Hints and tips:
...Despite harbouring global ambitions, VinFast has been hit by scathing reviews for its early EVs....
...EV batteries, including Ola’s, have been scrutinised after a series of vehicle blazes....
...Before the current buying streak, Ark had largely sold shares in the EV maker for three straight quarters....
...The global EV crown is up for grabs as brand loyalty towards gas-powered cars fades....
...Many of the country’s EV developers, including the world’s biggest by sales, BYD, also have in-house teams developing advanced driver-assistance systems, a precursor to autonomous driving....
...Just 137 VinFast EVs have been registered in the US as of June, according to S&P Global Mobility data. The company was forced to recall its electric SUVs in the US in May....
...“Vietnamese EV maker worth more than Ford or GM after US listing,” headlined MainFT. Bloomberg said that the spectacular first-day pop “added $39bn to the net worth of the chairman Pham Nhat Vuong.”...
...They have cut lending rates, mortgage rates, business taxes, stock-trading fees and even admission costs at tourist sites; extended EV subsidies; relaxed regulations; intervened in forex markets; and extended...
...It is not uncommon for shares in newly listed EV businesses to rise before falling back....
...Pairs included caterers Compass and Aramark, and engineers Renishaw and Nvent. UBS found that the British stocks were either in line with US peers or higher in two-fifths of the cases....
...“We started manufacturing vehicles five years ago, we have 20,000 EVs on the road. We’ve got every step from product development to supply chain,” Thuy said....
...“The whole world is moving to EVs . . . we are not competing for a shrinking market share.”...
...The carmaker, which has turned away from building petrol-fuelled vehicles to concentrate on EVs, is building a factory in North Carolina and has opened showrooms across the US west coast....
...Related stories Vietnam’s EV maker VinFast files for US IPO Vietnam’s VinFast to raise $4bn to make EVs, batteries in US Intel deal with Vietnam’s Vingroup reflects shared EV ambitions...
...The Chinese government has been pushing the development of next-generation batteries to expand the use of EVs and renewable energy....
...Tesla dominates the US EV market. Traditional US carmakers like General Motors and Ford with established production facilities in place have all been investing heavily in EVs....
...Alphabet trades on an EV/ebitda multiple of around 15 times — lower than the Nasdaq average. Revenue growth this year is forecast to exceed Meta, Amazon and Apple....
...France’s Engie and Spain’s EDP Renewables, under the snazzy joint venture name of Central California Offshore Wind LLC, will develop a project together....
...Its five EVs were designed by Italian houses Pininfarina and Torino Design....
...News round-up Bain pledges ‘no break-up’ of Toshiba in buyout offer (Nikkei Asia) LG Energy signs $9bn EV supply chain deal in Indonesia (FT) Putin calls time on foreign listings in fresh hit to tycoons...
...In May it said it was exiting smartphone production to focus on EVs....
...Toyota became the latest on Tuesday, announcing a $35bn investment into building EVs....
...The merger is a bet by Spartan III on the continued growth of electric vehicle companies in Europe, which last year overtook China as the largest region for sales, according to industry tracker EV-volumes.com...
...“There is a window for VinFast to capture EV buyers before the arena gets too crowded.” Follow on Twitter: @JohnReedwrites...
...“The suggestion that we must mine the ocean in order to build a future with EVs in every driveway is a false dilemma,” McCauley said....
International Edition