NIO (NIO) released its Q4 earnings Wednesday morning, and although EV deliveries continue growing, the company’s losses are also piling up.
Expand Expanding CloseNIO (NIO) EV deliveries continue growing in Q4, but so do its losses
Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising. For questions or comments, you can email him at Peter@electrek.co. You can also follow him on Twitter @EVPeteJohnson.
NIO (NIO) released its Q4 earnings Wednesday morning, and although EV deliveries continue growing, the company’s losses are also piling up.
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Volkswagen has finally revealed its second-generation ID.3 after months of teasing. The new electric compact vehicle features an edgy, sportier exterior design and an upgraded modern interior that focuses on sustainability.
Check out the first images of the upgraded VW ID.3 below.
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Rivian (RIVN) released its fourth quarter and full-year earnings results for 2022 after market close on Tuesday, February 28, showing a slight miss on revenue but significantly lower operating expenses as the EV startup moves to cut costs and drive volume.
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Honda and LG Energy Solutions joint venture (JV) broke ground on their $3.5 billion EV battery plant in Fayette County, Ohio, Tuesday as the company aims to begin mass production in 2025.
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Stellantis revealed its plans to produce new electric drive modules (EDMs) at three Kokomo, Indiana, plants on Tuesday to boost production of its Jeep and Ram EVs and support its overall goal of 50% BEV sales in the US by 2030.
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Hyundai is promising a daring glimpse into the future of the urban SUV with its brand-new 2024 Kona electric model arriving this summer. The all-new Hyundai Kona electric has several new features including a bold, more dynamic “EV-derived” design.
See a closer look at the 2024 Kona electric design in the video below from Hyundai.
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Rivian (RIVN) is set to release Q4 and full year results for 2022 on Tuesday, February 28, after the market close in what is shaping up to be a significant one as the young EV maker looks to overcome recent hurdles as it ramps production.
Here’s a brief preview of what Wall St and investors expect from Rivian’s fourth quarter results.
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US customers are gearing up for the first VinFast electric vehicle deliveries slated to begin this week. As we approach the big day, VinFast has marked down VF 8 City Edition lease prices by over 50%.
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As the auto industry moves toward a sustainable future, Nissan has made the strategic decision to ramp up their efforts in the electric vehicle market. The decision to accelerate its strategy comes as demand for zero-emission EVs continues climbing at a record pace.
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The 2024 Chevy Blazer EV is set to go on sale later this year as GM expands its lineup of fully electric vehicles. After months of anticipation, we are finally seeing the first images of the mid-size electric crossover without camo for the first time.
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The 2024 Kia EV9 is launching later this year as one of the most highly anticipated electric vehicles to hit the market. A newly posted video on social media appears to show the sleek, big-bodied electric Kia EV9 as a near replica of the electric SUV concept.
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Audi’s attempt to block NIO from using the names ES8 and ES6 in Europe just took a turn after the European Union Intellectual Property Office shot down the German automaker’s request.
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Nissan is taking a big step with its latest endeavor to combat emissions. The automaker will now be delivering new vehicles in fully electric, heavy-duty trucks in a new trial with Nikola and Kenworth.
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Adventure seekers, buckle up. A new off-road electric pickup and SUV brand is coming to the US. Volkswagen is planning to build an entirely new plant for its recently acquired Scout EV brand, according to the German newspaper Automobilwoche.
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Volkswagen is teasing its second generation ID.3 electric vehicle model with less than a week before its official debut. The video shows the refreshed VW ID.3 face, giving us a glimpse of its updated headlights and sleek new design.
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Geely, the owner of Polestar and Volvo, is launching a new “high-end electrified product series” in a bid to take on the top EV contenders like Tesla and BYD. The first fully electric vehicle from the sub-brand is slated to launch before the end of the year.
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Ohio-based EV manufacturer Lordstown Motors (RIDE) has hit another roadblock in its quest to bring its Endurance electric pickup to market. After several years of waiting, Lordstown says Endurance EV buyers will have to wait a little longer after announcing it will pause production amid a voluntary recall.
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Paving the way for clean transportation to and from school for our kids, Thomas Built Buses (TBB) and Proterra announced Thursday their electric school buses had crossed 1 million miles driven in North America.
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If you’ve ever been in an escape room, you know how fast pace and intense it can be. Volkswagen is applying the same methodology to train its employees for the future of electric vehicles, but these are not your typical escape rooms.
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After releasing an unexpectedly strong earnings report Wednesday on the heels of climbing EV momentum, Stellantis says it’s ready to do the same in North America, starting with the Ram and Jeep brands.
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Bentley Motors, the British luxury automaker, is bidding farewell to its 12-cylinder W12 engine after nearly two decades as the iconic brand charges toward an all-electric future.
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Marking a huge milestone for the South Korean automaker, Hyundai celebrated its first electric vehicle assembled in the US Tuesday. The Genesis Electrified GV70 EV is the luxury brand’s first model constructed outside South Korea as the automaker moves toward an electric future.
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After building the anticipation, Hyundai has finally revealed prices for its electrified streamliner sedan everyone’s been talking about. The Hyundai IONIQ 6 will have a starting MSRP of $41,600, with most trim levels available at US dealerships starting this spring.
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Ford signed into a memorandum of understanding (MoU) to establish a new joint venture Tuesday with LG Energy Solution and Koç Holding. The JV plans to build one of Europe’s largest commercial EV battery cell facilities, with up to 45 GWh in potential annual production capacity.
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