Ferrari posts 13% rise in quarterly earnings amid flat deliveries
Adjusted earnings before interest, taxes, depreciation and amortization climbed 13 percent in the period, to €605 million.
Read moreNio readies Onvo L60 mass-market car aimed at Tesla Model Y
Nio will unveil the Onvo L60 by the end of this month and a second smaller Firefly-branded EV, priced at less than $30,000, is planned to go on sale in Europe next year, a company executive said.
Read moreNio turns to rival BYD to power new EV brand, report says
The agreement marks a win for BYD, which has been looking to expand its revenue beyond EV sales under its own brand.
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