Ontario boosts financial support for Stellantis (STLA) to resume battery plant

California pushes Biden Admin to ban sales of new gas-vehicles by 2035

According to an exclusive report from Reuters on Tuesday, California's Air Resources Board (CARB) has asked the Biden administration to give the green light to a plan that would require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids. This landmark move, mentioned in a letter seen by Reuters, could help hasten the... More

Construction at Stellantis (STLA) LG battery plant remains at a standstill

Construction of a Stellantis (NYSE: STLA) battery plant in Windsor, Ontario remains at a standstill after the automotive giant, and its partner LG Energy Solution, halted progress on May 15 when the companies alleged the federal government wasnt holding up its end of a deal potentially worth billions in incentives.

In a letter dated... More

Exxon (XOM) quietly joins lithium hunt as EV demand continues to grow

A 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

U.S. administration announces $51M investment towards EV charging network

The 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

HSBC Reiterates Buy Rating on Stellantis NV (STLA:IM) (STLA)

HSBC analyst Michael Tyndall reiterated a Buy rating and EUR21.00 price target on Stellantis NV (STLA:IM) (NYSE: STLA).

Ford (F) joins Stellantis (STLA) in calls for extension of post-Brexit trade rules

American automaker, Ford (NYSE: F) on Wednesday called for the post-Brexit EU trade requirements on rules of origin for electric vehicles (EVs) to delayed until 2027 from 2024, saying tariffs will add pointless costs for consumers and slow the transition to electric.

"Ford is calling for current trade requirements to be extended to 2027, to allow time for the battery supply chain to... More

Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Stellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.

According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More