SAIC’s #1 plant China’s largest vehicle manufacturing group, SAIC Motor Corporation, has agreed to develop several new energy vehicle (NEV) models in collaboration with Volkswagen Group, one of its largest joint venture partners, according to local reports. The two companies were understood to have signed an agreement last week to co develop three plug in… Continue reading VW to co-develop NEVs with SAIC
Author: Yarhow_Finance Online News
Chinese EV makers Nio, Li, XPeng boast strong deliveries
Chinese EV makers NIO Inc. (NIO), Li Auto (LI), and XPeng Motors (XPEV) are seeing a bump higher in their stocks this morning after all three reported strong delivery numbers. The Morning Brief team weighs the impacts US tariffs and competition with Tesla (TSLA) are having on the overseas auto makers. For more expert insight… Continue reading Chinese EV makers Nio, Li, XPeng boast strong deliveries
NIO Inc. Provides June and Second Quarter 2024 Delivery Update
Company Achieved New Record-High Monthly and Quarterly Deliveries NIO delivered 21,209 vehicles in June 2024, increasing by 98.1% year-over-year NIO delivered 57,373 vehicles in the three months ended June 2024, increasing by 143.9% year-over-year Cumulative deliveries of NIO vehicles reached 537,020 as of June 30, 2024 SHANGHAI, China, July 01, 2024 (GLOBE NEWSWIRE) — NIO Inc.… Continue reading NIO Inc. Provides June and Second Quarter 2024 Delivery Update
Tesla Breaks Out, But Will BYD Reclaim BEV Crown With Deliveries On Tap?
Australia home prices keep climbing on tight supply Australian home prices rose in June for a seventeenth straight month, as tight supply outweighed demand-side pressures of high interest rates, a cost of living squeeze and tight lending conditions, property consultant CoreLogic said on Monday. Data from CoreLogic showed national home prices climbed 0.7% in June… Continue reading Tesla Breaks Out, But Will BYD Reclaim BEV Crown With Deliveries On Tap?
Tesla Stock Breaks Out, BYD Near 2024 Highs With Q2 Deliveries On Tap
The Score: Rivian, Amazon, Trump Media and More Stocks That Defined the Week Novo Nordisk —the Danish pharmaceutical giant behind Wegovy and other buzzy weight-loss treatments—will now be able to sell the medication in the world’s second-largest economy. Novo Nordisk’s Ozempic drug—which contains the same semaglutide active ingredient as Wegovy—was approved to treat diabetes in… Continue reading Tesla Stock Breaks Out, BYD Near 2024 Highs With Q2 Deliveries On Tap
Hyundai Mobis obtains 3,000 patents in three years
South Korea’s largest automotive components manufacturer, Hyundai Mobis, revealed in its 2024 Sustainability Report this week it had obtained 3,000 patents related to future mobility over the last three years. The Hyundai Motor Group (HMG) affiliate has published the report, which covers environmental, social and governance (ESG) achievements, annually since 2010. The company pointed out… Continue reading Hyundai Mobis obtains 3,000 patents in three years
Zacks Industry Outlook Highlights Autoliv, BorgWarner, Oshkosh and American Axle
For Immediate Release Chicago, IL – June 28, 2024 – Today, Zacks Equity Research discusses Autoliv ALV, BorgWarner BWA, Oshkosh Corp OSK and American Axle AXL. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2294117/4-auto-equipment-stocks-standing-tall-despite-industry-woes The prospects of the Zacks Automotive – Original Equipment industry are subdued amid a potential slowdown in the vehicle growth rate. High borrowing costs… Continue reading Zacks Industry Outlook Highlights Autoliv, BorgWarner, Oshkosh and American Axle
BWA or GNTX: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Automotive – Original Equipment sector might want to consider either BorgWarner (BWA) or Gentex (GNTX). But which of these two stocks is more attractive to value investors? We’ll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have… Continue reading BWA or GNTX: Which Is the Better Value Stock Right Now?
Zacks Industry Outlook Highlights Autoliv, BorgWarner, Oshkosh and American Axle
For Immediate Release Chicago, IL – June 28, 2024 – Today, Zacks Equity Research discusses Autoliv ALV, BorgWarner BWA, Oshkosh Corp OSK and American Axle AXL. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2294117/4-auto-equipment-stocks-standing-tall-despite-industry-woes The prospects of the Zacks Automotive – Original Equipment industry are subdued amid a potential slowdown in the vehicle growth rate. High borrowing costs… Continue reading Zacks Industry Outlook Highlights Autoliv, BorgWarner, Oshkosh and American Axle
Autoliv Retires Repurchased Shares, Decreases Number of Issued Shares
STOCKHOLM, June 28, 2024 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that as of June 28, 2024, the total number of issued shares of common stock is 84,816,615 of which 80,079,757 shares are outstanding. Autoliv retired 1,309,606 shares of common stock that had been repurchased during… Continue reading Autoliv Retires Repurchased Shares, Decreases Number of Issued Shares