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Record global electric car sales for Sept. 2020, up 91% YoY, with 4.9% market share (3.4% YTD). Europe sales surged 166% YoY reaching 12% share, China sales rise 66% YoY. EV market news - New Jersey follows California in banning gas car sales by 2035. China sets sights on global EV do...
Morgan Stanley tackles the intriguing question of what happens if Ferrari ([[RACE]] -0.2%) shifts into an all-electric strategy. For investors, there appears to be upside. Analyst Adam Jonas: "We believe the ultimate outcome of Ferrari’s transition to EVs may be the #1 driver of the sh...
Global electric car sales for August 2020 were up 58% YoY, with 3.8% market share (3.1% YTD). Europe electric car sales surged 171% with 11% market share in August. Wow! EV market news: California to ban new gasoline cars by 2035. Tesla Battery Day numbers were mind blowing. Forbe...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Global markets churn higher on China economic data, M&A buzzGlobal markets are higher after positive data over the weekend on China industrial profit t...
German automaker Audi (AUDVF) is in talks with Chinese counterpart FAW Group about creating a second joint venture to build electric cars on its PPE platform in China, according to Automobilwoche.Audi and state-owned FAW already operate a Chinese joint venture together to build combustio...
"There's no need for a four-day week to secure jobs," Volkswagen ( OTCPK:VLKAF ) labor chief Bernd Osterloh told Welt am Sonntag newspaper, saying its existing cost-cutting plan was enough (VW rolled out "Future Pact" in 2016). More news on: Volkswagen AG, Bayerische Motoren Werke Ak...
Welcome to the August 2020 edition of Electric Vehicle [EV] company news. What a month! August saw some record July EV sales announced and a monster month of EV news, especially with so many new players. The biggest news would have to be the European EV sales boom smashing all past records i...
US light-vehicle sales are estimated to have dropped 12.2% year on year (y/y) to 1,227,420 units in July and decreased 21.8% y/y to 7,688,741 units in the year to date (YTD). The seasonally adjusted annual rate (SAAR) of US light-vehicle sales is estimated to be 14.1-14.5 million units in July...
NOTE: A version of this article was first published on or about Aug. 4, 2020, on my Seeking Alpha Marketplace site. July month sales numbers from European countries are starting to come in, and things are not looking good for Tesla ( TSLA ), to put it mildly. As of this writing, we have ...
Welcome to the July 2020 edition of Electric Vehicle company news. July was a month of victories for EV leader Tesla (TSLA), as they released their fourth consecutive profitable quarter thereby becoming eligible to join the S&P 500. Tesla is up 535% in the past year. Volkswagen jumped ...
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Aluminum is an important industrial metal used in a wide range of applications and considered a critical metal to economies around the world. Aluminum is one of the Earth’s most abundant metals and is produced from cryolite and bauxite mining. This is because the two ...