By Norihiko Shirouzu (Reuters) – Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said. The leading Japanese automaker is… Continue reading Exclusive-Toyota to outline 3-year EV plan changes to suppliers -sources
Author: Yarhow_Finance Online News
Toyota supplier Denso posts 76% rise in Q2 profit
TOKYO (Reuters) – Denso Corp, Toyota Motor Corp’s major supplier, reported a 76% rise in second-quarter operating profit on Friday, missing analysts’ estimates. It posted 91.8 billion yen ($626.5 million) in operating profit for the three months to end-September, versus an average 120.48 billion yen profit estimated by five analysts, according to Refinitiv data. A… Continue reading Toyota supplier Denso posts 76% rise in Q2 profit
EVgo Inc. (EVGO) Moves 9.2% Higher: Will This Strength Last?
EVgo Inc. (EVGO) shares ended the last trading session 9.2% higher at $10.14. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 13.5% loss over the past four weeks. Shares of EVgo surged yesterday on increasing optimism surrounding the EV charging… Continue reading EVgo Inc. (EVGO) Moves 9.2% Higher: Will This Strength Last?
Adient (ADNT) Earnings Expected to Grow: Should You Buy?
Adient (ADNT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term… Continue reading Adient (ADNT) Earnings Expected to Grow: Should You Buy?
Wall Street Bulls Look Optimistic About NIO Inc. (NIO): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important? Let’s take a look at what these Wall Street heavyweights have to say about NIO Inc. (NIO) before… Continue reading Wall Street Bulls Look Optimistic About NIO Inc. (NIO): Should You Buy?
NIO Inc. Provides January 2023 Delivery Update
NIO delivered 8,506 vehicles in January 2023 Cumulative deliveries of NIO vehicles reached 298,062 as of January 31, 2023 SHANGHAI, China, Feb. 01, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its… Continue reading NIO Inc. Provides January 2023 Delivery Update
NIO Inc. (NIO) Gains But Lags Market: What You Should Know
NIO Inc. (NIO) closed the most recent trading day at $12.07, moving +0.42% from the previous trading session. The stock lagged the S&P 500’s daily gain of 1.46%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 6.63%. Heading into today, shares of the company had gained 23.28% over the past… Continue reading NIO Inc. (NIO) Gains But Lags Market: What You Should Know
Tesla Stock Vs. BYD Stock: TSLA Soars; Top Rival Flashes Buy Signal, Reports Q4 Profit Up Over 1,000%
Reuters India raises tax on imported cars, motorbikes, including EVs India on Wednesday said it will raise taxes on imported cars and motorbikes, including electric vehicles (EVs), as it seeks to boost local manufacturing in line with Prime Minister Narendra Modi’s “Make in India” campaign ahead of elections in 2024. All vehicles with a landed… Continue reading Tesla Stock Vs. BYD Stock: TSLA Soars; Top Rival Flashes Buy Signal, Reports Q4 Profit Up Over 1,000%
Hyundai Mobis received record-high global orders, nearly doubled last year
Hyundai Mobis reaches a new milestone by receiving record-braking auto components orders worth $4.7 billion, thanks to bold sales strategies. Significant achievements include electrification component order from a global automaker in progress, and new orders from major brands in North America and Europe. Targeting $5.3 billion of global sales in 2023, leveraging its global production… Continue reading Hyundai Mobis received record-high global orders, nearly doubled last year
Eaton Collaborates With Rewiring America To Help Drive Residential Electrification Education, Awareness and Action
Executive Brian Brickhouse joins CEOs for Electrification coalition of business leaders working across industries to advance electrification priorities Alignment with national coalition furthers Eaton’s commitment to sustainability and Home as a Grid approach to the energy transition PITTSBURGH, PA / ACCESSWIRE / January 30, 2023 / Intelligent power management company Eaton today announced that it… Continue reading Eaton Collaborates With Rewiring America To Help Drive Residential Electrification Education, Awareness and Action