BYD calls for Chinese automotive unity, 'demolish the old legends'

Fisker (FSR) inks deal with Tesla (TSLA) to adopt NACS by 2025

California-based, emerging electric vehicle maker, Fisker Inc. (NYSE: FSR) announced Tuesday morning that the automaker has signed an agreement with Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS) starting in 2025.

This decision offers Fisker vehicle owners more charging... More

Tesla (TSLA) launches affordable Model S and Model X variants

Tesla (NASDAQ: TSLA) introduced more affordable versions of its Model S sedan and Model X SUV in the United States on Monday. These new variants offer shorter driving ranges and are aimed at boosting sales, as elevated borrowing expenses are currently affecting the demand for pricier electric vehicles. The lower cost versions of both vehicles launched Monday are $10,000 less than the regular model,... More

China EVs drop as Tesla (TSLA) continues price war

Shares of Chinese electric automakers, XPeng (NYSE: XPEV), Li Auto (NASDAQ: LI) and Nio (NYSE: NIO) are down in early trading Monday morning after American competitor, Tesla (NASDAQ: TSLA) announced additional price cuts to their Model Y vehicles.

Tesla announced Monday, a reduction in prices for... More

Indonesia says Tesla (TSLA) will invest in new battery facility

Following years of active courting, Indonesia revealed Monday that electric carmaker, Tesla (NASDAQ: TSLA) will invest in the manufacturing of battery materials in the country.

Senior Minister Luhut Pandjaitan revealed through a post on Instagram, that he headed an Indonesian delegation that engaged in discussions with... More

Active options: TSLA NVDA AAPL BABA DIS AMZN AMD PLUG PLTR

Active options: TSLA NVDA AAPL BABA DIS AMZN AMD PLUG PLTR

'Motivated by a greater sense of urgency', Deutsche Bank raises estimates on Nio (NIO) ahead of 2Q release

Deutsche Bank reiterated a Buy rating on Nio Inc. (NYSE: NIO) and raised their 12-month price target on the stock to $17.00 (from $13.00) ahead of the electric automakers 2Q earnings release.

Motivated by a greater sense of urgency, NIO's operational execution has improved significantly in the past quarter with new models ramping quickly and sales efficiency improving. Writes analyst, Edison Yu in a note.

Deliveries for the second quarter have already been reported at 23,520... More

NIO (NIO) PT Raised to $17 at Deutsche Bank

Deutsche Bank analyst Vincent Ha raised the price target on NIO (NYSE: NIO) to $17.00 (from $13.00) while maintaining a Buy rating.... More

China to replace $140 billion LGFV debt with local bonds - Bloomberg News

BEIJING (Reuters) -China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, Bloomberg News reported on Friday.

Debt-laden municipalities represent a major risk to China's economy and financial stability, economists say, after years of over-investment in infrastructure, plummeting returns from land sales and soaring COVID-19 costs.

The International Monetary Fund estimates 66 trillion yuan ($9.1 trillion) in total debt is held by LGFVs, which cities use to raise money for infrastructure projects critical to the country's development.

The finance ministry has informed... More

Illinois EPA announces funding dates for next round of EV rebates

The Illinois Environmental Protection Agency (EPA) announced Thursday that the upcoming funding phase for the Electric Vehicle (EV) Rebate Program in Illinois will begin on Wednesday, November 1, 2023, and conclude on Wednesday, January 31, 2024.

Those who buy a new or used all-electric vehicle from a licensed dealer in Illinois, fulfill all... More

Tesla (TSLA) selects Volex as licensed partner to build NACS

Volex, a specialist in critical power and data transmission, has been selected as an official licensed partner by Tesla for the North American Charging Standard Charging system. Surprisingly, the company said that they are already prepared to provide the NACS connector to car manufacturers.

Volex's press release regarding the Tesla NACS coupler confirms that the... More

Citi says investors should buy Li Auto, sell XPeng - here's why

Citi analyst Jeff Chung told investors in a note Thursday that they should buy shares of Li Auto Inc. (NASDAQ: LI) and sell XPeng Inc. (NYSE: XPEV).

Chung told investors that the firm held \ an investor call with Li Auto, where the company discussed its model pipeline, sales, and earnings outlook.

Citi believes the valuation... More

US Government Investigating Fatal Tesla (TSLA) Model Y Accident - Bloomberg

US Government Investigating Fatal Tesla (NASDAQ: TSLA) Model Y Accident - Bloomberg

Tesla (TSLA) option IV near low end of range

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 43; compared to its 52-week range of 42 to 96.

Active options: TSLA NVDA DIS BABA AAPL AMD AMZN PLTR

Active options: TSLA NVDA DIS BABA AAPL AMD AMZN PLTR

Li Auto (LI) PT Raised to $56 at Daiwa Securities

Daiwa Securities analyst Kelvin Lau raised the price target on Li Auto (NASDAQ: LI) to $56.00 (from $41.00) while maintaining a Buy (1) rating.... More

Lucid (LCID) releases full specs of its Air Sapphire halo EV

Lucid Motors (NASDAQ: LCID) unveiled the final specifications for their Air Sapphire halo in a press release posted on their website Tuesday.

The companys $249,000 Lucid Air Sapphire could be considered the worlds first fully electric luxury super-sports sedan. Boasting some serious performance with a 0-60mph time of 1.89 seconds. Beating out Teslas (NASDAQ: TSLA) Model S Plaid, which has a... More

Active options: TSLA NVDA AAPL PLTR RIVN AMZN AMC AMD UPST

Active options: TSLA NVDA AAPL PLTR RIVN AMZN AMC AMD UPST

UK parliament opens probe into EV transition

Britains parliament revealed Wednesday that the upper house is launching an inquiry into the countrys approach to phasing out fossil fuels and transitioning the public towards electric vehicles. The inquiry will also cover charging infrastructure and end-of-life disposal of EVs.

The U.K. is set to completely ban the sale of new internal combustion vehicles by 2030, with hybrids being phased out by 2035 in favor of fully... More

U.S. Judge allows class action against Nio (NIO) to continue

United States federal judge, Nicholas Garaufis ruled late Tuesday to allow a class action lawsuit to proceed against Chinese electric vehicle maker, Nio Inc. (NYSE: NIO).

The lawsuit, brought by a class of investors who bought Nio American Depositary Shares (ADS) in the... More

Li Auto (LI) looks to surpass rivals in China by 2024

Li Auto (NASDAQ: LI) announced Tuesday evening its intention to surpass the sales of BMW, Mercedes-Benz, and Audi in China by 2024. This ambitious goal comes as the emerging Chinese automaker accelerates the introduction of new vehicle models and ramps its manufacturing efforts.

"We would strive to become the no.1 premium car brand in China in 2024 in terms of... More

Li Auto (LI) PT Raised to $56 at BofA Securities

BofA Securities analyst Ming Hsun Lee raised the price target on Li Auto (NASDAQ: LI) to $56.00 (from $52.00) while maintaining a Buy rating.... More

Nomura/Instinet Assumes Li Auto (LI) at Buy

Nomura/Instinet analyst Joel Ying assumes coverage on Li Auto (NASDAQ: LI) with a Buy rating and a price target of $54.00 (from $46.20).

For an analyst ratings summary and ratings history on Li Auto... More