American Lithium Reaches Definitive Agreement to Spin Out Macusani Uranium Deposit into an Independent Public Company
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- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
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- Citi initiates UiPath coverage with Buy rating and $23 target
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
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- Wall St slips as steep oil prices stoke inflation concerns ahead of CPI
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Rivals GM and Ford will adopt Tesla's NACS charging connectors, will Stellantis follow?
June 9, 2023 11:25 AM EDTGeneral Motors (NYSE: GM) jumped 3.7% at the open on Friday after the company announced yesterday that the Detroit automaker will be partnering with Tesla (NASDAQ: TSLA) to open the EV giants supercharger network to GM customers. The move follows a similar announcement by neighboring rival Ford (NYSE: F) on May 26th, prompting analysts to ask the... More
China launches nationwide car purchasing initiative following May sales report
June 8, 2023 9:50 AM EDTIn a significant effort to bolster demand in the world's largest automobile market, China unveiled Thursday a comprehensive nationwide initiative aimed at promoting car purchases, signaling a strong commitment to supporting the automotive industry.
The announcement from the Ministry of Commerce follows the release of data indicating a 7.3%... More
China vehicle sales jump 7.3% in May, NEVs lead the charge
June 8, 2023 9:39 AM EDTData released from the China Passenger Car Association (CPCA) Thursday shows that passenger vehicle sales in China rose 7.3% in May compared to last month, as the Chinese government extended tax incentives to shore up demand amid a lagging economic recovery.
The data shows vehicle sales in May reached a total of 1.76 million units.... More
Lucid (LCID) to bring their luxury EVs to China
June 8, 2023 8:44 AM EDTOn Thursday, Zhu Jiang, the head of Lucid Group's operations in China, announced that the U.S. luxury electric vehicle (EV) manufacturer, Lucid Group (NASDAQ: LCID), is preparing to enter the global automotive industry's biggest market.
The US EV startup currently sells its Air luxury sedans in the United States,... More
Volvo launches EX30 electric SUV
June 7, 2023 2:33 PM EDTSwedish luxury automaker, Volvo launched their new fully-electric EX30 SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500). The EX30 is Volvos smallest SUV to date and follows the unveiling of the larger electric EX90 in November.
"It's a small SUV doing Volvo things," CEO Jim Rowan said during the car's launch event in Milan,... More
