The rapidly transforming global automotive landscape, driven by the shift toward electric vehicles (EVs), is witnessing another significant consolidation move. Germany-based motion technology giant Schaeffler SCFLF has made a bid of 3.64 billion euro to acquire Vitesco Technologies, a significant player in the EV components space. This proposed merger aims to create a behemoth in… Continue reading Schaeffler’s (SCFLF) Bold Bid for Vitesco to Drive E-Mobility
Author: Yarhow_Finance Online News
Where Will Nio Stock Be in 5 Years?
Reuters EV maker VinFast to acquire its battery maker sibling VinFast, which was backed by Vietnam’s largest conglomerate Vingroup, said the strategic acquisition of VinES, also a member in the Vingroup ecosystem, would help it secure the supply of batteries as the EV maker sought to save 5% to 7% on battery costs. Founded in… Continue reading Where Will Nio Stock Be in 5 Years?
Huawei Encroaches on Tesla’s Turf, Pushing China EV Maker Up 50%
(Bloomberg) — Huawei Technologies Co. has scored a hit in China with its latest electric vehicle, making its manufacturing partner Asia’s top stock over the past month and giving Tesla Inc. and other rivals reason to take notice. Most Read from Bloomberg More than 50,000 orders were placed for the revamped Aito M7 in the… Continue reading Huawei Encroaches on Tesla’s Turf, Pushing China EV Maker Up 50%
Is Magna International (MGA) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which… Continue reading Is Magna International (MGA) Stock Undervalued Right Now?
Japan’s Denso, Mitsubishi Electric to invest $1 billion in Coherent’s silicon carbide unit
(Reuters) – Coherent, a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan’s Denso and Mitsubishi Electric will invest $1 billion in the company’s silicon carbide business. Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent’s unit,… Continue reading Japan’s Denso, Mitsubishi Electric to invest $1 billion in Coherent’s silicon carbide unit
Japan’s Denso, Mitsubishi Electric to invest $1 bln in Coherent’s silicon carbide unit
Oct 10 (Reuters) – Coherent, a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan’s Denso and Mitsubishi Electric will invest $1 billion in the company’s silicon carbide business. Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in… Continue reading Japan’s Denso, Mitsubishi Electric to invest $1 bln in Coherent’s silicon carbide unit
4 Stocks From the Prospering Technology Services Market
The technology services sector has witnessed robust growth since the pandemic, fueled by the rapid adoption of remote work, accelerating the global digital transition. Technological advancements like 5G, blockchain, artificial intelligence (AI), and machine learning (ML) have further driven industry expansion. Additionally, increased concerns about data security have acted as a catalyst for industry growth.… Continue reading 4 Stocks From the Prospering Technology Services Market
Investors in Aptiv (NYSE:APTV) have seen decent returns of 34% over the past five years
Aptiv PLC (NYSE:APTV) shareholders might be concerned after seeing the share price drop 12% in the last quarter. But at least the stock is up over the last five years. However we are not very impressed because the share price is only up 31%, less than the market return of 68%. So let’s investigate and… Continue reading Investors in Aptiv (NYSE:APTV) have seen decent returns of 34% over the past five years
EV Roundup: Q3 Deliveries of TSLA, RIVN, NIO, LI & XPEV in Focus
Last week, major pure-play electric vehicle (EV) makers, including Tesla TSLA, Rivian RIVN, NIO Inc. NIO, Li Auto LI and XPeng XPEV, released their delivery count for the third quarter of 2023. While EV king Tesla missed delivery expectations, California-based startup Rivian surpassed estimates. Tesla delivered 435,059 vehicles in the September end quarter, while the… Continue reading EV Roundup: Q3 Deliveries of TSLA, RIVN, NIO, LI & XPEV in Focus
Q4 Stock Predictions: 7 Auto Stocks Ready to Roar Into 2024
In recent times, the buzzing topic in the realm of auto stocks has been the strike initiated by the United Auto Workers Union. However, peering beyond this immediate hurdle, long-term investors should be more interested in the prospects of autonomous driving and the proliferation of electric vehicles (EVs). These transformative trends, vibrant in potential, should… Continue reading Q4 Stock Predictions: 7 Auto Stocks Ready to Roar Into 2024