Latest Stories
- Lucid CFO Says PIF Sees EV Maker as a Financial and Domestic Priority
- BofA Raises Nio’s Price Target After First Profitable Quarter, Keeps Neutral Rating
- BYD Eyes Formula 1 and Le Mans Entry as Part of Brand Awareness Push: Report
- Three Chinese Automakers Confirmed for Canada Entry by Year-End
- Tesla Semi Clocks 1.64 kWh/Mile Across 4,700 Miles in First-Gen Test
Volkswagen Group to Slash 50,000 Jobs by 2030 as Profit Nearly Halves
Volkswagen Group announced on Tuesday that it plans to cut 50,000 jobs by 2030 as the German giant’s profit nearly halved in 2025.
Nio CEO Teases Automotive Customers for New Chip Designed for Broader Use
Nio’s founder and chief executive officer disclosed on Tuesday that the company’s semiconductor subsidiary has completed tapeout on a second chip product and is preparing it for mass production.
Nio CFO Says Vehicle Margin to Hold in Q1 as ES8 Drives Product Mix
Nio’s chief financial officer said on Tuesday that the company expects to maintain its vehicle gross margin at roughly the same level in the first quarter of 2026 as in the fourth quarter of 2025.
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