(Bloomberg) — Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric cars, has kicked off an A-share private placement that could raise about 45 billion yuan ($6.7 billion), according to terms of the deal seen by Bloomberg News. Most Read from Bloomberg The Ningde, Fujian-based company has set a floor price… Continue reading Battery Giant CATL Kicks Off $6.7 Billion Placement
Author: Yarhow_Finance Online News
Why Rivian, Lucid, and Nio Are Sinking Today
Electric vehicle (EV) start-ups are near the top of the risk spectrum, and several stocks are plunging accordingly. Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) are two domestic producers that were down 5.9% and 9%, respectively, as of 10:45 a.m. ET. China-based Nio (NYSE: NIO) was also deeply in the red, down 10.8%.… Continue reading Why Rivian, Lucid, and Nio Are Sinking Today
16 Best Beginner Stocks To Invest In Right Now
In this article, we discuss the 10 best beginner stocks to invest in right now. If you want to skip our detailed commentary on which stocks are best for beginners and why, go directly to 5 Best Beginner Stocks To Invest In Right Now. Smartphone applications like Robinhood Markets, Inc. (NASDAQ:HOOD) which enable users to… Continue reading 16 Best Beginner Stocks To Invest In Right Now
Auto Roundup: TSLA’s Autopilot Probe, THO’s Earnings Beat Streak & More
China Association of Automobile Manufacturers (CAAM) released vehicle sales data for May. Vehicle sales in China declined 12.6% year over year to 1.86 million units but rose around 57% from April volumes. The month-over-month improvement could be attributed to stimulus packages offered by the government in an effort to revive the market. Per CAAM, sales… Continue reading Auto Roundup: TSLA’s Autopilot Probe, THO’s Earnings Beat Streak & More
10 Beaten-Down Asian Stocks to Buy Today
In this article, we discuss 10 beaten-down Asian stocks to buy today. If you want to see more stocks in this selection, click 5 Beaten-Down Asian Stocks to Buy Today. While the US dollar remains strong, Asian markets on June 10 stumbled on the back of higher rates guidance from the European Central Bank and… Continue reading 10 Beaten-Down Asian Stocks to Buy Today
Why Nio Stock Is Sinking Further Today
Barrons.com Tesla Unveils Plan for 3-for-1 Stock Split Tesla wants to split its stock 3-for-1, the company said in a proxy statement Friday. “Our success depends on attracting and retaining excellent talent, not only through providing a respectful, safe, inclusive and equitable workplace, but also through offering outstanding benefits and highly competitive compensation packages,” Tesla… Continue reading Why Nio Stock Is Sinking Further Today
Why Li Auto Shares Popped This Week
Bloomberg China Tech Titans Make a Comeback as US Peers Stumble (Bloomberg) — An easing of China’s regulatory crackdown is lifting the shares of the nation’s giant technology companies, helping them to finally outperform their US counterparts after a dismal year. Most Read from BloombergUS Lifts Covid-19 Test Requirement for International TravelUS Inflation Quickens to… Continue reading Why Li Auto Shares Popped This Week
Tesla Stock Vs. BYD Stock: TSLA Split Looms While Hottest EV Stock Races Toward Highs
TheStreet.com Uber Will Likely Follow the Movements of the Broader Market For his second “Executive Decision” segment of Thursday’s Mad Money program, Jim Cramer sat down with Dara Khosrowshahi, CEO of Uber Technologies . When asked about the changing expectations on Wall Street, Khosrowshahi explained that we live in complicated times, and during complicated times,… Continue reading Tesla Stock Vs. BYD Stock: TSLA Split Looms While Hottest EV Stock Races Toward Highs
Top Toyota Supplier Denso Mulls $3 Billion Chip Unit Spinoff
(Bloomberg) — Denso Corp., one of the world’s top automotive semiconductor manufacturers and a key supplier to Toyota Motor Corp., may consider spinning off its chip business, which generates around 420 billion yen ($3.1 billion) in sales, the company’s chief technology officer said Friday. Most Read from Bloomberg Well known as the world’s second-biggest auto-parts… Continue reading Top Toyota Supplier Denso Mulls $3 Billion Chip Unit Spinoff
Denso may consider spinning off chip business, Bloomberg says, citing executive
TOKYO (Reuters) – Denso Corp may consider spinning off its chip business, a top executive of the major Japanese maker of semiconductors used in automobiles and a main supplier to Toyota Motor Corp told Bloomberg News on Friday. “We need to think about whether the time will come when we sell semiconductors, alone, externally,” Bloomberg… Continue reading Denso may consider spinning off chip business, Bloomberg says, citing executive