Some storm clouds are appearing on the horizon for Tesla bulls after a respectable second quarter. “The elephant in the room for Tesla (and the broader market) is with dark economic storm clouds on the horizon and Musk himself thinking recession risk is imminent, what does this mean for Tesla’s demand story going forward?” Wedbush… Continue reading ‘The elephant in the room for Tesla,’ according to WedBush’s Dan Ives
Category: Automotive
NIO, XPeng (XPEV), Li Auto (LI) Issue June, Q2 Delivery Updates
The three major China-based smart electric vehicle (EV) companies, NIO Inc. NIO, Li Auto LI and XPeng Inc. XPEV, recently announced their respective delivery updates for June and second-quarter 2022. NIO delivered 12,961 vehicles in June 2022, marking an increase of 60.3% year over year. The deliveries consisted of 1,684 ES8s, 5,100 ES6s, 1,828 EC6s,… Continue reading NIO, XPeng (XPEV), Li Auto (LI) Issue June, Q2 Delivery Updates
Did Tesla Lose the EV Crown? Here’s What to Know.
Warren Buffett-Backed BYD sold more cars than Tesla during the first six months of the year, but that doesn’t mean it’s sold the most battery-only electric vehicles. By comparison, Tesla (TSLA) delivered almost 565,000 vehicles in the first half of the year. In the second quarter, Tesla delivered 254,695 cars, a drop of 18% compared… Continue reading Did Tesla Lose the EV Crown? Here’s What to Know.
5 Best Chinese Stocks: Two EV Makers Near Buy Points After Booming Sales
TipRanks Seeking at Least 11% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy The first half ended last week, and the S&P 500 is now firmly stuck in a bear. The rapid change from record high levels at the end of last year, to a 20%+ drop in these past six months has pummeled… Continue reading 5 Best Chinese Stocks: Two EV Makers Near Buy Points After Booming Sales
Automotive In-wheel Motor Market Size to Grow by 476.47 thousand units | Daimler AG and ECOmove GmbH Among Key Vendors | Technavio
NEW YORK, July 5, 2022 /PRNewswire/ — In-wheel motor is a type of drive system that is used in electric vehicles, wherein electric motors are fitted at the wheel hub for direct power transmission. This type of motor is also known as hub motor and is significantly used in electric two-wheelers. The automotive in-wheel motor market… Continue reading Automotive In-wheel Motor Market Size to Grow by 476.47 thousand units | Daimler AG and ECOmove GmbH Among Key Vendors | Technavio
AWP, Backed By Kohlberg & Co., Expands U.S. Footprint into Pacific Northwest with Acquisition of Northwest Traffic Services
NORTH CANTON, Ohio, July 5, 2022 /PRNewswire/ — Area Wide Protective (“AWP”), America’s leading provider of traffic control services that support infrastructure upgrades and expansion, has entered an agreement to acquire Northwest Traffic Services, a traffic control company and traffic sign manufacturer based in Boise, Idaho. Northwest Traffic Services joins AWP and its family… Continue reading AWP, Backed By Kohlberg & Co., Expands U.S. Footprint into Pacific Northwest with Acquisition of Northwest Traffic Services
Electric Car Market Size to Reach USD 597340 Million by 2028 with a CAGR of 25.3% | Valuates Reports
BANGALORE, India, July 5, 2022 /PRNewswire/ — The Global Electric Car Market is Segmented by Type (PHEV, BEV), by Application (Home Use, Commercial Use): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Autos & Vehicles Category. Due to the COVID-19 pandemic, the global Electric Car market size is estimated to be worth USD… Continue reading Electric Car Market Size to Reach USD 597340 Million by 2028 with a CAGR of 25.3% | Valuates Reports
CP to report second-quarter 2022 earnings results on July 28, 2022
CALGARY, AB, July 5, 2022 /PRNewswire/ – Canadian Pacific (TSX: CP) (NYSE: CP) will release its second-quarter 2022 financial and operating results at 8 a.m. ET (6 a.m. MT) on July 28, 2022. CP will discuss its results with the financial community in a conference call beginning at 8:30 a.m. ET (6:30 a.m. MT) on… Continue reading CP to report second-quarter 2022 earnings results on July 28, 2022
Orbis Brakes debuts revolutionary brake technology — and the surprising environmental benefits
Although considered the most important part of any car or truck, brakes have not seen a significant disruption since the introduction of carbon-ceramic brakes 20 years ago. Orbis had been pioneering a design innovation that would cool brakes more efficiently when a NASA engineer offered his agency’s heat-dissipation expertise. The partnership resulted in the patented… Continue reading Orbis Brakes debuts revolutionary brake technology — and the surprising environmental benefits
FullSpeed Automotive® Shows Major M&A Midyear Growth Including Acquisition of Kwik Kar®
Leader in Automotive Aftermarket Repair Facilities Completed Eight Acquisitions and Adds a Third Major Brand in First Half of 2022 GREENWOOD VILLAGE, Colo., July 5, 2022 /PRNewswire/ — FullSpeed Automotive®, which is among the nation’s largest franchisors and operators of automotive aftermarket repair facilities and home to flagship brands Grease Monkey® and SpeeDee Oil Change… Continue reading FullSpeed Automotive® Shows Major M&A Midyear Growth Including Acquisition of Kwik Kar®