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Top ELECTRIC VEHICLES News
GM · United StatesGeneral Motors said on Oct. 14 that it will bear a $1.6 billion loss to scale back its electric vehicle (EV) operations, citing weaker expected demand following recent U.S. policy changes that ended federal EV tax credits and loosened emissions rules. The Detroit-based automaker said its Audit Committee approved the loss on Oct. 7, covering the three months ended Sept. 30. The company noted that the loss is part of its plan to realign EV product…See the Story
GM Faces $1.6 Billion Loss as EV Demand Slows
67% Left coverage: 3 sources
Business · SingaporeNio Inc.'s (NYSE:NIO) shares fell over 7% in Premarket trading amid investor concerns over a lawsuit filed by a Singaporean Wealth Fund, alleging the automaker inflated its revenue. Check out the current price of NIO here. Nio’s Hong Kong Listed Shares Fall Too Nio also recorded a 12% drop in its share price on the Hong Kong Stock Exchange, the single-largest drop in value since April this year, CnEVPost reported on Thursday. The drop follows co…See the Story
Tesla Rival Nio Falls 7% In Pre-Market Trading Amid Singapore Wealth Fund Lawsuit Over Alleged Revenue Inflation - NIO (NYSE:NIO)
34% Center coverage: 3 sources
