Category: eV

Dispute with Karma gets in the way of Lordstown bankruptcy

Lordstown EnduranceBankrupt Lordstown Motors must face a trial over fellow EV firm Karma Automotive's claim that the Ohio-based automaker stole infotainment technology, Reuters reported Thursday. Lordstown filed for bankruptcy in June and had asked U.S. bankruptcy Judge Mary Walrath in Wilmington, Delaware, to approve bidding procedures that would allow the company...

Morgan Stanley raises price targets on Chinese EV trio, sees potential re-rating opportunities

Morgan Stanley raised its price target on Nio to $18.7, on Xpeng to $25.4, and on Li Auto to $53, all keeping their ratings at Overweight.

The post Morgan Stanley raises price targets on Chinese EV trio, sees potential re-rating opportunities appeared first on CnEVPost.

For more articles, please visit CnEVPost.