NIO Sets Sales Record In May But Is Still Far Behind Tesla
NIO sales more than doubled year over year in May, but it was still blown away by the Tesla Model 3.
NIO sales more than doubled year over year in May, but it was still blown away by the Tesla Model 3.
Amazon announced last week that it had created a $2 billion climate pledge fund that it will use to invest in companies that build products, services, and technologies that will decarbonize the economy and protect the planet.
Today, Fastned acquired the fast-charging company MisterGreen. MisterGreen is the fast-charging provider of the EV lease company of the same name.
In my article yesterday, I broke down what Tesla’s Q2 production numbers looked like in a worst case and best case scenario. Now, I’m going to share what I think those numbers will actually be, and why.
Lithium iron phosphate batteries may be the new normal for electric cars, which could lower EV prices and ease consumer fears about the cost of replacing a battery.
An energy paradigm shift is underway. According to Bloomberg, “Tesla Inc.’s market value has surpassed Exxon Mobil Corp.’s in a sign that investors are increasingly betting on a global energy transition away from fossil fuels.” Bloomberg touted the turning point as a “symbolic energy shift” that could signify a seismic transformation taking place in the sector.
Since Tesla stock has been on a rapid rise since November, there hasn’t been nearly as much FUD running across my feeds, but without fail there are a few analysts that are certain it’s about to all fall apart.
For years, every chance we got, Kyle Field and I asked BYD executives when they’d be bringing their electric vehicles to Europe and North America — even asking BYD Chairman, CEO, and Founder Wang Chuanfu himself (twice). At long last, though, BYD is launching one of its popular electric vehicles in Europe, kicking off in Norway (naturally).
Miami, where you at? NYC, where you at? Chicago, where you at? Los Angeles, where you at? Chile just order 150 electric buses from BYD to transport people around its capital city of Santiago. Yes, 150!
After a Covid-derived drop in April (-16% year over year), the European passenger plug-in vehicle market went back to black in May, having scored 46,800 registrations (+23%), a great performance considering the overall market is still recovering (-57% in May).