Hints and tips:
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...Investments in clean energy are up 37 per cent this year, surpassing $200bn, according to an analysis by Rhodium Group, a research firm....
...Among the largest are Gotion’s $2.4bn battery factory in Michigan and Fuyao Glass’s $300mn expansion of its automotive glass factory in Ohio....
...Greg LeRoy, executive director of Good Jobs First, an accountability research group, calls this the “prisoners dilemma” of economic development....
...EU car lobby group ACEA calculated that its members would face a €4.3bn bill from the levy between 2024 and 2026....
...While the IRA affects manufacturers in fields ranging from advanced machinery to heavy industry, EU executives are particularly concerned about the impact on the automotive sector....
...“Those global corporates already proved that even the biggest automotive [manufacturers] today have to purchase China’s solutions in order to save time as well as get a lot more competitive products,” Li...
...China started commercial driverless development in 2013, about five years after groups in the US....
...While US automotive companies have focused on hardware, China is leading the industry on automotive software, particularly in autonomous driving. “For America, the cost will be high . . ....
...The unit recorded sales of ¥185bn, not including subsidies, compared with ¥2.1tn for the entire group....
...Tamil Nadu is India’s biggest exporter of electronics and a hub for its automotive industry....
...The trade group had warned that the overly strict rules could eliminate all eligible electric vehicles on the market....
...automotive and industrials at consultancy AlixPartners....
...by 2035,” said Gregory Wetstone, president of the American Council on Renewable Energy, an industry group....
...Stephen Phipson, chief executive of the manufacturers’ lobby group Make UK, said in May: “A lack of a proper, planned, industrial strategy is the UK’s Achilles heel....
...With the IRA offering tax credits to purchasers of EVs assembled in North America, Hyundai is building a $7.6bn plant in Georgia, the largest investment of any carmaker in a new US electric vehicle factory...
...“The IRA is a game-changer for decarbonisation and Chinese companies don’t want to miss this party despite the difficulties directly investing in the US market,” said Kevin Shang, senior battery analyst...
...The Alliance for Automotive Innovation, the trade group representing the largest auto and battery manufacturers, said it expects few models to qualify for the full tax credit and that many questions remained...
...Moreover, Tesla received Inflation Reduction Act (IRA) tax credits during the quarter....
...“Renting and leasing have been commonplace in the automotive industry for years, but they are now catching on in other sectors, too.”...
...The Alliance for Automotive Innovation, the trade group that represents the largest auto and battery makers, said the EPA’s standards were “aggressive by any measure”....
...group....
...Contemporary Amperex Technology (CATL), the world’s largest maker of automotive batteries, has announced plans to mass-produce and supply sodium-ion batteries for EVs this year....
...Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders group in the UK, said: “The UK and US automotive industries have a longstanding and productive relationship, supporting jobs...
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