Completion of the First Tranche of Stellantis Share Buyback Program and Weekly Report (May 12 – May 17, 2023)
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Exxon (XOM) quietly joins lithium hunt as EV demand continues to grow
May 22, 2023 1:59 PM EDTA Wall Street Journal exclusive reports over the weekend that the oil and gas company, Exxon Mobil (NYSE: XOM) recently purchased drilling rights to a sizable chunk of Arkansas land from which it aims to produce lithium, a key ingredient in batteries for electric cars, cell phones and laptops.
Exxon has reportedly acquired... More
Ontario boosts financial support for Stellantis (STLA) to resume battery plant
May 19, 2023 1:42 PM EDTOn Friday, Premier Doug Ford of Ontario announced that his government would increase its financial support to help Stellantis (NYSE: STLA)) resume construction of its battery plant in Canada.
Stellantis on Monday halted construction at its $3.7 billion electric-vehicle battery plant in Canada, which is being built in partnership with South... More
U.S. administration announces $51M investment towards EV charging network
May 19, 2023 11:12 AM EDTThe Biden-Harris administration, on Thursday announced a $51 million Ride and Drive Electric funding opportunity through President Bidens Bipartisan Infrastructure Law to accelerate the electrification of the nations transportation sector and spur private sector investments in clean transportation.
This funding will help to increase reliability of chargers by providing funding for validating and testing charging equipment and increase opportunities for underserved communities through new jobs and training resources.
Thanks to President Bidens Investing in America agenda, we are developing a... More
