electricvehicles
In a bid to expand its electric vehicle (EV) capabilities, Honda Motor (NYSE:HMC) has announced plans to invest approximately C$15 billion to establish a comprehensive EV value chain in Ontario, Canada. The investment reflects Honda's efforts to meet the increasing long-term demand for EVs in North America. “Today's announcement is a historic investment by a manufacturer in the Canadian auto industry,” said Honda Canada President and CEO Jean Marc Leclerc in a company announcement on April 25. “It proudly honors the highly skilled associates who have earned a global reputation for manufacturin...
Investing News Network
Tesla (NASDAQ:TSLA) shares rose on Monday (April 29) morning following the announcement that Chinese authorities have approved the company’s advanced driver-assistance technology. The company was up 11.88 percent from Friday’s (April 26) close at US$188.29 as of the opening bell. CEO Elon Musk made a surprise trip to China over the weekend as the Beijing auto show ended. Soon after his landing, news broke that the company’s advanced driver-assistance technology has successfully met China’s strict data security requirements, leading to the removal of previously placed Tesla car restrictions tha...
Investing News Network
All eyes were on Tesla (NASDAQ:TSLA), a key player in the electric vehicle (EV) market, as investors awaited the much-anticipated release of its first quarter results on Tuesday (April 23). Despite its prosperous past, Tesla has experienced a shift in fortunes over the past year. It has struggled to maintain its position among the so-called Magnificent 7, a group of high-performing tech stocks that drove major indexes in 2023. Amid decreased demand for EVs, higher competition among EV makers and a string of controversies that have followed the company and CEO Elon Musk throughout the years, Te...
Investing News Network
Lithium prices remained subdued in the first quarter of 2024, well below highs set in late 2022 and 2023. Various factors, including oversupply and weak electric vehicle (EV) demand, kept prices muted over the 90 day period. Even as a market glut weighs on prices, Fastmarkets is forecasting that lithium supply will increase by 30 percent by the end of the year. The firm notes in a January report that some new supply is being ramped up, while some high-cost output is being cut — it remains to be seen how the current price environment will impact these plans. "Market participants expect downstre...
Investing News Network
After a 2022 that saw lithium prices soar, the battery metal came crashing back down last year. Support for the industry and for electric vehicles (EVs) remains strong in the long term as global leaders strive to reduce emissions, but what does today's low price environment mean for the lithium market now? To find out, the Investing News Network (INN) spoke with experts about the lithium outlook for 2024. How did lithium perform in 2023?While lithium demand was significant in 2023, growth fell year-on-year as an economic slowdown affected EV demand, particularly in China. Additionally, the mar...
Investing News Network
世界の電気自動車(EV)は今後数年間で急増し、今年初めの2700万台から2026年までに累計で1億台...
サステナブル・ブランド ジャパン
As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity. How Much Oil Do Electric Vehicles Save?A standard combustion engine passenger vehicle in the U.S. uses about 11 barrels of oil equivalent (BOE) per year. A motorcycle uses 1, a Class 8 truck about 24, and a bus uses more than 258 BOEs per year. When these vehicles become electrified, the oil their combustion engine counterparts would have used is no longer needed, displacing oil demand with electricity. Since 2015, two and three-wheeled vehicles, such as moped...
ValueWalk
Global demand for electric vehicles (EVs) has continued to grow on the back of wider macroeconomic problems. While this is good news for automakers in the businesses, and investors throwing their cash at these companies, some manufacturers in China are having a hard time posting positive profits. Despite these EV automakers seeing increased demand from consumers in both China, and abroad, and delivering more vehicles than in the last few years, some companies have yet to be profitable since their inception. While some EV manufacturers, such as BYD have seen improvements in their bottom line ov...
ValueWalk
The Biden Administration is proposing new tailpipe emissions standards, forcing carmakers to shift more focus on producing more electric vehicles. The new measures, announced by the Environmental Protection Agency (EPA), would require two-thirds of all new vehicle sales to be electric powered. The proposal is the most stringent tailpipe emission regulation in American history. The transportation sector creates the most carbon emissions in the U.S. The federal government reports that the industry generates 27 percent of the greenhouse gas emissions in the country. EPA Administrator Michael Rega...
uPolitics.com
In his podcast addressing the markets today, Louis Navellier offered the following commentary. The Labor Department reported that the PPI declined -0.5% in March and rose 2.7% in the past 12 months (down from a 4.9% annual pace in February). This was the largest monthly drop in the PPI in almost three years (since April 2020) and the annual rate is now running at the slowest pace in over two years (since January 2021). Wholesale energy prices plunged -6.4% in February, while wholesale food prices rose 0.6%. Q1 2023 hedge fund letters, conferences and more Excluding food, energy and trade margi...
ValueWalk
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