[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…
Tag: Automotive
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…
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 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…
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…
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…