China remains a pivotal market for electric vehicles, with BYD’s sales accounting for a sizable portion. Tesla, despite its global presence, relies on China for around one-fifth of its sales in the quarter ending September 30th.
The sale of the newly launched Xiaomi EV will officially kick start next year at an undisclosed date.
SpaceX has become one of the most valuable companies in the United States, dominating the market for commercial space launch services, primarily due to the success of its Falcon rockets.
Tesla opens up bookings for its much-awaited Cybertruck with the rear-wheel drive version starting at $60,990 and a starting 250 mile range.
Amazon users will be able to find and buy Hyundai vehicles of choice from different US local dealers beginning next year with the Alexa built-in expected to be integrated into the company’s next-generation vehicles.
Despite the potential negative impacts of AI, Musk also believes that AI would be a force for good and could even serve as a great friend and companion to users.
As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down.
The recent work stoppage by the United Auto Workers (UAW) union impacted the company’s ability to meet its financial targets.
Nikola is expected to report its third-quarter earnings result on November 2, amid a push by the management to make the company profitable.
ChargePoint stock comes under severe selling pressure as the company liquidates equity for another major fundraise.
WM Motor’s struggle highlights the challenges smaller companies and new startups face in China’s fiercely competitive EV market.
Tesla sales in China fell in September according to an unofficial report from the China Passenger Car Association.
Tesla has cut prices after it announced a slowdown in deliveries. The company said the decline was caused by factory upgrades.
Lucid Motors said that its Air Pure RWD will be available for order immediately at a price point of $77,400.
The preliminary estimates for the third quarter revealed that Rivian has cash and cash equivalent of about $9.1 billion as of September 30.
Transportation News
Explore the latest news from the transportation sphere including car reviews, coverage of the leading automakers, topics on self-driving, autonomous EVs, drones, logistics, etc.
Transportation involves the movement of individuals and goods from one place to another. The transportation industry features a class of firms, businesses, and organizations that deal with the provision of transport services to customers across the world. Transport frameworks, by the portability they give, are firmly identified with financial changes with time.
As per Global Industry Classification Standard, the transportation industry comprises firms that operate and offer services relating to the transfer of people and products through road, airlines, marine, rail, air freight, and logistical means.
Just like every other industry, the evolution of the transport industry has featured the use of several means and modes, from the use of canoes and boats to rails, cars, cargoes, airplanes, etc. and has become more efficient while dealing with new complexities. However, economic doors are more likely to be opened where transportation frameworks can guarantee access to business sectors and assets.
The exhibition of firms in the transportation business is mostly subject to changes in organizational profit and the cost of moving products and services from one place to another. Some of the primary elements influencing organizational profit include the cost of fueling machines, work costs, service demand rate, geopolitical occasions, and supervisory measures and guidelines by the government. Notably, a large number of these components are related. For instance, if some government decides to impose laws and guidelines that make it hard for individuals to secure their corporate drivers’ permit, the number of drivers in the country will see a massive reduction and consequently increase the expense of employing commercial drivers.
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Stay tuned to Coinspeaker to get the latest transport industry news and information we take you closer to the world of transportation whose great potential has continued to entice and attract new investors and stakeholders.