Baird analyst Ben Kallo offers contrasting assessments of Tesla and Rivian. Tesla remains a top pick due to its long-term growth potential, driven by new models and cost efficiencies. Rivian, however, faces a tougher near-term outlook due to demand concerns and production challenges, resulting in a neutral rating. The analysis reflects the complex dynamics shaping the EV market in 2025.
Elon Musk’s Tesla is back in the Indian market hunt, exploring showroom spaces in Delhi and Gurugram. This renewed interest follows earlier stalled plans and could signify a major shift in Tesla’s strategy for one of the world’s fastest-growing economies. The move comes amidst India’s push to boost its electric vehicle sector.
The global electric vehicle tire market is poised for significant growth, projected to reach USD 13.71 billion by 2031, driven by the increasing adoption of electric vehicles (EVs) and technological advancements in tire design. As EV sales continue to surge, the demand for specialized tires that can handle the unique demands of EVs is rapidly expanding. This report analyzes the market trends, growth drivers, and key players shaping this evolving sector.
Volvo is accelerating its U.S. launch of the EX30 electric SUV, bringing forward deliveries to before the end of 2024. This decision comes after the company faced a delay last year due to tariffs on Chinese-made EVs. Production is now shifting to Belgium to ensure American customers can enjoy the compact, high-performance EV.
The Auto Care Association and MEMA Aftermarket Suppliers have released their 2024 Joint EV Trends and Outlook Forecast, revealing a cautious outlook on EV market penetration due to consumer concerns about charging, pricing, and service frequency. The report dives into key factors influencing this cautious growth, providing valuable insights for the aftermarket industry to adapt to the evolving electric vehicle landscape.
Tesla’s electric vehicles are the top choice in Texas, with a 48.7% market share, surpassing the national average. While environmental concerns play a role, cost savings and performance are also major driving forces. This article explores the diverse motivations behind Tesla’s success in Texas and California, highlighting the impact of government policies and the potential for change.
Shares of Nio Inc. (NIO) surged in premarket trading on Monday following reports that the Chinese electric vehicle manufacturer is developing a hybrid electric car under its Firefly brand. This move comes as Nio seeks to expand its reach into overseas markets like the Middle East, North Africa, and Europe, where charging infrastructure for purely electric vehicles remains a hurdle. The company’s recent delivery figures, which saw a 30.5% year-on-year growth in October, also fueled investor optimism.
BorgWarner has secured three significant business wins for its High Voltage Coolant Heater (HVCH) technology, expanding its reach in the Chinese, Korean, and Japanese electric vehicle markets. The company’s advanced HVCH technology is being adopted by leading automakers in these key regions, demonstrating its commitment to driving innovation and sustainability in the automotive industry.
Chinese EV giant BYD has surpassed Tesla in quarterly revenue for the first time since 2022, reporting $11.6 billion in net profit for the third quarter. While BYD’s revenue outshines Tesla, its net profit remains lower, highlighting the difference in their respective business models. This development underscores the fierce competition in the global EV market as both companies strive for dominance.
Ford Motor Co’s (F) stock took a significant dive following the release of its third-quarter earnings report, as the company’s soft earnings outlook and struggles in its electric vehicle segment weighed on investor sentiment. The report highlighted strong revenue growth but was overshadowed by concerns about pricing pressures and rising costs.
