Trends - Electric vehicle - Business Recorder

Electric vehicle

GM's $7 billion investment intensifies EV battle with Ford, Tesla

General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting...

Published 25 Jan, 2022 09:16pm

Markets

Pakistan's Regal Automobile Industries looks to raise Rs800mn through IPO

Applies for PSX listing, will issue 25 million shares at floor price of Rs32

Updated 12 Jan, 2022 08:19pm

Markets

Nickel price buoyed by strong demand, dwindling stocks

LONDON: Nickel prices held near their highest in more than two months on Monday boosted by demand from the electric...

Published 10 Jan, 2022 06:40pm

Business & Finance

Toyota hikes electric vehicle sales goal to 3.5m per year

TOKYO: Toyota aims to sell 3.5 million electric vehicles per year from the next decade, its CEO said Tuesday, nearly...

Published 14 Dec, 2021 04:20pm

Technology

BMW hits one million EV sales, targeting two million by 2025

BERLIN: BMW has sold its one millionth electric vehicle (EV) and plans to reach two million total EV sales by 2025,...

Published 07 Dec, 2021 02:22pm

Pakistan

Tax breaks kick country’s electric car shift into higher gear

ISLAMABAD: Businessman Nawabzada Kalam Ullah Khan had been planning to swap his family’s petrol-powered cars for...

Published 23 Nov, 2021 03:54am

Business & Finance

Volkswagen gets reality check after Tesla's week of milestones

FRANKFURT: It's been a sobering week for Herbert Diess' electric vehicle ambitions. While Tesla joined the...

Updated 29 Oct, 2021 05:46pm

Markets

JLR parent Tata Motors surges nearly 20% on TPG fundraise, EV plans

Large investments, more product options and favourable government policies will accelerate the pace of EV adoption in India

Published 13 Oct, 2021 09:55am

Business & Finance

Tata Motors to invest $2bn in EVs after fundraise from TPG

NEW DELHI: Tata Motors will invest over $2 billion in its electric vehicle (EV) business over the next five years, a...

Updated 12 Oct, 2021 08:26pm

Subsidies, inefficiencies blamed for power sector circular debt

ISLAMABAD: Chairman, National Electric Power Regulatory Authority (NEPRA), Tauseef H. Farooqi said on Wednesday that...

Updated 09 Sep, 2021 11:07am

Markets

Chinese iron ore miner to invest $164mn in lithium production

Hainan Mining plans to build 20,000 tpy lithium hydroxide plant
Says island province well placed for Australia spodumene imports
Company posted near 3,000% y/y surge in H1 net profit on Monday

Updated 23 Aug, 2021 06:00pm

Pakistan

Two EV charging stations inaugurated alongside M-2 Motorway

ISLAMABAD: Inauguration of two EV charging stations at Bhera and Pindi Bhattian, just outside M-2 Motorway on...

Published 18 Jul, 2021 04:14am

Business & Finance

Volkswagen China sees chip supply shortage easing

"We hope the chip supply crisis will bottom out this summer and expect to see an improvement in this situation within the second half of the year," Woellenstein, told.

Published 16 Jul, 2021 07:52pm

Business & Finance

Volkswagen aims for half of vehicle sales to be electric by 2030

At Volkswagen, which aims to overtake Tesla as the world's largest electric vehicle (EV) maker by 2025, battery EVs accounted for just 3% of global sales last year.

Published 13 Jul, 2021 06:23pm

Pakistan

Shell, KE inaugurate electric vehicle charging station

KARACHI: Shell Pakistan Limited (SPL) and K-Electric (KE) today inaugurated the first ‘Rapid Charger’ station...

Published 10 Jul, 2021 03:42am

Business & Finance

Nissan unveils UK battery gigafactory

SUNDERLAND, (United Kingdom): Nissan launched plans Thursday for a vast battery gigafactory in northeastern England,...

Published 05 Jul, 2021 04:57am

Business & Finance

BMW warns chip supply shortage 'critical', output to suffer

Chip supply outlook for H2 remains tense -board member.
Lost production 30,000 units so far in 2021 -board member.
Comments made as serial production of iX SUV starts.

Published 02 Jul, 2021 06:24pm

Business & Finance

GM shakes up lithium industry with California geothermal project

The deal, announced on Friday, comes as automakers around the world scramble for access to lithium and other electric vehicle (EV) metals as internal combustion engines are phased out.

Published 02 Jul, 2021 06:16pm

Business & Finance

UK will set out aid package for Nissan deal in due course, says PM spokesman

Nissan's announcement today is a major vote of confidence in the UK and our highly-skilled workers in the northeast, and it's a pivotal moment in our electric vehicle revolution securing its future for decades to come.

Published 01 Jul, 2021 05:51pm

World

Biden to push electric vehicles, clean energy, schools in reconciliation bill

The president agreed to a scaled-down infrastructure package earlier this month worth $1.2 trillion with a bipartisan group of senators that does not include many of his policy priorities, like the tax credits and rebates, federal funding of pre-kindergarten or community college.

Published 30 Jun, 2021 11:59pm

BR Research

Auto policy: Theatre of the absurd

The upcoming auto policy is an attempt by this government to put its eggs in not just one, not just two but in many...

Updated 12 Jul, 2021 07:59am

Business & Finance

Ferrari unveils hybrid V6 sports car to expand electric offer

New 296 GTB comes after 2019's SF 90 Stradale, Ferrari's first hybrid car in series-production, and 2020's SF90 Spider
Italian company has promised its first full electric model in 2025

Updated 24 Jun, 2021 06:30pm

BR Research

Auto policy revs up

After much fanfare of its predecessor that expires this month, a new automobile development policy is in...

Published 23 Jun, 2021 07:25am

Business & Finance

General Motors lifts electric auto investment to $35bn through 2025

The push includes the building of two additional battery cell plants in addition to the two factories currently under construction.

Published 16 Jun, 2021 07:13pm

BR Research

EV anxieties

Having big dreams is sexy, but only if there is a plan working quietly in the background to realize them. That’s...

Published 16 Jun, 2021 07:35am

Pakistan

Ex-PAAPAM chairman urges govt to draft new EV policy

KARACHI: Former chairman Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has urged...

Published 10 Jun, 2021 03:22am

World

Biden administration sets up 'strike force' to go after China on trade

"Semiconductors are the building blocks that underpin so much of our economy, and are essential to our national security, our economic competitiveness, and our daily lives."

Published 08 Jun, 2021 08:06pm

Markets

China’s Wuxi exchange plans to launch lithium contract as soon as July

BEIJING: China’s Wuxi Stainless Steel Exchange plans to launch a lithium contract as soon as July in response to...

Published 08 Jun, 2021 04:09am

Business & Finance

Renault to combine three French plants for electric vehicles hub

The new company will include the Douai car assembly site, the Ruitz gearbox manufacturing site and the Maubeuge commercial vehicles assembly plant from Jan. 1, 2022.

Published 03 Jun, 2021 08:20pm

Pakistan

Electric cars to be launched in Pakistan by end-2021: Amin

Minister for Climate Change says it will help the country challenge multiple issues

Updated 04 Jun, 2021 10:49am

Gainers
Losers
Leaders

Stock	Price
Prud Mod.1st / Jan 28 First Prudential Modaraba(PMI)	2.24 ▲ 0.24 (12.00%)
PICIC Ins.Ltd. / Jan 28 PICIC Insurance Limited(PIL)	1.23 ▲ 0.09 (7.89%)
Jahangir Sidd(Pref) / Jan 28 Jahangir Sidd(Pref)(JSCLPSA)	7.99 ▲ 0.49 (6.53%)
KASB Mod / Jan 28 KASB Modaraba(KASBM)	2.23 ▲ 0.12 (5.69%)
Nimir Ind.Chem. / Jan 28 Nimir Industrial Chemicals Limited(NICL)	107.95 ▲ 4.95 (4.81%)
Pakistan Cables / Jan 28 Pakistan Cables Limited(PCAL)	167.00 ▲ 5.00 (3.09%)
Kohinoor Spining / Jan 28 Kohinoor Spinning Mills Limited(KOSM)	4.48 ▲ 0.12 (2.75%)
Next Capital / Jan 28 Next Capital Limited(NEXT)	9.50 ▲ 0.20 (2.15%)
Nimir Resins / Jan 28 Nimir Resins Limited(NRSL)	16.32 ▲ 0.34 (2.13%)
Nishat ChunPow / Jan 28 Nishat Chunian Power Limited(NCPL)	16.55 ▲ 0.27 (1.66%)

Stock	Price
Pak Gen.Ins. / Jan 28 The Pakistan General Insurance Co. Ltd.(PKGI)	3.85 ▲ -0.40 (-9.41%)
Jauharabad Sug / Jan 28 Jauharabad Sugar Mills Limited(JSML)	18.00 ▲ -0.44 (-2.39%)
First Pak Mod. / Jan 28 First Pak Modaraba(PAKMI)	3.11 ▲ -0.04 (-1.27%)
Oil & Gas Dev. / Jan 28 Oil & Gas Development Company Limited(OGDC)	86.80 ▲ -0.15 (-0.17%)
Pak Oilfields / Jan 28 Pakistan Oilfields Limited(POL)	392.50 ▲ -0.40 (-0.10%)
Pioneer Cement / Jan 28 Pioneer Cement Limited(PIOC)	86.49 ▲ -0.02 (-0.02%)
Allied Bank / Jan 28 Allied Bank Limited(ABL)	89.00 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 28 Abbott Laboratories (Pakistan) Limited(ABOT)	719.89 ▼ 0.00 (0.00%)
Artistic Denim / Jan 28 Artistic Denim Mills Limited(ADMM)	87.00 ▼ 0.00 (0.00%)
Ados Pakistan / Jan 28 Ados Pakistan Limited(ADOS)	26.75 ▼ 0.00 (0.00%)

Stock	Volume
Hum Network / Jan 28 Hum Network Limited(HUMNL)	13,855,000 ▼ 0.00
Engro Fert. / Jan 28 Engro Fertilizers Limited(EFERT)	7,533,167 ▼ 0.00
Ghani Glo Hol / Jan 28 Ghani Global Holdings Limited(GGL)	7,333,000 ▼ 0.00
Telecard Limited / Jan 28 Telecard Limited(TELE)	3,553,000 ▼ 0.00
TRG Pak Ltd / Jan 28 TRG Pakistan Limited(TRG)	3,287,516 ▼ 0.00
Al-Shaheer Corp / Jan 28 Al Shaheer Corporation Limited(ASC)	3,160,500 ▼ 0.00
WorldCall Telecom / Jan 28 Worldcall Telecom Limited(WTL)	2,994,500 ▼ 0.00
Dost Steels Ltd. / Jan 28 Dost Steels Limited(DSL)	2,963,000 ▼ 0.00
D.S. Ind. Ltd. / Jan 28 D.S. Industries Limited(DSIL)	2,646,000 ▼ 0.00
Unity Foods Ltd / Jan 28 Unity Foods Limited(UNITY)	2,511,042 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 28	177.00
USD PKR Interbank Buying / Jan 28	176.90
USD to Japanese Yen / Jan 28	115.36
USD to Swiss Franc / Jan 28	0.93
Pound Sterling to USD / Jan 28	1.34
Euro to USD / Jan 28	1.11
UK LIBOR % / Jan 28	0.08

Stock	Volume
S&P 500 / Jan 28	4326.51
India Sensex / Jan 28	57276.94
Tokyo Nikkei / Jan 28	26170.30
Nasdaq / Jan 28	13352.79
Hang Seng / Jan 28	23807.00
FTSE 100 / Jan 28	7554.31
Dow Jones / Jan 28	34160.78
Germany DAX 30 / Jan 28	15524.27
France CAC40 / Jan 28	7023.80

Item	Value
Crude Oil / Jan 28	87.44
Karachi Cotton Assoc. / Jan 28	19480.00
Gold 10 Grams / Jan 28	106740.00
Gold Spot / Jan 28	1796.43
Cotton / Jan 28	121.63

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