Elon Musk's recent decision to create a new political party has stirred up quite a storm. Tesla's stock took a nosedive, dropping by up to 7. 6% in early trading. This happened right after Musk announced his plans, which didn't sit well with former President Donald Trump. Trump wasn't shy about sharing his thoughts, calling Musk's move "ridiculous" and even "off the ...
In China, electric vehicles (EVs) are not just a trendy choice but a practical one. Drivers like Lu Yunfeng and Sun Jingguo prefer EVs because they are cost-effective and eco-friendly. This shift is not just about individual choices but about a national strategy. China, once known for its bicycles, is now leading the global EV market. Guangzhou, a city of over 18 mil...
In China, a fierce price battle is unfolding in the electric vehicle (EV) market. The latest move came from BYD, a major player in the industry. They slashed prices on 22 of their electric and hybrid models. This bold move sent shockwaves through the market, causing the stock prices of several competitors to tumble. BYD's stock took a hit, dropping by 8. 6% in Hong ...
Xiaomi is known for making budget-friendly smartphones and gadgets. But did you know they have made an electric car? It's called the Xiaomi SU7. It's not just any car. It's fast. Really fast. This car can go from zero to 100 kilometers per hour in just 2. 78 seconds. That's as quick as some of the fastest sports cars out there, like the Porsche Taycan Turbo an...
Ford's EV journey has been quite the rollercoaster In 2024 the company faced an electrifying challenge. They lost big money in their electric vehicle division, nearly 5. 1 billion dollars, just short of their losses from 2024. Although the company's revenue from its gasoline cars helped to make up a part of the loss Ford still must face the challenge of a 5. 5 bi...
Have you heard about the boom in China's electric vehicle (EV) market? Analysts are buzzing about its growth and potential. Vincent Sun, an expert from Morningstar, said that China is leading the world in EV sales, with a huge jump to 8 million units sold by the end of September. That's almost half of all cars sold in China! Sun thinks this growth will keep going, wi...
You might know Ford as a classic American car company. However, the CEO of Ford, Jim Farley, has a surprise for us. He's been driving Xiaomi’s electric vehicle (EV) for the past six months and he loves it! Farley, who usually avoids talking about the competition, couldn’t help but share his enthusiasm. Xiaomi's EV, known as the SU7, is making waves in China, selling ...