Lamborghini’s success in recent years can be largely attributed to the strong performance of its Urus SUV, which has played a pivotal role in the Italian automaker’s expansion.
Ford lifted its guidance range for full-year 2023 consolidated adjusted EBIT to between $11 billion and $12 billion.
Although Waymo scales down its autonomous truck technology, it would continue partnership with Daimler Truck North America (DTNA) to develop an autonomous truck platform further.
Volkswagen and XPeng are jointly working on two mid-size battery-electric models that incorporate advanced driver-assist software developed by XPeng. The vehicles will be branded as Volkswagens and launched in China in 2026.
The earnings report showed that Tesla recorded increases across multiple measures, including deliveries, revenue, net income, and EPS.
The UK Tata factory should begin production by 2026, and supply nearly half of the country’s 2030 EV battery demand estimate.
In May, Musk told shareholders at the 2023 annual meeting that Tesla could deliver between 250,000 and 500,000 units yearly as soon as the production of the Cybertruck begins.
Ola Electric’s vision extends beyond electric scooters, as it plans to diversify its product portfolio with the launch of a motorbike by the end of 2023.
General Motors is expected to release detailed Q2 earnings results on July 25.
By reducing prices, Tesla aims to offer a compelling value proposition compared to other electric vehicle options in terms of features, performance, range, and affordability.
China manufactures nearly 80 percent of global gallium and germanium products used in making chips that are critical in AI developments.
One of the key highlights of the Denza N7 is its fast battery charging technology, which enables quicker charging times and enhances the overall convenience for users.
Tesla is faced with heightened competition in many parts of the world, which made the company consider cutting prices this year.
Xpeng is hoping that its new car would help improve the company’s losses even as it has recorded a return to quarterly growth in deliveries.
Tesla is going to release its Q2 financial results expected on Wednesday, July 19, 2023.