INSIDER
US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
Read full article: US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows furtherNew vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates.
Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
Read full article: Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slowsTesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers.
GM, Stellantis among group investing $33M in company that makes magnets without rare earth metals
Read full article: GM, Stellantis among group investing $33M in company that makes magnets without rare earth metalsThe venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals.
Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor
Read full article: Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer LeapmotorStellantis says it plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer.
Ford slashes prices for F-150 Lightning electric vehicles due to cheaper raw materials, efficiencies
Read full article: Ford slashes prices for F-150 Lightning electric vehicles due to cheaper raw materials, efficienciesThe sticker price on Ford’s F-150 Lightning electric pickup is being lowered by thousands of dollars due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker.