Motors Source:

BMW opens $2.2 billion EV plant in China as it ramps up challenge to Tesla, domestic players

BMW has officially opened its new 15 billion yuan ($2.2 billion) factory in Shenyang, China with a strong focus on electric vehicles. go to Article >

Polestar will launch a hot new electric roadster — but not until 2026

0 Days ago Motors Source:

Polestar said it will build a version of its popular O2 roadster show car. Production won't start until 2026, but interested buyers can reserve now. read more

Elon Musk says Tesla has made over 3 million cars

2 Days ago Motors Source:

"Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M," Musk tweeted. read more

Transportation Department is losing top auto safety regulator after a few months on the job

4 Days ago Motors Source:

U.S. Transportation Secretary Pete Buttigieg said Steve Cliff will be leaving his role as head of the National Highway Traffic Safety Administration read more

Huawei's second quarter revenue rises slightly from a year ago

4 Days ago Motors Source:

Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. read more

Rivian posts second-quarter revenue above estimates, but expects a wider loss for the year

5 Days ago Motors Source:

Electric vehicle maker Rivian maintained its full-year guidance for deliveries, but trimmed its full-year financial outlook. read more

Nikola to acquire battery pack supplier Romeo Power in $144 million deal

15 Days ago Motors Source:

Nikola will acquire Romeo Power, a key supplier of battery packs for its trucks, in a $144 million all-stock transaction. read more

Elon Musk sells 7.92 million Tesla shares worth $6.88 billion

6 Days ago Motors Source:

Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night. read more

California DMV accuses Tesla of deceptive practices in marketing Autopilot and Full Self-Driving options

10 Days ago Motors Source:

Elon Musk's electric car business risks more than its reputation -- the company could temporarily lose the licenses which allow it to operate in California. read more

3 takeaways from the Investing Club’s ‘Morning Meeting’ on Wednesday

13 Days ago Motors Source:

Catch the Club's "Morning Meeting" livestream at 10:20 a.m. ET every weekday. read more

Average monthly payments for car leases rose to $595 in July amid 'an absence of discounts' from manufacturers, dealers

13 Days ago Motors Source:

The average purchase incentive in July was $894, a marked drop from $2,000 a year ago, according to a new estimate. read more

Ferrari CEO shrugs off concerns about EV performance

21 Days ago Motors Source:

Other luxury carmakers are also developing electrification strategies. read more