Reuters Indonesia tax cut drives electric car sales for Hyundai, Wuling Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia’s largest economy. Effective from April, Indonesia cut the value-added tax (VAT)… Continue reading Tesla Vs. BYD 2023: TSLA Stock Faces Resistance As BYD Clears Buy Point
Author: Yarhow_Finance Online News
Rail Vision Announces Pricing of $6.0 Million Registered Direct and Private Placement Offerings
Rail Vision Ltd. Ra’anana, Israel, May 10, 2023 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development stage technology company seeking to revolutionize railway safety and the data-related market, today announced that it has entered into definitive agreements with investors for the purchase and sale of 3,947,368 shares and/or pre-funded warrants… Continue reading Rail Vision Announces Pricing of $6.0 Million Registered Direct and Private Placement Offerings
Dana Launches €425 Million Senior Notes Offering
MAUMEE, Ohio, May 10, 2023 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l. (the “Issuer”), is proposing to issue €425 million aggregate principal amount of senior unsecured notes due 2031 (the “2031 Notes”) in a private offering that is exempt from the registration requirements of… Continue reading Dana Launches €425 Million Senior Notes Offering
BorgWarner Launches Exclusive Co-Branded Borg-Warner Trophy® Merchandise with Indianapolis Motor Speedway
Merchandise exclusively available through Legends retail operations First time officially licensed BorgWarner Trophy® and Indianapolis Motor Speedway co-branded items have been available for sale to fans Collaboration bolsters relationship with Indianapolis Motor Speedway and Legends AUBURN HILLS, Mich., May 10, 2023 /PRNewswire/ — For the first time, BorgWarner has collaborated with the Indianapolis Motor Speedway… Continue reading BorgWarner Launches Exclusive Co-Branded Borg-Warner Trophy® Merchandise with Indianapolis Motor Speedway
GOODYEAR ANNOUNCES INDUSTRY’S FIRST TIRE TO USE CARBON BLACK PRODUCED VIA METHANE PYROLYSIS
The tire tread in a select size of the Goodyear ElectricDrive™ GT will include Monolith carbon black. AKRON, Ohio, May 10, 2023 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a new tread formulation for its ultra-high performance, all-season ElectricDrive™ GT tire, tuned for electric vehicles, in size 235/40R19. The specialized… Continue reading GOODYEAR ANNOUNCES INDUSTRY’S FIRST TIRE TO USE CARBON BLACK PRODUCED VIA METHANE PYROLYSIS
China’s SAIC to dilute stake in MG Motor India, drive EV sales
BENGALURU (Reuters) – China’s SAIC Motor plans to drop its ownership in MG Motor India to allow domestic entities to take a majority stake, the Indian electric vehicle maker said on Wednesday, as Chinese investments face increased scrutiny by the New Delhi government. MG also plans to invest more than 50 billion rupees ($611.4 million)… Continue reading China’s SAIC to dilute stake in MG Motor India, drive EV sales
Is Byd Co. (BYDDY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Byd Co., Ltd. (BYDDY) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out. Byd Co., Ltd. is one of 119 companies in… Continue reading Is Byd Co. (BYDDY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
4 Hot Stocks to Tap the Foreign Auto Industry’s Growth Potential
The increasing demand for green vehicles is serving as a key catalyst for the Zacks Automotive – Foreign industry. Most countries are witnessing a significant surge in sales of electric vehicles (EVs) due to rising climate concerns. Despite economic concerns, the car markets in major regions such as China, Europe, and India are predicted to… Continue reading 4 Hot Stocks to Tap the Foreign Auto Industry’s Growth Potential
UPDATE 1-China’s BYD cuts starting price for Seal EV; aims to extend lead
(Recasts and adds details, adds analysts’ comments in paragraphs 4-5) SHANGHAI, May 10 (Reuters) – BYD Co Ltd on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products. The company replaced… Continue reading UPDATE 1-China’s BYD cuts starting price for Seal EV; aims to extend lead
CATL chief scientist Wu Kai named as finalist for European Inventor Award 2023
NINGDE, China, May 9, 2023 /PRNewswire/ — On May 9, Wu Kai, the Chief Scientist of CATL, and his team were nominated as finalists for the European Inventor Award 2023 in the “Non-EPO countries” category, for their contribution to the safety of lithium-ion batteries. (PRNewsfoto/Contemporary Amperex Technology Co., Limited) Launched by the European Patent Office (EPO)… Continue reading CATL chief scientist Wu Kai named as finalist for European Inventor Award 2023