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Swedbank AB Acquires $6.23M Stake in Nio and $2M in Li Auto
Written by Cláudio Afonso | LinkedIn | X Swedbank AB disclosed in a filing on Tuesday that it added 1,187,310 shares of electric vehicle startup Nio to its portfolio, valued at over $5.34 each by the...
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Nio’s CHJ Limited Lends 2 Million Shares in Singapore Lending Program
Written by Cláudio Afonso | LinkedIn | X The electric vehicle maker Nio announced on Tuesday that its unit “CHJ Limited” is participating in the Singapore Exchange (SGX) Securities Lending Program....
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Nio to Report Q1 Earnings Results on June 6
Written by Cláudio Afonso | LinkedIn | X The electric vehicle maker Nio announced on Wednesday that it will report its unaudited financial results for the first quarter of 2024 on June 6, before the...
View ArticleBarclays Reiterates Xpeng’s Price Target Following Q1 Results
Written by Cláudio Afonso | LinkedIn | X Barclays analyst Jiong Shao reiterated on Wednesday the firm’s underweight rating on Xpeng shares while maintaining the $8.00 price target. The price target...
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Fisker Announces New Danish Dealer Partner to Accelerate Inventory Sales
Written by Cláudio Afonso | LinkedIn | X Electric vehicle startup Fisker announced on Instagram a new dealer partner in Denmark, expanding its sales network to sell the remaining inventory of its first...
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Fisker CEO to Break Silence with Appearance at ETAuto Summit
Written by Cláudio Afonso | LinkedIn | X Fisker Founder and CEO Henrik Fisker is set to participate in the Economic Times Auto Tech Summit on June 20-21. Over recent months, the chief executive has...
View ArticleStellantis CEO Critics US-Tariff Hikes, Says Price Battle Would be “Very Tough”
Written by Cláudio Afonso | LinkedIn | X Stellantis CEO Carlos Tavares said on Wednesday that a price battle with Asian EV makers would be “very tough” as Chinese manufacturers are on track to reach a...
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Fisker Cancels Direct Vehicle Sales in States Without Dealerships
Written by Cláudio Afonso | LinkedIn | X Henrik Fisker’s company, in an effort to reduce costs while negotiating a potential buyout deal, has decided to halt direct vehicle sales to customers in states...
View ArticleUS Startup Nxu Secures New Patent for Vehicle View Technology
Written by Cláudio Afonso | LinkedIn | X The U.S.-based technology company Nxu announced on Wednesday that it has secured a new patent for a novel methodology for capturing and displaying vehicle...
View ArticleVirtu Financial Buys Stake in Rivian, Adds Over 400,000 Shares
Written by Cláudio Afonso | LinkedIn | X Virtu Financial disclosed in a recent SEC filing that it acquired 404,875 shares of Rivian in the first quarter of the year. With the last closing price at...
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Nio to Enter UK “Probably Next Year”, Subbrands are Ready for RHD Markets
Written by Cláudio Afonso | LinkedIn | X At a media event in Amsterdam, Nio‘s founder and chief executive, William Li, announced on Thursday that the Shanghai-based electric vehicle manufacturer plans...
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Barclays Reiterates Rivian’s PT After Meeting with CFO and SVP Software
Written by Cláudio Afonso | LinkedIn | X Barclays analyst Dan Levy reiterated an Equalweight rating and $10.00 price target on Rivian shares this Thursday after meeting with the company’s CFO Claire...
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Rivian Offers New Discounts on R1 Models to Boost Inventory Sales
Written by Cláudio Afonso | LinkedIn | X Electric vehicle maker Rivian has announced on Thursday a series of new incentives aimed at boosting sales and clearing inventory of its 2023 and 2024 R1...
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Exclusive: Fisker Implements New Round of Layoffs
Written by Cláudio Afonso | LinkedIn | X Electric vehicle startup Fisker has initiated a new round of layoffs this week, affecting its IT organization, Purchasing department, and Customer Relations. In...
View ArticleTesla, Fisker, Rivian, and Other EV Brands to Participate in Electrify Expo...
Written by Cláudio Afonso | LinkedIn | X North America’s largest electric vehicle (EV) festival, Electrify Expo, will showcase nearly 40 electric cars from ten different brands, including Tesla,...
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Exclusive: Lucid Begins Layoffs with Only 12 Months of Cash Reserves Left
Written by Cláudio Afonso | LinkedIn | X Lucid Motors, the luxury electric vehicle startup, is cutting its workforce as part of a restructuring and cost reduction plan, according to what former...
View ArticlePolestar Shares Plummet 40% in 5 Trading Days As Filing Delay Continues
Written by Cláudio Afonso | LinkedIn | X Shares of Polestar have been steadily declining this year as the electric vehicle (EV) manufacturer adjusts its annual delivery guidance and misses multiple...
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Plug Power Files Prospectus for Potential Sale of Nearly 3.5 Million Shares
Written by Cláudio Afonso | LinkedIn | X Plug Power has filed on Friday a prospectus supplement relating to the potential resale of up to 3,461,371 shares of its common stock, a 8k filing revealed. The...
View ArticleFord Board Member Sells $1 Million in Company Shares
Written by Cláudio Afonso | LinkedIn | X Jon M. Huntsman Jr., a board member of Ford Motor Co, sold 81,234 shares of the company’s common stock on Friday, generating total proceeds of $982,200. The...
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Rivian Delays Deliveries in Washington State Due to Legal Restrictions
Written by Cláudio Afonso | LinkedIn | X In an email sent to reservation holders on Friday, Rivian announced delays in deliveries for customers in Washington state. The electric vehicle manufacturer...
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