Moody’s Investors Service has assigned a first-time Baa1 issuer rating to Contemporary Amperex Technology Co., Ltd. (CATL). At the same time, Moody’s has assigned a Baa1 senior unsecured rating to the proposed bonds to be issued by Contemporary Ruiding Development Limited — a directly wholly owned subsidiary of CATL — based on the unconditional and… Continue reading Contemporary Amperex Technology Co., Ltd. — Moody’s assigns first-time Baa1 rating to Contemporary Amperex Technology; outlook stable
Author: Yarhow_Finance Online News
Aptiv Declares Quarterly Preferred Share Dividend
DUBLIN, Aug. 18, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) a global technology company enabling the future of mobility, today announced that its Board of Directors declared a quarterly cash dividend of $1.42083333 per share on our 5.50% Series A Mandatory Convertible Preferred Shares, payable on September 15, 2020, to shareholders of record at the close… Continue reading Aptiv Declares Quarterly Preferred Share Dividend
BorgWarner Expands Collaboration with Startup Ecosystem Plug and Play
– BorgWarner becomes founding anchor partner of new Plug and Play accelerator in Detroit – Strengthens the company’s ability to be on the cutting-edge of industry trends and emerging technology – Plug and Play Detroit provides access to hundreds of diverse technology start-up companies AUBURN HILLS, Mich., Sept. 3, 2020 /PRNewswire/ — BorgWarner announced its next… Continue reading BorgWarner Expands Collaboration with Startup Ecosystem Plug and Play
Nio Doubles Electric-Car Deliveries, Eyes Expansion After Massive Windfall
Nio reported August deliveries more than doubled and booked a massive haul from a secondary offering that was far larger than initial forecasts. Go to Source
NIO August Deliveries Were Good, but Not Good Enough for Investors
Chinese electric-vehicle maker NIO reported the latest monthly delivery figures Thursday morning. Numbers are good, up more than 100% year over year. But NIO’s highflying American depositary receipts are sliding. Go to Source
Nio’s August deliveries double to a record, but stock falls
Shares of Nio Inc. fell 2.5% in active morning trading Thursday, after the China-based electric vehicle maker reported a new monthly delivery record in August, although year-over-year growth decelerated to the slowest pace since February. Trading volume was 32.4 million shares, enough to make the stock the most actively traded on the NYSE. The continued… Continue reading Nio’s August deliveries double to a record, but stock falls
BorgWarner Commences Private Exchange Offer and Consent Solicitation for Delphi Technologies’ Outstanding 5.00% Senior Notes Due 2025
BorgWarner Inc. (NYSE: BWA) (“BorgWarner”) announced today, in connection with its previously announced proposed acquisition of Delphi Technologies PLC (“Delphi Technologies”) in an all-stock transaction (the “Transaction”), that it is commencing a private exchange offer (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) with respect to Delphi Technologies’ outstanding 5.00% Senior Notes due… Continue reading BorgWarner Commences Private Exchange Offer and Consent Solicitation for Delphi Technologies’ Outstanding 5.00% Senior Notes Due 2025
Li Auto Had Strong Chinese Deliveries. That’s Good for It, and Tesla.
China is the largest new-car market in the world and has been a fast adopter of battery-powered vehicles. Go to Source
Magna Builds Its Electric Future by Making Cars for Start-Ups That Can’t
The big global Canadian auto-parts giant has the assets to build vehicles for companies that want to go asset light, from global car companies to electric-vehicle start-ups. That could give it a major role in the future, and as car sales recover, a higher share price. Go to Source
German Auto Supplier Hella Weighs Software Unit Sale
(Bloomberg) — German automotive supplier Hella GmbH is planning a sale of its driver-assistance software unit, people familiar with the matter said. Hella is working with advisers to gauge interest in the business, according to the people. It could fetch several hundred million euros, the people said, asking not to be identified because the information… Continue reading German Auto Supplier Hella Weighs Software Unit Sale