Canaccord Genuity reiterated its Buy rating on Rivian, arguing the EV maker can establish itself as the credible second force in the US market behind Tesla.

The head of product for Europe at Firefly, the entry-level marque of Chinese EV maker Nio, has left the company, according to a post on LinkedIn on Friday.

Tesla launched the Model Y L, a stretched six-seat version of its best-selling sport utility vehicle, in the United States and Puerto Rico on Thursday, hours after reporting a second-quarter delivery beat.

Rivian delivered 12,194 vehicles in the second quarter, exceeding its own guidance, as it handed over the first units of its mass-market R2 SUV, the company said on Thursday.

Rivian raised its full-year delivery forecast on Thursday after second-quarter deliveries topped its own outlook, citing the start of R2 SUV handovers and stronger demand for its trucks and commercial vans.

Tesla's Supercharger network delivered a record 2.0 terawatt-hours of energy in the second quarter, up 30% from a year earlier, according to figures the company posted on X.

Lucid was confirmed as a constituent of the small-cap Russell 2000 Index in FTSE Russell's June reconstitution, the larger of the two annual reshuffles of US equity benchmarks that the index provider now runs after moving to a semi-annual schedule in 2026.

EVs fell to 3.8% of General Motors' US deliveries in the second quarter of 2026, down from 6.2% a year earlier, nearly halving the electric share of the automaker's sales in twelve months.

New vehicle registrations for Tesla rose across most European markets in June, official and industry data released on Wednesday showed, extending the US automaker's recovery on the continent.

Lucid Motors began rolling out a new key fob firmware update to Gravity owners on Tuesday, the latest in a months-long effort to resolve the recognition failures that have dogged its flagship SUV since customer deliveries began last year.

Rivian updated its incentives on Wednesday for the R1T pickup and R1S SUV, raising financing rates and lease payments across its flagship line even as demand for the two models cools and the company shifts growth toward the newly launched, cheaper R2.

BYD said on Wednesday that it sold 403,472 new energy vehicles in June, a 5.5% rise from a year earlier, which leaned once more on record overseas demand to offset a shrinking home market.

Xiaomi rolled out a fresh round of purchase subsidies and low-cost financing on Wednesday, leaning on incentives rather than sticker-price cuts to revive demand as its deliveries run well behind the pace its 550,000-vehicle annual target requires.

Leapmotor posted a third consecutive monthly delivery record in June, as the Stellantis-backed automaker pressed toward a 2026 target of one million units.

Nio, XPeng and Li Auto, the three largest US-listed Chinese NEV makers, have converged on almost the same market value — about $12 billion each — even as the rivalry among the three escalates.

A Rivian R2 carrying a roof-edge LiDAR was photographed near the company's Irvine, California headquarters, as the EV maker tests the new sensor suite.

Li Auto delivered 30,895 vehicles in June, its lowest month of the quarter, capping a second quarter of 98,330 that held roughly flat with the first even as the company worked through a reset of its flagship L-series lineup.

Xiaomi said on Wednesday that it delivered "more than 30,000" vehicles in June across China, holding above that mark for a third straight month.

Onvo, the family-oriented sub-brand of Nio, said on Wednesday that it delivered 11,743 vehicles in June — up 83.5% from a year ago.

Firefly, the compact, high-end marque of Nio, delivered 6,946 vehicles in June, marking its strongest month of 2026.