The Chinese EV startup needs more money, and fast NIOs new EC6 SUV, which is expected to hit the road in late 2020. Images: NIO NIO, Chinas leading EV startup, announced its third production vehicle this past weekend, a small and sporty all-electric SUV ca…
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Month: December 2019
China-based NIO’s shares skyrocket as the Tesla rival beats investor expectations
Shares of NIO, a China-based electric car manufacturer, are soaring this morning after the company’s Q3 2019 earnings beat investor expectations. NIO’s surprise win comes directly on the heels of Tesla, a competitor, announcing the delivery of its first cars …
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Does Germany’s Vaunted Car Industry Have Long to Live?
Within the European Union, too, Germany has invested heavily in protecting its automotive industry. When the bloc introduced limits on carbon dioxide emissions for cars in 2013, Ms. Merkel was able to water down the commissions proposal in favor of Germanys a…
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Elon Musk says SpaceX hopes to launch Starship for the first time within ‘2 to 3 months.’ But the ship may be just one of 20 different prototypes.
At SpaceX, the rocket company founded by Elon Musk, progress sometimes looks like a dramatic explosion and an assembly line of shiny new spaceships. During a fuel tank pressurization test on November 20, an accidental explosion blew the top off SpaceX’s firs…
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NewsWatch: Stocks mark steepest slide in about 4 weeks with one trading day left in 2019
U.S. stock indexes finish Monday trading with their worst declines in about four weeks, as markets retreat in the penultimate session of 2019, following a powerful stretch of returns, supported in the final few weeks by optimism over an initial trade pact wit…
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