Lucid VP of Marketing Leaves, Becomes 8th Executive to Exit in a Year
Written by Cláudio Afonso | LinkedIn | X Andrea Soriani, Vice President of Marketing and Communications at electric vehicle maker Lucid Motors, has left the company after less than two years, marking...
View ArticleNio CFO Says Most Battery Swap Stations in Shanghai Now Profitable
Written by Cláudio Afonso | LinkedIn | X Qu Yu, the recently appointed chief financial officer (CFO) of the EV maker Nio, participated at the 31st Annual Conference of the China Society of Automotive...
View ArticleCanoo to Refund Retail Deposits as It Focuses on Fleet Customers
Written by Cláudio Afonso | LinkedIn | X Electric vehicle startup Canoo said on Wednesday it decided to refund all customer deposits it has accumulated since the unveiling of its first models in May...
View ArticleTesla Takes Cybercab on European Tour Until Year-End
Written by Cláudio Afonso | LinkedIn | X Tesla announced on Thursday it is bringing its Cybercab on a tour across six European capitals between next week and the year end. Musk has recently described...
View ArticleNio to Enter Azerbaijan with Local Partner, President Says
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Nio is preparing to enter Azerbaijan’s market, with its first showroom planned for the capital, Baku, co-founder and President Lihong Qin...
View ArticleNikola Shares Fall 26% to New Record Low Amid Convertible Debt Adjustments
Written by Cláudio Afonso | LinkedIn | X Nikola shares plunged 30% in the first hours of Thursday’s trading session to a new record low of $2.16 after the company announced amendments to its financing...
View ArticleTesla Unveils V4 Supercharger Cabinet with Up To 500kW Charging Speed for Cars
Written by Cláudio Afonso | LinkedIn | X Tesla unveiled on Thursday its new V4 Supercharger cabinet, designed to deliver ultra-fast charging speeds, capable of delivering up to 500 kilowatts for...
View ArticleCanoo’s Fleet Customer Praises EV Vans, Says Delivery Delays Won’t Deter Plans
Written by Cláudio Afonso | LinkedIn | X In January, the electric vehicle startup Canoo announced it delivered the first units of its 9,300-unit binding order from Kingbee, a company specialized in...
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Onvo Chief Says He Will Resign if Delivery Goals Are Not Achieved
Written by Cláudio Afonso | LinkedIn | X Alan Ai, President of Nio’s sub-brand Onvo, reaffirmed on Friday at the Guangzhou Auto Show that the company aims to deliver more than 10,000 units in December...
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Huawei-Backed Avatr Joins Nio’s Charging Network in China
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Nio announced on Friday that Avatr, a joint venture between Huawei, Changan, and battery giant CATL, has joined its charging network,...
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XPeng Aims for 20K Monthly Mona M03 Units by Early 2025, CEO Says
Written by Cláudio Afonso | LinkedIn | X Xiaopeng He, founder and CEO of the Guangzhou-based electric vehicle (EV) maker XPeng, said on Friday that monthly production capacity for the Mona M03 model...
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Canoo Cash Drops to $0.7 Million, Plans Stock-for-Services Strategy
Written by Cláudio Afonso | LinkedIn | X Electric vehicle startup Canoo reported a $0.8 million decline in its cash and cash equivalents during the first five weeks of the quarter, leaving it with less...
View ArticleNio Partners with GreenCar for Sales and Service in Azerbaijan
Written by Cláudio Afonso | LinkedIn | X Nio’s co-founder and president, Lihong Qin, revealed Thursday that the electric vehicle manufacturer is gearing up to enter the Azerbaijani market. The...
View ArticleGM Lays Off Nearly 1,000 Workers in Third Workforce Reduction Since August
Written by Cláudio Afonso | LinkedIn | X Detroit carmaker General Motors is laying off nearly 1,000 workers worldwide, most of them in the U.S., sources told Reuters on Friday. The company informed...
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Lucid Shares Drop Below $2 Hitting New All Time Low
Written by Cláudio Afonso | LinkedIn | X Shares of electric vehicle maker Lucid Motors fell to a new all-time low on Friday, dropping below the $2 mark for the first time. The Saudi-backed automaker...
View ArticleH.C. Wainwright Sees 273% Upside for Canoo Despite Lowering Price Target
Written by Cláudio Afonso | LinkedIn | X H.C. Wainwright analyst Amit Dayal released a new research note on the EV startup Canoo, cutting the price target by 50% to $2.00. Despite the recent financial...
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Lucid CEO Says Gravity Production Will Begin ‘Imminently’
Written by Cláudio Afonso | LinkedIn | X Lucid Motors CEO Peter Rawlinson said on Friday that production of the Gravity SUV is set to begin “imminently” at the company’s plant in Casa Grande, Arizona....
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Jim Simons Founded Hedge Fund Buys 12M Nio Shares in Q3, Sells Tesla and Nvidia
Written by Cláudio Afonso | LinkedIn | X Renaissance Technologies, the second-largest hedge fund globally and founded by renowned investor Jim Simons, disclosed in its latest quarterly report that it...
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BlackRock Slightly Trims Lucid’s Stake in Q3, Holds Now 43M Shares
Written by Cláudio Afonso | LinkedIn | X BlackRock Inc., the world’s largest asset manager, reduced its stake in electric vehicle maker Lucid Motors by 4.8% as it sold 2,171,966 shares in the third...
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Onvo Chief Claims L60 as Top Alternative to Tesla Model Y in China
Written by Cláudio Afonso | LinkedIn | X Since September, Tesla’s Model Y — the world’s best-selling model — has gained fresh competition in China with the launch of Huawei-Chery’s Luxeed R7, the Zeekr...
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