The Volkswagen Group is pushing ahead with its ambitious electric vehicle (EV) strategy in North America. Its battery company PowerCo SE aims to build its largest gigafactory to date in St. Thomas, Ontario/Canada with an annual production capacity of up to 90 GWh in the final expansion phase. The planned investment is up to 4.8… Continue reading Volkswagen and PowerCo to build largest gigafactory in Canada
Category: Automotive
Volkswagen and PowerCo to build largest gigafactory in Canada
The Volkswagen Group is pushing ahead with its ambitious electric vehicle (EV) strategy in North America. Its battery company PowerCo SE aims to build its largest gigafactory to date in St. Thomas, Ontario/Canada with an annual production capacity of up to 90 GWh in the final expansion phase. The planned investment is up to 4.8… Continue reading Volkswagen and PowerCo to build largest gigafactory in Canada
udChalo launches electric bicycle Vir Bike at Rs 25,995 for armed forces and Rs 27,995 for rest of India
udChalo launches electric bicycle Vir Bike at Rs 25,995 for armed forces and Rs 27,995 for rest of India udChalo, a Pune-based consumer technology company for the armed forces, has launched Made in India electric bicycle Vir Bike, to celebrate Earth Day (22 April). The company has introduced this eco-friendly vehicle to offer sustainable and… Continue reading udChalo launches electric bicycle Vir Bike at Rs 25,995 for armed forces and Rs 27,995 for rest of India
Porsche India announces Cayenne, Cayenne Coupe facelift prices, deliveries to begin in July
Porsche India announces Cayenne, Cayenne Coupe facelift prices, deliveries to begin in July Stuttgart, Germany-based sports-car maker, Porsche, has announced the prices of the facelifted versions of the Cayenne and Cayenne Coupe, which come priced at Rs 1.36 crore and 1.42 crore, ex-showroom, respectively. While bookings for the Cayenne facelift twins are now open, deliveries… Continue reading Porsche India announces Cayenne, Cayenne Coupe facelift prices, deliveries to begin in July
UPDATE 1-MG Motor launches plug-in hybrid option in Mexico as EV race heats up
(Updates with additional detail on 2023 plans, adds photos) By Kylie Madry MEXICO CITY, April 20 (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said on Thursday, as the market for hybrid and electric vehicles in the Latin American country heats up despite a lack of infrastructure and high… Continue reading UPDATE 1-MG Motor launches plug-in hybrid option in Mexico as EV race heats up
MG Motor launches plug-in hybrid option in Mexico as EV race heats up
By Kylie Madry MEXICO CITY, April 20 (Reuters) – Carmaker MG Motor is launching a plug-in hybrid SUV in Mexico, the company announced on Thursday, as the market for hybrid and electric vehicles in the Latin American country heats up despite a lack of infrastructure and high costs for locals. MG Motor’s hybrid eHS model… Continue reading MG Motor launches plug-in hybrid option in Mexico as EV race heats up
Tesla stock is ‘egregiously overvalued’: Analyst
Tesla (TSLA) stock took a nosedive after the electric vehicle giant posted a first quarter revenue and profit miss, and gross margins that dipped below 20% to 19.3%, as the cost of recent price cuts hit profitability. The company’s thinning margins has prompted some of Wall Street to go bearish on the stock, with a… Continue reading Tesla stock is ‘egregiously overvalued’: Analyst
These Are The 5 Best EV Stocks To Buy And Watch Now
TipRanks Wells Fargo Says These 2 Beaten-Down Stocks Remain ‘Top Picks’ — Here’s Why They Could Rebound Do you wonder where the stock market is headed? Well, Wells Fargo’s senior global market strategist, Scott Wren, believes that the S&P 500 will remain range-bound, with a low end around 3,600 and a top end around 4,300,… Continue reading These Are The 5 Best EV Stocks To Buy And Watch Now
Genuine Parts (GPC) Q1 Earnings & Sales Beat, Increase Y/Y
Genuine Parts Company GPC reported first-quarter 2023 adjusted earnings of $2.14 per share, up 15.1% year over year. The bottom line also surpassed the Zacks Consensus Estimate of $2.02 per share. Higher-than-expected sales across both of its segments resulted in this outperformance. The company reported net sales of $5,765.1 million, outpacing the Zacks Consensus Estimate… Continue reading Genuine Parts (GPC) Q1 Earnings & Sales Beat, Increase Y/Y
Survey: Clear majority rejects FDP stock pension
Berlin – More risk in the statutory pension insurance? A clear majority of people oppose the FDP’s goal of experimenting with pensions on the capital market. Two thirds (67%) of those entitled to vote reject the goal of the Federal Minister of Finance and FDP leader Christian Lindner of investing part of the pension contributions… Continue reading Survey: Clear majority rejects FDP stock pension