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Trading Mar 31 14:40 CST
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$Tesla (TSLA.US)$
Tesla's Australian electric vehicle sales remain in free fall after Nov became the 8th-straight month of year-on-year sales decline for Elon Musk's autogiant amid a growing wave of competition from Chinese rivals.
Tesla sold 2540 vehicles in Australia in Nov, according to data released by the Electric Vehicle Council, resulting in a sales decline of 35.5% compared to the same time last year.
Tesla hasn't recorded year-on-...
Tesla's Australian electric vehicle sales remain in free fall after Nov became the 8th-straight month of year-on-year sales decline for Elon Musk's autogiant amid a growing wave of competition from Chinese rivals.
Tesla sold 2540 vehicles in Australia in Nov, according to data released by the Electric Vehicle Council, resulting in a sales decline of 35.5% compared to the same time last year.
Tesla hasn't recorded year-on-...
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$Tesla (TSLA.US)$
Chinese electric vehicles are proving popular outside the local market and are gaining ground not only in Europe but also in Australia. The MG4 became the country's best-selling EV in Oct. With nearly 1,500 units sold last month, the MG4 dethroned the Tesla Model Y, which managed just over 1,000 sales (down from nearly 1,500 a month before).
In third place came the Model 3 with 422 sales, followed by the BYD Atto3 with 330 sales a...
Chinese electric vehicles are proving popular outside the local market and are gaining ground not only in Europe but also in Australia. The MG4 became the country's best-selling EV in Oct. With nearly 1,500 units sold last month, the MG4 dethroned the Tesla Model Y, which managed just over 1,000 sales (down from nearly 1,500 a month before).
In third place came the Model 3 with 422 sales, followed by the BYD Atto3 with 330 sales a...
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$Futu Holdings Ltd (FUTU.US)$
Guotai Junan Securities Co. and Haitong Securities Co. unveiled the terms of their proposed merger to create a state-backed brokerage with US$226 billion ($295.3 billion) in assets to compete with Wall Street firms expanding in the country.
Under the share swap deal, Guotai Junan will issue A shares and H shares to all holders of its smaller rival Haitong at a ratio of 0.62 to 1. The exchange offer is worth RMB8.57 ($1.58) in China, or a 2.3% discount on Haitong shares in Shan...
Guotai Junan Securities Co. and Haitong Securities Co. unveiled the terms of their proposed merger to create a state-backed brokerage with US$226 billion ($295.3 billion) in assets to compete with Wall Street firms expanding in the country.
Under the share swap deal, Guotai Junan will issue A shares and H shares to all holders of its smaller rival Haitong at a ratio of 0.62 to 1. The exchange offer is worth RMB8.57 ($1.58) in China, or a 2.3% discount on Haitong shares in Shan...
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$General Motors (GM.US)$ $SAIC Motor Corporation (600104.SH)$
GM's joint venture, SAIC-GM-Wuling (SGMW), is making a bid for attention with its first-ever new energy concept car, unveiled during the company's future strategy presentation for the ASEAN markets. And what better way to stand out than with a futuristic, low-slung coupe featuring gigantic gullwing doors?
Called the "Light of ASEAN," this concept serves as a preview of the des...
GM's joint venture, SAIC-GM-Wuling (SGMW), is making a bid for attention with its first-ever new energy concept car, unveiled during the company's future strategy presentation for the ASEAN markets. And what better way to stand out than with a futuristic, low-slung coupe featuring gigantic gullwing doors?
Called the "Light of ASEAN," this concept serves as a preview of the des...
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$BYD COMPANY (01211.HK)$ $Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$
1) The article reported that registrations for Chinese electric vehicles (EVs) like BYD and SAIC’s MG brand dropped by 45% compared to June. The decline in Chinese EV registrations has been linked to the Europe Commission (EC)’s provisional tariffs on China-made EV imports.
2) The EC imposed provisional tariffs of up to nearly 38% on EV imports m...
1) The article reported that registrations for Chinese electric vehicles (EVs) like BYD and SAIC’s MG brand dropped by 45% compared to June. The decline in Chinese EV registrations has been linked to the Europe Commission (EC)’s provisional tariffs on China-made EV imports.
2) The EC imposed provisional tariffs of up to nearly 38% on EV imports m...
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$SAIC Motor Corporation (600104.SH)$
A video clip showcasing a car from SAIC's IM Motors moving sideways into a parking space has captured the attention of online viewers, sparking widespread interest and discussion in China.
A recent video has catapulted IM Motors into the spotlight, showing their vehicle executing a sideways parking maneuver that has astounded netizens. The footage features a woman exiting an IM Motors test vehicle whi...
A video clip showcasing a car from SAIC's IM Motors moving sideways into a parking space has captured the attention of online viewers, sparking widespread interest and discussion in China.
A recent video has catapulted IM Motors into the spotlight, showing their vehicle executing a sideways parking maneuver that has astounded netizens. The footage features a woman exiting an IM Motors test vehicle whi...
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The European Commission, which oversees the bloc’s trade policy, has set provisional duties of up to 37.6% on EVs imported from China to counter what it says are unfair subsidies and has canvassed EU member views in a so-called advisory vote.
A dozen EU members voted in support of the tariffs, four voted against and 11 abstained, the sources said.
German carmakers, which made a third of their sales last year in China, have urge...
A dozen EU members voted in support of the tariffs, four voted against and 11 abstained, the sources said.
German carmakers, which made a third of their sales last year in China, have urge...
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According to local media, Shanghai is expected to launch a public test of autonomous ride-hailing services for citizens within a week. $BIDU-SW (09888.HK)$ , $SAIC Motor Corporation (600104.SH)$ , Pony Ai, and AutoX have already received permits.
During the trial period, the service will be free for users.
$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $XPENG-W (09868.HK)$ $XPeng (XPEV.US)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$
During the trial period, the service will be free for users.
$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $XPENG-W (09868.HK)$ $XPeng (XPEV.US)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$
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EV news you need to know; Musk's compensation package gets nod, marking a huge win for Tesla. Expect its shares to rally. EU to rise China EV tariff - beware of retaliation on EU brands. Honda launches an electric van that can charge in 30 mins (do you care?).
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Currently, $Tesla (TSLA.US)$ 's Shanghai Gigafactory makes the Model 3 and Model Y for the Chinese domestic market, with some cars exported to other regions, including the EU.
According to a press release by the European Commission, Tesla may receive an "individually calculated duty rate" — a rate that may be lower than the currently imposed 20.1%, at the definitive stage of the investigation, which is expected to be November 2.
The...
According to a press release by the European Commission, Tesla may receive an "individually calculated duty rate" — a rate that may be lower than the currently imposed 20.1%, at the definitive stage of the investigation, which is expected to be November 2.
The...
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bullrider_21 OP : Tesla's Europe sales fell in 2024. Tesla's US sales fell in 2024. Tesla's Australia sales fell in 2024. Only Tesla's China sales are up.
74216494 bullrider_21 OP : And ? NIOs European sales are microscopic, US sales non-existant, Australias sales non-existant, China sales mediocre, compared to newcomers like XIAOMI or ZEEKR. TSLA still makes money; NIO never did.
bullrider_21 OP 74216494 : Comparing Nio and Tesla is like comparing apple and orange.