Chinese EV Tariffs in EU Take Effect Wednesday, With Negotiations Still Open
Written by Cláudio Afonso | LinkedIn | X Starting this Wednesday, all the battery electric vehicles imported from China into Europe will face an extra tariff that can go from 7.8% (Tesla) to 35.3%. The...
View ArticleVolvo Cars to Take Full Control of Battery Joint Venture with Northvolt
Written by Cláudio Afonso | LinkedIn | X Volvo Cars announced Wednesday that it plans to invoke its redemption rights to acquire Northvolt AB’s shares in the NOVO Energy joint venture, following the...
View ArticleNio’s China Entity Increases Capital by 1 Billion Yuan
Written by Cláudio Afonso | LinkedIn | X Nio Holding Co., Ltd., the China-based entity behind electric vehicle (EV) manufacturer Nio, has raised its registered capital by nearly 1 billion yuan...
View ArticleVolkswagen’s Profit Falls 42% in Q3 to a Three-Year Low
Written by Cláudio Afonso | LinkedIn | X Volkswagen Group released its third quarter financial results on Wednesday, posting a net profit drop to €1.57 billion from €4.34 billion a year prior, with...
View ArticleCanoo Partners with AA in the UK on Charging Support, Service, and Repair
Written by Cláudio Afonso | LinkedIn | X Canoo announced Wednesday it is partnering with the AA in the United Kingdom on charging infrastructure support, service and repair as it eyes to secure the...
View ArticleClik here to view.
Fidelity Cuts Stake in Nikola Across Four Funds
Written by Cláudio Afonso | LinkedIn | X Fidelity has cut its Nikola stake across four funds during the third quarter of the year, new filings revealed on Tuesday. Currently, the Phoenix-based startup...
View ArticleClik here to view.
Lucid Stock Nears New All-Time Low Ahead of Q3 Earnings Results
Written by Cláudio Afonso | LinkedIn | X Shares of the electric vehicle maker Lucid Motors touched a new six-month low on Wednesday, trading at $2.33, close to the all-time low of $2.29 reached in...
View ArticleClik here to view.
Nio Launches Discreet Senior-Level Hiring in China for Middle East, report
Written by Cláudio Afonso | LinkedIn | X Electric vehicle (EV) maker Nio has quietly launched a targeted recruitment drive in China to expand its Middle East team, the local media outlet Yijian Auto...
View ArticleFord Executive Peter Stern Appointed as New CEO of Peloton
Written by Cláudio Afonso | LinkedIn | X Peter Stern, a senior executive from Ford, was announced on Thursday as Peloton’s new chief executive and president. Stern joined Ford in August 2023 as...
View ArticleClik here to view.
Ford to Pause F-150 Lightning Production For Seven Weeks, report
Written by Cláudio Afonso | LinkedIn | X Ford Motor Co. plans to halt production of its F-150 Lightning electric pickup from mid-November through early January. In the first nine months of the year,...
View ArticleClik here to view.
Nikola Reports Lower Than Expected Q3 Revenue, Reiterates Annual Guidance
Written by Cláudio Afonso | LinkedIn | X Nikola released its third-quarter earnings results on Thursday, posting a revenue of $25.2 million — missing consensus estimates of $37.2 million. Wall Street...
View ArticleClik here to view.
RWE to Supply Rivian’s Charging Network with Wind Power from Texas Project
Written by Cláudio Afonso | LinkedIn | X RWE, the third-largest renewable energy company in the United States, has signed a 15-year power purchase agreement (PPA) with electric vehicle maker Rivian for...
View ArticleClik here to view.
Nikola Announces Buyback of 20 BEV Trucks from Dealer
Written by Cláudio Afonso | LinkedIn | X Nikola released its third-quarter earnings results on Thursday missing the Wall Street consensus on revenue and reporting a sharp decline in cash and cash...
View ArticleClik here to view.
Canoo Stock Reaches New All-Time Low as it Seeks Approval for Another Reverse...
Written by Cláudio Afonso | LinkedIn | X Shares of the electric vehicle startup Canoo reached a new all-time low at $0.74 on Thursday as the timeline for mass production remains unclear. Additionally,...
View ArticleClik here to view.
Nio Expands Taxi Fleet Offerings in Germany with ET5 Sedan
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Nio announced Thursday it is adding its smaller and cheapest sedan, the Nio ET5, to the line-up of models available for German taxi...
View ArticleClik here to view.
Nikola’s Cash to Last Until April 2025, CFO Hints at New Capital Raise
Written by Cláudio Afonso | LinkedIn | X Nikola’s Chief Financial Officer Tom Okray stated on Thursday that the company has a cash runway of “five to six months,” with a monthly burn rate of $30...
View ArticleClik here to view.
Nikola Expands Stock Offering Agreement, Eyes $237 Million Raise
Written by Cláudio Afonso | LinkedIn | X A few hours after reporting its third-quarter financial results, EV maker Nikola announced an amendment to its equity distribution agreement with Citigroup...
View ArticleClik here to view.
Xiaomi EV Deliveries Cross 20,000 Units For the First Time in October
Written by Cláudio Afonso | LinkedIn | X The smartphone giant Xiaomi announced Friday it delivered over 20,000 electric vehicles in October, seven months after starting mass-producing its first model,...
View ArticleClik here to view.
Nio Denies Report of Hybrid Model for Firefly Sub-Brand
Written by Cláudio Afonso | LinkedIn | X Nio’s Co-Founder and President Lihong Qin has denied that the electric vehicle maker’s upcoming sub-brand Firefly will launch an extended-range electric (EREV)...
View ArticleClik here to view.
XPeng Delivers 23,917 EVs in October, Setting a New Record
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker XPeng announced Friday it has delivered 23,917 units in October. The figures represent a new record for the Guangzhou-headquartered brand...
View Article