On Friday, Tesla stock spiked over 7.4% early in the trading session and is now up 5%, leading the rise in NASDAQ 100 index components. The stock is in its 11th consecutive trading day of gains, with a cumulative increase of over 38% in 11 days.
As new energy vehicle brands continue to announce their April delivery results, a growing divide is becoming apparent among emerging automakers. Li Auto has managed to surpass both NIO and XPeng in deliveries last month, while traditional automakers' new energy brands are steadily growing, gradually chipping away at the market share of the newcomers.
Global electric vehicle pioneer Tesla has been frequently adjusting the prices of its electric cars, and on Monday, it raised the prices of its two best-selling models.
Chinese electric vehicle manufacturer BYD (002594.SZ) has reduced the starting price of its Seagull hatchback by 6.3%, now starting at 73,800 yuan ($10,658.89), as displayed on the company's website. The vehicle received considerable attention at the Shanghai auto show, where it was initially advertised at 78,800 yuan - half the cost of the most affordable new energy vehicles on the market.
At the Shanghai auto show this week, a bright yellow hatchback named "Seagull" attracted huge crowds. Developed by China's largest electric vehicle (EV) maker, BYD, the affordable Seagull is priced at 78,000 yuan ($11,300), approximately half the cost of other new energy vehicles available in the market.
Ford Motor announced on Tuesday that it will invest approximately $1.3 billion (1.8 billion Canadian dollars) in its Oakville Assembly Plant in Ontario, Canada, to convert the facility into a cutting-edge electric vehicle (EV) manufacturing hub.
China Evergrande New Energy Vehicle Group Ltd, the electric vehicle (EV) subsidiary of the troubled China Evergrande Group, warned on Thursday that it might have to cease production if it cannot secure new funding.
One of the worst things that can happen to your budget is an unexpected car repair. If you're not careful, it's easy to overspend on repairs. Here are a few tips to help you avoid overpaying for car repairs:
The automotive industry is changing, and while at first people assumed the changes might take decades to even show up, things are happening faster than people imagined. It is not long back when the most a car would have would be a CD player and that would be considered cutting-edge technology.