Automobile Stocks

Polestar 5 sedan reveals production timeline, up against Tesla, Lucid

 Polestar 5 sedan reveals production timeline, up against Tesla, Lucid

Highlights Polestar plans to launch its electric sedan Polestar 5 to compete against the likes of Lucid and Rivian. Polestar Automotive is owned by Geely. Polestar, a spin-off from Volvo in 2016, was founded as a premium EV maker in 2017. ...

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EV-maker Rivian (RIVN) raises US$11.9 bn in IPO: How to buy the stock?

EV-maker Rivian (RIVN) raises US$11.9 bn in IPO: How to buy the stock?

Highlights Rivian’s first electric pickup truck, R1T, was delivered to clients a couple of months ago. Rivian’s IPO is the sixth-largest listing of all time in a US exchange. The Irvine, California-headquartered Rivian is on trac...

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NIO sees record revenue growth in Q3 on strong vehicle deliveries

NIO sees record revenue growth in Q3 on strong vehicle deliveries

Highlights NIO’s total revenues were RMB 9,805.3 million or US$1,521.8 million in the quarter, an increase of 116.6% from the same period a year ago. NIO’s vehicle sales were RMB 8,636.8 million or US$1,340.4 million in the quarter...

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Top EV stocks to explore as nations set emissions reduction target

Top EV stocks to explore as nations set emissions reduction target

The electric vehicle industry received a major boost after the UN conference of parties or COP26 recently set new targets for pollution reduction. The countries aim to reduce greenhouse gas emissions by 30% from the 2020 levels. The COP26 summit in ...

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Lucid, Rivian start delivery of much-awaited inaugural EV models

Lucid, Rivian start delivery of much-awaited inaugural EV models

Electric vehicle makers Rivian Automotive and Lucid Group Inc. (NASDAQ: LCID) have delivered their much-awaited inaugural EV models to customers over the weekend as they make market debut. California-based Lucid delivered its Lucid Air sedans on S...

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Top EV stocks to watch as White House mulls tax credit

Top EV stocks to watch as White House mulls tax credit

The EV market is one of the sectors that investors have been keeping a close watch on lately. Earlier this year, President Joe Biden had set a target to make half of all automobiles sold by 2030 energy vehicles. In addition, his administration ha...

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GM sees sharp fall in Q3 revenue, upbeat on full-year results

GM sees sharp fall in Q3 revenue, upbeat on full-year results

Highlights GM’s revenue dropped to US$26.8 billion in the quarter from US$35.5 billion a year ago. At the same time, profit declined to US$2.4 billion from US$4.0 billion in the comparable quarter a year earlier. In a letter to sharehol...

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Tesla (TSLA) beats Q3 revenue estimates, boosted strong China sales

Tesla (TSLA) beats Q3 revenue estimates, boosted strong China sales

Highlights Tesla Inc’s (TSLA) revenue rose to US$13.76 billion in the third quarter, beating estimates. Tesla said it sold more Model 3 and Model Y cars, which are lower-priced, during the quarter. In addition, Tesla’s Shanghai fac...

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General Motors (GM), Avis Budget (CAR) stocks rise on upbeat business outlook

General Motors (GM), Avis Budget (CAR) stocks rise on upbeat business outlook

Stocks of General Motors Company (NYSE: GM) and Avis Budget Group, Inc. (NASDAQ: CAR) rose 3% and 8%, respectively, in intraday trading on Friday. The GM stock traded at US$58.16, up 3.05%, while the CAR stock traded at US$136.39, up 7.86%, at aro...

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Cheap EV stocks to explore in the fourth quarter of 2021

Cheap EV stocks to explore in the fourth quarter of 2021

Highlights Ford Motor Company’s (NYSE: F) revenue increased by 38 percent YoY in Q2, FY21. Fisker Inc’s (NYSE: FSR) revenue was US$27 thousand in Q2, FY21. Xpeng Inc. (NYSE: XPEV) delivered 25,666 vehicles in Q3, FY21. The EV ...

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Why are XPeng Inc (XPEV), NIO Inc. (NIO) stocks gaining attention today?

Why are XPeng Inc (XPEV), NIO Inc. (NIO) stocks gaining attention today?

Highlights XPeng Inc. (NYSE: XPEV) delivered 10,412 vehicles in September. NIO Inc. (NYSE: NIO) delivered 10,628 vehicles globally in September. The revenue of XPeng Inc. (NYSE: XPEV) surged 536.7% YoY in RMB3.76 billion. The stocks of XP...

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