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Electric vehicle engines need far fewer components than internal combustion engines but have much heavier and more complex batteries. These in turn use a higher proportion and greater variety of minerals - around six times more than conventional vehicles. Increased mineral extraction ...
Ongoing semiconductor shortage led to European Union car registrations decline of 23.1% to 718,598 units in September, followed by 19.1% decline in August and 23.2% decline in July. This fall marks the lowest number of registrations for a month of September since 1995. All...
The legislative battle over electric vehicle tax credits is heating up a bit with Reuters reporting that more than 100 U.S. House lawmakers are pressing House Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles in the proposed spending bill. Of c...
Sales of passenger cars in China fell 17% in September to 1.58M vehicles and were down 13% for Q3, according to the China Passenger Car Association. The worst drop in a year for China auto sales was widely expected due to the impact of the global chip shortage and some power outages near the ...
Automobile sales in China declined 19.6% Y/Y in September to 2.07M vehicles, falling for a fifth consecutive month as a prolonged global shortage of semiconductors disrupts production. Sales of passenger cars in September fell 17% Y/Y to 1.58M vehicles, the China Passenger Car Association sai...
Wedbush Securities keeps an unwavering bullish view on electric vehicle stocks as it points to the massive transformation firing up even as the global chip shortage continues. "While today EV’s only represent 3% of total automotive sales globally, we believe this will reach the 10% thr...
Global electric car sales for August 2021 were up 114% YoY reaching 7.7% share. China sales rose 186% YoY reaching 19% share. Europe sales rose 60% YoY reaching 22% share. EV market news - Global electric passenger car sales surged 160% higher in H1 2021 led by China and Europe. U.S. ...
Volkswagen is one of the leaders in the EV space today, experiencing rapid growth for this franchise. The company's EV business could be worth well north of $100 billion if it was valued like the EV businesses of other companies are valued today. Overall, Volkswagen is an inexpens...
Icahn Enterprises will likely maintain the current dividend, yielding 16% at current prices. Despite distributing more than it earns, 95% of shares are owned by Carl Icahn, who elects to receive the distribution in new equity, minimizing cash outflows. The cost of cutting dividend...
BMW (OTCPK:BMWYY +1.3%) and Daimler (OTCPK:DDAIF +0.0%) are being sued by German activists, marking the first time German citizens have sued companies for contributing to climate change. The activist group, Deutsche Umwelthilfe, is also working on filing a lawsuit aimed at Volkswagen (OTCPK:V...
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