1 | Faraday Future is delaying deliveries of its first vehicle, the FF91, by two months as the company seeks funding due to it reportedly being down to its last $30M in cash. Faraday Future began manufacturing last month after raising $135M in debt financing in February. 
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2 | Renault CEO Luca de Meo said the company would reconsider its pricing strategy in each market amid Tesla's recent pricing changes. The automaker's global sales decreased 5.9% YoY to 2,051,174 vehicles in 2022. |
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3 | Boeing is offering $10,000 referral bonuses to its employees and $5,000 sign-on bonuses to some workers in South Carolina to accelerate production. Last week, the aircraft manufacturer revealed its volume would be reduced as a parts supplier, Spirit AeroSystems, notified the aircraft company of a "non-standard" manufacturing process used on two fittings in aft fuselages for the 737 Max 8. Q: Will the referral bonuses work in decreasing the production time for Boeing? Share your thoughts on Inside.com. |
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4 | Polestar unveiled its fourth model, a small SUV Coupé with a 300-mile range. The Geely-owned company delivered approximately 51,500 cars globally in 2022, increasing by 80% YoY. Q: Will Polestar be able to increase its sales this year amid rising interest in EVs and pricing competition? Share your insights on Inside.com. |
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5 | BYD is partnering with Shell in Europe for access to DC and HPC charging through the Recharge network. BYD sold 207,080 plug-in vehicles globally in March. Q: Will the charging network give BYD an advantage as it competes against local companies and its Chinese EV competitors, NIO and XPeng, in Europe? Share your insights on Inside.com. |
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6 | Egypt-based micro-mobility company Rabbit Mobility claims its user base increased from 18,000 to 300,000 between January 2022 and April 2023. Earlier this year, Turkish micro-mobility operator BinBin acquired Netherlands-based moped company GO Sharing. |
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7 | Chinese EV company Li Auto announced plans to expand its lineup to 11 models by 2025. The automaker is also seeking to build 3,000 charging stations. |
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