New car registrations in the UK fell 6% year-on-year to 144,288 in October this year, the second decline this year, according to the Society of Motor Manufacturers and Traders (SMMT), Reuters reported recently.The SMMT said registrations for all power types, except for purely electric vehicles, fell in […]
On November 7, Faraday Future (FF), a global shared smart electric mobility ecosystem company, announced its financial results for the third quarter of 2024. Among the results, operating expenses fell 92.6% year-over-year to $3.8 million; operating loss decreased to $25.2 million from $66.4 million in the same period […]
According to foreign media reports, the European Union’s climate commissioner reiterated on Nov. 7 that the EU plans to stop selling cars that contain carbon dioxide emissions by 2035 and tighten carbon dioxide emission limits next year. Previously, some member state governments and automakers pressured the EU […]
On November 6, South Korean Trade Minister Cheong In-kyo said he expects local Korean companies to invest more in the U.S. if the next U.S. administration raises tariffs on imported products. If the U.S. adopts protectionist measures, the South Korean government will engage in trade diplomacy, while individual companies may move faster, Cheong In-kyo said. […]
Electric car manufacturer Lucid Group (NASDAQ: LCID) released an exciting third-quarter financial report, showing that the company’s revenue exceeded Wall Street expectations, thanks to strong market demand for its luxury electric sedans. With the rapid development of the electric vehicle market, Lucid’s performance has attracted great attention from investors, causing its stock price to rise […]
On November 5, Italian luxury automaker Ferrari announced that in the third quarter of this year, its net revenue rose 6.5% year-on-year to 1.644 billion euros; adjusted EBITDA rose 10.3% year-on-year to 467 million U.S. dollars; adjusted EBITDA margin was as high as 28.4%, higher than that of […]