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Top EV Companies Prepare to Spend Nearly $1.2 Trillion Through 2030
October 21, 2022 2:28 PM EDTAn exclusive report by Reuters today shows that the worlds top electric vehicle makers are prepared to spend nearly $1.2 trillion through 2030 to develop and produce electric vehicles, along with the batteries and raw materials to support production.
Reuters compiled public data and projections released by these companies to show that the EV investment figures dwarf previous investment estimates by analysts and is more than twice the most recent calculation published by the site just a year ago. Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the... More
UPDATE: Nomura/Instinet Upgrades Stellantis NV (STLA) to Buy, 'Robust North America more than offsets Europe weakness'
October 20, 2022 5:21 AM EDT(Updated - October 20, 2022 7:18 AM EDT)
Nomura/Instinet analyst Anindya Das upgraded Stellantis NV (NYSE: STLA) from Neutral to Buy.
The analyst comments "We upgrade Stellantis to Buy from Neutral considering: 1) better-than-expected YTD net pricing strength in Stellantis major markets of North... More
