Nio is considered one of the most dangerous of the Chinese car attackers. Beautiful vehicles that perform brilliantly in tests and act as serious competitors for Mercedes, BMW or Audi. In Germany, “Nio” still stands for: “Nothing is okay”. The sales figures are weak, and one problem follows the next. The manufacturer has just announced the departure of Ralph Kranz (51), the German boss who is valued in the industry. Our research shows: It’s not the only thing that works. The signs point to a storm
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Within four years, Nikola changed bosses four times, most recently ex-Opel boss Michael Lohscheller (54) leaving in August. Truck production has barely been running to date and the company is almost a penny stock on the stock market. Nikola is particularly hard hit by allegations of fraud against founder Trevor Milton (41). He misled investors with false information about the trucks. The story is now enriched by another chapter: an arbitration court condemned Milton, $165 million in damages
to be paid to Nikola.
Deep Drive: German OEMs and the electric car
Are they getting going now? According to Strategy&
study, German car manufacturers increased sales of electric vehicles disproportionately in the first nine months of 2023. 63 percent growth, significantly more than the overall market. According to study author Felix Kuhnert, the Germans are reporting “back with bold and technically excellent models“. However, the gap to the market leaders remains large, especially in China. VW, BMW, Mercedes and Co. have sold around 200,000 electric cars there so far in 2023. Tesla sold the Model Y alone almost 280,000 times.
Laurin Hahn (29) and Jona Christians (30) had to fulfill their dream of the Sion solar car. burst in February, Sono Motors reported in May bankruptcy. To the founders opinions differ
: Some see them as thwarted pioneers of the new mobility, others accuse them of defrauding their donors. It now seems clear that Sono has no future as a supplier of solar panels for vehicles. According to one SEC filing
The search for investors was unsuccessful and all remaining employees were laid off.
I wish you an eventful week.
Kind regards, Christoph Seyerlein
Do you have any wishes, suggestions or information that we should take care of journalistically? You can reach my colleagues in the Mobility team and me at manage.mobility@manager-magazin.de
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