Lotus Technology has a market capitalization of $9.3 billion, higher than Xpeng's $8.1 billion and slightly lower than Nio's $11.2 billion.
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Lithium supply may soon exceed demand for use in EV batteries, potentially bringing price parity with internal-combustion vehicles later this decade, according to a new study from the International Council on Clean Transportation (ICCT). New emissions rules proposed by the EPA are expected to boost EV sales to 67% of total U.S. new-car sales by...
Mercedes-Benz is delaying an EV sales target that would have seen the automaker go all-electric in at least some markets by 2030, Reuters reports. The automaker told investors Thursday that it now expects EVs and hybrids to account for up to 50% of its sales by 2030. In 2021 Mercedes said it aimed to hit the 50% sales target in 2025, and sell only...