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Automobile
Why is Harley-Davidson's (HOG) stock rallying?
December 14, 2021 05:00 AM AEDT| By Rupam RoyThe stocks of Harley-Davidson, Inc. (NYSE: HOG) gained attention from investors Monday, December 13, after the firm announced that its electric-motorcycle division, LiveWire, will go public by a merger with a special purpose acquisition company (SP.....
Why are these EV stocks worth watching in 2022?
December 07, 2021 08:51 AM AEDT| By Versha JainThe electric vehicle industry is getting a big push because of the fight against climate change. The industry makes electric cars, SUVs, and commercial vehicles like vans and trucks. It also manufactures EV parts, provides services, and upkeeps th.....
Polestar 5 sedan reveals production timeline, up against Tesla, Lucid
November 27, 2021 05:11 AM AEDT| By Versha JainHighlights 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. .....
Sono, Rivian & Canoo: Which firms are leading the EV market race?
November 18, 2021 10:44 AM AEDT| By Versha JainHighlights 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.....
Canoo stock (GOEV) rally continues; Should you explore it?
November 18, 2021 06:38 AM AEDT| By Versha JainHighlights 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.....
Lucid (LCID) gains traction after sedan rollout: Is it worth exploring?
November 17, 2021 03:42 AM AEDT| By Ipsita SarkarHighlights 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.....
NIO sees record revenue growth in Q3 on strong vehicle deliveries
November 10, 2021 11:11 AM AEDT| By Sanjeeb BaruahHighlights 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.....
Top EV stocks to explore as nations set emissions reduction target
November 05, 2021 02:22 AM AEDT| By Ipsita SarkarThe 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...
Lucid, Rivian start delivery of much-awaited inaugural EV models
November 02, 2021 10:19 AM AEDT| By Sanjeeb BaruahElectric 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.....
Top EV stocks to watch as White House mulls tax credit
November 02, 2021 08:06 AM AEDT| By Ipsita SarkarThe 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.....
GM sees sharp fall in Q3 revenue, upbeat on full-year results
October 28, 2021 01:54 AM AEDT| By Sanjeeb BaruahHighlights 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.....
Tesla (TSLA) beats Q3 revenue estimates, boosted strong China sales
October 21, 2021 02:29 PM AEDT| By Ipsita SarkarHighlights 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.....
General Motors (GM), Avis Budget (CAR) stocks rise on upbeat business outlook
October 09, 2021 06:47 AM AEDT| By Ipsita SarkarStocks 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.....
Cheap EV stocks to explore in the fourth quarter of 2021
October 07, 2021 07:45 AM AEDT| By Ipsita SarkarHighlights 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 .....
Why are XPeng Inc (XPEV), NIO Inc. (NIO) stocks gaining attention today?
October 02, 2021 04:16 AM AEST| By Sanjeeb BaruahHighlights 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.....
Lordstown (RIDE) stock up 8% after plans to sell Ohio plant to Foxconn
October 01, 2021 08:38 AM AEST| By Sanjeeb BaruahHighlights Lordstown Motors Corp. (NASDAQ: RIDE) is set to sell its Ohio assembly plant to Taiwanese phone maker Foxconn Technology Group. Lordstown went public in 2020 through a SPAC merger with DiamondPeak Holdings. The RIDE stock gai.....
LCID stock rises on Lucid Air delivery, HYZN shares tank after charges
September 30, 2021 04:03 AM AEST| By Sanjeeb BaruahHighlights Lucid Group Inc (Nasdaq: LCID) stocks jumped 10.18% on Sep 29 after it announced the launch of a sedan car. The company will start delivery of Lucid Air sedan cars from next month. Hyzon Motors Inc. (NASDAQ: HYZN) stocks crashed a.....
Ford (F), Toyota (TM) stocks in focus after positive business update
September 29, 2021 02:50 AM AEST| By Sanjeeb BaruahHighlights Ford Motor Company (NYSE: F) and its Korean battery partner SK Innovation to invest US$11.4 billion to build a mega assembly plant and three battery factories in the US. It is the single largest manufacturing investment in Ford&rsquo.....
Why are Tesla Inc (TSLA) & Rivian Inc catching the eyes of investors?
September 28, 2021 03:03 AM AEST| By Ipsita SarkarHighlights Tesla Inc (Nasdaq: TSLA) stocks soared on Monday after the company launched a software update of its FSD beta last week. The FSD beta will enable drivers to navigate across the complex environment of cities using the new auto-steer .....
Eight hot stocks to consider in a booming EV market
August 24, 2021 09:42 AM AEST| By Team Kalkine MediaHighlights Tesla, Inc. (NASDAQ: TSLA) has a P/E ratio of 368.88. The stock closed at US$680.26 on Aug 20. NIO Inc. (NYSE: NIO) delivered 21,896 in Q2, 2021. The stock closed at US$36.92 on Aug 20, 2021. General Motors (NYSE: GM) has a P/E rati.....
