2022 earning reports have not been kind to everybody. In fact, they were downright saucy to many.
Geely, however, beat its revenue expectations with a 45.6% surge compared to 2021 and saw profits jump 8.5%. New energy and electric sales increased 300%, reaching approximately 328K.
*Sensible and sincere golf clap* The brand's market value spiked 7% before settling around 3% higher than its previous close. This year, Geely has targeted a whopping 1.65M sales, with a secondary target of doubling the share of new energy and electric units.
Nobody will catch Stallantis putting all its eggs in one basket. Maybe two, but never one!
The company has a $140M investment planned for its Eisenach plant in Germany. The plant will produce the Opel Grandland company SUV later this year as part of the group's plan to go all-electric in Europe by 2028. While the automaker has a similar all-electric goal for the US, we found no details about how or if these German-produced SUVs will appear in the North American market anytime soon.
Just down the street (over the Mediterranean) in Algeria, the company has a $214M plan to expand the Fiat brand into the market. Six Fiat models will be introduced into the North African country's market, with four being produced locally as soon as December.
Maybe you don't live in Algeria or Europe, but that's ok! Stellantis is asking 10th-12th grade students to sketch out their dream Ram EV pickup. For the 11th year, the company's Drive for Design contest will welcome designs and select a winner to receive an internship in the Ram Exterior Design Studio, a Wacom MobileStudio Pro 16 Tablet, and have their winning sketch shared across the group's social media presence.
Tesla cars are driving themselves, but they aren't building themselves (yet).
The company is showing off a second 9,000-Ton Giga Press in Texas that will transform any piece of metal that enters into a Cybertruck (there are more steps we are sure, but we don't know them).
The Full Self-Driving Beta v11 is rolling out and connecting the dots between Autopilot's highway driving and FSD's everywhere-else-driving abilities.
It doesn't seem like any issues could occur of course, since whatever Elon is selling, people seem to buy. Last month Tesla hit a 50% growth in European registrations, which accounts for 20% of the EU's total EV market.