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Tesla VP of Finance corrects critic who claims that TSLA pays no taxes

Teslarati

Tesla Vice President of Finance Sendil Palani recently addressed claims from former secretary of labor and UC Berkeley Professor Robert Reich about the electric vehicle maker’s federal tax payments. In August last year, Reich penned an article in The Guardian outlining a strategy to “rein in” Elon Musk.

Financing 112
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NIO Capital's portfolio firm Standard Robots closes new financing

CN EV Post

The post NIO Capital's portfolio firm Standard Robots closes new financing appeared first on CnEVPost. For more articles, please visit CnEVPost.

Financing 132
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BYD partners with local bank to provide auto financing in Brazil

CN EV Post

The post BYD partners with local bank to provide auto financing in Brazil appeared first on CnEVPost. For more articles, please visit CnEVPost. BYD, which officially entered the Brazilian passenger car market last December, expects to have a presence in 45 cities in the country by the end of this year.

Brazil 127
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Financial Times retracts report on Tesla’s alleged shady accounting

Teslarati

The Financial Times has issued a retraction for an article it recently published that accused the electric vehicle maker of shady accounting practices. ” The FT article highlighted that Tesla reported spending $6.3 ” The FT article highlighted that Tesla reported spending $6.3 billion appears to have gone astray.”

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Avatr closes Series A financing, NIO's stake diluted to less than 1%

CN EV Post

Avatr Technology, previously known as Changan NIO, closed a new round of financing, increasing Changan's stake and decreasing both CATL's and NIO's shareholdings. The post Avatr closes Series A financing, NIO's stake diluted to less than 1% appeared first on CnEVPost. For more articles, please visit CnEVPost.

Financing 111
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Fisker creates “Fisker Finance” with JPMorgan Chase and Santander

Teslarati

Fisker has announced that through its mobile app, customers will soon be able to finance their vehicle via a partnership with JPMorgan Chase Bank in the US or Santander Bank in Europe. In addition to finance, the app will also be updated to allow customers to make other purchases. What do you think of the article?

Fisker 108
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IM Motors closes Series A financing as cumulative deliveries reach 1,051

CN EV Post

This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44). The post IM Motors closes Series A financing as cumulative deliveries reach 1,051 appeared first on CnEVPost. For more articles, please visit CnEVPost.