Ola Electric surged 20%, reaching a $6.99 billion valuation, after launching motorcycles and promising lower costs with in-house batteries. The e-motorcycle launch will heighten competition in…
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Ola Electric Mobility’s shares rose 20% on debut, valuing it at $4.8 billion, as investors anticipate growth in electric vehicles. The stock listed flat at 76…
On Friday, the Sweden-based automaker reported a 6% year-over-year increase in Volvo Cars’ July sales, reaching 57,447 units. This rise was primarily driven by a surge…
On Tuesday, Tesla (TSLA.O) announced it would introduce “new models” by early 2025, utilizing its current platforms and production lines. This decision marks a retreat from…
When luxury firms release their first quarter results, investors are expecting a sharp decline in luxury sales. This is because of the weak Chinese market and…
Chinese smartphone maker Xiaomi on Wednesday said it has received more than 100,000 orders for its first car – a sporty electric vehicle called the SU7…
Last week, the electronics manufacturer Xiaomi unveiled its fast electric automobile, generating significant interest. Consequently, Xiaomi’s shares surged by as much as 16% on Tuesday. However,…
Amidst a fierce price war, China’s Xiaomi announced on Tuesday that it will start shipping its inaugural electric car (EV), the model SU7, this month. Furthermore,…
China’s largest electric vehicle (EV) producer, BYD (002594.SZ), unveiled a new version of its best-selling car on Monday. The release comes at a lower price than…
On Wednesday, Polestar announced securing a $950 million loan from a bank syndicate, filling a gap left by Volvo Cars’ decision to cease funding the electric…