Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
EV pure play’s ambitions have dependencies that may change under a Republican regime
The Croatian EV technology firm will supply drivetrains to the Middle Eastern challenger
The Chinese OEM needs a step change in performance to meets its ambitious year-on-year goal
Nio Motors, the new energy vehicle (NEV) challenger listed in New York, Hong Kong and Singapore, may retain ambitions to double its 2022 sales in 2023. But it is rapidly reaching the stage where it needs to hit the 30,000 units/month sales it hopes to achieve with a full portfolio every month for the rest of the year to meet its aim.
And that appears to be a significant stretch, given that May’s sales fell back slightly from April to just over 6,000 units. Far from offering 100pc year-on-year growth, 2023’s fifth month saw its lead over last year fall back to under 16pc (see Fig.1).
All-electric’s position as the Sino-Swedish OEM’s best-selling vehicle type in Europe suffers October setback
Stellantis is sticking to Italy-only in its strategy to revive the brand, but may be wavering in its commitment to BEVs
The conglomerate tries to get beyond reports of idled production
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