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
Hertz hails its EV first mover advantage
The rental car heavyweight is betting big on the e-mobility revolution
3 min read
US car rental firm Hertz is reaping initial benefits from its strategy aimed at “creating long-term value through our first mover advantage in electrification”, according to its CEO Stephen Scheer. These include less maintenance, longer keep times on its EVs and lower purchase prices than it had been anticipating.
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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