WSJ News Exclusive | Fisker Ditches Tesla-Style Direct-Sales Model in Favor of Dealerships

[ad_1] The electric-vehicle startup Fisker is abandoning a direct-to-consumer sales model in the U.S. in favor of using traditional dealerships, after it found the approach too expensive and struggled in…

ECD Automotive Design CEO & Co-Founder Publishes Open Letter Outlining Company’s Strategy

[ad_1] E.C.D. Automotive Design Leveraging First Mover Advantage and Public Listing to Lead the “Restomod” Ecosystem KISSIMMEE, Fla., Jan. 03, 2024 (GLOBE NEWSWIRE) — ECD Automotive Design, Inc. (“ECD” or…

Evergrande Auto’s Investment Agreement With Dubai Automaker Lapses

[ad_1] Updated Jan. 1, 2024 9:26 pm ET China Evergrande New Energy Vehicle said an agreement for a Dubai-based automaker to subscribe to its shares has expired, raising fresh doubts…

Lithium Prices Ready to Rally Once More

[ad_1] SYDNEY—Lithium is one of Janus Henderson Investors’ top commodity bets for 2024, despite the metal having a rocky run in recent months as investors fret that the energy transition…

U.S. Auto Sales Bounced Back in 2023

[ad_1] Updated Jan. 3, 2024 11:49 am ET U.S. auto sales rebounded in 2023, boosted by pent-up demand and better availability on dealership lots.  But this year could prove more…

Tesla Faces a Higher Bar for Hype in 2024

[ad_1] Tesla shares had a stellar 2023, in large part because they had such a dismal end to 2022. By the same logic, this year could be tough for the…

Tesla Falls Behind China’s BYD in Quarterly EV Sales for First Time

[ad_1] Updated Jan. 2, 2024 3:32 pm ET Chinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a…

The Hottest Property in Gold Mining Is Copper

[ad_1] ADELAIDE, Australia—Gold miners recently celebrated the precious metal fetching its highest price ever. They are reinvesting much of that windfall in copper. From central Mexico to the Australian Outback,…

Tesla Delivered 1.81 Million Cars Globally in 2023, Hitting Full-Year Target

[ad_1] Updated Jan. 2, 2024 9:46 am ET Tesla delivered about 1.81 million vehicles globally in 2023, meeting its full-year guidance and slightly beating Wall Street’s expectations.  The figure was…

China’s EV Champion BYD Will Take on the World in 2024

[ad_1] China’s electric-vehicle maker BYD will be on top of the world this year, with overseas markets its main battleground. At home, it already surpassed Volkswagen as the most popular…