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Zacks News
Li Auto (LI) Slashes Q3 Delivery Forecast Amid Chip Dearth
by Zacks Equity Research
Li Auto (LI) now expects to deliver about 24,500 vehicles in the third quarter, down from the previous outlook of vehicle deliveries between 25,000 to 26,000 units.
EV Roundup: TSLA Under NTSB Scrutiny, WKHS Drops Suit Against USPS & More
by Rimmi Singhi
While Tesla's (TSLA) Model 3 crash in Florida triggers 2nd NTSB scrutiny for the firm this year, Workhorse (WKHS) voluntarily withdraws its lawsuit against USPS over mail truck contract.
EV Roundup: TM's $13.5B Battery War Chest, NIO's $2B Share Offering & More
by Rimmi Singhi
Toyota (TM) grabs headlines with its $13.5 billion investment plan to develop EV batteries. Meanwhile, NIO stock price declines as it plans to raise $2 billion through a stock offering.
Tesla (TSLA) Raises Model Y Performance Car Price in China
by Zacks Equity Research
Tesla (TSLA) hikes price of the Made-in-China Model Y's Performance version by 10,000 yuan ($1,550) or 2.6% due to higher manufacturing costs.
NIO Shares Tumble More Than 6% on News of $2B U.S. Stock Sale
by Zacks Equity Research
NIO's latest fundraising will be the biggest U.S. equity offering by a Chinese company since Didi Global raised $4.4 billion from U.S. investors in June 2021.
XPeng (XPEV) Launches World's 1st AI-Powered Horse for Riding
by Zacks Equity Research
XPeng (XPEV) releases the first-of-its-kind AI featured intelligent robot horse that people can ride, thus gaining a place in the robotic zoo.
Are NIO, LI & XPEV Worth the Wager Post Q2 Results?
by Rimmi Singhi
While NIO, LI and XPEV post improved year-over-year Q2 results, do they appear solid bets especially given their premium valuations?
LI Auto (LI) Q2 Loss Narrower Than Expected, Q3 View Solid
by Zacks Equity Research
LI Auto (LI) expects third-quarter 2021 deliveries in the band of 25,000-26,000 vehicles, signaling a year-over-year uptick in the range of 188.7-200.2%.
Auto Stock Roundup: AAP & XPEV's Q2 Results, F's Output Cut & More
by Rimmi Singhi
While Advance Auto Parts (AAP) and XPeng (XPEV) deliver improved year-over-year results for Q2, Ford (F) is yet again forced to slash production of F-150 pickup amid chip concerns.
XPeng (XPEV) Q2 Loss Narrows, Sales Jump Y/Y on Solid Deliveries
by Zacks Equity Research
XPeng expects third-quarter 2021 deliveries in the band of 21,500-22,500 vehicles, signaling a year-over-year uptick in the range of 150.6-162.3%.
Li Auto (LI) Warming Up to Q2 Earnings: What Can Investors Expect?
by Zacks Equity Research
Stiff competition in the Chinese EV market, along with soaring R&D and SG&A expenses, is likely to have adversely impacted Li Auto's (LI) Q2 performance.
XPeng (XPEV) Intensifies Competition on Export of P7 Sedan to Norway
by Zacks Equity Research
The news of XPeng (XPEV) exporting its P7 sedan to Norway comes in eight months after the company shipped the G3 SUVs to Norway.
Auto Stock Roundup: TSLA's AI Day, GPI & WGO's Payout Hike & More
by Rimmi Singhi
While Tesla (TSLA) generates a huge buzz with various futuristic announcements on AI day, Winnebago (WGO) and Group 1 Automotive (GPI) cheer investors with dividend increase.
XPeng Inc. Sponsored ADR (XPEV) Gains As Market Dips: What You Should Know
by Zacks Equity Research
In the latest trading session, XPeng Inc. Sponsored ADR (XPEV) closed at $37.72, marking a +0.56% move from the previous day.
EV Stocks Close in the Red: What is to be Blamed?
by Rimmi Singhi
Tesla (TSLA) and NIO's shares decline yesterday owing to concerns related to regulatory scrutiny on advanced driver-assist features in vehicles.
NIO's Q2 Loss Narrows, Sales Jump Y/Y, Q3 Outlook Robust
by Zacks Equity Research
NIO expects third-quarter 2021 deliveries in the band of 23,000-25,000 vehicles, signaling an uptick in the range of 88.4% to 104.8%.
Is XPeng Inc. Sponsored (XPEV) Outperforming Other Auto-Tires-Trucks Stocks This Year?
by Zacks Equity Research
Is (XPEV) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Zacks Industry Outlook Highlights: Toyota Motor, Daimler, CNH Industrial and XPeng
by Zacks Equity Research
Zacks Industry Outlook Highlights: Toyota Motor, Daimler, CNH Industrial and XPeng
4 Foreign Auto Stocks Braving Multiple Industry Headwinds
by Rimmi Singhi
While global chip famine and rising delta variant coronavirus infections are playing spoilsport to the Zacks Foreign Auto industry, firms like TM, DDAIF, CNHI and XPEV are set to reap long-term rewards from their electrification efforts.
4 EV Stocks to Buy on Accelerated Focus on Sustainable Future
by Sreoshi Bera
EVs are spearheading the change toward a sustainable future, which calls for investing in Tesla (TSLA), Ford (F), General Motors (GM) and XPeng (XPEV).
Tesla (TSLA) Recalls Vehicles in China Over Defective Cruise Control
by Zacks Equity Research
Tesla's (TSLA) latest recall consists of 211,256 domestically-produced Model 3 sedans and 35,665 imported ones, as well as 38,599 China-made Model Ys.
4 Stocks to Ride China's Robust EV Market
by Rimmi Singhi
General Motors (GM), Tesla (TSLA), Ford (F) and NIO seem well positioned to make the most of the opportunities in the flourishing China EV market.
Tesla (TSLA) Tumbles 5.3% in a Day: What Triggered the Plunge?
by Zacks Equity Research
Tesla's (TSLA) sales in China on a decline due to vehicle recalls and safety investigations in the country.
NIO Extends Joint Manufacturing Agreement With JAC by 3 Years
by Zacks Equity Research
Per the latest agreement, NIO vehicles will continue to be manufactured in the JAC factory through May 2024.
Here's Why Magna (MGA) is Poised Well to Ride on EV Mania
by Rimmi Singhi
Magna (MGA), which remains focused on innovation and technology development, expects hybrid and electric technologies to bolster the top line, going forward.