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Chinese EV Makers Spent Up To 29% Of Q1 Revenue On R&D, Leaving Elon Musk's Tesla In The Rearview Mirror, But Rivian And Lucid Spent Even More
Monday, August 5, 2024 - 8:06am | 771Read More...U.S.-listed Chinese EV startups Nio Inc (NYSE:NIO), XPeng (NYSE:XPEV), and Li Auto (NASDAQ:LI) have been making significant expenses in research and development (R&D), marking up to 29% of their total revenue in the first quarter of 2024. What Happened: While Nio spent $396.7 million in R&D...
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EXCLUSIVE: As Lucid Gears Up To Take On Tesla's Model X, Analysts Lay Out The Problems With Luxury EV Startup's Elon Musk-Inspired Approach
Friday, July 12, 2024 - 2:23am | 1250Read More...Lucid Group (NASDAQ:LCID) reported quarterly deliveries of over 2,000 vehicles for the first time earlier this week. While it has consistently reduced the amount of loss per vehicle over the previous four quarters, it remains to be seen if it can amp up its pace as it aims to become profitable....
