The fourth largest car company in the world will build a joint venture plant with LG Energy to produce electric vehicle batteries

Stellantis, the world's fourth-largest automaker formed by the merger of Fiat Chrysler and Peugeot Citroen, announced on Monday that it would form a joint venture with South Korean battery maker LG Energy Solutions (LGES) to supply battery packs and modules for its electric vehicles in North America. The batteries produced by the new plant will be supplied to Stellantis's electric car plants in the US, Canada and Mexico to support Stellantis's goal of accounting for more than 40 per cent of US sales by 2030. The plant is expected to start production in the first quarter of 2024

新浪美股Oct 18, 2021 13:53

Ford invests 316 million dollars in British factories to produce electric car parts

Ford announced on Monday that it planned to invest up to 230 million pounds ($316 million) in an existing plant near Liverpool to produce electric car parts and said the British government had pledged financial support to it. Ford said the plant would start producing electric car parts in 2024, gradually replacing the production of internal combustion engine gearboxes and would ensure that jobs at the plant were not cut. Earlier this year, Ford announced plans to stop selling fuel cars in Europe by 2030. The investment in the plant is a victory for the British auto industry, although the scale of the investment is comparable to that of Ford.

新浪美股Oct 18, 2021 13:45

Bill Gates' Breakthrough Energy Fund has just invested in an electric car battery company

Michigan-based electric car battery startup Our Next Energy on Monday announced the completion of a $25 million round of financing led by Bill Gates' Breakthrough Energy Fund and the participation of German car giant BMW. This is not the first time Bill Gates has invested in this field. He founded Breakthrough Energy in 2015. The fund also invested in Redwood Materials, the battery recycling company of Tesla, Inc. co-founder Straubel, as well as electric aircraft manufacturer ZeroAvia and solid-state battery developer QuantumScape.

新浪美股Oct 18, 2021 13:13

“Growth peaks” fears may ease cyclical stocks are expected to regain popularity

Strategists are refuting concerns about “peaking growth” in the market, arguing that some stocks linked to the US economic restart are already oversold. Goldman Sachs Group strategists such as David Kostin wrote in the report that widespread vaccination in the US supports economic growth, and underperforming sectors such as airlines and hotels should pick up in the next few months. Tom Lee of Fundstrat Global Advisors LLC said that stocks — such as energy stocks — that have fallen heavily under concerns related to the delta variant of the coronavirus are expected to rebound this week.

新浪財經Jul 26, 2021 18:28