(Bloomberg) — BYD Co., a Chinese electric-vehicle manufacturer backed by Warren Buffett, is looking to raise as much as $3.6 billion from a sale of its Hong Kong-listed shares, capitalizing on rising demand for new-energy vehicles and a blistering stock rally. BYD is selling 121.1 million shares at HK$222 to HK$228 each, according to terms… Continue reading Electric Car Maker BYD Seeks Up to $3.6 Billion in Placement
Author: Yarhow_Finance Online News
Aeva to work with Denso on ‘mass market’ lidar sensors
TipRanks 2 Big Dividend Stocks Yielding at Least 10%; Here’s What You Need to Know Stock markets are up and holding near record high levels, a condition that would usually make life difficult for dividend investors. High market values normally lead to lower dividend yields – but even in today’s climate, it’s still possible to… Continue reading Aeva to work with Denso on ‘mass market’ lidar sensors
NIO Inc. Announces Closing of US$1.5 Billion Convertible Senior Notes
SHANGHAI, China, Jan. 19, 2021 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced that it closed the offering (the “Notes Offering”) of US$750 million in aggregate principal amount of convertible senior notes due 2026 (the “2026 Notes”) and US$750 million in… Continue reading NIO Inc. Announces Closing of US$1.5 Billion Convertible Senior Notes
Foxconn Taps Nio Co-Founder Jack Cheng To Lead New Open EV Platform
TipRanks Raymond James: 2 Big 7% Dividend Stocks to Buy Now Watching the markets with an eye to the main chance, Raymond James strategist Tavis McCourt sees both risk and opportunity in current market conditions. The opportunity, in his opinion, stems from the obvious factors: the Democrats won both Georgia Senate seats in the recent… Continue reading Foxconn Taps Nio Co-Founder Jack Cheng To Lead New Open EV Platform
Cerence and Xevo to Deliver Cerence Pay’s Conversational AI-Powered, Contactless Payment Capabilities into Vehicles via the Xevo Market Platform
Partnership to allow consumers to complete transactions by voice with a variety of popular brands Companies plan to further enhance the in-vehicle experience by integrating Cerence Drive with the Xevo Glass infotainment platform BURLINGTON, Mass., and BELLEVUE, Wash., Jan. 14, 2021 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, and… Continue reading Cerence and Xevo to Deliver Cerence Pay’s Conversational AI-Powered, Contactless Payment Capabilities into Vehicles via the Xevo Market Platform
The World’s Top Maker of Mini Motors Bets It Can Win Over Tesla
(Bloomberg) — Nidec Corp., the world’s top supplier of motors for everything from hard drives to power plants, is betting it can make a key component for Tesla Inc.’s electric vehicles cheaper and better than anyone else, possibly including its chief executive officer, Elon Musk. “I very much want to have a top-level discussion with… Continue reading The World’s Top Maker of Mini Motors Bets It Can Win Over Tesla
Magna CEO on what’s next for the auto industry
Magna’s new CEO Swamy Kotagiri on what’s next for him and the auto industry. Video Transcript ADAM SHAPIRO: Swamy Kotagiri is joining us right now. And there’s a lot going on in the US automotive industry. But your company, it’s more than just parts. It’s the technological expertise, and the software, and the different kinds… Continue reading Magna CEO on what’s next for the auto industry
Dana Builds Electrification Vertical For Commercial Vehicles
Dana Inc. (NYSE: DAN) spotted the trend toward commercial vehicle electrification four years ago when China offered incentives for smog-beating battery-powered buses. Since then, the Tier 1 automotive supplier has purchased and partnered its way to create all-in zero-emission electric powertrain systems. The 117-year-old company was founded by Charles Spicer and later joined by Charles… Continue reading Dana Builds Electrification Vertical For Commercial Vehicles
XPeng stock resumes selloff after upsized share offering prices at near 8% discount
TipRanks 3 “Strong Buy” Stocks That Could Reach New Highs The markets have been on a tear of late despite the headwinds presented by the novel coronavirus pandemic. The question is how long this will last?Writing from Goldman Sachs, the firm’s chief US equity strategist David Kostin says that the markets will outperform both other… Continue reading XPeng stock resumes selloff after upsized share offering prices at near 8% discount
XPeng stock drops to extend selloff after public share offering
TipRanks Billionaire Ray Dalio Picks Up These 3 “Strong Buy” Stocks Sometimes, the experts will tell us what we already know. Ray Dalio, the founder of Bridgewater Associates, has built a legendary reputation in financial circles, for taking his firm from a home business in his two-bedroom apartment to the international hedge fund giant, employing… Continue reading XPeng stock drops to extend selloff after public share offering