Simplex Trading reduced its stake in Nio by 38.95% in the fourth quarter, while sharply cutting its options positions in the Chinese premium EV maker, according to a regulatory filing published Wednesday.
Lucid Motors has halted deliveries of its Gravity SUV due to a defective middle seat component that requires replacement, according to a customer awaiting delivery in Florida.
Capital International Investors, a division of the $3 trillion asset manager Capital Group, increased its stake in Rivian by 13.2% in the fourth quarter, according to a regulatory filing published Tuesday.
Nio has shortened the estimated delivery time for its ES8 sport utility vehicle (SUV) to 8-9 weeks, as production appears to be catching up with — and potentially outpacing — new orders.
A Lucid Gravity robotaxi equipped with Nuro's autonomous driving technology was spotted on public roads in Santa Clara, California, as the program moves from closed-track testing to real-world validation.
Norway's sovereign wealth fund acquired shares in Lucid Motors for the first time since the EV maker went public in mid-2021, part of its major push into automotive investments during the fourth quarter.
BYD signed a sponsorship deal with Manchester City, taking over from Nissan as the English football club's official automotive partner and sponsor.
Tesla filed a criminal complaint after an external representative from German union IG Metall was caught recording an internal works council meeting at the company's Berlin factory on Tuesday.
Legislation that would clear the way for more autonomous vehicles on American roads advanced in the House on Tuesday, as lawmakers seek to establish a federal framework for the technology.
The Rivian R2 could become the company's breakthrough mass-market vehicle — the equivalent of what the Model Y has been for Tesla, tech reviewer Marques Brownlee said after driving a prototype of the electric SUV.
Rivian will unveil full pricing, options, and specifications for its R2 electric SUV on March 12, the company announced Tuesday on X, as media reviews of the prototype vehicle went live following months of anticipation.
Norway's sovereign wealth fund returned to Tesla in the fourth quarter, purchasing 38 million shares after fully exiting its position three months earlier, according to a portfolio update filed with the US Securities and Exchange Commission on Tuesday.
Rivian's R2 made its media debut Tuesday, with automotive reviewers getting their first opportunity to drive a prototype of the company's most important vehicle yet.
Morgan Stanley said Tesla's plan to add 100 GW of solar manufacturing capacity could boost the company's equity value by as much as $50 billion, as CEO Elon Musk pursues an ambitious vision of deploying solar-powered data centers in space.
Barclays expects Rivian to deliver 48,000 electric vehicles in 2026, a figure that would still fall short of the automaker's 2023 total despite the launch of its more affordable R2 SUV.
Canada is using a military contract to extract economic commitments from foreign governments, with Germany the latest nation to signal interest in expanding its automotive presence north of the border.
EV maker Rivian said on Monday that its upcoming mid-size R2 SUV has entered final validation testing, the last stage before production of customer units begins.
General Motors has hired an executive from the Saudi-backed EV maker Lucid Motors to lead corporate strategy and as the deputy chief financial officer (CFO), a role that will include scouting for partnerships with technology companies.
WT Asset Management, one of Asia's largest hedge funds, cut its stake in Chinese EV maker Nio by nearly a third in the fourth quarter, just months after making a significant return to the stock.
Lucid Motors confirmed the departure of Senior Vice President of Strategy and Business Development Claudia Gast, minutes after EV first reported the news.