To The Moon

EV shares fell on Thursday. Li Auto fell over 13%; Nikola fell nearly 7%; Lucid fell nearly 5%; VinF

VinFast Signs Qatar Exclusive Dealership Agreement With Al Mana Holding W.l.l.

GOTHENBURG, Sweden, June 27, 2024----Polestar has made its first customer deliveries of Polestar 3. The SUV for the electric age plays an important role in the Company’s development, as Polestar now has three models on the roads, including two SUVs.The initial vehicles are being handed over to customers across two continents in the coming days, with deliveries set to accelerate throughout the summer. With significant acclaim from global automotive media, customer interest for Polestar 3 remains high, resulting in the initial batch of customer test drives being over-subscribed. Additional test-drive slots have now been made available during the summer months, across Polestar’s Spaces.At Polestar’s headquarters in Gothenburg, Sweden, the first Polestar 3 handovers were completed in a special ceremony at the brand’s iconic Cube. Alongside their launch edition Polestar 3s, finished in a mixture of Magnesium and Space, these first customers also received a special Polestar gift package to

Tesla (TSLA) has reduced Model Y production at its Shanghai plant by a significant percentage since March, responding to declining demand in China, Reuters reported on Friday, citing industry data and

Chinese automaker Li Auto has postponed the launch of its all-electric SUVs till the first half of 2025, company CEO and founder Li Xiang said late on Monday, citing inadequate charging stations among other constraints. Enough branded charging stations and incremental display spots are two critical and necessary conditions for selling the BEV SUV products, Xiang said in a post-earnings call. The Beijing-based startup needs an additional 500 to 600 display spots across the country to supply consistent sales of over 10,000 units per model, Xiang noted. "Otherwise, we'll be only increasing the number of products rather than the number of sales volume." The investments required to build EV infrastructure, on which its peers such as Tesla and NIO have extensively spent, could weigh on Li Auto’s profitability, Reuters reported citing analysts. Earlier this year, Li Auto became the first domestic competitor to follow Tesla's lead on price reductions, which would impact the company's enti

Li Auto will announce first-quarter results on Monday, after a slow start to the year in terms of deliveries.Demand for the newer Li L6 and Li MEGA models was lower than expected due to a price war in

Li Auto is reportedly undergoing massive layoffs that could involve more than 5,600 people, as sales fall short of expectations, according to local media.Image credit: CnEVPostLi Auto (NASDAQ: LI) is

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