Electric vehicles (EVs) have revolutionized the transportation industry, providing a cleaner and more sustainable mode of transportation. As EV adoption continues to rise, it is essential to assess the impact these vehicles have on the U.S. power grid. While there are concerns about the grid’s ability to handle the increased demand for electricity, there are […]
Read MoreNaaS Technology Inc. (NAAS) NaaS Technology Inc. provides electric vehicle (EV) charging services in China. It serves charging pile manufacturers and operators, OEMs, and fleet operators, as well as companies with their own delivery fleets. uCloudlink Group Inc. (UCL) uCloudlink Group Inc. operates as a mobile data traffic sharing marketplace in the telecommunications industry. The […]
Read More(Bloomberg) — BYD Co. jumped to second place in global electric-car battery rankings in July, overtaking LG Energy Solution Ltd. as China’s demand for clean cars surges. The Chinese car and battery maker supplied 6.4 gigawatt-hours of batteries in July, behind only giant Contemporary Amperex Technology Co. with 13.3 GWh. LG Energy slipped to third […]
Read More(Bloomberg) — Tesla Inc. delivered 254,695 cars worldwide in the three months to June, snapping a two-year streak of quarter-on-quarter gains, as a Covid-related shutdown at its factory in Shanghai crimped production. The results, posted Saturday, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg. That is […]
Read More(Bloomberg) — Contemporary Amperex Technology Co. Ltd. unveiled an electric-car battery it said has a range of over 1,000 kilometers (620 miles) on a single charge and is 13% more powerful than one planned by Tesla Inc., a major customer. CATL, as the world’s biggest maker of electric-car batteries is known, will start manufacturing the […]
Read More(Bloomberg) — Goldman Sachs Group Inc. said the price of three key battery metals — cobalt, lithium and nickel — will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly. “Investors are fully aware that battery metals will play a crucial role in the 21st century […]
Read More(Bloomberg) –Nickel has captured much of the limelight among battery metals in recent weeks, and understandably so. Wild price swings, including an unprecedented 250% advance over two trading sessions amid a short squeeze, and concerns tied to Russia’s role as a key supplier have added to longstanding worries among automakers about securing enough of the […]
Read More(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues. The carmaker posted earnings of 26 cents a share excluding some items for the last three […]
Read MoreKey Takeaways Analysts estimate adjusted EPS of $0.48 vs. $0.34 in Q4 FY 2020. The number of automobiles sold is expected to decline YOY. Revenue is expected to rise YOY despite global supply chain disruptions, rebounding from the most recent quarter’s decline. Ford Motor Co. (F) has struggled to make enough vehicles to meet surging […]
Read More(Bloomberg) — Tesla Inc. set a record for profit but warned that supply chain problems will keep it from introducing new vehicle models this year while it focuses on expanding production of its current lineup. That means fans of the Cybertruck will have to wait until at least 2023. On the other hand, full self-driving […]
Read More(Bloomberg) — Lithium prices are continuing their breakneck ascent in China, with surging electric-vehicle sales underpinning a fivefold gain over the past year. Chinese lithium carbonate prices tracked by Asian Metal Inc. rose to a fresh record on Monday, as data showed a 35% month-on-month jump in electric-vehicle registrations in December. Nearly 400,000 EVs were […]
Read More(Bloomberg) — Tesla Inc. has agreed to take the majority of battery-ready graphite from a production facility planned in Louisiana, as it races to secure supplies of the key material in a market dominated by China. Melbourne-based Syrah Resources Ltd. will supply Elon Musk’s company with graphite anode material for an initial four years, with […]
Read More(Bloomberg) — Pilbara Minerals Ltd., one of Australia’s top lithium miners, slashed its forecast for shipments, further exacerbating tight supply for the key ingredient in electric-vehicle batteries. The Perth-based company cited a raft of issues — from delays in commissioning and ramping up more processing capacity, to unplanned shutdowns and skilled worker shortages — in […]
Read MoreWarren Buffett scored 3,000% gains in electric car stock without Rivian or Tesla — here are 3 EV stocks flying under Wall Street’s radar After a white-hot early November, electric vehicle stocks have declined sharply over the past month or so. But for investors who got in early enough and stuck around, the returns are […]
Read MorePlug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. PLUG $42.9100 […]
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