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
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
"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
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
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
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
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
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
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
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
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
Other luxury carmakers are also developing electrification strategies. read more
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