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2023-05-28 08:50:38 ET Summary Of 78 EV brands since Jan 2020, 12 are gone and 18 had April sales under 1,000. Only 7 brands (and 8 firms) averaged over 10,000 monthly sales Jan-Apr 2023. Battery EVs peaked at 25.2% of the market in Nov 2022 (22.1% in 2022Q4). In Apr, BEVs held 22...
2023-05-22 10:56:32 ET Summary Despite the EV buzz, Volkswagen's shares remain under the radar, with the stock trading at a trailing PE ratio of 4.83. The transition towards electric mobility is going well, with deliveries of EVs increasing 42% in Q1 2023. The supply chain iss...
2023-05-22 06:00:00 ET The electric vehicle industry in the U.S. is still in a state of flux after new rule changes dramatically changed which vehicles qualify for the full EV tax credit. Ward's Auto noted the new rules mean that consumers view some EV vehicles as suddenly $7,500 more e...
2023-05-18 07:00:18 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips With governments across the world pushing for EVs and China aiming for 40% of new vehicle sales by 2030, it’s time to look at the best EV stocks to buy. Besides China, ...
2023-05-18 06:50:35 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investing is growth stocks is always a high-risk bet. Last year, the market decimated several growth stocks as the market euphoria waned. Among these, there will be stories that never m...
2023-05-17 14:37:07 ET German outlet Handelsblatt reports that Volkswagen ( OTCPK:VWAGY ) is set to unveil a restructuring of its flagship brand to bolster cost-saving efforts. Per the report, the broad-reaching efforts to trim the fat could result in “at least Ȋ...
2023-05-15 08:00:00 ET Summary China is the most important car market, about as big as the US and Europe combined. It is an essential market for several brands. EVs have a 25% market share of new Chinese sales, and, except Tesla, Western manufacturers play almost no role here. ...
2023-05-13 08:00:00 ET Summary Apple Inc. is the world's favorite company and apparently (judging from his actions) Warren Buffett's as well. Apple is now my favorite company, too. That's because Apple has evolved from a tech company into a full-blown aspirational luxury brand. ...
2023-05-13 05:36:23 ET Summary Chinese OEMs like BYD, Geely and GAC are increasing BEV units at a higher rate than VW Group. Rivals like Tesla, Mercedes and BMW had higher growth rates of BEVs in Germany from 2021 to 2022. VW Group sold more BEVs than BYD in 1Q21, but now BYD ...
2023-05-12 06:11:47 ET Volkswagen Group ( OTCPK:VWAGY ) deliveries soared 39.4% Y/Y in April, bringing the total number of vehicles shipped worldwide that month to 720,200. The hike in deliveries was led by a 79% Y/Y surge in China to 255,700 cars. In Western Europe, deliverie...