Why is Arrival (ARVL) stock gaining traction today?

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. ...

Highlights Sono Group N.V. (NASDAQ: SEV) skyrocketed in its stock market debut on Wednesday. Canoo announced plans to relocate its headquarters. Rivian Automotive, Inc. (NASDAQ: RIVN) manufactured 12 R1T vehicles and delivered 11 vehicles as o...

Highlights The cash and equivalents increased to US$414 million for nine months ended September 30, 2021, against US$148 million in the same period a year ago. The stock fell 24.28% YTD but rose 30.30% month-to-date. Canoo Inc. (NASDAQ: G...

Highlights Lucid Group, Inc. (NASDAQ: LCID) revenue was US$232,000 in Q3, FY21. The company sets a vehicle production target of 20,000 units in 2022. Air Sedan bookings rose to more than 17000 from 13000 in Q3, FY21. Lucid Group, Inc. (NA...

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...

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...

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 ...

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...

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...

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...