Nio Group's founder and CEO William Li has commented on the Reuters report which said the world's largest battery maker CATL was in discussions to acquire a controlling stake in the Nio Power unit — the EV maker's arm focused on the battery swapping and charging network.
Tesla suspended on Friday new orders for the Model S and the Model X in China. According to the company's website for the China market, customers can no longer acquire customized/new units but inventory vehicles only.
XPeng is holding its first global event next week, where it will launch its first global flagship model, the new X9. The "XPeng Global Night of Passion" will be on April 15, in Hong Kong.
South Korea’s Kia announced on Wednesday that it aims to sell 1.26 million pure EVs by 2030, a 21.2% cut from the previous goal of reaching 1.6 million units.
Goldman Sachs' analyst Mark Delaney downgraded Ford’s price target on Thursday by 18.2% to $9 citing increased global competition, weaker consumer demand, and higher costs from tariffs.
XPeng sold 36 electric vehicles in the UK in March, according to official industry data, following the brand’s official market entry in mid-February. The Chinese EV maker began UK deliveries with its first-generation G6 SUV, priced from £39,990 ($51,600).
UBS analyst Joseph Spak lowered on Thursday General Motors' price target by 20.3% to $51. In a new research note, Spak stated that the firm now estimates GM's volumes to decline 9% year over year in 2025, followed by "an additional 4% in 2026" over the new tariffs announced by Donald Trump last week.
Benchmark analyst Mickey Legg lowered on Wednesday Tesla's price target by 26.3% to $350. In a new research note, the firm maintained its Buy rating on the stock and added it to its ‘Best Ideas’ list.
Bernstein analyst Daniel Roeska on Wednesday downgraded Ford's price target to $7.00, a 25.5% cut from $9.40. The stock's rating was also cut from Market Perform to Underperform.
Rivian started on Tuesday rolling out a new software update bringing an improved suspension system for both Gen-1 and Gen-2 vehicles that using "intelligent algorithms that can better analyze the data from sensors around the vehicle" and detect bumps and jolts.
Chinese carmaker Zeekr saw its weekly sales in China fall 20.6% to 2,700 vehicles last week, industry data showed on Tuesday. In the final week of March, the Hangzhou-based company had registered 3,400 units.
Tesla's Board member and Elon Musk's brother Kimbal attacked on Wednesday Donald Trump's top trade adviser Peter Navarro after he criticized Tesla's CEO earlier in the week, saying that Musk is not "a car manufacturer", but a "car assembler in many cases".
Li Auto registered 6,200 vehicles from March 31 to April 6, a decline of 29.5% from the 8,800 units listed in the previous week, according to data revealed on Tuesday on Chinese social media.
XPeng on Tuesday unveiled a refreshed version of its X9 multi-purpose van (MPV), with pre-orders opening immediately and prices starting at 399,800 yuan, or about $54,500.
Stellantis, which has a controlling stake in the Leapmotor International joint venture, stopped EV production in Poland last week, as reported by the French newspaper Les Echos on Monday and confirmed by the Franco-Italian carmaker on Tuesday.
BYD registered 45,100 vehicles from March 31 to April 6, a decline of 25.3% from the 60,400 units recorded in the previous week. China observed a three-day holiday from April 4 to 6 for the Ching Ming Festival, which impacted both production and deliveries in the auto industry.
Xiaomi sold 5,100 vehicles from March 31 to April 6, according to data industry shared on Chinese social media. The figures represent a 34.6% fall week over week, from 7,800 units sold from March 24 to March 30.
Trump further escalated trade tensions this Monday by threatening to add a new 50% duty from Wednesday (April 9th) if China does not "withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th."
Bernstein analyst Daniel Roeska lowered on Monday General Motors' price target by 30%, from $50.00 to $35.00. The analyst also cut GM's rating to Underperform from Market Perform.
U.S. President Donald Trump confirmed last week that new tariffs on imported goods would take effect on what he called “Liberation Day” for the country. The tariffs start at a baseline of 10%, but are significantly higher for countries such as China (54%), Vietnam (46%), and Taiwan (32%). Imported cars and auto parts are now facing a 25% tariff.





















