Buick, Dodge and Chevrolet topped the list while Volvo, Chrysler and Polestar landed in the bottom three. Go to Source
Author: CNBC Online news
Chinese electric vehicle maker Li Auto to raise $2B from U.S. investors in a new stock offering
Li Auto is raising $2 billion via an “at-the-market” offering to fund new models and technologies Go to Source
Tencent wants to be foreign automakers’ go-to company for tech in China’s electric car market
Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s EV market. Go to Source
Polestar becomes latest electric vehicle maker to go public via SPAC merger
Polestar’s SPAC deal has closed, and it now plans an aggressive global expansion. Go to Source
Ford CEO’s bold move to close a money-losing plant bodes well for long-term stock holders
We believe this change will be meaningful to long-term earnings, and it shows how Ford CEO Jim Farley is taking no prisoners on his drive to profitability. Go to Source
China’s electric vehicle battery supply chain shows signs of forced labor, report says
There are indications that Chinese companies that produce raw materials for EV batteries use forced labor, according to The New York Times. Go to Source
How the massive EV transition is starting in the car rental industry
Led by Hertz and Tesla, the race is on in the rental car industry to transition to EVs. Go to Source
Elon Musk had a bad week
In what’s been a particularly eventful year for Elon Musk, this was a decidedly rough week. Go to Source
GM is raising the price of its electric Hummer starting this weekend
GM is increasing the price of its EV Hummer by $6,250. Go to Source
Cost to finance a new car hits a record $656 per month — and auto shoppers could pay even more with latest Fed rate hike
As interest rates head higher and auto prices remain elevated, monthly payments are expected to continue squeezing consumers’ budgets. Go to Source