Canoo’s Board of Directors Granted a Total of Nearly 650,000 Shares
Written by Cláudio Afonso | LinkedIn | X Canoo announced on Wednesday that it issued substantial stock grants to seven members of its Board of Directors as part of the company’s 2020 Equity Incentive...
View ArticleEU Electric Vehicle Sales Slip to 14.4% Market Share in June
Written by Cláudio Afonso | LinkedIn | X New car registrations in the European Union increased by 4.3% in June 2024, driven by significant gains in Italy, Germany, and Spain, according to industry data...
View ArticleVolvo Reports Strong Q2 Earnings, Warns of Potential Impact from US, EU Tariffs
Written by Cláudio Afonso | LinkedIn | X Volvo Cars announced on Thursday a 15% rise in retail sales for the second quarter, reaching 205,400 units, largely propelled by the growing demand for electric...
View ArticleNio to Reduce EV Discounts from July 22 in Pursuit of Higher Margins
Written by Cláudio Afonso | LinkedIn | X Earlier this week, local media in China reported that Nio was planning to increase prices for some of its best selling electric vehicles (EVs) in China as it...
View ArticleTesla Signs Major Energy Storage Contract with Intersect Power
Written by Cláudio Afonso | LinkedIn | X Tesla announced on Thursday that has signed a contract Intersect Power for 15.3 GWh of Megapacks, its battery energy storage system. The company said it will...
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Canoo’s 2024 LDV Deliveries Fall Drastically Short of Initial Projections
Written by Cláudio Afonso | LinkedIn | X Last January, the electric vehicle (EV) startup Canoo applied for EPA certification for its 2024 lifestyle delivery vehicles (LDV) 130 and 190. The official...
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Faraday Future to Deliver Second Vehicle of the Year “Around July 31”
Written by Cláudio Afonso | LinkedIn | X After delivering one FF 91 2.0 electric vehicle year to date, the US-based startup Faraday Future will deliver the second one of the year (and the 13th overall)...
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Nikola Sets New Hydrogen Refueling Record with 850+ kg Dispensed in a Day
Written by Cláudio Afonso | LinkedIn | X The electric vehicle (EV) startup Nikola Corporation announced on Wednesday it has reached a new milestone in hydrogen refueling. As the company continues...
View ArticlePlug Power Shares Plummet on New $200 Million Stock Offering
Written by Cláudio Afonso | LinkedIn | X Shares of the hydrogen producer Plug Power tumbled 10 percent on Friday’s pre-market session following the announcement of a public offering of $200 million in...
View ArticleTrump Denounces EV Mandates at RNC, Promises to End “Green New Scam”
Written by Cláudio Afonso | LinkedIn | X At the Republican National Convention on Thursday, the Presidential candidate Donald Trump delivered a fiery speech that included sharp criticism of electric...
View ArticleStellantis Issues OTA Update on 24,000+ Chrysler Pacifica Hybrids Over Fire Risk
Written by Cláudio Afonso | LinkedIn | X Stellantis announced on Thursday a critical recall affecting more than 24,000 Chrysler Pacifica plug-in hybrid minivans worldwide due to a fire risk. The recall...
View ArticleSumitomo Mitsui Trust Adjusts Position in Nio, Holds Now 3.35 Million Shares
Written by Cláudio Afonso | LinkedIn | X The Japanese financial group Sumitomo Mitsui Trust Holdings filed a new form with SEC on Friday reporting that sold 1.91% of its stake in the electric vehicle...
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Nio Introduces ‘Mars Red’ Color for Its Top Four Best-Selling Models in China
Written by Cláudio Afonso | LinkedIn | X Shanghai-based electric vehicle manufacturer Nio has introduced on Friday a new ‘Mars Red’ color for its lineup. The announcement was made via the Nio app in...
View ArticleLucid’s Gross Margins to Stay Negative Until 2026, Analyst Says
Written by Cláudio Afonso | LinkedIn | X Electric vehicle (EV) maker Lucid Motors is facing a challenging financial trajectory, according to a new research note from Cantor Fitzgerald sent on Friday....
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Nikola Secures Talon Logistics as New Client for Hydrogen Fuel Cell Trucks
Written by Cláudio Afonso | LinkedIn | X Nikola Corporation, the US-based manufacturer of hydrogen fuel cell electric vehicles (FCEVs), has secured Talon Logistics as a new client. According to a...
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Xiaomi CEO Credits Nio and XPeng Influence in Automotive Ambitions
Written by Cláudio Afonso | LinkedIn | X Xiaomi founder and CEO Lei Jun, in his “2024 Annual Speech” themed “Courage,” disclosed that his decision to enter the car manufacturing sector was...
View ArticleFaraday Future Warns of Severe Impact if Reverse Stock Split is Not Approved
Written by Cláudio Afonso | LinkedIn | X Electric vehicle (EV) startup Faraday Future published on Friday a letter urging the shareholders to approve all the proposals at the upcoming Annual General...
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Faraday Future Hosts Investor Day with 40 Shareholders, Showcases EV Model
Written by Cláudio Afonso | LinkedIn | X Faraday Future hosted an Investor Community Day on Saturday at its headquarters in Los Angeles. The event counted 40 shareholders who were hosted by the...
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Nio to Launch a New Phone Model on July 27, VP Says
Written by Cláudio Afonso | LinkedIn | X Next Saturday, July 27, the Chinese electric vehicle (EV) maker Nio will host the second edition of its annual tech-focused event, NioIN, in Shanghai. In a post...
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Canoo Enters $100 Million Cash Advance Deal with Yorkville
Written by Cláudio Afonso | LinkedIn | X The electric vehicle (EV) startup Canoo announced Monday it has entered into a Prepaid Advance Agreement with the investment firm YA II PN. The stock closed...
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