Months after Elon Musk’s company disrupted China’s electric-vehicle industry with price cuts, it joined 15 Chinese automakers in a vow to promote “core socialist values.” Go to Source
Author: Yarhow_Finance Online News
Goodbye, Volkswagen: China’s New EV Winners
The new top dogs in China’s electric vehicle market are starting to thin out the pack. Tesla is in the running, but most other foreign brands aren’t. Go to Source
Tesla and Chinese Rivals Signal Truce in Brutal EV Price War
(Bloomberg) — Tesla Inc. and China’s top automakers pledged to maintain fair competition and avoid “abnormal pricing” in the world’s biggest EV market, signaling a possible end to a price war that’s rattled the industry this year. Most Read from Bloomberg Executives from 16 companies took part in a signing ceremony at the China Auto… Continue reading Tesla and Chinese Rivals Signal Truce in Brutal EV Price War
Tesla Vs. BYD 2023: Tesla Deliveries Boom In Q2; EV Archrival’s Sales Also Race To Record
Tesla vs. BYD 2023: Tesla deliveries boomed above Q2 views. BYD sales hit a record too. TSLA stock has more than doubled in 2023. BYD is in a buy zone. Go to Source
CATL Chief Scientist Wu Kai wins the European Inventor Award 2023
NINGDE, China, July 5, 2023 /PRNewswire/ — On July 4, Wu Kai, the chief scientist of CATL, and his team were awarded the European Inventor Award 2023 for the “Non-EPO countries” category for their contributions to lithium-ion battery safety at an award ceremony held in Valencia, Spain. (PRNewsfoto/Contemporary Amperex Technology Co., Limited) “It is a great… Continue reading CATL Chief Scientist Wu Kai wins the European Inventor Award 2023
Can Mixed Fundamentals Have A Negative Impact on Linamar Corporation (TSE:LNR) Current Share Price Momentum?
Most readers would already be aware that Linamar’s (TSE:LNR) stock increased significantly by 13% over the past three months. However, we wonder if the company’s inconsistent financials would have any adverse impact on the current share price momentum. In this article, we decided to focus on Linamar’s ROE. Return on equity or ROE is a… Continue reading Can Mixed Fundamentals Have A Negative Impact on Linamar Corporation (TSE:LNR) Current Share Price Momentum?
Why BorgWarner Stock Is Down Big on Some Quote Services Today
On Monday, auto parts supplier BorgWarner (NYSE: BWA) completed the spinoff of its fuel systems and aftermarket businesses into a new publicly traded company. The all-stock split is creating confusion on some websites that track stock prices, causing BorgWarner shares to appear down more than 10% in Wednesday trading. BorgWarner is an automotive industry specialist… Continue reading Why BorgWarner Stock Is Down Big on Some Quote Services Today
Adient to discuss Q3 fiscal 2023 financial results on August 2, 2023
PLYMOUTH, Mich., July 5, 2023 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, will host a conference call on August 2, 2023 at 8:30 a.m. (EDT) to discuss its third quarter fiscal 2023 financial results. A link to the live webcast of the call and presentation materials will be available on the… Continue reading Adient to discuss Q3 fiscal 2023 financial results on August 2, 2023
Nio’s Business Bounces Back, but There’s a Better Way to Play Chinese EV Stocks
Earlier this year, Nio (NYSE: NIO) shares dropped to multi-year lows as the Chinese electric vehicle (EV) maker struggled to regain momentum after it worked to recover from various production and delivery headwinds. Electric vehicle adoption is growing globally, but China is the biggest market. Go to Source
BYD Stock Gain Lags Behind Tesla’s 127% Jump Amid China EV Race
(Bloomberg) — BYD Co. and Tesla Inc. are competing head to head in China’s electric-vehicle market, but the US EV maker is a clear winner when it comes to stock performances. Most Read from Bloomberg Shares of Tesla have rallied 127% this year in the US as price cuts boosted deliveries and its artificial intelligence… Continue reading BYD Stock Gain Lags Behind Tesla’s 127% Jump Amid China EV Race