DIRS.INFO The most relevant business & tech news

☆ GM investor day: Cruise, cash and EV profits top of mind for Wall Street
▼ + stars: | 2024-10-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — A lot has changed since General Motors' last investor day two years ago, but one thing that hasn't is the automaker's ability to outperform Wall Street's expectations — doing so every quarter since then. "Accordingly, whereas the theme for GM three years ago was "Growth Motors," we believe the theme today is "praGMatic Motors." To underscore that effort, the event is taking place GM's vehicle assembly and Ultium EV battery plants in Tennessee. Barra and other executives have stressed such a dual strategy since lowering or withdrawing nearly all of the company's EV targets amid slower than expected adoption of electric vehicles. "We are making the most of every opportunity we have in ICE and in EV and leveraging our core strengths," Barra said during the company's second-quarter investor call in July.

Persons: Mary Barra, General Motors, Dan Levy, Barra Organizations: General Motors Co, DETROIT, General, Wall Street, GM, Barclays, Spring, Spring Hill Assembly, ICE, EV Locations: Detroit , Michigan, China, Barra, Tennessee, Spring Hill

☆ German carmakers wary of 'adverse' reaction after EV tariffs: analyst
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman carmakers are wary of 'adverse' reaction after Europe's EV tariffs, ING analyst saysRico Luman, senior economist on transport and logistics at ING, says there might be more production of electric vehicles in Europe by Chinese brands, as the case for local manufacturing is boosted by tariffs.

Persons: Rico Luman Organizations: ING Locations: Europe

☆ America's trade war is coming for Gen Z's favorites
▼ + stars: | 2024-10-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

Many Gen Zers purchase cheap goods from the Chinese e-commerce companies Shein and Temu. The Biden administration is taking steps to make more Chinese imports subject to import fees. AdvertisementTwo of Gen Z's favorite shopping platforms for cheap goods could get more expensive in the near future. The trade provision, called "de minimis," allows US consumers to avoid paying these import fees on direct-to-consumer shipments of less than $800. However, import fees could vary by product.

Persons: Biden, —, Gen, Chad Schofield, wouldn't, it's, — Schofield, Kaziukėnas, Joe Biden's, Xers, Temu, Schofield, Donald Trump, Kamala Harris, Shein, he'd, Temu It's, they'd Organizations: Service Locations: Shein, China, Canada, Mexico

☆ I charged a Chevy at Tesla Superchargers for a week. It was a breeze but came with one big drawback.
▼ + stars: | 2024-10-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

GM's electric vehicles got access to Tesla Superchargers last month. AdvertisementFor the better part of a week, I was the lone Chevy at my local Tesla Superchargers. Before I could offer to help, a flock of Tesla owners amassed to troubleshoot with him. Access to Elon Musk's charging network is the latest improvement GM has made to charging access for electric vehicle owners. For a long time, the Supercharger network was a selling point for EV shoppers worried about range anxiety.

Persons: —, didn't Organizations: Service, Chevrolet, Equinox, Elon, GM, GM Energy Locations: North America

The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles. “Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from E.U. Member States for the adoption of tariffs,” the E.U. first announced that it would slap higher tariffs on Chinese electric vehicle imports in June, on the grounds that they benefit “heavily from unfair subsidies” and pose a “threat of economic injury” to electric vehicle producers in Europe. to start investigations of potential tariffs, Germany has advocated against them, raising concerns about consequences for its own struggling carmakers.

Persons: Peter Szijjarto Organizations: Union, E.U, European, China’s Ministry of Commerce, Reuters, European Commission Locations: China, “, States, Europe, Beijing, E.U, France, Germany, Hungarian

☆ RBC gives its top stock picks for the fourth quarter
▼ + stars: | 2024-10-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

The fourth quarter is just getting started, and RBC Capital Markets sees some stocks slated for growth in the months ahead. Looking ahead, RBC unveiled a list of its top 30 high-conviction global stock ideas that it thinks are poised to outperform in the long term. As a result, RBC has an outperform rating on the name, with a price target of $48. "As proof-points to the success of this strategy emerge, we believe the stock could begin to re-rate higher," the analyst said. Software name CrowdStrike and British oil giant Shell were also picked for the fourth quarter's list.

Persons: Brad Erickson, Daniel Perlin, Perlin, Ferrari, Tom Narayan Organizations: RBC Capital Markets, Dow Jones, RBC, Sarepta Therapeutics, Amazon, P Global, PayPal, Reuters Locations: Italy

☆ Chinese automakers have clearly regained control of their local market, Thomas Besson says
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese automakers have clearly regained control of their local market, Thomas Besson saysThomas Besson, head of automotive research at Kepler Cheuvreux, discusses the European Union members vote on increasing tariffs on Chinese-made electric vehicles.

Persons: Thomas Besson, Kepler Organizations: European Union

☆ Stellantis sues UAW in US federal court over strike threats
▼ + stars: | 2024-10-04 | by ( ) edition.cnn.com time to read: +3 min

CNN —Chrysler parent Stellantis filed a federal lawsuit against the United Auto Workers, saying the union has violated its contract by threatening to strike over the company’s delays in planned investment. The automaker filed the suit on Thursday asking the US District Court in the Central District of California to declare the decision by UAW Local 230 in Los Angeles to take a strike authorization vote violates terms of the contract reached last fall. Stellantis seeks to hold the UAW and the local union chapter liable for any potential revenue loss and other damages resulting from lost production due to any strike. On Thursday, a supermajority of UAW members at Stellantis’ Los Angeles Parts distribution center voted to request strike authorization if the company and union can’t settle a grievance over planned company investments. “The UAW acted in bad faith by disregarding this language, filing sham grievances, and calling a strike authorization vote to pressure Stellantis to proceed with planned investments,” the company said in the lawsuit.

Persons: Stellantis, Shawn Fain, Fain, ” Fain, Carlos Tavares, “ Organizations: CNN, Chrysler, United Auto Workers, Court, Central District of, UAW Local, UAW, Los Angeles Parts, can’t, Stellantis, The Energy Department, Plant Locations: Central District, Central District of California, Los Angeles, Belvidere , Illinois, Belvidere, Indiana, Kokomo

☆ The EU just made Chinese EVs a lot more expensive — and created a new threat for European automakers
▼ + stars: | 2024-10-04 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Europe is clamping down on Chinese electric cars. European automakers are facing plunging EV sales and pressure over looming emissions targets. AdvertisementEurope is clamping down on Chinese electric cars — but the move to protect the continent's automakers could create a new problem for the likes of Volkswagen and BMW. The European Union voted to impose sweeping tariffs on Chinese EV makers on Friday as it seeks to protect its automotive industry from what the bloc claims are unfairly subsidized cheap Chinese electric vehicles. The European tariffs come after the US introduced its own trade restrictions against Chinese EVs earlier this year.

Persons: —, Teslas, Elon Musk, Tesla, Viktor Orbán, French carmaker Renault, Luca de Meo, Julia Poliscanova Organizations: EU, Service, Volkswagen, BMW, European Union, SAIC, Benz Group, BMW Group, Mercedes, Benz, VW, French, Reuters, Transport, Environment, Transport & Environment, Business Locations: Europe, China, Paris, Germany, Hungary, Frankfurt, Beijing

☆ Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
▼ + stars: | 2024-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Waymo, which boasts around 700 vehicles in its fleet today, operates the only commercial robotaxi service in the U.S., Waymo One. They are expected to become available to Waymo One robotaxi riders in the years to follow, the companies said. Hyundai said the Waymo partnership "doesn't influence" Motional.

Persons: Waymo, robotaxi, José Muñoz, Muñoz, Hyundai, — CNBC's Jennifer Elias Organizations: Hyundai, Chrysler, Hyundai Motor North America Locations: Korean, U.S, Georgia

☆ As Costco sells platinum, experts explain how the precious metal differs from gold
▼ + stars: | 2024-10-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Costco sells a broad selection of gold and silver products, and now it's adding platinum to the mix. The wholesaler has already sold through multiple rounds of platinum coins and bars in the past week. AdvertisementCostco shoppers have been snapping up a broad selection of gold and silver products over the past year. Costco now offers platinum products online, including both bars and coins. Related storiesGoldCore's business is primarily in gold and silver, but Russell told BI that platinum makes up a "very small percentage" of what the company sells.

Persons: —, Gary Millerchip, Edward Sterck, Sterck, bode, Mindy Schauer, David Russell, Russell Organizations: Costco, Service, Canadian Mint, Platinum Investment Council, Media, Getty, ICE Locations: Swiss, Orange

☆ Auto giants are getting nervous about the prospect of mega fines as EV demand falters
▼ + stars: | 2024-10-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Cfoto | Future Publishing | Getty ImagesEurope's top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. "The fines are massive actually. "Manufacturers are pretty much focused on conventional hybrids and ICE vehicles because they are much more profitable," ING's Luman said. Pooling refers to the process in which car manufacturers team up to be considered as one entity when calculating their performance against a CO2 emissions target. Not everyone is convinced that the sales challenge that Europe's car industry faces constitutes an industry-wide crisis.

Persons: Rico Luman, Europe's carmakers, Luman, Luca de Meo, ACEA, Tim McPhie, McPhie, ING's Luman, Sean Gallup, Xavier Demeulenaere, Demeulenaere, Brandon Bell Organizations: Volkswagen, ING, CNBC, videoconference, Renault, EV, Reuters, European Automobile Manufacturers ' Association, BMW, Ferrari, Volvo, European Commission, Ford, Benz Group, Manufacturers, Getty, P Global Mobility, Transport, Environment, Hill Locations: Anhui, Hefei, China, Europe, ACEA, Weissenfels, Germany, Austin , Texas

☆ Stocks making the biggest moves premarket: Nvidia, Levi Strauss, EVgo and more
▼ + stars: | 2024-10-03 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

EVgo — Shares advanced more than 9% after JPMorgan upgraded the electric vehicle charging company to overweight . Levi Strauss — Shares plunged 12% after the denim maker trimmed its full-year revenue guidance and delivered fiscal third-quarter revenue that missed analysts' expectations. Constellation Brands — The beverage company rose slightly on the back of better-than-expected fiscal second-quarter earnings. Revenue of $2.92 billion, however, marginally missed expectations. Stellantis — The automaker was down more than 3% in the premarket after a Barclays downgrade to equal weight from overweight.

Persons: Mizuho, Jensen Huang, CNBC's, Blackwell, Eli Lilly, Bill Peterson, Levi Strauss —, Stellantis, Henning Cosman, — CNBC's Brian Evans, Lisa Han, Jesse Pound, Sean Conlon Organizations: Mizuho, Nvidia –, U.S . Food, Drug Administration, JPMorgan, Dockers, Constellation Brands, Barclays Locations: U.S

☆ China says it filed an appeal to WTO over Canada's tariffs on EVs and metals
▼ + stars: | 2024-10-02 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +1 min

Aerial view of new energy vehicles at Huaian BYD Industrial Co., Ltd. on August 26, 2024 in Huaian, Jiangsu Province of China. China on Wednesday announced that it has filed an appeal with the World Trade Organization, asking the organization to rule on the recent tariffs that Canada imposed on Chinese electric vehicles and metal products. The ministry said it filed a lawsuit against what it called Canada's "unilateralism and trade protectionist practices" with the WTO, adding that it also launched an anti-discrimination investigation into Ottawa's restrictive measures. These measures will "disrupt and distort the global industrial chain and supply chain," the ministry added. Canada's Ministry of Foreign Affairs did not immediately respond to CNBC's request for comment.

Organizations: Wednesday, World Trade Organization, Union, China's Ministry of Commerce, China, Canada's Ministry of Foreign Affairs Locations: Huaian, Jiangsu Province, China . China, Canada, China, Beijing

☆ Tesla stock slips after EV maker misses estimates on deliveries
▼ + stars: | 2024-10-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

In the year-ago period , Tesla reported 435,059 deliveries and production of 430,488 EVs. Last quarter, the company reported 443,956 deliveries, and production of 410,831 vehicles. Deliveries are not defined in Tesla's financial disclosures, but are the closest approximation to units sold reported by the company. Analysts were expecting deliveries of 463,310 in the period ended Sept. 30, according to estimates compiled by FactSet StreetAccount. Tesla posted its third-quarter vehicle production and deliveries report on Wednesday.

Persons: Tesla, Li Auto, FactSet StreetAccount, Ford, Tesla hasn't, Elon Musk, Donald Trump, Musk Organizations: Li, Tesla, EV, Ford, General Motors, GM, Nasdaq, Hyundai Locations: China, Seattle , Washington, US, U.S

☆ These 2 sectors of the stock market are poised to benefit most if Trump wins in November, RBC says
▼ + stars: | 2024-10-02 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

A Trump win would benefit energy and financial stocks the most, RBC analysts say. The analysts see a Trump win as overall bullish for equities, with a Harris win more bearish. AdvertisementA Donald Trump win in November could be the best outcome for stocks, and two sectors in particular would benefit the most, according to RBC Capital Markets. Those sectors would see the most upside from a Trump win, especially if Republicans take both the White House and Congress, the analysts say. EnergyThe analysts say Trump's policies favor domestic fossil fuel production, since they aim to reduce regulatory requirements, which would lower costs.

Persons: Harris, —, Donald Trump, Donald Trump's, Financials, Kamala Harris, Trump, fracking, Janet Yellen Organizations: Trump, RBC, Service, RBC Capital Markets, White House, Congress, Energy, Republican, Democratic, Biden

☆ The woman fighting to save the Philippines’ last rainforests
▼ + stars: | 2024-10-01 | by ( Nell Lewis | John Lewis | ) edition.cnn.com time to read: +5 min

CNN —Palawan, a cluster of islands in the Philippines, is breathtakingly beautiful. According to Global Forest Watch, Palawan had the most tree cover loss in the country between 2001 and 2023. “Our mission is to conserve the Philippines’ last remaining 3% of pristine rainforest through the establishment of national parks,” she says. The island of Palawan is home to much of the Philippines' last remaining pristine rainforest. Duncan A. MurrellNow, their attention has turned to Sultan Peak, a mountain in the southern half of Palawan island, which has no formal protection.

Persons: Karina May Reyes, KM Reyes, ”, Reyes, Duncan A, Murrell, Aubrey Jayne Padilla, ” Reyes Organizations: CNN, Initiative, UNESCO, Global Forest Watch, Sustainability, Philippines ’, CS Locations: Palawan, Philippines, Puerto, Tubbataha, “, Puerto Princesa, Duncan

☆ A winner has been crowned between Wawa and Sheetz for convenience store superiority
▼ + stars: | 2024-10-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —The battle between Wawa and Sheetz for convenience store superiority in the United States finally has an official winner — at least on one metric. “Wawa and Sheetz have one of the biggest competitions in the convenience store industry, as both have strong, passionate followings,” Forrest Morgeson, director of research emeritus at ACSI, told CNN. “Convenience stores are no longer just a quick stop for gas and snacks. “By focusing on the in-store dining experience, while maintaining the speedy service that customers have grown accustomed to, convenience stores may have found the perfect recipe for success,” he added. ASCI often releases satisfaction scores for airlines, household electronics and fast-food chains, but this marks the first time that it’s measured convenience stores.

Persons: —, Wawa’s, Sheetz, ” Forrest Morgeson, “, ”, ” ASCI, Sheetz’s, ” Morgeson Organizations: New, New York CNN, American, Wawa, ACSI, CNN, Murphy USA, “, Michigan State University, Shell Locations: New York, Wawa, United States, Philadelphia, Sheetz, Oklahoma, Texas

☆ Tesla set to report Q3 deliveries ahead of robotaxi event
▼ + stars: | 2024-10-01 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

Analysts are expecting Elon Musk's automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. Tesla reported deliveries of 435,059 and production of 430,488 vehicles for the same period a year ago, before it was selling the Cybertruck. More recently, Tesla reported deliveries of 443,956 and production of 410,831 vehicles for the second quarter of 2024. Goldman Sachs last week said it expects Tesla deliveries and production "to come in-line with consensus, largely driven by the strength in the China market." Tesla brand erosionSome customer interest in buying Tesla vehicles has been chilled by the brand's strong association with Musk.

Persons: Elon Musk, Tesla, Elon, FactSet StreetAccount, Wells, Goldman Sachs, tacking, Musk —, —, he's, Donald Trump, Musk, Mike DeWine Organizations: Trump, Tesla's, EVs, Warner Bros, Baidu, SpaceX, Associated Press, CNN, NBC News, The New York Times, Twitter, The Washington Post, Springfield Police Division, Ohio Gov, Pew Research Locations: Manhattan , New York, U.S, China, Los Angeles, Springfield , Ohio

☆ The U.S. stocks set to benefit most from China's 'bazooka' stimulus, according to Barclays
▼ + stars: | 2024-10-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

A major stimulus deal coming out of China could offer a windfall for some U.S. stocks with significant ties to the world's second-largest economy, according to Barclays. Against this backdrop, the firm screened for companies with high sales exposure to China and low volatility. Here are some of the potential winners: Barclays named casino and resort operator Wynn Resorts among the beneficiaries of a China stimulus deal, with 48% sales exposure to China. Qualcomm is another winner, with 62% sales exposure to China and the second-highest among the stocks that made the cut. Some underperforming stocks could also benefit from China's stimulus plan, including Albemarle .

Persons: Stefano Pascale, Pascale Organizations: Barclays, Wynn Resorts, Qualcomm, Merck, Western Locations: China, Albemarle

☆ Fact check: JD Vance and Tim Walz at the vice presidential debate
▼ + stars: | 2024-10-01 | by ( Cnn Staff | ) edition.cnn.com time to read: +32 min

Tim Walz and Republican Sen. JD Vance of Ohio are facing off Tuesday night in New York City for their first – and only – vice presidential debate. Vance mischaracterizes Harris’ role on border policySen. JD Vance claimed that Vice President Kamala Harris was appointed the “border czar” during the Biden administration. Tim Walz and Sen. JD Vance attend a debate hosted by CBS News in New York on Tuesday. A recent report from the US Department of Energy found 142,000 new clean energy jobs were created in 2023. Alex Kent/Getty Images Cutout images of Vance and Walz are displayed at a debate watch party in New York.

Persons: Tim Walz, Republican Sen, JD Vance, Vance mischaracterizes Harris, Sen, Kamala Harris, ”, Biden, Donald Trump, ” Vance, Harris, Alejandro Mayorkas, “, Daniel Dale Minnesota, Mike Segar, Reuters Walz, aren’t, Joe Biden’s, –, CNN’s Ella Nilsen, Joe Biden, Michael Ciaglo, Vance, Springfield , Ohio Sen, you’ve, Mike DeWine, Daniel Dale, Danya, Jessie Wardarski, Kamala Harris “, Donald Trump’s, CNN’s Dana Bash, CNN’s Hannah Rabinowitz, John Modlin, Rebecca Noble, Walz, ” Walz, Al Drago, Matt Rourke, Ken Betancur, Angela Weiss, Joe Raedle, Chip Somodevilla, Norah O'Donnell, Margaret Brennan, Brendan McDermid, Reuters Vance, Julia Demaree Nikhinson, Alex Kent, Victor J, Charly Triballeau, Getty Images Walz, Kevin Wexler, Anna Moneymaker, Trump, Roger Severino, ” –, Norah O’Donnell, Katie Lobosco Vance, CNN’s Manu Raju, Ted Barrett, …, Trump’s, “ Alabama’s, Andrew Kaczynski, Em Steck Vance, unfroze, Wally Adeyemo, Jennifer Hansler Vance, Joe Manchin, Dave Renner, ” Dr, Erin Stevens, ” Stevens, It’s, ” Renner, Jack Forrest Vance, DHS ‘, Kamala Harris ’, General, Immigrations, ” Aaron Reichlin, didn’t, Jack Forrest Organizations: CNN, Democratic Minnesota Gov, Republican, White, Homeland, Central, Daniel Dale Minnesota Gov, CBS News, Reuters, Biden, Senate, US Department of Energy, 2024 Energy, Bidenomics, CS Wind, CS, YES, ” Republican Ohio Gov, New York Times, US, American Civil Liberties Union, Enforcement, Democratic, US Border Patrol, Getty, Heritage Foundation, for Disease Control, CDC, Department of Health, Human Services, Minnesota Gov, CBS Broadcast Center, Bloomberg, People, CBS, Center, Journalists, United Federation of Teachers, Getty Images, USA, New York, Secret Service, Trump, Congress, Fox News, MIT, CNN’s Ella Nilsen Workers, AFP, Tuesday’s, Minnesota Medical Association, American College of Obstetricians, “, DHS, Department of Homeland Security, Homeland Security, Customs Enforcement, ICE, HHS, American Immigration Council, ICE hasn’t, New York Post, Washington Times Locations: Ohio, New York City, El Salvador, Guatemala, Honduras, United States, Mexico, New York, Pueblo , Colorado, Springfield , Ohio, Springfield, ”, US Border Patrol Tucson, Douglas , Arizona, AFP, Minnesota, New, Kendall , Florida, California, Iran, Israel, South Korea, Qatar, China, United States of America, West Virginia, Fuzhou, China's Fujian

☆ GM reports 2.2% decrease in third-quarter sales, but EVs make gains
▼ + stars: | 2024-10-01 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter. The Detroit automaker reported a 2.2% drop in third-quarter sales compared with a year earlier, slipping to 659,601 vehicles sold. GM's third-quarter sales are expected to be in line with the overall industry. Cox Automotive and Edmunds project third-quarter sales industrywide will be down roughly 2% compared to a year earlier. Still, EVs made up only 4.9% of the company's total third-quarter sales.

Persons: Edmunds, EVs, Rory Harvey Organizations: Motors, Detroit, Auto, Cox Automotive, GM, CNBC, Chevrolet Trax, Buick Locations: Detroit, DETROIT, North America, U.S

☆ 3 of China's Tesla rivals had a record month, putting pressure on Elon Musk
▼ + stars: | 2024-10-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Chinese Tesla rivals Zeekr, Xpeng, and Li Auto announced record monthly deliveries this week. That puts pressure on Tesla, which is also expected to announce strong numbers on Wednesday. Elon Musk's automaker is facing fierce competition in China, with rivals rolling out their own cheap EVs. Advertisement3 of Tesla's Chinese EV rivals have had a very good month — and they've thrown down a gauntlet for Elon Musk. Chinese EV makers Li Auto, Zeekr, and Xpeng all announced record September deliveries this week, putting pressure on Tesla as it prepares to release its own numbers on Wednesday.

Persons: Zeekr, Elon, —, Elon Musk, Li Auto, Xpeng, Tesla, Li, catchup Organizations: Li Auto, Elon Musk's, Service, EV, Li, Wall Street, London Stock Exchange, Reuters Locations: China

☆ 5 energy stocks that will get a boost from ballooning electric demand
▼ + stars: | 2024-10-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

US electric demand is rising, fueled by everything from data centers to electrified transportation, says BofA. AdvertisementWith resources flooding into infrastructure and tech, US electric demand is charging up. Sempra will rise 13% based on the bank's $94 share target. Northwestern Energy could similarly jump over 13% to reach a $65 price target, Bofa says. TXNM Energy is set to increase 10% from current levels, reaching a price target of $48 per share.

Persons: —, Entergy, Goldman Sachs Organizations: Service, Bank of America, Northwestern Energy, Pinnacle, TXNM Locations: Texas, Montana

☆ BYD recalls top-selling EVs because of steering component problem
▼ + stars: | 2024-09-30 | by ( ) edition.cnn.com time to read: +1 min

BYD has informed the Chinese regulator it is recalling nearly 97,000 electric vehicles (EVs) due to a manufacturing fault involving a steering control unit that could lead to fire risks, the market regulator said on Sunday. The Chinese automaker is recalling Dolphin and Yuan Plus EVs manufactured in China between November 2022 and December 2023, according to a statement from the State Administration for Market Regulation (SAMR). The company would ask its dealers to install a physical fix in the recalled cars, the SAMR statement added. Dolphin and Yuan Plus were BYD’s two top-selling models in 2023, which in total accounted for 26% of its three million cars sold in the year, according to data from the China Association of Automobile Manufacturers. It recalled a small batch of Tang plug-in hybrids in 2022 due to a defect in the battery pack that could cause fires.

Persons: BYD Organizations: State Administration, Market, Yuan, China Association of Automobile Manufacturers Locations: China

Search resuls for: "Electric Vehicles"

25 mentions found