Polestar’s German Sales Rebound in May, Year to Date Figures Still Down 43%
Written by Cláudio Afonso | LinkedIn | X Polestar, an electric vehicle brand under the Geely Group, registered 414 new vehicles in Germany, doubling the previous month’s figure of 206 deliveries. The...
View ArticleNio Reports Q1 Earnings: Revenue of $1.37 Billion and Gross Margin of 4.9%
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Nio published on Thursday its first quarter financial results reporting a revenue of 1.372 billion in the fourth quarter of 2023, down...
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Nio Expects June Deliveries to be Between 17,836 and 19,836 Vehicles
Written by Cláudio Afonso | LinkedIn | X Amid the release of its first quarter financial results this Thursday, the Shanghai-headquartered manufacturer Nio said it expects another strong month in June...
View ArticleNikola, Workhorse Removed from Russell 3000 Index
Written by Cláudio Afonso | LinkedIn | X Electric vehicle companies Nikola and Workhorse will be removed from the Russell 3000 Index, according to the official preliminary list of additions and...
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Lucid Offers up to $11,900 Discount on Inventory Vehicles in Germany
Written by Cláudio Afonso | LinkedIn | X Lucid Motors is offering German customers substantial discounts on its luxury electric vehicle, the Lucid Air, in an effort to boost sales in the country....
View ArticleNio To Enter UAE Market in Late 2024, CEO Says
Written by Cláudio Afonso | LinkedIn | X China’s electric vehicle (EV) manufacturer, Nio, reported a 7.2 percent year-over-year decline in revenue for the first quarter of this year, as announced in...
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Rivian Unveils Second-Generation R1 Models Starting at $69,900
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Rivian has introduced on Thursday the second generation of its R1 SUV and pick-up, featuring enhanced utility and design. Prices start...
View ArticleCiti Says Nio Shares Have 110% Upside Potential Following Q1 Earnings
Written by Cláudio Afonso | LinkedIn | X Citi analyst Jeff Chung reaffirmed on Thursday the firm’s Buy rating on Nio shares , maintaining a price target of $10.40. Earlier in the day, the electric...
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Deutsche Bank Starts Coverage on Zeekr, Projects 40% Annual Revenue Growth
Written by Cláudio Afonso | LinkedIn | X Deutsche Bank analyst Bin Wang initiated coverage of Zeekr‘s stock with a Buy rating while setting a $35 price target. Based on the current price of the shares,...
View ArticleFaraday Future Produces the 12th FF91 2.0, Prepares Delivery to First Retail...
Written by Cláudio Afonso | LinkedIn | X Faraday Future‘s Founder and Chief Product & User Ecosystem Officer, YT Jia, shared on Thursday that the company has completed the prodution of the 12th...
View ArticleNio Targets 20% Margin with New NT3 Platform
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Nio, unveiled on Thursday ambitious plans for its upcoming NT3 platform during the Q1 2024 earnings call. The new platform, in which the...
View ArticleFaraday Future Shares Surge as Company Restarts Deliveries
Written by Cláudio Afonso | LinkedIn | X Shares of the electric vehicle startup Faraday Future are soaring by 35 percent in the early moments of Friday’s trading session. This surge follows an...
View ArticleMorgan Stanley Reiterates Nio’s PT Despite “Worse Than Expected” Net Loss
Written by Cláudio Afonso | LinkedIn | X In a new research note titled “1Q24 slightly shy on non-op; 2Q24 volume in line with raised expectation,” Morgan Stanley has reiterated the firm’s price target...
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Nikola Founder Files Multibillion Dollar Lawsuit Against Company Directors
Written by Cláudio Afonso | LinkedIn | X In an escalation of his ongoing legal battles, Trevor Milton, the founder of the electric vehicle startup Nikola Corporation, announced via social media that he...
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Nio’s Second Subbrand ‘Firefly’ Logo Leaked Ahead of Official Launch
Written by Cláudio Afonso | LinkedIn | X The logo for Nio’s much-anticipated second subbrand, Firefly, have been shared on Chinese social media Weibo ahead of the official brand launch. According to...
View ArticleNikola’s Institutional Ownership Peaks as Vanguard Fund Increases Position
Written by Cláudio Afonso | LinkedIn | X Vanguard Group, one of the world’s largest investment advisors, has been consistently increasing its stake in Nikola Corporation since the company’s initial...
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Nio Showcases New SUV EL8 in Norway, European Debut Planned for June 13
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Nio will welcome a new model to its European lineup on Thursday, June 13, with the introduction of its flagship sport utility vehicle,...
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Fisker CEO and CFO Attend LA Event in First Public Appearance of 2024
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Fisker, currently grappling with severe financial difficulties due to lower-than-expected demand and insufficient funding, saw its...
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Former F1 Champion Praises Chinese EVs, Questions if German OEMs Can Keep Up
Written by Cláudio Afonso | LinkedIn | X Former Formula One World Champion Nico Rosberg has expressed on Monday high praise for Chinese electric vehicles (EVs) in a LinkedIn post, highlighting their...
View ArticleXpeng Expands European Presence with Greek Market Entry
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Xpeng has signed a strategic cooperation agreement with the Greek group Autohellas, marking the expansion into a new European market. In...
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