DAILY ROUNDUP | OCT 20 | BYD 1,500 kW, AMG 1,153 HP, Penske $16.3B, Lending 74%
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Automakers are developing electric SUVs with extraordinary charging speeds and 1,000-plus horsepower, while the financial systems supporting vehicle purchases are struggling to keep up.
Today's episode breaks down BYD's 1,500-kW charging claims for its seven-seat Atto 8, Mercedes-AMG's 1,153-horsepower electric GT 63, Penske Automotive's reported $16.3 billion take-private agreement with Penske Corporation and Mitsui, Wall Street's valuation concerns, and why 74% of surveyed auto lending…
The skinny
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