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Nio Blitzes SUV Market: Flagship ES9, Onvo L80 Set For May Launch
Yahoo Finance· 2026-02-27 14:30
Nio Inc. (NYSE:NIO) is gearing up for an aggressive SUV expansion, unveiling plans to roll out new flagship and sub-brand models in the coming months as it intensifies competition with rivals including Tesla Inc. (NASDAQ:TSLA) and Li Auto Inc. (NASDAQ:LI) in China's fast-growing electric vehicle market. Qin Lihong, co-founder and president of the automaker, outlined the company's near-term product strategy during a recent community event, CnEV Post reports. He shared timelines covering both the core Nio l ...
Stellantis reports massive $26.3 billion loss, but improving 2nd half results as turnaround slowly begins
Yahoo Finance· 2026-02-26 12:31
Core Viewpoint - Stellantis reported a significant full-year loss primarily due to a $26 billion charge related to electric vehicles (EVs), but showed signs of improvement in the second half of the year under CEO Antonio Filosa's leadership [1]. Financial Performance - Stellantis achieved H2 net revenue of 79.25 billion euros ($93.47 billion), aligning with the forecast range of 78 billion to 80 billion euros ($91.87 to $94.23 billion) and representing a 10% increase from 71.86 billion euros ($84.64 billion) in the previous year [2]. - The company recorded a second-half adjusted operating income (AOI) loss of 1.38 billion euros ($1.63 billion), within the forecast range of 1.2 billion to 1.5 billion euros ($1.41 billion to $1.77 billion), contrasting with a gain of 185 million euros ($218 million) in H2 2024 and a profit of 10.2 billion euros ($12 billion) in 2023 [3]. Production and Shipments - Global shipments improved in H2, with an 11% increase to 277,000 units, with all regions reporting higher volumes [4]. Full-Year Results and Charges - For the full year, Stellantis reported a net loss of 22.3 billion euros ($26.3 billion), attributed to 25.4 billion euros ($29.96 billion) in unusual charges [4]. - The company disclosed a 22.2 billion euro ($26 billion) EV-related charge, with cash payments of 6.5 billion euros ($7.7 billion) to be made over the next four years and additional charges of 14.7 billion euros ($17.34 billion) expected in the second half of 2025 [5]. Strategic Adjustments - The charges stemmed from the company's decision to abandon its previous aggressive EV targets, reflecting an overestimation of the energy transition pace and a misalignment with customer preferences [6]. - The write-down included the cancellation of the planned Ram 1500 BEV and battery gigafactories in Italy and Germany, as well as impairments to several EV platforms, primarily due to new US emissions regulations and a need to realign production plans [6].
RIVN Stock 2026 Forecast: What to Expect as Rivian Sees ‘Inflection Year’
Yahoo Finance· 2026-02-25 18:41
Rivian's (RIVN) stock has looked weak over the last few trading sessions and has pared some of the gains following an impressive Q4 2025 earnings report last week. Electric vehicle (EV) stocks have been out of favor with investors for quite some time, and even Tesla (TSLA) has stopped talking less about electric cars as it positions itself as an artificial intelligence (AI) play. Rivian, along with Lucid Group (LCID), remains among the rare breed of U.S. EV startups that survived the slump, and most othe ...
Lucid (LCID) - 2025 Q4 - Earnings Call Transcript
2026-02-24 23:32
Lucid Group (NasdaqGS:LCID) Q4 2025 Earnings call February 24, 2026 05:30 PM ET Company ParticipantsAndrew Perugi - Managing DirectorMarc Winterhoff - Interim CEONick Twork - Vice President of CommunicationsTaoufiq Boussaid - CFOConference Call ParticipantsAndres Sheppard - Senior Equity AnalystItay Michaeli - Senior AnalystJames Picariello - Stock AnalystOperatorGood day, and welcome to Lucid Group's fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. After the spea ...
Giant Containers Retained to Design, Deliver New Modular Structures for World-Leading EV Company
Globenewswire· 2026-02-24 12:30
Project supports client’s continued expansion with multiple custom steel modular systems across several U.S. sitesCONROE, Texas, Feb. 24, 2026 (GLOBE NEWSWIRE) -- via IBN – Giant Containers, a subsidiary of Olenox Industries (Nasdaq: OLOX), today announced it has been retained to design and deliver new modular solutions for a leading electric vehicle (EV) company across multiple U.S. locations. The multi-site engagement will focus on the design, manufacture and deployment of scalable, modular buildings that ...
Ford Motor Switches To Chinese Battery Tech For Its New $30,000 Electric Pickup
Seeking Alpha· 2026-02-23 16:39
I am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books and am an acknowledged expert on the world automotive industry.Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receivin ...
Elektros Heralds a New Era in Lithium Leadership Amid Global EV Renaissance
Accessnewswire· 2026-02-23 14:45
Elektros Heralds a New Era in Lithium Leadership Amid Global EV Renaissance ELEMENT--[Back to the Newsroom]# Elektros Heralds a New Era in Lithium Leadership Amid Global EV RenaissanceSUNNY ISLES BEACH, FL / [ACCESS Newswire]/ February 23, 2026 / Elektros Inc. (OTC PINK:ELEK), a hard-rock lithium mining developer with operations in Sierra Leone, today announced the advancement of a comprehensive Q1 media and communications strategy designed to enhance transparency, deepen investor engagement, and underscore ...
Should You Buy Lucid While It's Below $10?
The Motley Fool· 2026-02-23 04:05
Core Viewpoint - Lucid is facing significant challenges in the electric vehicle (EV) market, with its stock down 90% over the past three years due to slowing sales and financial difficulties [1] Company Performance - Lucid's Air sedan is recognized for its impressive technology, holding the world record for the longest distance driven on a single charge at 749 miles [3][4] - The company doubled its vehicle production in 2025 to 18,378 vehicles, with deliveries increasing by 55% to 15,800 [4] - Lucid is developing a more affordable EV model expected to start production later this year, priced around $50,000, which could attract more buyers [5] Financial Challenges - Lucid reported losses of $1 billion in Q3, significantly outpacing its sales of $337 million [6] - The company is likely to continue facing difficulties in reducing losses as it prepares for the launch of its lower-priced EV, which involves high costs [7] Industry Context - The overall EV market is struggling, with U.S. EV sales falling by 36% in Q4 2025 year-over-year [9] - The termination of the EV tax credit program and rising vehicle costs are additional challenges for EV manufacturers [9] - Despite rising vehicle sales, Lucid's total sales remain low, with just over 18,000 vehicles sold in a year, raising concerns about future success [10]
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Rivian Shares Surged on Delivery Forecast. Is It Too Late to Buy the Stock?
Yahoo Finance· 2026-02-20 19:04
Rivian Automotive (NASDAQ: RIVN) shares skyrocketed last week after the company projected robust vehicle deliveries for 2026 when it reported its fourth-quarter results on Feb. 12. However, even after the huge jump in share price, the stock is still trading down about 15% year to date, as of this writing. Let's dig into the electric vehicle (EV) maker's results and prospects to see whether or not it's too late to buy the stock. Where to invest $1,000 right now? Our analyst team just revealed what they bel ...