Focusing on electrification, Tesla recalled Cybertruck for the sixth time in the year.
On November 13, Tesla said that due to drive inverter failures that may increase the risk of car accidents, the company will recall 2,431 Cybertruck electric pickup trucks in the United States, involving models produced between November 6, 2023 and July 30, 2024.
It is reported that this is the sixth recall issued by Tesla this year.
Trump’s victory could put Tesla rivals at a disadvantage, said Susannah Streeter, director of finance and marketing at Hargreaves Lansdown: “Given Trump’s imminent return to the White House, U.S. support for electric vehicles faces a more uncertain future.
Tesla CEO Musk has gained a place on Trump’s management team, which could put electric vehicle competitors such as Rivian at a disadvantage in future policy decisions.
“, Rivian shares surged.
On November 13, the share price of U.S. electric vehicle manufacturer Rivian rose more than 15%.
Earlier, Volkswagen Group and Rivian said that Volkswagen Group increased its investment in Rivian by 16% to US$5.
8 billion.
Rivian’s share price rose nearly 9% in after-hours trading, giving it a market value of more than $11 billion.
, Focus on traditional car companies, Porsche Holdings ‘profits fell by one-third.
On November 13, Porsche SE said that due to its investments in Porsche and Volkswagen, the company’s after-tax earnings for the first nine months of 2024 fell by one-third to 2.
5 billion euros.
The company said it will support VW’s cost-cutting plan and expects VW to achieve its goals.
, GM will recall 460,000 vehicles in the United States.
On November 13, the National Highway Traffic Safety Administration (NHTSA) said it will recall 461,839 vehicles due to transmission problems.
The recall involves some models such as 2020 to 2022 Chevrolet Silverado, GMC Sierra, 2021 Cadillac Escalade, Chevrolet Tahoe and GMC Yukon.
, Hertz’s third-quarter loss exceeded expectations.
Affected by high depreciation charges for fleet vehicles, car rental company Hertz Global announced that third-quarter revenue fell short of expectations and losses exceeded expectations.
Among them, revenue fell 5% year-on-year to US$2.
58 billion, compared with analysts ‘expectations of approximately US$2.
7 billion.
a loss per share was 68 cents, compared with the average analyst forecast of a loss of 50 cents.
, Focusing on the supply chain, Ningde Times will consider building a factory in the United States.
Zeng Yuqun, founder and chairman of Ningde Times, said that if U.S. President-elect Donald Trump opens the door to China’s investment in the U.S. electric vehicle supply chain, Ningde Times will consider building a factory in the United States.
Currently, Ningde Times’s business in the U.S. market is limited to battery production license transactions, and its business partners are Ford and Tesla.
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