Fisker’s Bankruptcy Leaves Investors Asking Hard Questions About EV Viability
EV manufacturer Fisker filed for bankruptcy due to cash flow and manufacturing issues. Other EV makers like Tesla, Rivian, and Lucid may also face challenges.
Nio In Diversification Drive As It Tries To Stem Its Flood Of Red Ink
Key Takeaways:
Nio’s loss widened 9.5% year-on-year in the first quarter to 5.26 billion yuan
The company focuses on higher-end electric vehicles, but plans to tap the middle and lower parts of the market with the launch of two new brands
By Lau Chi Hang
Elon Musk’s ‘Super Difficult’ Tesla Goal, Fisker’s Troubles Just Got Worse, Faraday Future Eyes Affordable Segment And More: Biggest EV Stories Of The Week
The precarious state of the EV market was highlighted once again as Arrival plc announced its filing for bankruptcy in a Luxembourg court.
Bain Partner Warns Chinese EV Makers: Price Wars Abroad Could Jeopardize Product Quality And Brand Reputation, Urges Focus On Long-term Strategy
A Bain & Co. partner has cautioned that the ongoing price wars among Chinese electric vehicle manufacturers in overseas markets could potentially raise doubts about the quality of their products.
Fresh EU Tariffs Could Slow Down Tesla Chinese Rivals, But Warren Buffett-Backed BYD ‘Can Profitably Export Even At A 35% Tariff,’ Says Expert
The European Union has introduced new tariffs on electric vehicles manufactured in China, a move that could pose challenges for Chinese automakers. However, companies like BYD are expected to remain competitive.
What’s Going On With Chinese EV Stocks Nio, Li Auto, XPeng On Wednesday?
Brussels to impose tariffs on Chinese EVs, affecting BYD, SAIC, and Tesla. EU plans up to 25% duties to counter subsidies. Chinese EV stocks drop.
Tesla Chair’s Ultimatum On June 13, Rivian Refreshes R1 Lineups, Nikola Gets Green Light For Reverse Split And More: Biggest EV Stories Of The Week
EV makers continue to nurse the wounds inflicted by an inclement economy and are plotting strategies to navigate the storm.
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Nio Provides A Glimmer Of Hope With Margin Improvements And Optimistic EV Delivery Outlook
On Thursday, Nio Inc (NYSE: NIO) issued its unaudited first fiscal quarter results that showed its financials were hurt by promotional activity and the price war Tesla Inc (NASDAQ: TSLA) ignited, as loss widened despite improved margins.
What’s Going On With Chinese EV Maker Li Auto Shares Tuesday?
Li Auto reportedly implements significant sales and delivery process changes amid ongoing team restructuring, aiming to align goals and enhance sales performance.