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Nio’s Sub-Brand Onvo Delivers 4,319 EVs in October, Nio Figures Drop to 16,657
Written by Cláudio Afonso | LinkedIn | X Nio announced Friday it delivered 20,976 electric vehicles in October, including 4,319 units of its sub-brand Onvo. Nio brand delivered 16,657 vehicles, up from...
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Canoo Reportedly Suspends Half of Workforce at Oklahoma Plant Until February
Written by Cláudio Afonso | LinkedIn | X Electric vehicle startup Canoo has reportedly suspended half of its workforce at its Oklahoma City manufacturing facility for three months, until early...
View ArticleBaird Slashes Nikola’s Price Target By 29% Following Q3 Earnings Results
Written by Cláudio Afonso | LinkedIn | X Baird analyst Ben Kallo cut on Friday the firm’s price target on Nikola shares by 28.6%, to $10 from $14, while maintaining an Outperform rating. The EV maker...
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Nio Registrations in the Netherlands Fall to 11 Vehicles in October
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Nio saw its second-lowest monthly registration numbers of 2024 in the Netherlands, recording just 11 units in October, data from the...
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TD Cowen Cuts Nikola’s Price Target as Stock Approaches New All Time Low
Written by Cláudio Afonso | LinkedIn | X Shares of Nikola are trading just above all-time lows on Friday as two analysts sharply cut their price targets for the electric truck maker, citing...
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Canoo Stock Plunges 27% as Company Confirms it Furloughed 23% of its Factory...
Written by Cláudio Afonso | LinkedIn | X Shares of the struggling EV maker Canoo plunged 27.3% on Friday to a new all-time low of 55 cents after the company furloughed 23% of its factory workers in...
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XPeng Surpasses Nio, Becomes 3rd Largest US-listed EV Maker
Written by Cláudio Afonso | LinkedIn | X Shares of Guangzhou-based electric vehicle (EV) maker XPeng closed 2.5% higher on Friday at $11.52, lifting its market capitalization to $10.86 billion and...
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Two Tesla Cybertruck Accidents in Mexico in 48 Hours Leave Four Injured, No...
Written by Cláudio Afonso | LinkedIn | X Two separate accidents involving Tesla’s recently launched Cybertruck have occurred in Mexico within 48 hours, with one incident in Guadalajara resulting in...
View ArticleCanoo Workers Claim Furlough Affects 80-90% of Factory Staff, Not 23% as...
Written by Cláudio Afonso | LinkedIn | X Electric vehicle startup Canoo notified on Thursday some employees at its Oklahoma factory of a 12-week furlough as part of what it called a ‘broader...
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Lucid Sees October Registrations Drop to Two Vehicles in the Netherlands
Written by Cláudio Afonso | LinkedIn | X Lucid Motors registered two vehicles in the Netherlands in October, data from the Dutch association BOVAG showed. In September, the company had recorded 7 units...
View ArticleNio to Launch Hybrid Model Exclusively for Overseas Markets in 2026, Reuters...
Written by Cláudio Afonso | LinkedIn | X Shanghai-based media outlet Yicai reported on Friday that Nio is preparing to introduce its first hybrid model in 2026, featuring an extended-range powertrain....
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Nio VP Denies Hybrid Model Plans, Calls Battery Swap the ‘Gas Station’ for EVs
Written by Cláudio Afonso | LinkedIn | X Nio’s Associate Vice President for Brand and Communications, Ma Lin, responded to Reuters’ report on the company’s potential expansion into hybrid vehicles by...
View ArticleVW CEO Admits “Decades of Structural Problems”
Written by Cláudio Afonso | LinkedIn | X Volkswagen’s planned cost-cutting program was “unavoidable” to address longstanding “structural problems”, CEO Oliver Blume said in an interview with the German...
View ArticleEXCLUSIVE: Nio Officially Launches in Israel with Local Partner Delek Motors
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Nio has officially launched in Israel through a partnership with Delek Motors, one of the country’s largest vehicle distributors, sources...
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Saudi PIF Now Controls 64.3% of Lucid Motors, SEC Filing Reveals
Written by Cláudio Afonso | LinkedIn | X Saudi Arabia’s Public Investment Fund (PIF) increased its stake in electric vehicle maker Lucid Motors to 64.31% following the latest investment round, an SEC...
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Lucid U.S. Sales Reach 670 Units in October, Up 14% From September
Written by Cláudio Afonso | LinkedIn | X Lucid Motors’ U.S. sales rose 14.1% in October, reaching 670 units, up from 587 in September, according to the monthly sales estimate shared by Motor...
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Rivian US Sales Drop 35% in October to 3,380 Units
Written by Cláudio Afonso | LinkedIn | X Rivian’s U.S. sales fell 34.9% in October, with the electric vehicle maker delivering an estimated 3,380 units, down from 5,195 in September and 5,133 in August...
View ArticleNikola Stock Plunges 13% to a New All Time Low as Vanguard Reduces Stake
Written by Cláudio Afonso | LinkedIn | X The Vanguard Group, the world’s second largest investment management firm, has reduced its stake in electric truck manufacturer Nikola to 4.58%, according to a...
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Canoo Stock Crashes 50% in Three Sessions Raising Nasdaq Delisting Risk
Written by Cláudio Afonso | LinkedIn | X Shares of electric vehicle startup Canoo continued to slide on Monday, extending last week’s losses to over 50%. As of writing, Canoo’s stock is down another...
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Nio’s Onvo Sub-Brand Hits 1,300 Weekly Registrations in China
Written by Cláudio Afonso | LinkedIn | X Onvo, the sub-brand of electric vehicle maker Nio, registered 1,300 units from October 28 to November 3, up from the 1,200 units recorded in the previous week....
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