Ford (F) reopens lightning orders at increased price
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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) 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
Tesla urges Model 3 buyers to 'take delivery' before expected tax credit reduction
March 30, 2023 6:29 AM EDTBy Scott Kanowsky
Investing.com -- Tesla Inc (NASDAQ: TSLA) is encouraging its customers to "take delivery now" of its popular Model 3 electric vehicle before an expected decline in a tax credit for buyers of the car at the end of March.
In an update to the U.S.... More
Needham positive ahead of Rivian’s (RIVN) 1Q delivery numbers
March 29, 2023 8:46 AM EDTNeedham reiterated a Buy rating and $26.00 price target on Rivian (NASDAQ: RIVN) ahead of the electric automakers 1Q delivery report. The automaker is expected to release its delivery numbers early next week.
Analyst, Chris Pierce pulled Kelly Blue book data, which pulls data from the state RMV, showing 1Q23 RIVN vehicle registrations above the consensus RIVN... More
CFRA initiates XPeng (XPEV) at Sell; sees Chinese competition rising aggressively
March 28, 2023 1:47 PM EDTCFRA Research initiated coverage of XPeng Inc. (XPEV) with a Sell rating and an $8.00 price target on the stock as analyst, Aaron Ho sees competition in China rising aggressively in the next 2-3 years.
Ho Expects XPengs revenue momentum to sustain, driven by rising demand for electric vehicles.... More
