Toyota Motor Corp. TM 0.26% , Honda Motor Corp. and Samsung Electronics Co. He said supply chain problems were complicating their businesses as abnormal weather, port blockades and the ongoing impact of …
Read More »Tesla faces a race with Volkswagen as the German car giant targets battery costs and new gigafactories
The race to dominate the electric vehicle industry may get tighter as Volkswagen, the German car giant and Tesla’s looming rival, unveiled plans Monday to lower the cost of batteries and operate …
Read More »Billions were invested in electric vehicle companies, but much more will be needed before the auto industry changes.
Wall Street and Silicon Valley invested billions of dollars in electric vehicles and related companies in 2020, betting on their future dominance and, in many cases, driving valuations that have little bearing …
Read More »Lucid, long before SPAC, promised to build a car plant in Saudi Arabia
Electric car startup Lucid Motors Inc. has an undisclosed commitment to build an assembly plant in Saudi Arabia, a potentially expensive promise the company made after accepting more than $ 1 billion …
Read More »Tesla’s market share in Europe continues to decline as China regains top spot in the global electric vehicle race
Tesla’s share of the critical European battery electric vehicle market collapsed in the first month of 2021, and China has taken Europe’s first place in the electric vehicle race, according to new …
Read More »Fisker’s earnings don’t matter. More ocean reserves and a new model.
Text size Orders for the Fisker Ocean electric sport utility vehicle are piling up. / (SUV) on display at CES 2020 in Las Vegas, Nevada Bridget Bennett / Bloomberg Electric vehicle maker …
Read More »Lucid Motors finally confirms the deal with SPAC, and shares are sinking
After weeks of spiking share prices in a blank checking company rumored to be targeting the takeover of electric vehicle company Lucid Motors, the two sides officially announced a deal Monday afternoon …
Read More »Lucid will not confirm that it is merging with Churchill. The SPAC is up 30% anyway.
Text size Lucid plans to target the higher end of the auto market. Courtesy of Lucid Motors The potential merger between the special purpose acquisition company Churchill Capital Corp IV and electric …
Read More »How automakers collided with the global chip shortage
Executives at automakers like Volkswagen AG and General Motors Co. were upbeat about the industry’s recovery in early fall. Demand was recovering from pandemic lows, and its factories were humming again. Then …
Read More »Fisker and QuantumScape Join Morgan Stanley’s Buy List
In another sign that Wall Street is keeping its sights firmly on electric car makers and adjacent companies, Morgan Stanley began hedging shares in Fisker Inc. and several others. Fisker FSR shares, …
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