Tesla became Ningde Times' largest customer for the second consecutive year. In 2022, Ningde Times' lithium battery sales revenue from Tesla was RMB 38 billion, accounting for 11.59% of total revenue.
Ningde Times has been supplying to Tesla since July 2020. 2021 saw Tesla become Ningde Times' largest customer for the first time, purchasing a total of 13 billion yuan of lithium batteries that year,...

Electric vehicle startup Rivian Automotive reported mixed fourth-quarter earnings and a lackluster production outlook after the bell Tuesday.
Shares of Rivian were down by roughly 8% during extended trading. The stock closed Tuesday at $19.30 a share, up 4.6% for the session.
Here’s how Rivian performed in the period, compared with analysts’ estimates as compiled by Refinitiv:
Adjusted loss per share: $1.73 vs....