transaction).

Based on publicly disclosed information, CYVN Entities also acquired certain Class A ordinary shares of the Company from an affiliate of... More

Mercedes-Benz doubles EV sales in 2Q

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

Morgan Stanley remains bullish on Nio (NIO) as rising volume expectations boost shares

Morgan Stanley reiterated an Overweight rating and a $12.00 price target on Nio Inc. (NYSE: NIO) after shares of the Chinese automaker gained 7.9% Monday night on rising volume expectations.

The companys June sales topped 10k units with a strong sales ramp near the end of the month, up... More

U.S. listings of Chinese stocks edge lower after June CPI data

Investing.com -- U.S.-listed shares in Chinese companies slipped in premarket trading on Monday, as concerns around the health of the world's second-biggest economy mount following weaker than anticipated inflation data.

Online retailers JD.com (NASDAQ: JD) and PDD Holdings (NASDAQ: PDD), as well as web services firm Baidu... More

Tesla, Ford, GM report hefty deliveries; shareholders vs. Rivian: This week in EVs

Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: EV delivery numbers from Tesla, Ford, and more; GM apprehensive on EPA's emissions crunch; and a lawsuit against Rivian.

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Several automotive companies issued their 2Q production and delivery numbers last week.