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☆ VW, Rivian, Nissan, BMW lose access to U.S. EV tax credits
▼ + stars: | 2023-04-17 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Aly Song/File PhotoApril 17 (Reuters) - The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. Treasury also disclosed General Motors (GM.N) electric Chevrolet Bolt and Bolt EUV will qualify for the full $7,500 tax credit. GM said earlier it expected at least some of its EVS would qualify for the $7,500 tax credit under the new rules, including the 2023 Cadillac Lyriq and forthcoming Chevrolet Equinox EV SUV and Blazer EV SUV. Earlier, Ford Motor (F.N) and Chrysler-parent Stellantis (STLAM.MI) said most of their electric and PHEV models would see tax credits halved to $3,750 on April 18. Treasury in December said EVs ineligible for the $7,500 consumer tax credit could qualify for a commercial leasing $7,500 credit.

☆ EV tax credits 2023: Which models are eligible for up to $7,500 in tax credits?
▼ + stars: | 2023-04-17 | by ( Ella Nilsen | ) edition.cnn.com time to read: +7 min

Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars. Which models are eligible for the new EV tax credit? Nine models, mostly from foreign brands including Hyundai and Nissan, do not qualify for the new tax credit. Under the new rule, consumers can get up to $7,500 in tax credits on eligible cars. Which countries can the materials come from under the new EV tax credit rule?

☆ The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers
▼ + stars: | 2023-04-16 | by ( Tim Mullaney | ) www.cnbc.com time to read: +9 min

And as the Biden administration pushes changes that seek to aggressively remake the car market in favor of EVs more quickly than previously anticipated. Tesla's lowest-priced model today is the Model 3 base MSRP of $41,990. There are also more financing options available in the auto loan market designed specifically for environmentally friendly cars. "There's nothing wrong with having a basic car as a first car. Tesla said its overall efforts have driven the cost of drive units, which include the car's electric motor, as low as $1,000.

☆ The cheapest electric Ford F-150 now costs $20,000 more than it did a year ago
▼ + stars: | 2023-03-30 | by ( Tim Levin | Alexa St. John | ) www.businessinsider.com time to read: +3 min

Ford has raised prices on the F-150 Lightning electric pickup again. The cheapest Ford F-150 Lightning electric pickup now costs a whopping $59,974 — $20,000 more than it did when it first hit the market a year ago. In October, Ford raised prices by another $5,000, making the Pro cost $51,974. The latest price hikes also bring the mid-level Lariat model's starting price up by $1,500 to $75,974. Ford's move could be good news for Chevrolet, whose Silverado electric truck is supposed to start at around $39,000 when it becomes available in the summer of 2024.

☆ I drove the $40,000 Kia Niro EV and found it's a solid electric SUV for people who want something more traditional than a Tesla
▼ + stars: | 2023-03-29 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

I tested the 2023 Kia Niro EV, a $39,550 electric SUV. The 2023 Kia Niro EV is none of those things. The 2023 Kia Niro EV. The 2023 Kia Niro EV. The 2023 Kia Niro EV.

☆ These electric vehicles need their batteries replaced most often
▼ + stars: | 2023-03-29 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

EV battery replacements could cost anywhere from $5,000 to $20,000, according to Recurrent. Recurrent studied how common it was for early EV models' batteries to be replaced. Including the two well-known EV battery pack recalls raises that percentage of battery replacements to 6.5%, according to Recurrent, or 975 of the 15,000. The Tesla Model 3 had one of the lower rates of battery replacement. David Zalubowski/APWhy does the likelihood of battery replacement matter?

☆ A longtime bear is ‘creeping back’ into tech — and has some picks to play it
▼ + stars: | 2023-03-22 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Tech investor Paul Meeks — an unabashed longtime tech bear — is also beginning to warm to the sector. "I'm creeping back into the sector after long advocating an underweight position in it," he said in notes to CNBC on Friday. Chip makers NXP Semiconductors and STMicroelectronics also made Meeks' list, with the tech investor saying they are two stocks that he "likes very much." Outside of semiconductors, Meeks is also looking at German software firm SAP . "Keep an eye on SAP because this windfall for them could be a really nice blessing, a game-changer," he added.

☆ Volkswagen beats Elon Musk in the race to cheap EVs, revealing a car it plans to sell for $26,600
▼ + stars: | 2023-03-17 | by ( Tim Levin | Alexa St. John | ) www.businessinsider.com time to read: +4 min

2all concept car won't ever make its way to the US. 2all concept: a small, battery-powered hatchback that it plans to sell for 25,000 euros ($26,600) or less when it goes into production in 2026. The Volkswagen ID. Volkswagen AGMusk's complicated, yearslong journey with the $25,000 EVIn 2020, Musk promised a fully autonomous, $25,000 vehicle as battery costs came down. At Tesla's first-ever Investor Day earlier this month, which many anticipated would bring news about a sub-$30,000 model, Musk mentioned almost nothing of the sort.

The Netherlands' government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the United State's effort to curb chip exports to China. Dutch Trade Minister Liesje Schreinemacher announced the decision in a letter to parliament, saying the restrictions will be introduced before the summer. It specified one technology that will be impacted is "DUV" lithography, the second-most advanced machines that ASML sells to computer chip manufacturers. Major ASML customers such as Taiwan Semiconductor Manufacturing Co. and Intel are engaged in capacity expansions. ASML has never sold its most advanced "EUV" machines to customers in China, and the bulk of its DUV sales in China go to relatively less advanced chipmakers.

☆ Dutch to restrict semiconductor tech exports to China, joining US effort
▼ + stars: | 2023-03-08 | by ( ) edition.cnn.com time to read: +3 min

Amsterdam/Washington Reuters —The Netherlands’ government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the US effort to curb chip exports to China. The announcement marked the first concrete move by the Dutch, who oversee essential chipmaking technology, toward adopting rules urged by Washington to hobble China’s chipmaking industry and slow its military advances. It specified one technology that will be impacted is “DUV” lithography systems, the second-most advanced machines that ASML sells to computer chip manufacturers. Major ASML customers such as TSMC and Intel (INTC) are engaged in capacity expansions. ASML has never sold its most advanced “EUV” machines to customers in China, and the bulk of its “DUV” sales in China go to relatively less advanced chipmakers.

☆ I've tested 19 electric cars. There are 4 huge reasons you should consider buying one.
▼ + stars: | 2023-03-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

I've driven electric cars from Tesla, Audi, Porsche, Hyundai, Kia, Volkswagen, Rivian, and more. EVs are quick, fun, and quietThe 2022 Kia EV6 GT-Line. Tim Levin/InsiderAlmost all EVs, from budget Chevys to sporty Audis, have more pep in their step than comparable gas cars. The 2022 Kia EV6. Tim Levin/InsiderSince electric cars lack bulky components like an engine and transmission, automakers enjoy lots of flexibility to add extra interior room for people and stuff.

☆ Applied Materials unveils new chip tool to lower cost in lithography process
▼ + stars: | 2023-02-28 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif., Feb 28 (Reuters) - Silicon Valley-based Applied Materials Inc (AMAT.O), among the most important makers of tools for chip manufacturing, said on Tuesday it has started selling a new tool that can lower the cost of a process involving lithography. Lithography uses light to print a pattern on the wafer, the shiny round discs used for chip making. This is especially true with the latest lithography tool by Dutch tool maker ASML (ASML.AS), called EUV, which stands for extreme ultraviolet, the wavelength of light used. Applied Materials' new tool, called Centura Sculpta, is used to shine a light only once for the first pattern and sculpt the final pattern from that. Applied Materials in a statement quoted chip maker Intel Corp (INTC.O) as saying that it collaborated closely in the "optimization of Sculpta" and would be using the technology.

☆ Morgan Stanley: This semiconductor stock is soaring — and is set to rise another 20%
▼ + stars: | 2023-02-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Investor interest in the semiconductor sector has rebounded in recent months with the iShares Semiconductor ETF up nearly 50% from its October lows. Shares in the Dutch firm have risen more than 23% year-to-date, but Morgan Stanley believes its rally still has legs. This gives the stock potential upside of over 20% to its price of around 628 euros on Thursday. Why ASML is a top pick Morgan Stanley said ASML is a "high-quality" name that dominates its segment. The semiconductor sector is notorious for its cyclicality and boom-bust cycles, but Morgan Stanley said 2023 will be a "recovery year" for semiconductors, as macro headwinds subside and demand for consumer devices remain sticky.

☆ ASML says ex-China employee misappropriated data relating to its critical chip technology
▼ + stars: | 2023-02-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. ASML , one of the world's most critical semiconductor firms, said Wednesday that it recently discovered that a former employee in China had misappropriated data related to its proprietary technology. "We have experienced unauthorized misappropriation of data relating to proprietary technology by a (now) former employee in China," ASML said in its annual report. "However, as a result of the security incident, certain export control regulations may have been violated.

☆ From a road-trip disaster to a face-melting rip in the world's quickest supercar, these are my biggest lessons from driving 20 electric cars
▼ + stars: | 2023-02-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I've tested 20 electric cars, SUVs, and pickup trucks from Tesla, Ford, Porsche, Polestar, and more. But electric cars are quick, convenient, fun to drive, and quiet. Hours behind the wheel taught me some important lessons about range, charging, and our electric future. Charging can be more convenient than getting gasRecharging an electric car takes a whole lot longer than filling up on gas. The best ones offer spacious interiors and clever storageToday's electric cars typically use what's known as a skateboard platform, which is basically what it sounds like.

☆ Huawei turns to patents for a lifeline — including those in the U.S.
▼ + stars: | 2023-02-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

In 2022, Huawei announced it signed more than 20 new or extended licensing agreements for its patents. But the sheer number of patents filed meant Huawei ranked fourth last year by the number of patent grants in the U.S., IFI said. For Huawei, licensing its patents to other companies has the potential to claw back a bit of that revenue. Huawei did not break down specific figures, and only said it met its intellectual property revenue expectations for 2021. "I don't think they had a choice in terms of sort of boosting their licensing revenue."

☆ In boost for Ford and Tesla, Treasury changes EV tax rules making it easier to qualify as an SUV
▼ + stars: | 2023-02-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

Until now, the Treasury Department considered the Mustang Mach-E a car, not an SUV, for purposes of tax credits. The tax rules seemed to defy both common sense and what the EPA was saying. Before, the Treasury Department had been relying on vehicle definitions used by the National Highway Traffic Administration to administer Corporate Average Fuel Economy regulations. “This change will allow crossover vehicles that share similar features to be treated consistently,” the Treasury Department said in an announcement. 2023 and who didn’t qualify for a tax credit under the old rules may now qualify, Treasury said in its announcement.

☆ I've tested 19 different electric cars. The technology is amazing, but you shouldn't buy one yet.
▼ + stars: | 2023-02-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Testing well over a dozen new electric cars has convinced me that I want one someday. New electric cars are too expensiveThe Tesla Model Y costs close to $70,000. Today, you can't find a used EV with more than 250 miles of EPA-rated range for less than $24,000. Tim Levin/InsiderUnderdeveloped charging infrastructure is widely cited as one of the top reasons more people don't buy more electric cars. Did you recently buy an electric car, sell one, or trade it in for a different brand?

☆ These are the 11 cheapest electric cars you can buy in 2023
▼ + stars: | 2023-01-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

We've found the 11 cheapest new EVs you can buy in 2023. Chevrolet Bolt EVThe 2023 Chevrolet Bolt EV. ChevroletRetail price: $27,800EPA-estimated range: 247 milesQualifies for EV tax creditChevy recently introduced a big brother for the Bolt EV, the Bolt EUV. MazdaRetail price: $34,110EPA-estimated range: 100 milesMazda's first electric model disappoints in the all-important range department. KiaRetail price: $39,550EPA-estimated range: 253 milesThe Kia Niro gets bold new looks for the 2023 model year.

☆ Factbox: What is a chip making tool?
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +3 min

WHAT ARE CHIP-MAKING TOOLS? A single chip factory can contain 1,000 or more tools, each tuned to a different step in the process. The biggest and most sophisticated lithography machines require three Boeing 747s to carry them in sections and can cost as much as $160 million. The raft of measures, if effective, could hobble China's chip manufacturing industry by forcing American and foreign companies that use U.S. technology to cut off support for some of China's leading factories and chip designers. But to be effective, the United States needs the Netherlands and Japan to jump on board with similar restrictions.

☆ ASML CEO expects steady China sales in 2023 despite restrictions
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies ASML sees 2023 China sales around 2022 level of 2.2 bln eurosChinese orders make up about 15% of ASML backlogChinese chipmakers are simply shifting investment -CEOAMSTERDAM, Jan 25 (Reuters) - ASML Holding NV's (ASML.AS) exports to mainland China will likely hold at last year's level in 2023 despite ongoing U.S-Dutch government talks over new restrictions on the company's sales to the country, CEO Peter Wennink said on Wednesday. The company still sends older DUV machines to China, although these are now a focus of the U.S.-Dutch talks. Such sales totalled around 2.16 billion euros ($2.35 billion), or 14% of total revenue, last year, down marginally from 2.17 billion in 2021. "They just become very practical," he said, adding that Chinese customers are investing in 20 nanometre chips and larger - those considered cutting edge before the year 2014. ($1 = 0.9175 euros)Reporting by Toby Sterling; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Dutch defence ministry advised against ASML exports to China in 2020 -FD
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eva Plevier/File PhotoAMSTERDAM, Jan 20 (Reuters) - The Netherlands' defence ministry advised the government in 2020 not to allow semiconductor equipment supplier ASML Holding NV (ASML.AS) to export any of its most modern machines to China, Dutch newspaper Het Financieele Dagblad reported on Friday. The advice has been heeded, as ASML has not shipped EUV technology to Chinese customers. The publication comes as the Dutch government is weighing additional restrictions on ASML's exports of older equipment to China. Prime Minister Mark Rutte said on Jan. 17 he expected a "good outcome" to discussions with the United States on the matter after meeting with President Joe Biden in Washington. "In addition our most important strategic security partner, the United States, has made an urgent appeal to the Netherlands not to export the EUV technology to China."

☆ I've driven 19 electric cars. Here are 4 reasons you should consider buying one (that have nothing to do with the environment).
▼ + stars: | 2023-01-10 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

☆ Chip stocks tumbled in 2022. How to play the sector in the new year
▼ + stars: | 2023-01-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Semiconductor stocks suffered a series of blows in 2022 as demand for consumer discretionary items fell off a cliff and supply chain disruptions continued. Betting on semiconductor favorites Despite ongoing volatility, some analysts and investors are still betting on once high-flying names in 2023, even though the challenges of 2022 continue. One of those is Advanced Micro Devices, a chip stock commonly connected with PC and server chips that fell hard in 2022. Texas Instruments held up better than the rest of the semiconductor market in 2022, shedding a little more than 12%. Bailey is mostly shying away from former, rapid growth names, with small bets on ASML and Marvell for clients looking for possible higher growth.

☆ Tax credit confusion could create a rush for electric vehicles in early 2023
▼ + stars: | 2022-12-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

That means the rules will, temporarily, be more generous, allowing higher tax credits on more electric vehicles, for the first few months of the new year. The latest announcement, which will temporarily open up more tax credit money, is likely mostly a good thing for consumers. Figuring out who and what qualifiesThe lopsided tax credit at the start of the year is just one of several potential sources of confusion. Under the new EV tax credit rules, the Chevrolet Bolt EV and EUV are eligible for tax credits in the new year. That was the limit for any given manufacturer under the outgoing tax credit requirements.

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