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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. This is despite the near-constant supply shortages that have plagued (and continue to plague) the auto industry, notably in Europe. BMW stock chart by TradingView.

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BMW taps humanoid startup Figure to take on Tesla’s robot – ET Auto

Baua Electric

Working with BMW on automation in a manufacturing facility is a huge validator for us in the space,” Adcock said. Robotics startup Figure said it has signed a partnership with BMW Manufacturing to deploy its humanoid robots in the car maker’s facility in the U.S., “We have designed the robot to be safe next to humans.

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BMW gives you extra cash to switch from a Tesla or other EVs, but not from a gas car

Baua Electric

BMW introduced a new incentive for its EV buyers: $1,000 off if you switch from a Tesla or other EVs. The goal of electrification is to convert gas mileage into electric mileage – hopefully, electric mileage powered by renewable energy. But here, BMW is trying to sell EVs by going after existing EV owners.

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BMW to showcase 5 electric vehicles at LA show; world debut of new vehicle

Green Car Congress

The BMW Group will showcase five electric vehicles at the 2017 Los Angeles Auto Show including the North American premieres of the BMW i Vision Dynamics, MINI Electric Concept, BMW i3s, and a World Premiere vehicle that will be shown during the BMW Group press conference on Wednesday, 29 November. Earlier post.).

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Greenfuel Energy partners with lithium battery company EVE Energy – ET Auto

Baua Electric

EVE Energy also has constructed a perfect product sequence covering consumer, power, and ESS, which is widely used in IoT and renewable applications. In 2023, EVE officially announced the construction of a battery factory in Debrecen , Hungary, which will supply large cylinder batteries for the BMW Group Debrecen plant.

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Tata Technologies bags dozen large deals in FY24, expects more in Q1 | Autocar Professional

Baua Electric

The Joint Venture between Tata Technologies and BMW is aimed at delivering automotive software, including software-defined vehicle (SDV) solutions for BMW Group’s premium vehicles and digital transformation solutions for its business IT in Pune, Bengaluru and Chennai. YoY at Rs 1301 crore in Q4FY24 versus Rs 1402.40

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Tesla Model Y still China’s top premium SUV in March despite Covid headwinds

Teslarati

Despite Covid headwinds, the Tesla Model Y is still performing very well in China’s domestic auto market. The third-best-selling premium SUV, the BMW X3, saw 11,231 sales in the same month. 3 SUVs in China three times over in March — a month when Tesla was already experiencing the country’s renewed Covid restrictions.

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