The weekend was a whirlwind of activity in the business world. From a surge in global electric vehicle sales to a federal lawsuit against Uber, there was no shortage of headlines. Here’s a quick recap of the top stories that made waves over the weekend.
Global EV Sales Skyrocket
In a significant development, global electric vehicle sales saw a 15% surge in August, with 1.16 million Battery Electric Vehicles and over 570,000 Plug-In Hybrid EVs sold worldwide. According to data shared by market research firm Rho Motion, global EV sales from January to August reached 12.7 million units. The Chinese market contributed significantly to these figures, with a 6% YoY growth in sales during August.
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Uber in Legal Hot Water
Ride-hailing giant Uber Technologies is facing a federal lawsuit over alleged discrimination against disabled passengers. The U.S. Department of Justice filed the lawsuit at the San Francisco Federal Court, alleging that Uber drivers routinely refuse to serve riders with disabilities, including those with service animals and wheelchairs.
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See Also: Ross Gerber Says Tesla Will Not Achieve Level 4, Level 5 Autonomy Without Addressing Hardware Issues: ‘Elon Musk Hasn’t Solved FSD…’
Detained South Korean Workers To Return Home
In the wake of ICE raids at Hyundai Motor Co.’s Georgia battery plant, a charter plane is set to take detained South Korean factory employees back home. The aircraft, a Boeing Co. 787-i operated by Korean Air, arrived in Georgia on Wednesday and is scheduled to depart with the Korean nationals on Thursday afternoon.
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NIO Stock Takes A Hit
Shares of Chinese electric vehicle maker NIO Inc. fell sharply after the company announced plans to raise fresh capital through a sizable equity offering. The company plans to issue up to 181.8 million Class A ordinary shares, split between American depositary shares (ADS), each representing one ordinary share, and direct ordinary share offerings.
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Waymo Earns Praise From Tesla Bull
Alphabet Inc.’s Waymo received unexpected praise from Tesla bull Ross Gerber after a real-world Los Angeles ride. Gerber highlighted the self-driving unit’s growing traction as it ramps up robotaxi testing and expansion across the U.S.
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Photo courtesy: Sundry Photography / Shutterstock.com
This story was generated using Benzinga Neuro and edited by Ananya Gairola