Indi EV
American EV-startup
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business 2024-05-10 02:00
EV market faces challenges as private sales decline and 2024 expectations are revised - Private sales of electric vehicles are falling, leading to a downgrade in sales expectations for 2024.
- The UK automotive sector is revising its forecasts, expecting electric cars to make up less than one-fifth of the market.
- The EV market is encountering hurdles, but experts believe it's not a roadblock to mainstream adoption.
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business 2024-05-09 14:30
Lucid exceeds revenue forecasts in Q1 despite stock decline - Lucid Group reported first-quarter revenue above analysts' estimates at $172.7 million.
- Despite a stock decline, the company is on track for the debut of its Gravity SUV in late 2024.
- Investor concerns over EV demand and the company's cash position remain at the forefront.
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business 2024-05-06 19:44
Nio to Introduce First Mass-Market Car in May, Executive Confirms - Nio, the Chinese premium electric vehicle maker, is set to unveil its first mass-market car in May.
- The new EV will be launched under the sub-brand Onvo, targeting competition with the Tesla Model Y.
- This move marks Nio's expansion into the mass-market segment with high ambitions in the electric vehicle industry.
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