Cleantech & EV'sNews

Chinese Market Shifts: Tesla's New Challenges

April 23, 2025
Tesla is being squeezed out of the Chinese market, and the pressure is currently falling on the sales workers, who are reportedly being pushed to their limits. Over the last few years, Chinese automakers have stepped up their game significantly, and they are now not only competitive at the lower end of the market with affordable electric vehicles. They are also starting to put pressure on…
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Cleantech & EV'sNews

Tesla (TSLA) brand damage is destroying used car value: 'People don't want them anymore'

April 21, 2025
Tesla’s brand damage is eroding the value of used Tesla vehicles at a rapid rate, as owners rush to sell theirs. It is breaking the used Tesla market as prices are plunging just as the broader used car market is recovering. After a few tough years for the used car market following the pandemic, it is finally starting to recover over the last month. Economic uncertainty and a fear of higher…
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Cleantech & EV'sNews

Geely exercises its Put Option on Lotus UK, enabling reintegration of all businesses under the Lotus brand

April 18, 2025
Bear with me, as this one is a bit complicated and jargon-heavy. Lotus Technology Inc. announced that Geely, the majority owner of its vehicle manufacturing business Lotus UK, exercised its put option earlier this week to sell its 51% stake in the latter company back to the former company. In layperson’s terms, Geely is out, so Lotus Tech has to buy the 51% of Lotus UK back, putting all those…
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