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Considering the tight market conditions, Nio has also put its expansion plans on hold for the time being. It has stopped any additional incentive programs such as free battery swaps for new users. In the latest development on Monday, June 12, Chinese electric carmaker Nio announced cutting the prices of
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17-year-old Tesla is now more valuable than 83-year-old Toyota (less its Treasury holdings). Investors seem to have ignored Elon Musk’s tweet from weeks ago that said the stock price was too high. Competition is heating up in the alternative energy vehicle category from both new and old automakers. Tesla (NASDAQ:TSLA) hit a milestone
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Volvo Cars is the first car manufacturer company that will implement blockchain technology to trace cobalt in its batteries for ethical purposes.Volvo made the announcement during the launch of XC40, its first ever fully electric car. Why would a user of an electric car need to trace cobalt? The key
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