Needham positive ahead of Rivian’s (RIVN) 1Q delivery numbers
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Stricter EV tax credit rules to take effect on April 18
March 31, 2023 1:53 PM EDTThe U.S. Treasury unveiled Friday stricter electric vehicle tax rules that will reduce or cut tax credits on some zero-emission models but grants buyers another two weeks before the new requirements take effect.
The EV battery sourcing guidance issued Friday triggers new requirements for critical minerals and battery components and takes effect for vehicle purchases starting April 18.
The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs... More
Ford (F) reopens lightning orders at increased price
March 30, 2023 12:23 PM EDTFord Motor Company (NYSE: F) announced Thursday that the American automaker is once again taking orders from reservation holders for the F-150 Lightning following February's production halt due to a battery issue.
The factory had been halted in February following an... More
Ford (F) joins $4.5B EV battery plant project
March 30, 2023 7:58 AM EDTAmerican automaker, Ford (NYSE: F) announced alongside PT Vale Indonesia and China's Zhejiang Huayou Cobalt on Thursday that the companies have decided to partner in a $4.5 billion nickel processing plant in Indonesia.
The proposed high-pressure acid leaching (HPAL) plant will be located in Pomalaa in Southeast Sulawesi, where Vale operates a... More
Needham & Company sees positive risk/reward on Rivian (RIVN) into 1Q delivery data
March 29, 2023 5:47 AM EDTNeedham & Company analyst Chris Pierce reiterated a Buy rating and $26.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
"We are positive on the risk/reward into RIVN 1Q delivery data, likely to be announced early next week... We look for... More
