Motor Vehicle Parts – The News Desk

Electric Scooter IPO to Test Enthusiasm for India’s EV Story

31Dec

By adminNo Comments

Money

Electric Scooter IPO to Test Enthusiasm for India’s EV Story

An initial public offering planned for next year in India could be a crucial test for the country’s budding electric-vehicle market. India’s Ola Electric, which makes two-wheeled electric scooters, filed in late December a draft prospectus for a public listing, seeking to raise about $662 million. It will become the first EV maker to list in India and will probably draw significant interest from investors. The Softbank-backed firm plans to use proceeds from the offering mainly for the expansion of its battery cell manufacturing facility in the southern state of Tamil Nadu. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Platinum Miners Face Demand Downturn as EV Transition Revs Up

13Dec

By adminNo Comments

World

Platinum Miners Face Demand Downturn as EV Transition Revs Up

Miners of platinum metals are likely to face plummeting demand in the coming years, victim to the automotive industry’s transition to battery-electric vehicles.A decline in demand could happen as soon as 2025-26, Citi analysts say in a research note, forecasting “a structural demand downturn in a scale and speed hardly seen across the commodity markets.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

7Dec

By adminNo Comments

World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0446 GMT – The already-hot competition in China’s auto market is set to intensify in 2024, as autonomous driving shifts into high gear and global brands step up electrification, Fitch Ratings analysts say. China’s intelligent driving adoption is likely to hit a tipping point next year, which may shorten car replacement cycles, they say. Several players like XPeng have already launched AD solutions and more will join next year. Fitch sees scope for more market consolidation, with a few leading JVs clawing back ground with aggressive EV-transformation targets. It thinks global carmakers will likely boost China-dedicated R&D investments and seek t...

TuSimple Winds Down U.S. Operations as It Looks for Buyer

5Dec

By adminNo Comments

World

TuSimple Winds Down U.S. Operations as It Looks for Buyer

Self-driving trucking company TuSimple Holdings said Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country.The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Ford EV Battery Plant Rides Bumpy Road in This Michigan Town

2Dec

By adminNo Comments

World

Ford EV Battery Plant Rides Bumpy Road in This Michigan Town

MARSHALL, Mich.—Rick Sadler doesn’t like it when he looks across the North Branch of the Kalamazoo River and sees light towers and construction equipment on the site of a planned electric vehicle battery plant next to this small, south-central Michigan city. “We can hear them working six days a week, 6 in the morning sometimes,” said Sadler, who lives in a subdivision near the river and is among local residents who oppose the plant.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers.

27Nov

By adminNo Comments

World

Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers.

Updated Nov. 26, 2023 2:50 pm ETRetailers aren’t just having trouble getting shoppers to buy sweaters and other holiday items this season. Store credit cards are also a tougher sell.The cards, which typically can only be used at a particular chain, have been a lucrative source of revenue for retailers as merchandise sales have slowed. But the stream is drying up as Americans carry fewer cards and increasingly finance purchases with buy now, pay later providers. Interest rates surpassing 30% on some retailers’ credit cards aren’t helping, according to analysts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

26Nov

By adminNo Comments

World

Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers.

Updated Nov. 26, 2023 2:50 pm ETRetailers aren’t just having trouble getting shoppers to buy sweaters and other holiday items this season. Store credit cards are also a tougher sell.The cards, which typically can only be used at a particular chain, have been a lucrative source of revenue for retailers as merchandise sales have slowed. But the stream is drying up as Americans carry fewer cards and increasingly finance purchases with buy now, pay later providers. Interest rates surpassing 30% on some retailers’ credit cards aren’t helping, according to analysts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

20Nov

By adminNo Comments

World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1321 ET – Nikola’s departing finance chief Anastasiya Pasterick is heading to another hydrogen-powered vehicle company. Universal Hydrogen, a private company developing hydrogen-powered aviation, announces it has hired Pasterick as CFO. Nikola has faced a flurry of executive changes this year and said in a regulatory filing Friday that Pasterick would resign after several months in the CFO role. Universal Hydrogen notes Pasterick’s prior involvement with Nikola’s SPAC merger which took the company public in 2020 and her experience helping with the IPO of nLIGHT. Nikola shares drop 3.9% to $1. (ben.glickman@wsj.com; @benglickman)Copyright ©2023 Dow ...

Chinese Laser Sensor Maker Targeted as Tech Trade War Spreads

31Oct

By adminNo Comments

Technology

Chinese Laser Sensor Maker Targeted as Tech Trade War Spreads

Oct. 31, 2023 10:00 am ETHesai Group, a Shanghai-based maker of laser sensors used for next-generation vehicles, celebrated a Nasdaq stock offering in February that was heralded by some as a comeback for Chinese listings in the U.S.Less than nine months later, Hesai has become an example of how the U.S.-China battle over technology is roiling the business world. Its stock is down more than 50%, and the company is on the back foot, hiring lobbyists and defending its reputation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Latest Tech Caught in the U.S.-China Trade War: Lasers

31Oct

By adminNo Comments

World

The Latest Tech Caught in the U.S.-China Trade War: Lasers

Oct. 31, 2023 10:00 am ETHesai Group, a Shanghai-based maker of laser sensors used for next-generation vehicles, celebrated a Nasdaq stock offering in February that was heralded by some as a comeback for Chinese listings in the U.S.Less than nine months later, Hesai has become an example of how the U.S.-China battle over technology is roiling the business world. Its stock is down more than 50%, and the company is on the back foot, hiring lobbyists and defending its reputation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8