Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month. The China-based EV maker’s ann...
Tag: Auto
Shaw Communications, Li Auto, Southwest and others
Check out the companies making headlines before the bell: Shaw Communications (SJR) – Canada’s Competition Tribunal dismissed an attempt by the country’s competition watchdog to block the ...
J.P. Morgan Sees 70% Upside for These 2 Auto Stocks
There’s been a lot of talk about the downward economic pressures that have pummeled the markets in 2022 – maybe too much such talk. Yes, the S&P 500 is down almost 21%, and the NASDAQ is down 35%,...
Auto Compounding for APE token staking now live on ParaSpace
ParaSpace recently announced the integration of auto compounding for APE tokens staking on the platform. Now, ParaSpace users can access compounded APY rates for three pools. These pools are APE token...
Why 2023 could be another difficult year for the auto industry
A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters High interest rates, supply chain problems and recessionary fears were among the major challenges for th...
Payments Giant Visa Proposes Using Ethereum L2 Starknet to Bolster Auto Payments for Self-Custodial Wallets – Technology Bitcoin News
Visa, the financial services corporation headquartered in San Francisco, California, published a blog post that talks about leveraging ethereum and the layer two (L2) scaling solution Starknet so peop...
Auto execs less confident in EV adoption amid economic fears: KPMG
A NYC charging station seen in the Yorkville neighborhood of New York City. Adam Jeffery | CNBC DETROIT — Global automotive executives are less confident about the rate of adoption of electric vehicle...
Visa introduces auto payments feature for non-custodial Ethereum wallets
Payment giant Visa considers offering its users automated on-chain crypto payments. The feature will use Ethereum’s Account Abstraction solution. Visa has released a technical paper detailing plans to...
Recession Threatens Europe’s Auto Makers But Hopes For A Mild Downturn Revive
Digital generated image of financial line charts falling down because of coronavirus COVID-19 on … [+] blue background. getty Who’d be a shareholder in a European automotive manufacturer? It’s n...
Li Auto Q3 2022 Outing Sees Revenue Rise 20%, Costs Widen Further
Although Li Auto realized a substantial revenue increase for Q3 2022, the company’s operating costs also rose. Li Auto Inc (NASDAQ: LI) recently posted its Q3 2022 earnings report, which revealed a w...
Li Auto stock dips after company shows wider loss than expected
Shares of Li Auto Inc. LI, -11.44% were off more than 1% in premarket trading Friday after the Chinese electric-vehicle company logged a wider-than-expected loss for its latest quarter. The company po...
Tesla, Chinese Rivals NIO, XPeng and Li Auto Dealt a Major Blow
Tesla dominates the electric vehicle market. Although the market share of Elon Musk’s group has declined in recent years as most legacy carmakers now offer electric models, the manufacturer of ...
Canada’s Largest Pension Sells Apple, Tesla, NIO, XPeng, Li Auto Stock
Canada’s largest pension fund by assets under management recently made striking changes in its investments in Apple and four prominent electric-vehicle makers. Canada Pension Plan cut its stake in App...
UnUniFi Protocol Raises $1.5 Million in Seed Round To Build the First Decentralized Cross-Chain NFTFi Platform With Auto DeFi Yield
December 1, 2022 – New York, New York UnUniFi is very proud to announce the completion of a $1,500,000 strategic fundraise led by Gumi Cryptos Capital, with participation from Coincheck, Hyperithm, MZ...
Nio and Li Auto monthly deliveries hit record numbers as China eases Covid policy
On Wednesday, November 30, shares of Nio Inc (NYSE: NIO), XPeng Motors (NYSE: XPEV), and Li Auto (NASDAQ: LI) all jumped by more than double figures percentage gains. The value of Chinese electric veh...
Black Friday Lite Won’t Do Much To Boost November Auto Sales
The sign in the window says Black Friday, but this year, big discounts that characterized past Black … [+] Friday promotions are largely absent, especially big lease deals. LightRocket via Getty...
Grand Theft Auto Fan Servers Banned From Using NFTs and Crypto
12 seconds ago | 2 mins read NFT News Microsoft took measures last summer to prevent Web3 features. Rockstar Games changed its website last week to explicitly forbid the use. Popular games like Minecr...
Can Li Auto (LI) stock hit $30 in 2023 as new SUV sales kick in?
Li Auto (NASDAQ: LI) finished trading on November 22 at $16.73 −$0.84 (4.78%) today and is down a further -$1.67 (-9.08%) over the past five days. The COVID-induced constraints in the supply chain hav...
Rockstar Games Bans NFTs, Crypto From Grand Theft Auto Fan Servers
In brief Rockstar Games said that NFTs and cryptocurrency can no longer be used in online Grand Theft Auto V servers. Some online servers use NFTs and/or crypto tokens to represent ownership of unique...
Grand Theft Auto maker Rockstar Games bans NFTs on third-party servers
Grand Theft Auto has followed Minecraft in banning NFTs from its third-party online servers. Developers cannot integrate cryptocurrencies or crypto assets such as NFTs, creator Rockstar Games confirme...
S&P 500 Auto Giant GM Leads 5 Stocks Near Buy Points That Could Still Spark
General Motors (GM) leads your stocks to watch for the upcoming week as the S&P 500 auto giant plans to produce 2 million EVs annually by 2025. MercadoLibre (MELI), Shift4 Payments (FOUR), Pure St...
CarMax Breakdown A Bad Sign For Entire Auto Industry
NAPERVILLE, IL – JUNE 19: Cars sitting in the parking lot are reflected in the windows (Photo by … [+] Yana Paskova/Getty Images) Getty Images Investors have mostly looked past automotive ...
Despite German Auto Maker Strengths, 2023 Profit Prospects Look Challenging
BMW i7 electric car was the hole in one prize at the BMW International Open in Munich, Germany. … [+] (Photo by Stuart Franklin/Getty Images) Getty Images Germany’s auto manufacturers have been ...
Auto Dealership Group Purchases Landmark Daytona Harley-Davidson Dealership
Daytona Harley-Davidson sells around 1,000 Harleys annually, according to dealership M&A firm DCG … [+] Acquisitions. PHOTO: Jonny Nomad Media The Florida-based Ed Morse Auto Group, a chain ...
Target, Carnival, Advance Auto Parts, Lowe’s and more
Pedestrians pass by a Target store in the Tenleytown neighborhood of Washington, DC, on August 17, 2022. Mandel Ngan | AFP | Getty Images Check out the companies making headlines in midday trading. Ta...
Carnival, Advance Auto Parts, Varex Imaging
Carnival (CCL): Shares fell more than 13% in extended trading after the cruise line commenced a private offering of $1 billion in convertible senior notes due in 2027. It will be used as part of Carni...
Carnival, Advance Auto Parts and more
In an aerial view, the Carnival Miracle cruise ship operated by Carnival Cruise Lines sits docked at Pier 27 on September 30, 2022 in San Francisco, California. Justin Sullivan | Getty Images Check ou...
Is This Increasingly Electric Auto Giant A Buy Or Sell?
| Getty Images Key Takeaways GM was able to top earnings estimates for the third quarter. GM continues to focus on electric vehicles and energy storage as the company looks to compete directly with Te...
Auto loan delinquencies rise as loan-accommodation programs end
With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto l...
‘Auto makers are building more expensive vehicles’: Why you should not buy a new car in 2023
There are always good reasons for most people not to buy a new car. Such a purchase can set you back for years, as high monthly payments delay the buildup of savings and investments that will be neede...