Bloomberg Instacart Founder Exits With $1.1 Billion Fortune After IPO (Bloomberg) — Instacart co-founder Apoorva Mehta is checking out with a $1.1 billion fortune following the grocery-delivery company’s initial public offering.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaF-35 Debris… Continue reading NIO’s Shares Fall on Plans to Raise $1 Billion via Convertible Bonds
Author: Yarhow_Finance Online News
UPDATE 1-Chinese EV maker Nio raises $1 bln in convertible bond deal
(Adds Nio’s Hong Kong share price drop in paragraph 4) By Scott Murdoch SYDNEY, Sept 20 (Reuters) – Chinese electric vehicle maker Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet. The… Continue reading UPDATE 1-Chinese EV maker Nio raises $1 bln in convertible bond deal
CATL to Supply Batteries for Australia’s Shift Away From Coal
(Bloomberg) — Contemporary Amperex Technology Co. Ltd., the biggest electric car battery producer, will supply energy storage systems to Western Australia as the state aims to meet a target to phase out coal power by 2030. Most Read from Bloomberg Premier Roger Cook’s government awarded A$1 billion ($644 million) of contracts under plans to build… Continue reading CATL to Supply Batteries for Australia’s Shift Away From Coal
The Mission to Create Europe’s Battery Hub, Whatever the Cost
(Bloomberg) — Next to fields of corn and sunflowers near the city of Debrecen in eastern Hungary, workers in hard hats pour concrete into the foundations of what will be Europe’s biggest factory making batteries for electric vehicles. Most Read from Bloomberg The airport-sized project by China’s Contemporary Amperex Technology Co. Ltd. is the jewel… Continue reading The Mission to Create Europe’s Battery Hub, Whatever the Cost
Hyundai Mobis Develops Technology for One-Touch Automated Parking through Self-Learned Pathway
Implemented ‘Memory Parking Assist’ that learns the driving route and performs parking using ultrasonic and surround view monitor cameras Achievement in securing an intermediary technology for unmanned autonomous parking… Anticipating competitive advantage over rivals in order acquisition Taking the lead in the market by integrating sensors in the next-generation parking control system, a key technology… Continue reading Hyundai Mobis Develops Technology for One-Touch Automated Parking through Self-Learned Pathway
EnerSys (ENS) Clinches $92M Long-Term Contract From USN
EnerSys ENS has recently secured a contract to deliver its proprietary Thin Plate Pure Lead (TPPL) batteries to the United States Navy (USN). The TPPL batteries will be used as the primary storage batteries on all four classes of USN Nuclear Submarines. This multiyear contract has been valued at $91.8 million. TPPL batteries use thinner… Continue reading EnerSys (ENS) Clinches $92M Long-Term Contract From USN
5 Solid Stocks to Buy on Jump in August Industrial Production
Inflation pressures have been crippling industries and manufacturing appears to be one of the biggest sufferers. However, the manufacturing sector is still trying to put up a strong fight during these trying times. This has seen production making steady growth for the second consecutive month in August. The sector is poised to make a turnaround… Continue reading 5 Solid Stocks to Buy on Jump in August Industrial Production
Continental Aktiengesellschaft’s (ETR:CON) top owners are private companies with 46% stake, while 28% is held by institutions
Key Insights The considerable ownership by private companies in Continental indicates that they collectively have a greater say in management and business strategy 51% of the business is held by the top 2 shareholders Institutions own 28% of Continental If you want to know who really controls Continental Aktiengesellschaft (ETR:CON), then you’ll have to look… Continue reading Continental Aktiengesellschaft’s (ETR:CON) top owners are private companies with 46% stake, while 28% is held by institutions
Nio bond offering, Block exec. changeup, Volkswagen stock: Top Stocks
Stocks are trading in the red ahead of Instacart’s (CART) IPO debut and the Federal Reserve’s rate hike decision this week. Nio (NIO) shares fall as the company announced a $1 billion convertible bond offering, which will be partly used to repurchase some existing debt securities. Block (SQ) shares are down as the CEO of… Continue reading Nio bond offering, Block exec. changeup, Volkswagen stock: Top Stocks
These Stocks Are Moving the Most Today: Disney, NIO, U.S. Steel, Block, AutoZone, Rocket Lab, and More
TipRanks Jeremy Grantham Says This Year’s Rally Was a Head Fake That Is Doomed to Fade — Here Are 2 Defensive Stocks to Protect Your Portfolio After deep losses last year, an AI boom has driven the stock market to a rebound in 2023. The biggest winners have been the mega-caps, companies like Alphabet, Microsoft,… Continue reading These Stocks Are Moving the Most Today: Disney, NIO, U.S. Steel, Block, AutoZone, Rocket Lab, and More