Author: Yarhow_Finance Online News

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

China’s BYD Joins Latin America Lithium Rush to Feed Electric-Car Switch

(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

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