Saturday, October 19

Tag: VOW3.XE

Volkswagen’s Elusive Quest to Make an EV for the Masses
31Dec By adminNo Comments
World

Volkswagen’s Elusive Quest to Make an EV for the Masses

Updated Dec. 31, 2023 12:19 am ETBERLIN—Almost a decade ago, Volkswagen set out on an expensive quest to dominate the new world of software-defined cars and build the electric “people’s car.” It is still trying. The German automaker has invested billions of euros, retooled entire plants and created new software and battery companies to assist in making the transition. However, VW has yet to produce an EV that has matched the success of its historic gas-powered models such as the Beetle and the Golf in its core markets. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China’s Latest EV Stocks Face Uncertain Reception in New York
29Nov By adminNo Comments
Money

China’s Latest EV Stocks Face Uncertain Reception in New York

Electric vehicles have really taken off in China, but so has competition. That is the conundrum investors face as they size up the latest EV brands pitching their growth prospects in New York.Lotus Technology is in the final stages of a merger with a Nasdaq-listed special-purpose acquisition company that values it at $5.5 billion. This week it said investors had committed $870 million to the deal, a step toward closure. Zeekr Intelligent Technology Holding, which raised money in February at a $13 billion valuation, filed its registration statement earlier this month for a U.S. initial public offering.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China’s Latest EV Stocks Face Uncertain Reception in New York
29Nov By adminNo Comments
World

China’s Latest EV Stocks Face Uncertain Reception in New York

Electric vehicles have really taken off in China, but so has competition. That is the conundrum investors face as they size up the latest EV brands pitching their growth prospects in New York.Lotus Technology is in the final stages of a merger with a Nasdaq-listed special-purpose acquisition company that values it at $5.5 billion. This week it said investors had committed $870 million to the deal, a step toward closure. Zeekr Intelligent Technology Holding, which raised money in February at a $13 billion valuation, filed its registration statement earlier this month for a U.S. initial public offering.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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U.S. Subsidies Fuel Boom in Global Auto Trade
19Nov By adminNo Comments
World

U.S. Subsidies Fuel Boom in Global Auto Trade

SINGAPORE—Auto exports from Europe and Asia are surging as the U.S. and other countries lavish subsidies on electric vehicles and dealers replenish inventories that even now aren’t back to prepandemic levels. The boom in autos contrasts with broader weakness in exports as the global economy slows. The trend offers a glimpse of how the West’s embrace of industrial policies aimed at stimulating domestic manufacturing and reducing the use of fossil fuels is causing wrinkles in patterns of world trade. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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It May Be Too Late to Fend Off China’s Battery Giants
7Nov By adminNo Comments
Money

It May Be Too Late to Fend Off China’s Battery Giants

Updated Nov. 7, 2023 12:00 am ETHaving charged up in their massive home market, Chinese electric-vehicle-battery firms are becoming major export players, too. The West’s efforts to protect its own markets might prove too little, too late.Chinese firms are also eyeing big new factory expansions in Europe itself, and in U.S. free trade partners, as a way to sidestep current and future import restrictions—much like Japanese carmakers did in the U.S. in the 1980s.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?
27Oct By adminNo Comments
Money

Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?

Oct. 26, 2023 11:41 am ETBuying into a Chinese automaker sounds like a great answer to the challenge of making cheaper electric vehicles. If only it were easier to pick winners.Chrysler owner Stellantis said Thursday that it was spending the equivalent of about $1.6 billion to buy a roughly 20% stake in Zhejiang Leapmotor Technology. It will get two board seats and become Leapmotor’s exclusive export partner via a Europe-based joint venture in which Stellantis will own 51%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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