Li Auto Set for Secondary Listing in Hong Kong to Raise $1.93 Billion
By Tolu Ajiboye
Chinese carmaker Li Auto set to offer secondary listing in Hong Kong as a hedge against geopolitical risks between America and China.
Transportation News
Explore the key news from transportation sphere including car reviews, coverage of the leading automakers, topics on self-driving, autonomous EVs, drones, etc 
Volkswagen Reports Record First Half Earnings Encouraging Car Manufacturer to Raise Profit Margin Target
By Tolu Ajiboye
Volkswagen posted first half earnings of $13.5 billion and now expects operating return on sales to go as high as 7.5%.
NASA Gets $2 Billion Offer to Reconsider Bezos’ Blue Origin
Blue Origin wants the agency to offer a fixed-price contract that would cover any system development cost overruns.
TSLA Stock Up 1%, Tesla Makes History with Its Q2 Net Profit Exceeding $1B
By Daria Rud
With Tesla hitting a record Q2 net profit, the company is making an optimistic prognosis for the upcoming future. It expects a 50% average annual growth in vehicle deliveries.
Mercedes Plans for Complete Transition to All-Electric Cars by 2030
The automobile giant is also working to establish eight giga-factories that will manufacture the cells for its electric car batteries. Besides, Mercedes also plans to set up a network of Plug & Charge Stations.
TSLA Stock Up 2% Yesterday, Musk Announces Opening Tesla Supercharger to All EVs
By Sanaa Sharma
Tesla is planning to make Superchargers that are accessible by all vehicles in most of the countries.
Jeff Bezos to Go Past Edge of Space with Blue Origin’s First Crewed Flight
By Daria Rud
Bezos transitioned into the role of executive chairman of Amazon to devote more time to personal pursuits. Now, the billionaire is looking into industries other than e-commerce. One of them is space tourism.
New Shepard Launch: Everything You Need to Know about Jeff Bezos-Led Civilian Space Trip
Richard Branson-owned Virgin Galactic and Elon Musk’s aerospace venture SpaceX are the other two heavyweights in the space race apart from Blue Origin led by Bezos.
TSLA Stock Up 1%, Tesla Earnings Expected to Rise Over 100% for Q2 with Over 200K Vehicles Delivered
By Tolu Ajiboye
Among several points expected to be raised during the upcoming earnings call for Tesla, investors may see a more than 88% increase from the same period last year.
TSLA Stock Slightly Down, Tesla Under Pressure as Xpeng Slashes Its New Sedan Prices
Since hitting an all-time high of around $900 at the beginning of the year, Tesla stock has dropped approximately 8% year-to-date.
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.
Logistics news
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.
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