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Zeekr’s Weekly Registrations Rebound to 3,600 Units
Written by Cláudio Afonso | LinkedIn | X Zeekr, one of the EV brands under Geely Holding Group, registered 3,600 vehicles in China between February 10 and 16, marking a 50% increase from 2,400 units...
View ArticleOnvo and Ex-Employee Reach Settlement Following Social Media Apology
Written by Cláudio Afonso | LinkedIn | X In mid-January, Nio’s sub-brand Onvo faced allegations on Chinese social media of pressuring employees to purchase the L60 SUV through an internal program....
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Japan’s Largest Brokerage Firm Discloses 9.3% Stake in Nikola in Q4
Written by Cláudio Afonso | LinkedIn | X Nomura Holdings disclosed in its latest quarterly portfolio update that it acquired a 9.3% stake in hydrogen and electric truck maker Nikola during the final...
View ArticleTrump Plans Auto Tariffs To Be Around 25%, Decision Expected April 2
Written by Cláudio Afonso | LinkedIn | X U.S. President Donald Trump said on Tuesday he plans to impose tariffs of around 25% on imported automobiles, with a final decision “probably” to be...
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Nikola Adjusts Controversial Recall Reporting to Align With NHTSA Rules
Written by Cláudio Afonso | LinkedIn | X EV maker Nikola has updated its quarterly recall report filed with the National Highway Traffic Safety Administration (NHTSA), now reporting cumulative figures...
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EV Maker Nikola Files For Chapter 11 Bankruptcy
Written by Cláudio Afonso | LinkedIn | X Nikola filed on Wednesday for Chapter 11 bankruptcy in Delaware. Shares of the Phoenix-based EV maker had been halted early Wednesday after having surged 6% in...
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Regulatory Filings Reveal Nio’s Updated ET5, ET5T, ES6, and EC6 Designs
Written by Cláudio Afonso | LinkedIn | X As reported earlier this month, electric vehicle maker Nio is preparing to introduce refreshed versions of four of its models over the coming months. China’s...
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Nio Denies Rumors of 50% Workforce Reduction
Written by Cláudio Afonso | LinkedIn | X EV maker Nio denied on Wednesday it is laying off 50% of its workforce with an N+1 compensation plan. The rumor started circulating on Chinese social media...
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Onvo’s Second EV Model Spotted in Testing [Video]
Written by Cláudio Afonso | LinkedIn | X Onvo, the sub-brand of the EV maker Nio, has started road-testing its second model in China. The SUV will be launched in the third quarter of the year while...
View ArticleNikola Founder Trevor Milton Reacts to Bankruptcy Filing, Attacks CEO
Written by Cláudio Afonso | LinkedIn | X Nikola filed for Chapter 11 bankruptcy in Delaware on Wednesday, stating it expects to cease operations by the end of March and sell its intellectual property....
View ArticleNio CEO On Layoffs Rumor: Useful Info ‘Definitely Pays More Than Being a Troll’
Written by Cláudio Afonso | LinkedIn | X Chinese electric vehicle maker Nio has denied social media rumors claiming it is laying off 50% of its workforce with an N+1 compensation package, calling the...
View ArticleD.E. Shaw Becomes One of Lucid’s Largest Shareholders, Adds 14M Shares in Q4
Written by Cláudio Afonso | LinkedIn | X Hedge fund D.E. Shaw added 14.83 million shares of EV maker Lucid Motors late last year, closing 2024 with more than 24.4 million shares, a stake valued at...
View ArticleTesla Accelerates Expansion into India, Plans to Begin Sales ‘Around Q3’
Written by Cláudio Afonso | LinkedIn | X In June 2023, Tesla CEO Elon Musk said that “a significant investment and relationship with India” were “quite likely” in the future. Less than a year later,...
View ArticleRenault Weighs Russian Market Return Amid Trump-Zelensky Tensions
Written by Cláudio Afonso | LinkedIn | X French automaker Renault is considering reopening sales in Russia, CEO Luca de Meo told the Financial Times on Thursday. Renault was among several car...
View ArticleBYD Pays Nearly $140k for Key Tip on Organized PR Smear Campaigns
Written by Cláudio Afonso | LinkedIn | X Chinese automaker BYD said on Thursday it has received new evidence and leads related to coordinated “black PR” and “black media” activities targeting the...
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Rivian Reports First Quarterly Gross Profit, Expects to Deliver 46k-51k EVs...
Written by Cláudio Afonso | LinkedIn | X EV maker Rivian reported on Thursday its fourth quarter earnings results posting a jump of 31.8% in total revenue while losses decreased to $661 million....
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Rivian Expects Fewer Amazon Van Deliveries in 2025
Written by Cláudio Afonso | LinkedIn | X EV maker Rivian reported its fourth-quarter earnings on Thursday, posting its first-ever quarterly gross profit of $170 million. The company cited improvements...
View ArticleTesla Stops Selling Model Y ‘Launch Series’ in Europe, Regular Versions Now...
Written by Cláudio Afonso | LinkedIn | X Tesla has halted sales of the limited-edition “Launch Series” Model Y in several European countries and introduced a standard lineup, according to its website....
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Onvo’s Chief Says Second EV Model Will Be Named L90, Sales Start in Q3
Written by Cláudio Afonso | LinkedIn | X Onvo, the sub-brand of the EV maker Nio, is gearing up to release two SUVs later this year and the first one will be named L90, the brand’s chief Alan Ai...
View ArticleNio Reports Fire at Battery Swap Station Caused by Roof Lighting Issue [Video]
Written by Cláudio Afonso | LinkedIn | X A fire broke out on Friday morning at a Nio battery swap station in Shenyang, northeastern China, damaging a vehicle but causing no injuries. In a statement,...
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