Empowering Emerging Engineers for the EV World: 12 North American Teams of Universities and Vocational Schools Selected for the Battery Workforce Challenge
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French EV subsidy change challenges China-made market
December 14, 2023 2:34 PM ESTFrance, on Thursday, released a list of cars indicating which vehicles qualify for the countrys newly updated regulations. The new updates cover consumer incentives for buying electric cars, prioritizing vehicles manufactured in France and Europe over those produced in China.
Approximately 65% of electric cars sold in France will meet the requirements outlined in the scheme. Starting Friday, the updated criteria will also consider the quantity of carbon emissions during the manufacturing process of an electric vehicle.
Among the qualifying models listed, 24 are manufactured by the Franco-Italian group Stellantis (NYSE:... More
Indonesia eases tax rules on EV imports in bid to attract investment
December 13, 2023 10:14 AM ESTThe Indonesian government released details of new regulations, signed December 8th, designed to attract investors looking to build electric vehicle (EV) plants in the country.
The new regulations will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built EVs until 2025.
Under the plan, companies that have already invested in EV plants, intend to boost their EV investments, or have plans for future investments in this sector... More
HSBC cuts Ferrari (RACE) to Hold, upgrades Porsche on China exposure
December 13, 2023 9:25 AM ESTHSBC Global Research downgraded Ferrari (NYSE: RACE) to a Hold rating (From Buy) and raised their 12-month price target on the luxury auto stock to $340.00 (From $325.00) as analysts believe consensus for 2024 appears stretched and the potential for an earnings surprise appears limited.
At the same time, HSBC upgraded rival luxury automaker, Porsche AG to a Buy rating (From Hold) and cut their 12-month price target on the stock to $100.00 (from $110.00) following the companys recent price correction.
During economic... More
