Stellantis (STLA) to invest €130M in German assembly plant
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LG Energy in talks with Toyota (TM) to supply EV batteries
March 24, 2023 2:16 PM EDTLG Energy CEO Kwon Young Soo announced Friday that the South Korean battery giant has entered into talks with Toyota Motors (NYSE: TM) in the hopes of supplying the automaker with EV batteries.
When asked about the negotiation progress with... More
UBS survey shows slowing pace of EV sector
March 24, 2023 7:38 AM EDTUBS conducted the seventh wave of its annual UBS Evidence Lab EV consumer survey with results showing 46% of consumers are likely to consider buying a fully electric car (BEV), a 3%-pts decrease y/y, marking the first sequential decline since the surveys inception in 2016. Analyst Patrick Hummel believes that the decline was driven by European markets on affordability concerns.
Hummel wrote in a note, While we... More
VW aiming for 3M small EVs produced in Spain between 2025-2030
March 22, 2023 8:48 AM EDTWayne Griffiths, the chairman of Volkswagen's Spanish unit SEAT, said on Wednesday that the German carmaker plans to produce 3 million small electric vehicles at its two plants in Spain between 2025 and 2030.
Griffiths said in a news conference that SEAT aims to assemble 500,000 electric cars a year in the... More
Stellantis (STLA) and Credit Agricole sign agreement to acquire activities of ALD and LeasePlan
March 22, 2023 8:26 AM EDTStellantis (NYSE: STLA) and Crédit Agricole Consumer Finance announced Wednesday that they have entered into a binding agreement for the acquisition of ALD and LeasePlans activities in Portugal and Luxembourg, respectively, following ALDs proposed acquisition of 100% of LeasePlan announced in January 2022.
The announcement follows the partnership agreements between Stellantis and Crédit Agricole Consumer Finance announced in... More
Stellantis (STLA) and Credit Agricole JV to Acquire Activities of ALD in Portugal and LeasePlan in Luxembourg
March 22, 2023 5:56 AM EDTStellantis and Crédit Agricole Consumer Finance Joint Venture Plans to Acquire Activities of ALD in Portugal and LeasePlan in Luxembourg
NewCo, resulting from the consolidation of Leasys and Free2move Lease and owned equally by Stellantis and Crédit Agricole... MoreStellantis (STLA) to Invest EUR 130M in Eisenach Assembly Plant
March 22, 2023 5:53 AM EDTStellantis Invests 130 Million in Eisenach Assembly Plant in Germany for Electric Opel Grandland Successor
New battery electric vehicle (BEV) production on the STLA Medium platform set to launch in the second half of... MorePrepare for lower margins as Tesla (TSLA) price cuts become a 'feature' of EV market - Morgan Stanley
March 20, 2023 11:51 AM EDTMorgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) as analyst Adam Jonas believes that investors should anticipate further price cuts in EVs.
Jonas wrote in a note, We believe EV price cuts are not a fad, but a trend. While subject to volatility, investors should anticipate further price cuts in EVs with cost-leader Tesla setting the tone.
One of the reasons Jonas... More
