Search Results for: NIO

Tesla Inc. (NASDAQ: TSLA) may be the most prominent player in the young electric vehicle (“EV”) sector, but there are plenty of EV makers scrambling to snatch the top spot away from the Palo Alto, California-based EV maker. One of Tesla’s major competitors is Chinese firm NIO Inc. (NYSE: NIO), which has been dubbed by … Continue reading “NIO Inc. (NYSE: NIO) Looks Overseas for Growth Opportunities”

With the age of the internal combustion engine drawing to a close, the nascent electric vehicle (“EV”) industry has seen fierce competition. While Tesla has emerged as the top EV maker in the world, EV startups such as Rivian are giving Tesla a run for its money. Legacy automakers haven’t been left behind, with most … Continue reading “General Motors (NYSE: GM)’s Investment in Mexican EV Plant Rubs US Union the Wrong Way”

A senior government official has urged President Joe Biden to take steps and prevent cheap Chinese electric vehicles from proliferating the nascent American electric vehicle sector. Chinese EVs are significantly more affordable compared to similar offerings from Western carmakers, thanks to massive subsidies from Beijing. Billions of dollars in government funding have allowed carmakers in … Continue reading “More People Implore Biden to Lock Out Chinese EVs from US Market”

EV deliveries by electric vehicle production giant Tesla fell for the first time in almost four years during a disastrous first quarter that saw the Texas-based automaker fall short of performance estimates from Wall Street. With competition in the electric vehicle space heating up by the day despite slowing demand for EVs, Tesla’s Q1 sales … Continue reading “Tesla Deliveries Decline in Q1, a First in Several Years”

The Biden administration has unveiled the strictest vehicle exhaust emissions limits in North America’s history to encourage the accelerated development and adoption of battery electric cars. Last week, the U.S. Environmental Protection Agency (EPA) announced the finalized national pollution standards for medium-duty vehicles, light-duty trucks and passenger cars developed from the year 2027 to 2032 … Continue reading “US Announces Strict Emissions Limits for Cars in Move Boosting EVs”

President Joe Biden has ordered a probe into the potential national security risks posed by “connected vehicles” made in China. In a move that marks the latest escalation in a trade war between the two nations, Biden’s administration is tasking the U.S. Commerce Department with investigating whether Chinese-manufactured connected vehicles threaten national security. According to … Continue reading “Biden Orders Probe into Potential National Security Risks of China-Sourced ‘Connected Vehicles’”

American tech giant Apple has reportedly shelved its secret plans to develop a self-driving electric vehicle for the nascent EV industry. The company has spent the past 10 years working on the ambitious Project Titan, but multiple reports say Apple is now turning its attention to artificial intelligence (AI) technology. Apple is estimated to have … Continue reading “Apple Pulls Plug on Self-Driving EV Plans”

Data from the European Automobile Manufacturers’ Association (ACEA) has revealed that drivers in the European Union registered 92,741 battery electric vehicles (BEVs)  last month. The share of BEVs in Europe increased from 9.5% in January 2023 to 10.9% last January, representing a year-over-year increase of 28.9%. However, an influx of cheaper electric cars into the … Continue reading “EV Sales in Europe Surged 29% in January, Auto Association Reveals”

A recent New York Times report has revealed that the Biden administration may loosen some of its electrification plans. Citing three people familiar with the plan, the NYT report noted that the administration intends to relax its electrification plans as a concession to labor unions and automakers. According to the report, the Biden administration will … Continue reading “Report Suggests Biden Administration Could Slow EV Transition”