EVIndustry

BYD's Earnings Report: A Potential Game-Changer in the EV Market Capitalization Battle with CATL

7 days ago

The electric vehicle (EV) sector is abuzz as BYD, a major Chinese EV manufacturer, gears up to disclose its earnings report, which could significantly impact its market capitalization competition with battery giant CATL. Analysts speculate that this announcement may redefine the dynamics within the rapidly evolving electric vehicle marketplace.

Ola Electric Slashes Workforce by Over 1,000 Jobs Amid Financial Struggles

29 days ago

In a significant move to address severe financial challenges, Ola Electric has reportedly made the decision to reduce its workforce by over a thousand employees. This staggering reduction comes as the electric vehicle manufacturer grapples with mounting losses that have prompted urgent action to stabilize its operations and preserve its future.

Lithium Suppliers Aim to Stabilize Prices Ahead of 2025 Negotiations

3 months ago

As the demand for lithium continues to surge alongside global interest in electric vehicles and renewable energy, suppliers are strategically positioning themselves for upcoming price negotiations in 2025. In a challenging market context, where prices have seen substantial fluctuations, lithium producers are keen to enforce measures that will allow them to rein in price discounts.

Shockwaves in the EV Industry: Ideanomics Files for Bankruptcy After SEC Settlement

4 months ago

In a startling development for the electric vehicle (EV) sector, Ideanomics, a firm known for its ventures in the growing EV market, has filed for bankruptcy. This decision comes on the heels of a recently settled investigation with the Securities and Exchange Commission (SEC) over charges related to securities fraud. The announcement sent ripples through the financial community, raising concerns regarding the sustainability of businesses in the tumultuous landscape of green technology.

Northvolt: Meeting Tax Obligations Signals Positive Shift for Troubled Battery Maker

6 months ago

In a significant development for the beleaguered battery manufacturer Northvolt, the company has successfully met its tax obligations, marking a critical test of its resilience amidst ongoing internal and external challenges. This notable payment comes at a time when the electric vehicle (EV) sector is continuously evolving, making such milestones crucial for stakeholders and the broader industry.

Ola Electric's IPO Sparks Interest But Struggles Amid Social Media Drama

6 months ago

Ola Electric, the prominent Indian electric vehicle manufacturer, made headlines recently with its much-anticipated initial public offering (IPO). However, the initial excitement surrounding the company's stock offering has been quick to diminish, owing in part to a contentious debacle unfolding on social media platforms.

US Curbs on Chinese EV Software Tech Could Lead to Retaliation

6 months ago

The United States has tightened its rules on technology exports to China by targeting the specific software critical in making electric vehicle batteries, thus raising fears that Beijing may strike back with a move that could disrupt the global electric vehicle market.