NIO Inc. Provides December, Fourth Quarter and Full Year 2021 Delivery Update

Company Achieved New Quarterly Record and Delivered a Total of 91,429 Vehicles in 2021 NIO delivered 10,489 vehicles in December 2021, increasing by 49.7% year-over-year NIO delivered 25,034 vehicles in the three months ended December 2021, increasing by 44.3% year-over-year NIO delivered 91,429 vehicles in 2021 in total, increasing by 109.1% year-over-year Cumulative deliveries of… Continue reading NIO Inc. Provides December, Fourth Quarter and Full Year 2021 Delivery Update

Why Nio Stock Dropped the Last Day of 2021

Reuters China to cut new energy vehicle subsidies by 30% in 2022 BEIJING (Reuters) -China will cut its subsidies on new energy vehicles (NEV), such as electric cars, by 30% next year, the Finance Ministry said on Friday. The Ministry said on its website the 2022 NEV subsidies policy will terminate on December 31, 2022,… Continue reading Why Nio Stock Dropped the Last Day of 2021

Tata Motors domestic sales up 24% to 66,307 units in December

New Delhi: Auto major Tata Motors on Saturday reported a growth of 24% to 66,307 units in its domestic sales in December 2021. The company had sold 53,430 units in December 2020. In the passenger vehicle segment, the automaker witnessed 50% growth to 35,299 units in December 2021, as against 23,545 units in December 2020.… Continue reading Tata Motors domestic sales up 24% to 66,307 units in December

Commodities notch their best year since financial crisis rebound

As 2022 dawns, though, there are growing doubts about how far commodities can keep rising as a projected slowdown in economic growth, especially in China, and a rebound in supplies will likely weigh on prices. Commodities surged the most in over a decade this year as a rebound in demand from pandemic lockdowns was met… Continue reading Commodities notch their best year since financial crisis rebound

World NM: Tesla Recalls 675,000 Cars in U.S., China001700

Tesla has recalled 675,000 cars in the United States and China over issues with the trunk and front hood of two models, raising new questions about the safety of the popular electric vehicle. The problems with the trunk and hood increase the risk of crashes. An issue with the latch assembly for the front hood… Continue reading World NM: Tesla Recalls 675,000 Cars in U.S., China001700

Stellantis CEO: Speeding Up EV Transition Is “Beyond The Limits” Of What Auto Industry Can Sustain – CleanTechnica

In an interview at the Reuters Next conference, Stellantis CEO Carlos Tavares said that the costs of speeding up the transition to EVs are “beyond the limits” of what the auto industry can sustain. Tavares was discussing how governments and investors want automakers to speed up the transition to electricity and shared how difficult this… Continue reading Stellantis CEO: Speeding Up EV Transition Is “Beyond The Limits” Of What Auto Industry Can Sustain – CleanTechnica

CEO Mary Barra says making ventilators changed GM’s culture – Autoblog

DETROIT — The CEO of General Motors said Thursday that the automaker learned valuable lessons last year when it stepped in to boost emergency production of ventilators to treat severely ill COVID-19 patients. The company was able to help a small West Coast ventilator maker start large-scale production in about a month. That gave GM… Continue reading CEO Mary Barra says making ventilators changed GM’s culture – Autoblog

RIL plans to raise up to USD 3 billion via overseas bonds

Mumbai: Reliance Industries plans to raise up to USD3 billion via overseas bond sales, which would be the largest offshore raising by an Indian borrower in one go, people familiar with the matter told ET. The bond sale is expected to be launched in the next two weeks. The proceeds would be used to refinance… Continue reading RIL plans to raise up to USD 3 billion via overseas bonds

Hyundai built an air purifier out of recycled Ioniq 5 EV parts

Every car is the result of a long development process in which automakers build many pre-production vehicles that never see the light of day. Rather than scrapping one of its Ioniq 5 test vehicles entirely, Hyundai repurposed the car’s parts to make an air purifier. According to a YouTube video description, the model “went through… Continue reading Hyundai built an air purifier out of recycled Ioniq 5 EV parts