Tag: Electric vehicles

Biden team pledges aggressive steps to address chip shortage

The Biden administration is working to address the global semiconductor shortage that has caused production halts in U.S. industries including autos, White House Press Secretary Jen Psaki said. The administration is identifying choke points in supply chains and discussing an immediate path forward with businesses and trading partners, Psaki told reporters at the White House… Continue reading Biden team pledges aggressive steps to address chip shortage

Ford CEO calls for settlement between LG Chem, SK Innovation

By Reuters Staff 1 Min Read FILE PHOTO: Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, U.S. September 17, 2020. REUTERS/Rebecca Cook WASHINGTON (Reuters) – Ford Motor Chief Executive Jim Farley on Thursday publicly encouraged South Korea’s chemicals and electric vehicle (EV) battery… Continue reading Ford CEO calls for settlement between LG Chem, SK Innovation

Commercial EV makers losing business as lenders deny loans worried over resale value

Bengaluru: Smooth access to consumer finance has become a hurdle in the sale of commercial electric vehicles (EV) with banks wary of lending, worried over resale and residual value of EVs in the event of loan defaults. Sections of EV firms in the business of manufacture and sale of electric three and four wheelers like… Continue reading Commercial EV makers losing business as lenders deny loans worried over resale value

LG wins key EV battery dispute against SK Innovation in US

SEOUL/NEW YORK — The U.S. International Trade Commission has ruled in favor of LG Chem’s trade-secrets theft claim against rival SK Innovation, concluding a 20-month investigation on the dispute between the two South Korean conglomerates. The commission’s decision on Wednesday includes a 10-year exclusion order against SK Innovation, or SKI, to ban it from importing… Continue reading LG wins key EV battery dispute against SK Innovation in US

15 Fastest-Growing Engineering Fields

In this article we are going to talk about 15 fastest-growing engineering fields. You can skip our discussion about the scope and growth prospects of engineering and go directly to 5 fastest-growing engineering fields. In his historic essay titled “It’s Time to Build,” American entrepreneur and visionary Marc Andreessen shed some light on the importance… Continue reading 15 Fastest-Growing Engineering Fields

REFILE-FOCUS-Manufacturer for hire: China’s Geely sets out to become a force in electric cars

(Corrects typographical error in chairman’s name, paragraph 1) By Yilei Sun and Brenda Goh HANGZHOU, China/SHANGHAI, Feb 11 (Reuters) – Like manyothers in his industry, Geely Chairman Li Shufu has been irkedby skyrocketing valuations for electric car manufacturers suchas Tesla Inc and Nio Inc, sources at theChinese automaker say. Getting Geely, which owns Volvo Cars… Continue reading REFILE-FOCUS-Manufacturer for hire: China’s Geely sets out to become a force in electric cars

Bitcoin jumps 7% after Elon Musk posts an image of a crypto-themed ring and makes a vague reference to dogecoin

Photo illustration by Chesnot/Getty Images The price of bitcoin rose by as much as 7% on Thursday after Elon Musk posted a vague tweet with a reference to dogecoin and an image of a crypto-themed ring. The digital asset rose by $4,000 to trade around $48,000 at 9:40 a.m. ET, after it was stuck around… Continue reading Bitcoin jumps 7% after Elon Musk posts an image of a crypto-themed ring and makes a vague reference to dogecoin

Tesla’s rise means that Elon Musk represents a ‘key man’ risk for the stock market, DataTrek says

Yasin Ozturk/Anadolu Agency via Getty Images The meteoric rise of Tesla and its inclusion into the S&P 500 means Elon Musk represents “key man” risk to the stock market, DataTrek said in a note on Thursday. “Tesla is 2% of the S&P 500, large enough to drag down the index if something were to happen… Continue reading Tesla’s rise means that Elon Musk represents a ‘key man’ risk for the stock market, DataTrek says

Cathie Wood and her analysts discuss why Tesla’s $1.5 billion bitcoin purchase could trigger a wave of corporate investments, the fallout of the GameStop-AMC phenomenon, and their bullish views on the Chinese stock behind Clubhouse

In a Tuesday webinar, Ark CEO Cathie Wood said stocks are not in a bubble but bonds are. She and her team break down the implications of Tesla’s $1.5 billion bitcoin investment. They also shared the investment case for the Chinese stock behind the audio chat app Clubhouse.  Visit the Business section of Insider for… Continue reading Cathie Wood and her analysts discuss why Tesla’s $1.5 billion bitcoin purchase could trigger a wave of corporate investments, the fallout of the GameStop-AMC phenomenon, and their bullish views on the Chinese stock behind Clubhouse