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China Power Crisis Suspends EV Charging Services

August 24, 2022 1:24 PM EDT

Electric car manufacturer, Nio In. (NYSE: NIO) began posting temporary notices on its apps charging map page informing owners that some of its Chengdu battery-swapping stations are off-line because of the severe overload on the grid under the persisting high temperatures.

Tesla (NASDAQ: TSLA) was also forced to turn off or restrict services at more than a dozen super-charging stations in... More

Enovix (ENVX) up After Price Target Raise at Cowen

August 24, 2022 10:09 AM EDT

Shares of Enovix Corporation (NASDAQ: ENVX) are up more than 9% on Wednesday after Cowen reiterated an outperform rating and raised their price target by $17 to $36 (Prior $19).

Cowen analyst, Gabe Daoud, Jr. wrote in his note that he believes the battery company is likely to enter... More

UBS on Inflation Reduction Act

August 24, 2022 6:57 AM EDT

UBS analyst, Tim Bush hosted an investor call with Ulderico Ulissi, the Battery Lead at Rho Motion. The call concerned the United States new Inflation Reduction Act. Investors are concerned about some of the restrictions. Ulissi said that IRA specifics are vague, and that there is room for discussion/ policy refining over the coming... More