Jochen Siebert News Today

Nio was taking around 295 days to clear its receipts payable at the end of 2023 versus 197 days in 2021. Tesla only took around 101 days.

The sudden demise of Apples EV program is a bleak sign for the car market and a welcome boon for automakers themselves. Read on.

The biggest winners are players already at the top, like BYD and Tesla, which have been consolidating their power. Read more at straitstimes.com.

The world’s largest electric vehicle market is putting its crowded infancy stage behind it.

Tesla is majorly disrupting the EV market in China and is giving 50% discounts on its cars. This has led to a major price war in the market, and caused other Chinese EV makers to change their strategies.

Plus, Tesla's price war in China, Domino's Pizza becoming a leader in the electric-car transition, and more, in today's Morning Shift.

After taking over their huge domestic market, Chinese e-vehicle manufacturers want to crash Europe. Can their wide range of electric cars make a breakthrough splash in Germany?

The auto sector has taken the top spot for VC funding so far this year, with more than 147 deals amounting to $8.5 billion. Read more at straitstimes.com.

Auto sector takes the top spot for funding so far this year

A Wuling Hongguang Mini EV Macaron rolls off the assembly line. - Blooomberg BEIJING (Bloomberg): One of the first things visitors to the southern Chinese city of Liuzhou notice is the quiet. Missing is the incessant noise of throbbing engines and clashing gears that provides the backdrop to daily life in most metropolises around the globe. The reason: almost 30% of the cars sold in Liuzhou last year were electric, according to WAYS Information Technology, a Guangzhou-based consulting firm, mor...