Every EVXL story tagged “NIO” — newest first.
Tesla is sending executive Tom Zhu back to China amid slumping sales and increased competition in the world’s largest electric vehicle market. Zhu, who was promoted to senior vice president of automotive in April 2023, previously led Tesla’s entry into China and oversaw the company’s Asia Pacific operations, Bloomberg reports. Zhu’s Role and Promotion Tom…
Canadian lawmakers are facing mounting pressure from auto manufacturers, steel producers, and union officials to significantly increase tariffs on Chinese imports, reports Bloomberg. The push comes after US President Joe Biden announced substantial tariff hikes on Chinese goods, including a fourfold increase on Chinese electric vehicles. Why the Push for Higher Tariffs? Canadian industries warn…
Jeep has unveiled its first electric model for the US, the Wagoneer S, a premium SUV with an estimated 300 miles of range. The Launch Edition, the only trim announced so far, starts at $71,995 and goes on sale this fall. More affordable versions will follow. What’s New with the Wagoneer S? The Wagoneer S…
Sales of used Tesla Model Y cars are surging as their prices fall significantly. The trend reflects a broader shift in the electric vehicle (EV) market, where both new and used EV inventories are increasing, leading to lower prices and higher consumer interest, reports Forbes. Price Drops Drive Demand Used 2021 Tesla Model Y vehicles…
Major Job Cuts Hit Tesla in California Tesla has announced significant layoffs in California, cutting over 600 jobs across its manufacturing and engineering sectors. These job cuts are part of a broader reduction strategy the company has been implementing this year, reports Forbes. Overview of the Layoffs Tesla plans to eliminate 601 positions at its…
Europe is witnessing a new wave of cars on its roads - Chinese electric vehicles (EVs). However, these newcomers from the East aren't just
Despite encroaching competition in the colossal auto market of China, Tesla is poised to set a new record for its quarterly sales, with expectations
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