Category: Automotive

Blue Energy Motors opens India’s first LNG truck plant in Chakan

Blue Energy Motors today inaugurated India’s first Liquified Natural Gas (LNG) fuelled green truck manufacturing plant at Chakan, Pune. The facility was inaugurated by Nitin Gadkari, Union Minister of Road Transport and Highways. Blue Energy Motors, which aims to disrupt the trucking industry in India by manufacturing clean energy, near-zero emissions trucks, will roll out LNG-fueled, long-haul,… Continue reading Blue Energy Motors opens India’s first LNG truck plant in Chakan

Daimler India CV partners IIT Madras Incubation Cell to catalyse future mobility solutions

Prof. Ashok Jhunjhunwala, President – IIT Madras Research Park, IITM Incubation Cell and Satyakam Arya, MD & CEO, Daimler India CV. Daimler India Commercial Vehicles (DICV) today signed a Memorandum of Understanding (MoU) with IIT Madras Incubation Cell (IITMIC) to set up a technology epicenter to identify mid- to long-term solutions necessary for the future… Continue reading Daimler India CV partners IIT Madras Incubation Cell to catalyse future mobility solutions

“A Strong Power in Rapid Ascent”: 10 China Stocks in Ray Dalio’s Portfolio

In this article, we discuss 10 China stocks in Ray Dalio’s portfolio. If you want to skip our analysis of Dalio’s stance on China, go directly to 5 China Stocks in Ray Dalio’s Portfolio.  Ray Dalio, the billionaire chief of Bridgewater Associates, shared his thoughts on China in a series of tweets on August 31.… Continue reading “A Strong Power in Rapid Ascent”: 10 China Stocks in Ray Dalio’s Portfolio

NIO, XPeng (XPEV), LI Auto (LI) Issue August Delivery Updates

The three China-based smart electric vehicle (EV) companies, NIO Inc. NIO, XPeng Inc. XPEV and Li Auto LI, recently announced their respective delivery updates for August 2022. NIO delivered 10,677 vehicles in August, up 81.6% year over year. The deliveries include 7,551 premium smart electric SUVs and 3,126 premium smart electric sedans. Cumulative deliveries of… Continue reading NIO, XPeng (XPEV), LI Auto (LI) Issue August Delivery Updates

Nio reports boost in EV deliveries in August

Autos correspondent Pras Subramanian joins the Live show to check out Nio’s stock as the EV manufacturer reports an increase in delivery figures for August. Video Transcript [AUDIO LOGO] PRAS SUBRAMANIAN: Chinese EV maker reported over 10,000 cars in the latest July quarter and– up 6% versus July and up 80% versus a year ago–… Continue reading Nio reports boost in EV deliveries in August

Warren Buffett’s Berkshire Hathaway sells off more BYD Co. stock

American City Business Journals Starbucks names CEO to replace Howard Schultz Starbucks Corp. (Nasdaq: SBUX) has chosen its replacement for interim CEO Howard Schultz, the company announced Thursday. Laxman Narasimhan, 55, CEO of the British conglomerate Reckitt Benckiser, is set to join the company in October and take the lead executive role in the spring,… Continue reading Warren Buffett’s Berkshire Hathaway sells off more BYD Co. stock

Warren Buffett’s Berkshire Offloads More Shares in Chinese EV Giant BYD

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co. even further, offloading another 1.72 million shares as of Sept. 1, according to an exchange filing Friday, just days after the legendary US investor began reducing his holding in China’s biggest maker of electric vehicles. Most Read from Bloomberg Berkshire’s interest in… Continue reading Warren Buffett’s Berkshire Offloads More Shares in Chinese EV Giant BYD

Tesla Stock Vs. BYD Stock: EV Giant Sets Huge 2023 Goal As Buffett Trims Stake; TSLA Finds Support

Motley Fool Why Rivian, QuantumScape, and Nikola All Dropped Today Growth and technology stocks are taking it on the chin today, with the tech-heavy Nasdaq Composite Index dropping more than 2% midday Thursday. Rivian Automotive (NASDAQ: RIVN) and battery technology company QuantumScape (NYSE: QS) were down 5.2% and 6.2%, respectively, as of 2:10 p.m. ET.… Continue reading Tesla Stock Vs. BYD Stock: EV Giant Sets Huge 2023 Goal As Buffett Trims Stake; TSLA Finds Support