
Kentucky Floods Kill at Least 10 Amid Record Rainfall
February 18, 2025: Severe flooding across Kentucky has left at least 12 people dead as record-breaking rainfall triggered widespread devastation.
October 12, 2021: -China’s electric car companies race to ramp up production faster than Tesla did in its early days. U.S.-listed start-up Xpeng said Monday it has produced 100,000 cars, and it got back after six years after the company launched.
Rival electric car start-up Nio said in April it has hit that 100,000 vehicle production milestone. The U.S.-listed company was founded in late Nov. 2014 under a different name and became Nio in July 2017, about four years ago.
For comparison, according to public filings, Elon Musk’s Tesla took 12 years from its launch in 2003 to produce 100,000 vehicles. Tesla has faced numerous production delays, especially in its early years. The U.S.-based electric car maker has since surged its production capacity with new factories in Shanghai and Berlin.
To be clear, Tesla is still much more significant in comparison.
The electric carmaker crossed the one-millionth car mark more than a year ago in March 2020, Musk said in a tweet.
Production in the third quarter alone reached 238,000 vehicles. The company’s shares are up 11% year-to-date.
Xpeng U.S.-listed shares are down 12% so far this year. Nio’s stock is down more than 25% year-to-date.
In May, Chinese electric battery and vehicle maker BYD said it produced 1 million passenger cars in the new energy vehicle category, which includes battery-only and hybrid-powered vehicles.
BYD’s Hong Kong-traded shares are up more than 25% so far this year. The company’s backers include American billionaire Warren Buffett’s, Berkshire Hathaway.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
February 18, 2025: Severe flooding across Kentucky has left at least 12 people dead as record-breaking rainfall triggered widespread devastation.
February 12, 2025: Israeli Prime Minister Benjamin Netanyahu has issued an ultimatum, warning that the ongoing ceasefire in Gaza will end
February 11, 2025: The Israel-Gaza ceasefire is at risk following a decision by Hamas to delay the release of Israeli hostages,
February 10, 2025: French President Emmanuel Macron has urged a strategic approach to AI regulation, warning that excessive
February 06, 2025: The Federal Reserve held interest rates steady, signaling caution as inflation remained elevated.
February 04, 2025: NASA is facing growing scrutiny as SpaceX expands its dominance over U.S. space operations.