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 8% in after-hours trading. Lucid’s third-quarter revenue was US$225 million, higher than the average Wall Street analyst expectation of US$208 million. This performance shows Lucid’s competitiveness in the electric vehicle market, especially in the field of high-end luxury electric sedans. The company’s Lucid Air model continues to attract a lot of consumers’ attention with its […]
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 the same period of the year-ago period of 27.4%; and adjusted net profit rose 13% year-on-year to 375 million U.S. dollars; Adjusted EBITDA rose 7 percent year-on-year to 638 million euros, slightly higher than analysts’ expectations. However, in the third quarter of this year, Ferrari’s total car shipments fell 2% […]
On November 6, Toyota announced that its second fiscal quarter (July to September) net sales of 11.4 trillion yen, basically unchanged from the same period last year; operating profit of 1.16 trillion yen, a year-on-year drop of 19.4%, lower than the same period last year of 1.44 trillion yen, but also lower than analysts’ average estimate of 1.25 trillion yen; net profit of 573.7 billion yen, compared to the same period a year ago 128 million yen almost cut, down 55%. In the first half of the fiscal year (April-September this year), Toyota’s revenue rose 5.9% year-on-year to […]
Massachusetts voters passed a ballot measure on Nov. 5 that would allow online taxi drivers to unionize, making it the first U.S. state to allow drivers for ride-hailing companies such as Uber and Lyft to unionize, according to foreign media reports. U.S. media reported that results were in from 94 percent of precincts, with 53.9 percent of voters backing a new framework that would allow online ride-hailing drivers, who are considered independent contractors by the companies, to organize and collectively bargain with the companies over pay and benefits. American Media announced the results of the vote on Nov. 6 […]
According to Reuters, on November 3, Martin Kupka, Minister of Transport of the Czech Republic, said that when the EU’s stricter carbon dioxide emissions regulations will take effect next year, the Czech Republic will join the ranks of Italy to seek preventing automakers from facing the discharge of discharge. Heavy penalties. Martin Kupka said that due to the decline in European electric vehicle demand, auto manufacturers will face many difficulties in achieving new carbon emissions targets. Martin Kupka added that the Czech Republic and Italy have reached an agreement and will put forward a common position during the meeting […]
NAAMSA has attributed the decline in South Africa’s exports to “replacement of a South African large -scale OEM model, the stricter emission regulations in the European Union, and the influx of low -cost electric vehicles in China.” As South Africa’s largest automobile export market, the European Union has been gradually implementing stricter carbon emissions regulations to reduce carbon dioxide emissions of cars. Naamsa CEO Mikel Mabasa said that the European automobile market is weak because the EU’s economic growth rate in the first three quarters of this year is 0.3%, and Germany is expected to decrease by 0.2%of its […]