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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

A previous Teslarati article theorized that Ford’s adoption of Tesla’s NACS could change the electric vehicle (EV) charging landscape, specifically in the United States and the rest of North America. General Motors and Ford hold a significant market share of the United States auto industry.

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VinFast announces new EV facility in India

Teslarati

. “We believe that investing in Tamil Nadu will not only bring considerable economic benefits to both parties but will also help accelerate the green energy transition in India and the region,” said Tran Mai Hoa, VinFast Global’s Deputy CEO of Sales and Marketing. In August 2023, VinFast Auto Ltd.

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Lexus forces customers to make a hard decision

Teslarati

Lexus has reported their Q3 sales stats, and its current vehicle offerings are forcing customers to make a difficult choice. Looking at Lexus’s sales stats for Q3, the brand is struggling. Compared to Q3 21, every vehicle they sell has decreased in sales. What do you think of the article?

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Volkswagen is financially ready for electrification, says CFO

Teslarati

Many who are invested in the Auto industry have been worried that ongoing supply chain issues would mean that many legacy brands would have trouble securing desperately needed capital for electrification. The next big concern for Volkswagen Group might not be securing capital today but selling EVs into the future.

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Polestar eyeing massive production growth, could hit 50k units this year

Teslarati

and other new products will follow it in the near future. Polestar has been in the background of the auto industry, conservatively growing production and sales numbers year over year , and they continue to do so this year. The way forward for Polestar is straightforward; continue sales growth and invest in production.

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Lucid introduces new $7,500 discount as EV price war heats up

Teslarati

“We think our customers still deserve a $7,500 credit for choosing an EV,” said Zak Edson, Lucid’s Vice President of Sales and Service. Lucid is still attempting to find its footing within the auto industry, especially as larger and more prominent brands have entered the market.

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