Amazon.com Inc (NASDAQ: AMZN) and Ford Motor Co (NYSE: F)-backed electric vehicle maker Rivian is on track to begin deliveries of its electric pickup truck R1T in September, as per Teslarati.com,
Chinese regulatory scrutiny has come to haunt companies across sectors and the latest to suffer from the increased oversight is Warren Buffett-backed EV manufacturer BYD Company Limited (OTC: BYDDF).
Cathie Wood-led Ark Invest on Monday continued its buying spree in Palantir Technologies Inc (NYSE: PLTR), piled up 2.57 million shares — estimated to be worth about $63 million — on the dip.
Palantir shares closed 1.61% lower at $24.50 on Monday.
Chinese automaker BYD Co Ltd (OTC: BYDDF) (OTC: BYDDY) said on Thursday it has begun deliveries of electric sports utility vehicle Tang in Norway, weeks ahead of homegrown rival Nio Inc’s (NYSE:
EV sales in China surged in July. On Wednesday, the China Association of Automobile Manufacturers (CAAM) revealed that wholesale deliveries of new EVs that include battery-powered, plug-in hybrid and hydrogen fuel-cell cars rose 164% YoY last month. These 271,000 units imply that EVs made 10 percent of total auto sales in China from January to July.