China is the largest new-car market in the world and has been a fast adopter of battery-powered vehicles. Go to Source
Author: Yarhow_Finance Online News
Magna Builds Its Electric Future by Making Cars for Start-Ups That Can’t
The big global Canadian auto-parts giant has the assets to build vehicles for companies that want to go asset light, from global car companies to electric-vehicle start-ups. That could give it a major role in the future, and as car sales recover, a higher share price. Go to Source
German Auto Supplier Hella Weighs Software Unit Sale
(Bloomberg) — German automotive supplier Hella GmbH is planning a sale of its driver-assistance software unit, people familiar with the matter said. Hella is working with advisers to gauge interest in the business, according to the people. It could fetch several hundred million euros, the people said, asking not to be identified because the information… Continue reading German Auto Supplier Hella Weighs Software Unit Sale
Li Auto Stock Just Got Its First Two Buy Ratings. How the Electric-Vehicle Maker Is ‘Differentiating Itself’ From Nio.
Chinese electric-vehicle startup (LI) got its first Buy ratings—two of them—from Goldman Sachs and Bernstein. Goldman analyst Fei Fang set his price target at $20.60 a share. Fang’s price target is a hair-lower, but he put Li stock on Goldman’s “conviction buy” list, reserved for the firms’ best ideas. Go to Source
Chinese EV Maker Xpeng Sets Term For Up To $1.1B IPO
View photos As speculated, Chinese electric vehicle maker Xpeng Inc. amended its preliminary prospectus filed with the SEC, disclosing the price range and the size of its initial public offering in the U.S. Xpeng’s Updated IPO Terms: In a second amendment to its F-1 filing late Friday, Xpeng said it plans to offer 85,000 American Depository Shares, or… Continue reading Chinese EV Maker Xpeng Sets Term For Up To $1.1B IPO
Chinese EV Maker Nio Plans Global Expansion Starting With Europe Later This Year
Nio Inc (NYSE: NIO) Chairman William Li said Thursday that the electric vehicle maker has plans to expand into other markets in the second half of 2020, CNBC reported. What Happened The Telsa Inc (NASDAQ: TSLA) rival is considering a foray into countries that are electric vehicle-friendly. “We hope to begin with Europe,” Li told reporters, without giving… Continue reading Chinese EV Maker Nio Plans Global Expansion Starting With Europe Later This Year
California’s Power Problems Could Benefit Natural Gas and Battery Makers
EQT, Exxon, and Sunrun are among the stocks that could get a boost as the state debates how to prepare for future surges. Go to Source
Goodyear’s stock fall after Trump tweet urging boycott of company’s tires, while rivals’ shares gain
Shares of Goodyear Tire & Rubber Co. dropped 3.1% in afternoon trading Wednesday, after President Donald Trump urged people not to buy the tire maker’s tires, after reports that the company is prohibiting workers from wearing apparel with political slogans, which would include “Make America Great Again” hats. “Don’t buy GOODYEAR TIRES — They announced… Continue reading Goodyear’s stock fall after Trump tweet urging boycott of company’s tires, while rivals’ shares gain
More Than Just an Electric Vehicle Maker, NIO Launches Battery as a Service Subscription Model
In an increasingly crowded EV market, NIO is distinguishing itself with an innovative approach to EV ownership. Go to Source
China’s Nio Unveils Battery-As-A-Service, Lowering EV Ownership Costs
Nio Inc – ADR (NYSE: NIO) confirmed early Thursday two landmark developments that are intended to drive its electric vehicle sales. Nio’s Twin Announcements: Nio unveiled a battery-as-a-service, or BaaS, subscription model, and also announced the establishment of the Wuhan Weineng Battery Asset Co. Nio’s BaaS Economics: The BaaS subscription model will allow customers purchase EVs separately,… Continue reading China’s Nio Unveils Battery-As-A-Service, Lowering EV Ownership Costs