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Sweden-based automaker Volvo Car Group announced today that it will convert to a fully electric-car brand by 2030. The automaker, owned by Chinese firm Geely Automobile Holdings (OTC: GELYY) , will accelerate production of its Recharge line that currently has five plug-in hybrid...
Global electric car sales for Jan. 2021 up 112% YoY reaching 5% share. Europe sales up 50% YoY reaching 14% share, China sales rose 223% YoY reaching 8.4% share. EV market news - Bloomberg forecasts that "EV Investment growth to exceed renewable energy investments." President Biden is...
Geely is enjoying a strong rebound in demand, with 10 months of improving volumes, including 40% growth in January and 600bp of Chinese market outgrowth. The launch of the new Lynk Zero should re-accelerate Geely's EV platform, with an SUV launch following in 2022. Merging Volvo i...
Global electric car sales records for Dec. 2020 up 105% YoY reaching 6.9% share. Europe sales up 264% YoY reaching 23% share, China sales rose 12% YoY reaching 9.4% share. EV market news - "The electric car future is finally taking off." BNEF -EV sales to surge 60% in 2021. Biden vows...
January deliveries rose 352.1% YoY to 7,225 vehicles, another monthly record. Deliveries could crest above 105,000 given monthly growth potential in the back half of the year, pushing revenues up to RMB35 billion. With upside to $90 should deliveries near 105,000, NIO would be val...
Baidu's entry into EV-making is the main driver in getting market players truly excited and sending the stock parabolic in the past weeks. This article endeavors to determine if the current valuation is justified and what is the upside remaining. I argue that the share price of Ba...
Although Geely Automobile’s (GELYY) sales and production suffered a setback amid the COVID-19 pandemic, it has experienced a strong recovery in its sales on the back of a rapid economic recovery in China and growing demand for electric vehicles (EVs). Against this backdrop, we believe ...
NIO, the second most valuable auto maker, has huge expectations to meet as one of China's most prominent domestic EV startups. After a successful NIO Day, NIO priced $1.3 billion in convertible notes due in 2026 and 2027, which quickly went oversubscribed. More investment capital ...
Electric vehicle stocks were one of the best-performers of 2020. This strength is continuing into 2021. Another indication of the trend is that companies like Baidu (BIDU) and Apple (AAPL) are working on their own EVs. Since the March 2020 stock market low, electric vehicles have been on...
In a positive start to 2021, the representative ETFs of Chinese companies rallied by a wide margin over with their respective U.S. counterparts. The outperformance came despite the dark cloud of investment bans on Alibaba and Tencent, as well as usage prohibition of certain Chine...