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Polestar EV: Polestar said it had delivered 15,765 vehicles during the second quarter, and reiterated its forecast of delivering between 60,000 and 70,000 cars in 2023.
Nio EV: Nio's founder and chief executive, William Li, was a key driver of the phone project, which the automaker is targeting mainly at drivers of its cars. "Our phone business is not to compete with those phone makers," Li told investors in an earnings call late on Tuesday. "Instead, we would like to use the phone as a carrier to provide the best experience for our vehicle users."
An unprofitable electric vehicle manufacturer, VinFast Auto from Vietnam, has surged to become the world's third most valuable automaker.
Foxconn is considering a partnership with Sharp to develop key components for electric vehicles in India, and they express confidence in mass-producing EV batteries in Wisconsin.
China Evergrande: In a separate announcement, NEV said it has agreed to issue 6.18 billion new shares to U.S.-listed NWTN for a total consideration of HKD 3.89 billion, implying a subscription price of HKD 0.6297 per share.