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Auto parts seller LKQ cuts 2024 sales forecast as warm weather slows demand – ET Auto

Baua Electric

Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. It now expects to report organic revenue growth for parts and services between 2.5% for 2024, down from its prior guidance of 3.5%

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More Tesla Sales Forecasts — And By Factory!

CleanTechnica EVs

Right after I finished and published an article on my 2021 Tesla sales forecasts, I went to Twitter to find it and retweet it. I quickly spotted a tweet from Troy Teslike showing his own forecasts (published a couple of hours before mine). So, being a big fan of his work, I thought I’d look […].

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CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months

CN EV Post

The CPCA has raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, with the possibility of further increases in the fourth quarter. The post CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months appeared first on CnEVPost.

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Goldman Sachs raises 2023 forecast for China auto sector to reflect faster-than-expected Covid reopening

CN EV Post

The post Goldman Sachs raises 2023 forecast for China auto sector to reflect faster-than-expected Covid reopening appeared first on CnEVPost. For more articles, please visit CnEVPost. After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.

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Fisker announces massive earnings miss, paints bleak financial forecast

Teslarati

Lucid Motors was the first domino to fall this week , releasing its Q1 earnings report, which showed investors weakening demand, a flimsy financial position, and a disheartening production forecast. Foremost, the automaker announced a production cut to its incredibly optimistic 2023 forecast. What do you think of the article?

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CITIC Securities raises its forecast for NEV sales in China to 6 million units this year

CN EV Post

The post CITIC Securities raises its forecast for NEV sales in China to 6 million units this year appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Wolfspeed forecasts dour quarterly revenue on weak demand for its semiconductors – ET Auto

Baua Electric

Chipmaker Wolfspeed forecast third-quarter revenue below estimates on Wednesday, as slower sales growth for electric vehicles hurt demand for its semiconductors used in them, sending its shares down 2% in extended trading. from 29% in 2023, according to Canalys.

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