Nio, the Chinese electric vehicle manufacturer, has recently announced a significant cut in its delivery estimates for the fourth quarter of 2021. The company now expects to deliver only 23,500 vehicles, down from its previous estimate of 25,000 to 26,000. This news has sent shockwaves through the market, causing Nio’s stock price to plummet by 5% in after-hours trading.
Xiaomi, the Chinese tech giant, is set to start delivering its first electric vehicle model to customers. The company’s entry into the competitive EV market has sparked excitement among investors, causing shares to soar.
According to data from China’s Ministry of Industry and Information Technology, Tesla’s registrations in China declined last week. This news comes as a potential blow to the electric vehicle company, which has been facing challenges in one of its key markets.
Rideshare giants Uber and Lyft, along with a significant number of delivery drivers, are expected to go on strike this Valentine’s Day in protest against what they perceive as unfair compensation. This mass action is anticipated to have a considerable impact on transportation and delivery services across the country.
Ride-hailing giant Uber announced yesterday that its bookings have surpassed expectations due to a surge in demand for both rides and food delivery. Despite the challenges posed by the ongoing pandemic, Uber has managed to capitalize on consumers’ increasing reliance on their services.
In response to numerous complaints about mail delivery delays and the hardships faced by many individuals, KPRC 2, a local news station, has taken the initiative to create an experiment to address the issue. With the aim of finding potential solutions and shedding light on the problems faced by Houston residents, this experiment is set to bring about positive change.
Boeing, the leading aircraft manufacturing company, has recently encountered another setback with its 737 aircraft series. A new fuselage issue has been discovered during production, causing a significant slowdown in both production rates and deliveries. This obstacle adds to the company’s ongoing challenges, as it attempts to recover from the grounding of the 737 MAX series.
Toyota, one of the world’s leading automobile manufacturers, has announced the suspension of deliveries for several of its popular models, including the Land Cruiser and Hilux, due to irregularities in diesel engine testing. This decision comes as part of the company’s commitment to ensuring the highest level of quality and compliance with regulatory standards.
In the aftermath of recent safety concerns and regulatory restrictions surrounding the Boeing 737 Max series, airlines worldwide are intensifying their criticism of the aircraft manufacturer. These concerns have prompted airlines to voice their grievances openly and prepare for the possibility of further delays in aircraft deliveries.
In a shocking turn of events, Drizly, the go-to platform for alcohol delivery, has announced its decision to shut down its operations. This unexpected move has left many users disappointed and wondering about the future of online alcohol delivery services.
