Tag Archives: Automobile manufacturing

BMW opens third EV plant in China as it ramps up challenge to Tesla

German automaker BMW is ramping up production of electric vehicles in China as it looks to catch up with leaders Tesla and domestic rivals like BYD. The new plant in Shenyang is BMW’s third in China and brings its annual production capacity in the country to 830,000 cars. Anadolu Agency …

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Musk says Tesla Berlin and Austin factories losing billions of dollars

“The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Tesla’s newest car factories in Texas and Berlin are losing “billions of dollars right now” …

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Sony and Honda team up to develop electric cars with goal of sales beginning in 2025

Kenichiro Yoshida, Chairman, President and CEO of Sony Group Corporation, speaks as he introduces the VISION-S 02, an SUV prototype vehicle, as the VISION-S 01, announced in 2020, is on display during a Sony press event for CES 2022 at the Mandalay Bay Convention Center on January 4, 2022 in …

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Three out-of-the-box ways to trade the rise of electric vehicles in 2022

Investors may want to look under the radar for electric vehicle plays in the year ahead, two traders say. With popular stocks such as Tesla and Nikola reaching exorbitant valuations, “we’re trying to play around the edges,” Laffer Tengler Investments’ Nancy Tengler told CNBC’s “Trading Nation” on Thursday. “There’s two …

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