Factories in two of economic hubs have mostly resumed work as the impact of Covid subsides, said China’s Ministry of Industry and Information Technology. Go to Source
Author: CNBC Online news
BYD is selling so many electric cars it’s become one of the top three automakers in China
BYD’s growing sales for various models have helped the company climb into the ranks of the top three brands in China by passenger car sales so far this year. Go to Source
GM’s stock closes below IPO price for first time since October 2020
GM’s stock closing below the $33 a share IPO price from November 2010 occurred hours after the company’s annual shareholder meeting. Go to Source
CEOs of GM, Ford and other automakers urge Congress to lift electric vehicle tax credit cap
The executives say the tax credit is critical to keep the vehicles affordable as production and commodity costs rise. Go to Source
EV start-up Electric Last Mile Solutions plans to declare bankruptcy a year after going public
The Michigan-based start-up will move to liquidate less than a year after it went public. Go to Source
Tesla fires Singapore country manager after Elon Musk warns of job cuts
Tesla CEO Elon Musk recently told employees about plans to reduce salaried head count by 10%. Go to Source
Chinese automakers want to bring assisted driving to the masses
As Chinese companies race for a slice of the world’s largest car market, they’re betting heavily on assisted driving technology. Go to Source
QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting
A run in QuantumScape’s stock at the end of 2020 gave the solid-state battery maker a $54 billion valuation. But the hype appears to have all but dried up. Go to Source
Tesla files for 3-for-1 stock split
Tesla plans a 3-for-1 stock split, and Elon Musk now holds 23.5% of shares. Go to Source
It’s not Apple or Tesla, but Inrix has data from 500 million vehicles taking transportation into the future
Inrix is a transportation software company working on a world of autonomous vehicles and zero accidents, zero fatalities and carbon neutrality. Go to Source