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Auto and cars

Rivian hits 2025 targets as annual output dips amid model overhaul

Rivian Automotive (NASDAQ:RIVN) announced on Friday that it produced 42,284 vehicles and delivered 42,247 in 2025, landing squarely within its revised annual targets.

The Irvine, California-based company capped the year with a fourth-quarter performance that saw 10,974 units roll off the line at its Normal, Illinois, facility and 9,745 units reach customers.

Read more: Rivian hits 2025 targets as annual output dips amid model overhaul
Grafa
Auto and cars

Li Auto surpasses 1.5 million cumulative deliveries with strong December performance

Li Auto (NASDAQ:LI), a leading player in China's new energy vehicle (NEV) market specializing in extended-range electric vehicles (EREVs) and smart SUVs for families, announced its December 2025 delivery update on January 1.

The company delivered 44,246 vehicles in December 2025, bringing fourth-quarter deliveries to 109,194.

Read more: Li Auto surpasses 1.5 million cumulative deliveries with strong December performance
Grafa
Auto and cars

NIO hits record monthly and annual deliveries as multi-brand strategy ignites

NIO (NYSE:NIO) cemented its turnaround year on Thursday, reporting record-breaking delivery results for December, the fourth quarter, and the full year 2025.

The Shanghai-based electric vehicle maker delivered 48,135 vehicles in December, a 54.6% increase year-over-year, marking its highest monthly volume to date.

Read more: NIO hits record monthly and annual deliveries as multi-brand strategy ignites
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Auto and cars

XPeng deliveries surge 126% in 2025 as global expansion hits 60 markets

XPeng (NYSE:XPEV) cemented its position as a dominant force in the global electric vehicle market, reporting on Thursday that total vehicle deliveries more than doubled in 2025.

The Guangzhou-based automaker delivered 429,445 units for the full year, a 126% increase year-over-year, marking the first time the company has surpassed the 400,000-unit annual milestone.

Read more: XPeng deliveries surge 126% in 2025 as global expansion hits 60 markets
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Auto and cars

Uxin raises $50M from NIO Capital, Prestige Shine to expand used-car superstores

Uxin (NASDAQ:UXIN) has agreed to raise $50 million in new equity financing as the Nasdaq-listed company seeks to accelerate expansion in China’s used-car retail market.

The Beijing-based firm said it entered definitive share subscription agreements on Dec. 26 with affiliates of NIO Capital and Prestige Shine Group Limited.

Read more: Uxin raises $50M from NIO Capital, Prestige Shine to expand used-car superstores
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TrueCar stockholders approve $227M buyout by founder-led Fair Holdings

TrueCar (NASDAQ:TRUE) announced Tuesday that its stockholders have overwhelmingly approved the company’s acquisition by Fair Holdings at a special meeting.

The all-cash transaction, led by TrueCar’s original founder Scott Painter, will take the automotive digital marketplace private in a deal valued at approximately $227 million.

Under the terms of the agreement, TrueCar stockholders will receive $2.55 per share in cash upon closing.

This represents a substantial 72% premium over the company’s closing price on October 14, 2025, the day before the initial announcement.

The deal’s approval follows strong support from major institutional investors and positive recommendations from leading proxy advisory firms ISS and Glass Lewis.

The acquisition marks a full circle for Scott Painter, who founded TrueCar in 2005.

Painter is slated to return as Chief Executive Officer upon the deal’s completion, with a mandate to refocus the platform on profitable growth and deeper integration with its network of over 8,500 certified dealers.

The transaction is expected to close in January 2026, pending the satisfaction of remaining customary closing conditions.

Read more: TrueCar stockholders approve $227M buyout by founder-led Fair Holdings