EV companies, battery makers urge Trump not to kill vehicle tax credits

A coalition of electric vehicle manufacturers urges President-elect Trump to keep tax credits, emphasizing their role in job creation in key states following the election.

Airbnb, Trump Media, Affirm fall premarket; Rivian, Lucid rise

US stock futures rise post-election; notable movers include Airbnb, Block, Rivian, and Lucid Group, amidst fluctuating earnings and consumer spending concerns.

Rivian sticks to gross profit target despite part supply disruption

Rivian reaffirms Q4 profit forecast despite a revenue drop, facing production cuts and cash burn as it competes with EV rivals like Lucid and Tesla.

Automakers brace for new tariffs, EV changes under Trump presidency

Xiaomi chief touts Nurburgring record ahead of EV launch

Xiaomi's SU7 Ultra prototype sets a Nurburgring lap record, completing it in 6:46.874 seconds, marking a significant entry into the competitive electric vehicle market.

Reuters Events-US automakers urged to innovate despite tariffs on Chinese rivals

U.S. automakers stress urgency in facing competition from China, emphasizing the need for innovation amid protective tariffs and government measures against foreign rivals.

Lucid says stock sale will provide 'cash runway' well into 2026

Lucid Motors expects improved cash flow from a recent stock sale, plans for new models, and remains optimistic about electric vehicle demand despite current market fluctuations.

Lucid beats quarterly deliveries estimate as price discounts boost demand

Lucid Group exceeded Q3 delivery expectations, delivering 2,781 vehicles despite declining consumer demand for EVs and production challenges, while focusing on upcoming models to drive growth.

Factbox-Layoffs pile up in US, Canada as companies uncertain of economy

In 2024, major companies in the US and Canada continue job cuts amid economic uncertainty, with significant layoffs announced across various industries including technology, automakers, and media.