(Bloomberg) — Chinese electric-vehicle juggernaut BYD Co. is joining a Latin American lithium rush in a bid to lock in more supplies of the metal that’s a key component in EV batteries. Most Read from Bloomberg In Chile, the nation with the biggest reserves of lithium, BYD is holding talks with authorities and companies including… Continue reading China’s BYD Joins Latin America Lithium Rush to Feed Electric-Car Switch
Author: Yarhow_Finance Online News
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
Eaton (ETN) on Course to Meet Its 2030 Sustainability Goals
Eaton Corporation ETN has been working on its 2030 Sustainability Goals and has provided its current status compared with the target set under its 2030 Sustainability plans. The company has reduced its greenhouse gas emissions by 27% since 2018 and has continuously been working on lowering its emission level. Eaton is on track to meet… Continue reading Eaton (ETN) on Course to Meet Its 2030 Sustainability Goals
BorgWarner Announces Completion of PHINIA Spin-Off
AUBURN HILLS, Mich., July 3, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) today announced the successful completion of the spin-off of its Fuel Systems and Aftermarket segments into a separate, publicly-traded company named PHINIA (NYSE: PHIN). BorgWarner Logo (PRNewsfoto/BorgWarner) “A tremendous amount of work has gone into bringing us to where we are today,” said Frédéric Lissalde,… Continue reading BorgWarner Announces Completion of PHINIA Spin-Off
UPDATE 1-China’s SAIC doubles down on European expansion with EV plant plan
(Adds details, context) SHANGHAI/BEIJING, July 4 (Reuters) – China’s SAIC Motor is working on the site selection to build a plant in Europe to produce electric vehicles, the company said on Tuesday, as it presses ahead with it expansion in the region. The Chinese partner of Volkswagen and General Motors, which did not give further… Continue reading UPDATE 1-China’s SAIC doubles down on European expansion with EV plant plan
NIO, XPeng (XPEV) & LI Auto (LI) Post June, Q2 Delivery Updates
The three China-based smart electric vehicle (EV) companies, NIO Inc. NIO, XPeng Inc. XPEV and Li Auto LI, recently announced their respective delivery updates for the month of June and second quarter 2023. NIO delivered 10,707 vehicles in June, down 17.4% year over year. The deliveries included 6,383 premium smart electric SUVs and 4,324 premium… Continue reading NIO, XPeng (XPEV) & LI Auto (LI) Post June, Q2 Delivery Updates
Landmark in the history of cars in Brazil: BYD arrives in Bahia
Technology giant takes center stage in a new chapter of the automotive industry in Latin America with the production of electric and hybrid vehicles in Camaçari SALVADOR, Brazil, July 04, 2023–(BUSINESS WIRE)–BYD, Build Your Dreams, a global powerhouse of technological innovation, has just confirmed an agreement to land in Bahia and start operations in three… Continue reading Landmark in the history of cars in Brazil: BYD arrives in Bahia
Lear (NYSE:LEA) investors are up 3.4% in the past week, but earnings have declined over the last three years
Buying a low-cost index fund will get you the average market return. But if you invest in individual stocks, some are likely to underperform. Unfortunately for shareholders, while the Lear Corporation (NYSE:LEA) share price is up 32% in the last three years, that falls short of the market return. Looking at more recent returns, the… Continue reading Lear (NYSE:LEA) investors are up 3.4% in the past week, but earnings have declined over the last three years
Auto Roundup: LEA’s Upbeat Outlook, STLA-Kuniko Partnership & More
As the second quarter of 2023 comes to a close, few automakers like Hyundai, Kia and Genesis unveil their June sales numbers. While most auto giants are set to report quarterly and June deliveries in the coming days of the week, U.S. light vehicle sales are expected to have risen 16-23% year over year in… Continue reading Auto Roundup: LEA’s Upbeat Outlook, STLA-Kuniko Partnership & More
Lear Announces Date for Second Quarter 2023 Earnings Conference Call
SOUTHFIELD, Mich., July 3, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will hold a conference call to review the company’s second quarter 2023 financial results and related matters on August 1, 2023, at 8:30 a.m. EDT. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) To participate in the… Continue reading Lear Announces Date for Second Quarter 2023 Earnings Conference Call