Two Sigma Investments, Hudson Bay Capital Management, and Soros Fund Management were among the prominent hedge funds that added stakes in mega-cap technology companies in the last quarter, positioning themselves to potentially benefit from the recent comeback in growth stocks. Two Sigma Investments, for instance, added a new position in Facebook-parent Meta Platforms Inc of slightly more than 1.5 million shares that were worth $248.5 million at the end… Continue reading Two Sigma, Soros among big hedge funds positioned for tech comebackTech and growth stocks have come screaming back in recent weeks after a brutal H1
Tag: Electric vehicles
Biden to sign law on Tuesday cutting most current EV credits
FILE – President Joe Biden By David Shepardson U.S. President Joe Biden will sign legislation on Tuesday that will eliminate electric vehicle tax credits for most models currently getting up to $7,500 effective. The White House said Biden will sign legislation to approve the $430 billion climate, health and tax bill on Tuesday. The bill… Continue reading Biden to sign law on Tuesday cutting most current EV credits
Time ripe to enter electric 4-wheeler space, says Anand Mahindra as company unveils 5 electric SUVs
“Today with government support, rapid lowering of the cost of ownership and increased consumer awareness of environmental awareness issues, we believe that the time is ripe and right for us to enter the four-wheeler markets with our range of battery electric vehicles,” Mahindra said. London: With increased consumer awareness and government support in place, it… Continue reading Time ripe to enter electric 4-wheeler space, says Anand Mahindra as company unveils 5 electric SUVs
More GST rate changes likely to address inverted duty, exemptions
The Goods and Services Tax (GST) Council may go in for another round of rate changes to correct the remaining instances of inverted duty, apart from withdrawing some more exemptions. A group of ministers (GoM) headed by Karnataka chief minister Basavaraj Bommai is working on the second round, people aware of the matter told ET.… Continue reading More GST rate changes likely to address inverted duty, exemptions
BorgWarner to supply battery system for European electric CV maker
BorgWarner’s AKASOL ultra-high energy battery system has been selected by a European manufacturer to power its first range of heavy-duty electric trucks. BorgWarner’s AKASOL ultra-high energy battery system has been selected by a European manufacturer to power its first range of heavy-duty electric trucks. Series production of the 4×2 rigid axle, 18-ton truck and 6×2… Continue reading BorgWarner to supply battery system for European electric CV maker
Lignin: the paper byproduct that could be a gamechanger
Other Lignin applications being researched include a replacement for ABS plastic and an asphalt binder Lignin is a sustainable material that exists between the cell walls of woody plants, and it’s a by-product of the paper industry. This little-known material has been the subject of research for some time as a potential substitute for carbon-based products,… Continue reading Lignin: the paper byproduct that could be a gamechanger
Mahindra reveals five new electric SUVs on INGLO platform
Mahindra & Mahindra chose India’s 75th Independence Day to have the big reveal of its new range of electric SUVs. Based on Mahindra’s new INGLO platform, the five upcoming born-electric SUVs have been categorised into two distinct sub-brands – XUV.e and BE. The XUV.e sub-brand will have two models under it – XUV.e8 and XUV.e9… Continue reading Mahindra reveals five new electric SUVs on INGLO platform
Tesla Mistakes Horse and Buggy for Murderous Semi Truck
It’s definitely none of those things. Old Meets New Is it a truck? Is it a van? A new viral video, shared on TikTok, shows a Tesla vehicle getting mightily confused by a white, four-wheeled carriage being pulled by a horse. The electric vehicle’s self-driving software can be seen visibly struggling to cope, flipping between… Continue reading Tesla Mistakes Horse and Buggy for Murderous Semi Truck
Volvo XC40 Recharge 2022 UK drive
Volvo’s marketeers have played a blinder. The company is seen as future-looking, eco-friendly and huggable, the car brand that everyone loves to love, yet it has never been the fully electric pioneer compared with some rivals. BMW, Mercedes-Benz, Jaguar and Audi all were a bit quicker in the EV dash. The dual-motor XC40 P8 Recharge… Continue reading Volvo XC40 Recharge 2022 UK drive
Amazon Wants 100,000 Electric Vans. Can Rivian Deliver?
Nearly three years ago, Amazon announced that it would buy 100,000 custom-made delivery vehicles from Rivian, a fledgling maker of electric vehicles. On Thursday, after some delays, the companies said hundreds of the vans were finally on the road. The battery-powered trucks are crucial to Rivian’s business plan and survival in a very competitive auto… Continue reading Amazon Wants 100,000 Electric Vans. Can Rivian Deliver?