"We think a large part of the rally was caused by a short squeeze as investors were caught being too negative on the group given Covid and competition concerns," said Deutsche Bank analyst Edison Yu's team.
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Volkswagen is in talks with Foxconn to build electric pickup trucks and SUVs for its Scout brand, according to a recent Reuters report. VW said in May that it would reintroduce the Scout name, which originated with the classic International Harvester Scout, one of the earliest SUVs. While that first Scout was just one model, VW envisions an entire...
Hyundai and battery supplier SK On are partnering to meet the new battery sourcing requirements of the Inflation Reduction Act (IRA). The IRA continues the $7,500 federal EV tax credit, but to qualify for the full amount, it stipulates that EVs and their battery packs must be assembled in North America, and certain minerals used in batteries must...
The BYD Seagull, which is expected to be launched in the second quarter of 2023, will be the first model with sodium-ion batteries and is expected to be priced as low as about $8,484, according to local media.
XPeng delivered better-than-expected third-quarter operating results, accompanied by a slightly better-than-feared outlook.
Ford on Wednesday confirmed that it’s already produced 150,000 of its Mustang Mach-E electric crossovers. The milestone highlights how much Ford has already accelerated production of the popular electric vehicle, which executives originally suggested was bound for 25,000 to 30,000 U.S. sales annually—with a total achievable volume of...
XPeng expects fourth-quarter deliveries of 20,000 to 20,100,000 units and expects fourth-quarter revenue of RMB 4.8 billion to RMB 5.1 billion.