In afternoon trading on Tuesday, Materials stocks are the best performing sector, higher by 0.8%. Within that group, Newmont Corp (Symbol: NEM) and Dow Inc (Symbol: DOW) are two large stocks leading the way, showing a gain of 3.9% and 3.4%, respectively. Among the high volume
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 m
With an average price-to-earnings (P/E) multiple of 39.7, the stock market is pretty pricey at the moment. Nowhere is this more evident than the electric vehicle (EV) industry, where companies like Tesla and NIO boast multi-billion-dollar valuations despite relatively low sales a
What happenedShares of Tesla (NASDAQ: TSLA) slumped 14.9% in February, according to data from S&P Global Market Intelligence. The electric vehicle (EV) specialist's stock sold off as the market became more cautious about growth-dependent valuations.
Self-driving sensor startup Aeva Inc, founded by two Apple Inc alumni, has hired another former Apple executive to oversee manufacturing and supply chain operations ahead of an expected deal to become a public company later this month.
Volvo's entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.
Volvo's entire car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.
Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV) batteries.
Volkswagen (OTC: VWAGY) said that it plans to launch a self-driving electric van for urban ride-hailing service in 2025. Volkswagen said on Monday that a commercial version of its ID. Buzz, an electric minivan inspired by the iconic 1960s VW Microbus, will be the first VW vehicle
When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected.
If you've been keeping an eye on the global automotive industry, you're no stranger to the ripple effects caused by a shortage in semiconductors. The need for these chips has boomed in recent years, coinciding with an explosion in automotive technology, driveline components, and
A bipartisan group of eight governors from U.S. auto states on Friday urged Democratic U.S. President Joe Biden to do more to press semiconductor firms to address a global shortage of automotive chips that has cut some vehicle production.
The market for initial public offerings (IPO) has been hot over the past year and shows no signs of cooling. Unicorns, or companies worth more than $1 billion, have become the rule rather than the exception, with a growing number of start-ups easily eclipsing this benchmark. Elec
China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.
China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.
China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.
These 2 EV Stocks Are Trending Right NowElectric vehicle (EV) stocks have been bringing big gains to shareholders. Well, it depends on who you’re asking. If you ask any recent investors of Churchill Capital Motors IV (NYSE: CCIV) and Tesla (NASDAQ: TSLA), they will disagree
It's long been known that chipmakers and automakers are cyclical industries. However, recent shortages of the processors used by automakers offer investors some insight into which of these industries gives investors a better opportunity to profit in the months and years to come.O
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