Nikola EV maker, once valued at $30 billion, files for bankruptcy
Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.
Rivian Stock Falls After EV Maker Warns of Slower Sales This Year
Startup Rivian Automotive hit a milestone Thursday, reporting its first quarter of gross profit. The hitch: Much of it was ...
Rivian expects drop in EV deliveries in 2025, sees modest gross profit
Rivian forecast a modest gross profit for the year, as it managed to cut raw material and supply chain costs in its drive for efficiency.
EV maker Nikola files for Chapter 11 bankruptcy protection
EV maker Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday after the embattled company faced ...
Chinese EV maker Xpeng to double global presence to 60 markets in 2025, CEO says
The expansion in Thailand, where only one Xpeng model, the G6, is currently available, is part of its ‘go-global 2.0 strategy ...
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China's EV maker XPeng eyes doubling global presence by year's end
One of China's leading electric vehicle makers XPeng plans to double the number of countries in which the company operates by ...
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Scandal-ridden Nikola — known for its electric semi-trucks — files for bankruptcy
Scandal-scarred electric semi-truck maker Nikola — a pandemic darling once valued at $30 billion — filed for bankruptcy on Wednesday. The company said it is seeking an auction and sale process ...
Elon Musk had his $100 billion Tesla pay package denied by Delaware courts twice. Now, one of the EV maker’s law firms wants to change state law
With help from famed former judge Leo Strine, Delaware lawmakers have raced to propose a bill friendlier to controlling ...