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For the third quarter, the group's EBIT fell 7% to 4.8 billion euros ($5.06 billion) and revenue shrank by 1.4% to 37.2 billion euros.
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Since 2010, the region has seen investments exceeding $70 billion in EV and battery production, outstripping the Midwest's $51 billion.
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CATL Closes In On LG As World's #1 EV Battery Supplier; BYD Triples Global Market Share
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The UAW Strikes Signal The Automotive Sector Is In For A Profound Change
October 09, 2023
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Nio Vs. Li Auto: Which Chinese EV Startup Is Winning The Stock Race?
October 04, 2023
Chinese EV makers such as Nio and Tesla have been building up scale and finetuning execution to challenge global leader Tesla.
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Tesla Stares At Q3 Deliveries Miss, Rivian Not Losing Sleep Over Cybertruck, Nio's Rumored German Tie-Up And More: Biggest EV Stories Of The Week
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Tesla's AI Advances Could Make It The Next Apple, Says Trader
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Nio And Mercedes-Benz In Early Talks For Potential Technology Swap: Report
September 28, 2023
Nio Inc (NYSE: NIO) and Mercedes-Benz (OTC: MBGAF) have been in preliminary discussions about a potential collaboration, as per insiders acquainted with the situation.
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Benzinga
Mercedes-Benz Targets Japan's Affluent Executives With Revamped GLE SUVs: Report
September 28, 2023
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September 25, 2023
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September 25, 2023
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Revving Up Payments: Mercedes Joins Forces With Mastercard For In-Car Digital Transactions
September 25, 2023
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Benzinga
Why Is Chinese EV Maker Nio Inc Raising $1 Billion In New Convertible Debt Right Now?
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Benzinga
EU Tariff Talks On Chinese EV Imports Jolt Market: 2 European Giants Set To Gain
September 13, 2023
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Tesla Stock Sets Up New Entry – Here's When To Buy
September 13, 2023
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Via
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Tesla's Tech Appeal Goes Beyond EVs
September 12, 2023
Last week, Tesla Inc (NASDAQ: TSLA) made a rare appearance at this year’s Munich show with a revamped version of its best-selling Model 3 and together with Chinese EV makers, including its biggest...
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Munich Auto Show Highlights China's EV Strength
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Worksport And Mercedes-Benz Provide Updates On Their Ambitious Strategies
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Today, ambitious tonneau cover manufacturer who aims to reshape the North American truck bed industry, Worksport Ltd.
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August 10, 2023
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July 29, 2023
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What's Driving Chinese EV Titans Nio, XPeng, Li Auto Higher Premarket Today?
July 28, 2023
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July 08, 2023
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Tesla On Track For Solid Q2 Deliveries? What Key China Data Shows
June 27, 2023
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Lucid Stock Soars Off Lows On EV Deal With British Luxury Icon; Startup Peer Nikola Sinks
June 26, 2023
Aston Martin and Lucid announced a wide-ranging technology partnership.
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Aston Martin Turns To A US Startup For EV Help
June 26, 2023
The EV revolution continues to evolve and the momentum is strong across the automotive industry with EV king, Tesla Inc (NASDAQ: TSLA) still leading the way.
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Why Is Lucid Motors (LCID) Stock Up 10% Today?
June 26, 2023
Aston Martin will produce its own electric vehicles with a Lucid powertrain starting in 2025. Both firms have the backing of the Saudis.
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InvestorPlace
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