Vehicle Sales
Timetable for more affordable Tesla slips further
Musk no longer dangling the possibility of a 2024 rollout of his firm’s new offering
Corporate Strategy
GM sticks to EV margin guns
Detroit-based OEM banking on robust pricing and efficiency gains
4 min read
US automaker GM will not be rowing back from its goal to improve margins on its EV sales to low-to-mid single digits by 2025, even though it has been hit by a module assembly capacity issue that threatens to drag on until year-end. Cost savings and discipline on price are the levers with which it aims to improve EV profitability.
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Chinese OEMs
BYD signs Turkey plant deal
The Chinese firm to invest $1bn in the Europe-adjacent country
Volkswagen
VW invests $5bn in Rivian JV
OEMs will develop joint EV platform architecture while Rivian gets much-needed boost to its coffers
BMW
BMW receives commercial L3 autonomy approval
German OEM becomes first automaker to offer L2 and L3 systems in one vehicle
Corporate Strategy
Third party revenue share dampens Tesla robotaxi value outlook
App makers will eat into potential robotaxi revenue, says RBC analyst Tom Narayan