Automobile Stocks

Why is Arrival (ARVL) stock gaining traction today?

  • September 30, 2022 05:33 AM PDT | Rupam Roy
 Why is Arrival (ARVL) stock gaining traction today?

The stock price of Arrival (ARVL) jumped more than 19 per cent in the pre-market hours on September 30, after the company announced key updates about its first production verification vehicle.

Read More...
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. ...

Read More...
Sono, Rivian & Canoo: Which firms are leading the EV market race?

Sono, Rivian & Canoo: Which firms are leading the EV market race?

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...

Read More...
Canoo stock (GOEV) rally continues; Should you explore it?

Canoo stock (GOEV) rally continues; Should you explore it?

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...

Read More...
Lucid (LCID) gains traction after sedan rollout: Is it worth exploring?

Lucid (LCID) gains traction after sedan rollout: Is it worth exploring?

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...

Read More...
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...

Read More...
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...

Read More...
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 ...

Read More...
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...

Read More...
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...

Read More...
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...

Read More...