Elon Musk became the world's first trillionaire on Friday as SpaceX surged in its Nasdaq debut, with the largest initial public offering in history lifting the rocket and satellite company's market value to $2.18 trillion.

California's Department of Transportation has recently ordered 524 additional Rivian vehicles, public procurement records show.

Nio inaugurated its first 'Nio House' in Greece on Thursday, seven months after its official market debut in the country.

Xiaomi has signed Arsenal midfielder Declan Rice as an ambassador for its YU7 SUV — the second major European football star recruited by a Chinese automaker in less than a month, after Chery named Robert Lewandowski its global brand ambassador.

EV stocks joined a broad Wall Street rally on Thursday after President Donald Trump said he canceled military strikes on Iran scheduled for the evening.

Nio's co-founder and President Lihong Qin said the pure-electric shift that has pushed combustion cars out of China's bestseller rankings will arrive "even more fiercely" in the mid-size SUV segment around 200,000 yuan ($29,500).

Nio's Norwegian unit issued a statement defending the company's commitment to Europe and announcing a new battery swap station.

Nio's HK$287 million ($36.6 million) investment in its exclusive LiDAR supplier Seyond has lost roughly two-thirds of its value in six months, after the sensor maker's Hong Kong shares collapsed 42% in the two sessions following the expiry of its first post-listing lock-up.

Rivian brought a RAD-wrapped R2 to the media and analyst drive event held ahead of the SUV's first deliveries, and CEO RJ Scaringe all but confirmed a high-performance version of the model is in the pipeline — months after the company formalized the adventure-focused division behind it.

The first person publicly claiming to be a regular Rivian R2 customer surfaced on Reddit, describing a delivery arranged by phone and completed within a single day.

Firefly, the entry-level sub-brand of Nio, sold out the limited edition of its compact EV launched on Wednesday in less than eight hours, the brand's head of marketing announced.

Rivian's Chief Software Officer Wassym Bensaid said on Wednesday the company deliberately launched the R2 without several familiar software features to protect quality, committing to deliver them through monthly over-the-air updates this summer.

Novelis said on Wednesday that the hot mill at its Oswego, New York, rolling plant is back online, nine months after fires at the facility triggered a supply crisis across the US car industry.

Lucid has pushed its market entries in Spain and Austria to 2027, EV learned on Wednesday, removing two countries from an expansion plan the company had slated for 2026.

Needham reiterated its Buy rating and $23 price target on Rivian on Wednesday, a day after the stock fell 6.6% on the R2's launch, with analyst Chris Pierce arguing that the new SUV "underpins our bullish view."

Chinese EV stocks fell broadly in Hong Kong on Wednesday, with Nio leading the decline and five companies touching fresh 52-week lows in a session weighed down by a renewed tech selloff and rising geopolitical pressure from Washington.

Lucid Motors is set to sign Dutch dealer group Munsterhuis as a new agent partner in the Netherlands, EV learned on Wednesday.

Lucid's Senior Vice President of Engineering and Software Emad Dlala has decided to leave the company, EV learned on Wednesday.

Rivian shares plunged on the day the company began delivering its R2 mid-size SUV, as the first lease quotes for the model arrived well above what buyers had expected and a broad equity selloff deepened the move.

The US Trade Representative, Jamieson Greer, is scheduled to visit Tesla's Fremont factory in California later on Thursday, part of a manufacturing tour built to promote the Trump administration's push to bring production back to the United States.