Bayerische Motoren Werke AG
There’s a battle over inflation-linked pay adding to European port contagion
The growing congestion at ports in Germany and the Netherlands, which could delay car and furniture shipments to the U.S. for weeks, shows no signs of clearing up as the latest round of labor negotiations between the Central Association of German Seaport Companies (ZDS) and ver.di, the German labor union, ended with no agreement. A […]
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VW and Goldman-backed battery maker Northvolt gets $1.1 billion funding injection
Northvolt’s most recent funding announcement comes at a time when major economies are laying out plans to move away from vehicles that use diesel and gasoline. Mikael Sjoberg | Bloomberg | Getty Images Electric vehicle battery maker Northvolt on Tuesday announced a $1.1 billion funding boost, with a range of investors — including Volkswagen and […]
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Massive pile-up of cars, auto parts, Ikea exports bound for U.S. due to European port labor strife
Labor slowdowns and strikes at the German and Netherland ports are creating a massive pile-up of export containers bound for the U.S. that will take months to clear out. According to the bills of lading found through ImportGenius, some of the items that are exported out of these ports are critical components to the auto […]
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Goldman says buy these global stocks to play a $900 billion EV opportunity — and names one with over 50% upside
A new European battery ecosystem could be in the cards, as the region seeks to be a leader in the global shift to electric vehicle adoption, according to Goldman Sachs . The bank names the key stocks along the battery value chain that it thinks could benefit from “Europe’s largest industrial transformation.” The bank estimates […]
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BMW opens $2.2 billion EV plant in China as it ramps up challenge to Tesla, domestic players
German automaker BMW is ramping up production of electric vehicles in China as it looks to catch up with leaders Tesla and domestic rivals like BYD. The new plant in Shenyang is BMW’s third in China and brings its annual production capacity in the country to 830,000 cars. Anadolu Agency | Getty Images BMW has […]
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QuantumScape promised a revolutionary EV battery. Here’s why investors are still waiting
A solid-state battery development lab for QuantumScape. QuantumScape The electric vehicle space has seen a handful of impressive stock market debuts in recent years, but battery start-up QuantumScape’s first few weeks of trading were remarkable even by EV stock standards. QuantumScape, which was founded in 2010, went public via a merger with a special-purpose […]
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Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
Traffic in Paris, France, on May 12, 2020. The European Parliament now supports the European Commission’s goal of a 100% cut in emissions from new passenger cars and vans by 2035. Ludovic Marin | AFP | Getty Images European lawmakers have voted to ban the sale of new diesel and gasoline cars and vans in […]
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Solid Power, backed by Ford and BMW, begins pilot production of innovative EV battery with longer range and quicker recharging
Solid Power’s 22-layer, 20Ah all solid-state lithium metal cell compared to the company’s first-generation 10-layer, 2Ah cell. Solid Power Solid Power, a Colorado-based battery start-up backed by BMW and Ford Motor, said it has begun pilot production of an innovative solid-state battery cell that promises to offer electric-vehicle owners more range and shorter recharging times […]
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Renault reveals electric-hydrogen hybrid concept car, says it will have range of up to 497 miles
Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. The firm’s idea of developing a passenger vehicle that uses hydrogen technology is not unique. Benjamin Girette | Bloomberg | Getty Images Renault has released details of an electric-hydrogen hybrid concept car, with the French automaker describing hydrogen technology […]
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Fund manager likes this automaker — and it’s not Tesla
Tesla may be an investor favorite for exposure to the electric vehicle industry, but fund manager Jordan Cvetanovski has another way to play the booming sector. The Texas-based EV behemoth has reaped the benefits of its early leadership, with the stock price rallying around 45% last year — sending the company into the exclusive $1 […]
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