NEW YORK (AP) — Europeans still aren’t buying Teslas (TSLA) with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now. Tesla sales fell 28% last month in 30 European countries even as the… Continue reading Europeans angry with Musk still aren’t buying his cars as Tesla sales drop for fifth month in a row
Author: Yarhow_Finance Online News
Facing global headwinds, Chinese automakers make a play for Africa
By Nqobile Dludla JOHANNESBURG (Reuters) -Chinese automakers are pushing to unlock Africa’s underdeveloped potential, with a focus on electric and hybrid vehicles, as restrictions on exports to the United States and Europe send them on a global quest for new markets. Though home to over a billion people, low incomes and high import duties have… Continue reading Facing global headwinds, Chinese automakers make a play for Africa
Foton to build truck plant in Saudi Arabia
Foton signs MoU with Petromin and Saudi Government officials. Beiqi Foton Motor Company is looking to produce commercial vehicles in Saudi Arabia in partnership with its local distributor, Petromin Corporation, as the Chinese truck-maker continues to expand its presence in markets across the Middle East and Africa. Foton, part of the Chinese state-owned BAIC Group,… Continue reading Foton to build truck plant in Saudi Arabia
Will NIO’s Q2 Sales Volume Rebound Stabilize Its Cash Flow?
NIO Inc.’s NIO cash outflow from operating activities rose to RMB 7.8 billion in 2024, up from RMB 1.38 billion reported in 2023. It experienced a further decline in its cash position in the first quarter of 2025, partly due to seasonal fluctuations in vehicle sales. Sales dropped to 42,000 units in the first quarter… Continue reading Will NIO’s Q2 Sales Volume Rebound Stabilize Its Cash Flow?
Xiaomi launches YU7, undercutting Tesla’s Model Y on price
By Qiaoyi Li, Che Pan and Brenda Goh BEIJING (Reuters) -Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla’s Model Y, stepping up the challenge to the U.S. firm in the world’s largest auto market. The YU7’s base model costs 10,000 yuan… Continue reading Xiaomi launches YU7, undercutting Tesla’s Model Y on price
Must-Watch EV and AV Stocks to Supercharge Your Portfolio
An updated edition of the March 13, 2025 article. Electric and autonomous vehicles are no longer just the future—they’re quickly becoming the present. Per BloombergNEF, global electric vehicle (EV) sales are expected to hit nearly 22 million this year, a sharp 25% jump from last year. One in every four cars sold this year will… Continue reading Must-Watch EV and AV Stocks to Supercharge Your Portfolio
Is It Time to Buy BYD Before Its Next Ambitious Move?
As if by magic, BYD (BYDDY -2.70%) has swiftly, smoothly, and soundly taken over China’s electric vehicle (EV) industry. It surpassed Tesla in 2024 to become the world’s largest EV manufacturer by sales, and the automaker isn’t pumping the brakes. For BYD’s next magic trick, it’s about to make a big push into Europe. But is… Continue reading Is It Time to Buy BYD Before Its Next Ambitious Move?
EACON Mining Technology Raises Over US$55 Million.
BEIJING, June 25, 2025 /CNW/ — EACON Mining Technology Co Ltd secured over US$55M in Series D funding to accelerate global expansion, with a focus on strengthening operations in the Australian market. The round was led by CATL through its investment arm CATL Capital, the world’s largest EV battery manufacturer and a major supplier to Tesla,… Continue reading EACON Mining Technology Raises Over US$55 Million.
European Stocks That May Be Trading Below Estimated Value In June 2025
As European markets navigate the complexities of geopolitical tensions and economic shifts, indices such as the STOXX Europe 600 have experienced declines, reflecting broader concerns. In this environment, identifying stocks that may be trading below their estimated value can provide investors with opportunities to potentially benefit from market inefficiencies. Name Current Price Fair Value (Est)… Continue reading European Stocks That May Be Trading Below Estimated Value In June 2025
Eaton Transforms Retired Coal-Fired Power Plant Into Critical Grid Reliability Asset
Turnkey synchronous condenser conversion project will utilize decommissioned generation assets to improve grid stability PITTSBURGH, PA / ACCESS Newswire / June 25, 2025 / Intelligent power management company Eaton is working with Tennessee Valley Authority (TVA) to repurpose its retired Bull Run Fossil Plant in Clinton, Tennessee into a critical asset supporting reliable and clean… Continue reading Eaton Transforms Retired Coal-Fired Power Plant Into Critical Grid Reliability Asset