Tag Archives: Transportation News

Tesla is likely to decide on a breakthrough method of die casting multiple sections of its EVs to reduce cost and improve production. Tesla Inc (NASDAQ: TSLA) has reportedly figured out a technological breakthrough that will transform the process of making electric vehicles. Fine-tuning the process will help Tesla cut production costs considerably. Tesla stock closed 1.75% higher at $276.04 on the news. Five people familiar with the matter spoke with Reuters anonymously. According to these...

Going by the new estimates, Morgan Stanley expects that Tesla’s market capitalization will surge by at least $600 billion over the next 12 to 18 months. A recent Reuters report has tipped Tesla Inc (NASDAQ: TSLA), the electric vehicle (EV) maker, as poised to see a major boost in its market capitalization. This follows after Morgan Stanley analysts published a note about Tesla’s Dojo on Sunday. Addressing investors in the note, the team of analysts, led by Adam Jonas, shared how the...

Polestar is trying to create an experience where you can be using an app on your mobile phone and then continue with the app in your car. Polestar, a subsidiary of the Chinese automaker Geely, is preparing to begin production of its Polestar 4 electric cars this year, with a particular focus on the Chinese market. This shows the strategic move by the manufacturer to enter the Chinese market and its priority for technology and innovation. The Chinese market appears to be appealing due to...

Historically, the United States has relied on other countries for battery materials and components. However, a growing number of automakers and battery manufacturers are announcing plans to establish battery production facilities within the United States.  The US Department of Energy (DOE) recently unveiled a $15.5 billion funding and loan package as part of President Biden‘s ambitious “Investing in America” agenda. This initiative announced by the Biden administration primarily focuses on...

CoinspeakerXiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth. Xiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos

CoinspeakerBYD Shares Soar Following Impressive Q2 2023 Earnings Report BYD faces fierce competition from both domestic rivals and Tesla in a relentless price war. The battle for market share led to price cuts from all sides, with the goal of increasing accessibility and product penetration. BYD Shares Soar Following Impressive Q2 2023 Earnings Report

CoinspeakerBYD Electronics Expands with $2.2B Acquisition of Jabil’s Mobility Business The company said the acquisition is expected to enhance its market share and foster synergy with its existing products, ultimately boosting its overall competitiveness. BYD Electronics Expands with $2.2B Acquisition of Jabil’s Mobility Business

CoinspeakerXpeng Shares Fall 7% after the EV Company Posts Q2 2023 Loss Worse Than Q1 Xpeng shares fell because the company's loss increased in Q2 2023. However, deliveries and revenue are still looking good even for Q3. Xpeng Shares Fall 7% after the EV Company Posts Q2 2023 Loss Worse Than Q1

CoinspeakerEV Maker VinFast to Debut on Nasdaq Following SPAC Merger In the heart of the rapidly evolving EV market in the United States, the Vietnamese automaker is confidently carving out its niche.  EV Maker VinFast to Debut on Nasdaq Following SPAC Merger

CoinspeakerVirgin Galactic to Launch First Private Tourists Space Travel Virgin Galactic has highlighted that its narrative doesn't end with the launch of the VSS Unity, but extends to the development of an even more sophisticated fleet, aptly named the Delta class. Virgin Galactic to Launch First Private Tourists Space Travel