Wedbush Securities analyst Dan Ives has lowered his Tesla Inc. price target to $315 from $550 while maintaining an "outperform" rating, citing growing concerns about the electric vehicle maker's brand perception and softening demand.
Despite Elon Musk's public dismissal of LiDAR as unnecessary for self-driving, Tesla quietly became the top customer of LiDAR supplier Luminar in 2024—just as China surged ahead in global LiDAR dominance.
BYD Company Limited, the world's leading electric vehicle manufacturer for three consecutive years announced a significant capital raise through a placement of new H shares to fund its ambitious global expansion plans and research initiatives.
U.S. President Donald Trump has announced his intention to impose a 25% tariff on auto imports, alongside chips and pharmaceuticals, causing a stir in international trade.
Chinese technology stocks extended gains Tuesday, as investors continued to react to President Xi Jinping's supportive stance toward the private sector demonstrated at Monday's high-level business symposium.
Tesla Inc (NASDAQ:TSLA) shares are trading lower Tuesday after competitor BYD Co (Pink:BYDDF) announced plans to include self-driving technology in its vehicles.
State-owned car manufacturers, Dongfeng Motor Group and Chongqing Changan Automobile, are contemplating a merger that could surpass Chinese EV giant BYD Co. (OTC: BYDYY) in terms of market dominance.
Chinese electric vehicle (EV) manufacturer, BYD (OTC: BYDDY), has announced plans to hire an additional 20,000 workers in Zhengzhou in the first quarter, as it seeks to increase production capacity.
Toyota Motor retained its position as the world's best-selling automaker in 2024 after reporting 10.8 million sales, marking a dip of 4% from a year ago.
Vietnamese electric vehicle manufacturer VinFast Auto is entering India's growing EV market with two premium SUVs, following strong third-quarter 2024 delivery growth and significant financial backing from its founder.
