Trends - Electric vehicle - Business Recorder

Electric vehicle

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

Business & Finance

Tesla recalls 6,000 US vehicles

NEW YORK: Electric vehicle maker Tesla has initiated a recall of nearly 6,000 vehicles to inspect brake calipers for...

Published 03 Jun, 2021 04:13am

Business & Finance

Ford unveils first all-electric pickup truck

DEARBORN, (United States): Ford officially unveiled the all-electric version of its bestselling F-150 truck on...

Updated 21 May, 2021 09:43am

Business & Finance

Ford Motor, SK Innovation announce EV battery joint venture in N. America

The companies said they have signed a memorandum of understanding for the formation of the venture, called BlueOvalSK. Reuters on Wednesday reported plans for the joint venture.
That target would equal two jointly owned plants, the locations for which have not been identified, Ford North American Chief Operating Officer Lisa Drake said on a call with reporters.

Published 20 May, 2021 09:35pm

Business & Finance

Ford to unveil all-electric F-150 pickup

The F-150, first launched by Ford in 1948, has long been the top-selling US vehicle and a critical model for the 118-year-old company.

Published 19 May, 2021 08:38pm

Markets

Chinese RNL Technologies plans to produce EV chargers in Pakistan

KARACHI: Chinese Company RNL Technologies plans to start manufacturing Electric Vehicle (EV) chargers in Pakistan,...

Published 19 May, 2021 06:00am

Business & Finance

Huawei cedes further ground as smaller smartphone rivals swoop in

China shipments fell to 14.9 million handsets in the quarter ended March from 30.1 million in the same period last year, according to research firm Canalys. Outside China, Huawei shipped 3.7 million units.
Its market share slumped to 16% from 41% a year ago, while Vivo and Oppo saw their shipments grow 79% and 65%, respectively. Vivo shipped 21.6 million units in the first quarter, while Oppo shipped 20.6 million.

Updated 29 Apr, 2021 07:44pm

Business & Finance

Volkswagen's ID.4 titled World Car Of the Year 2021

This is the fifth time the German auto-giant bagged the top accolade at the World Car Awards.
It has previously won the top trophy for ‘World Car of the Year’ for Golf (2013 and 2019), Polo (2010), and up! (2012).

Updated 21 Apr, 2021 04:31pm

Business & Finance

Mercedes-Benz unveils its 2022 EQS Luxury Electric Sedan

Mercedes-Benz has finally unveiled its 2022 EQS Luxury Electric Sedan, featuring a two-tone paint design, larger battery, a huge infotainment screen, and luxurious interior.

Published 16 Apr, 2021 06:39pm

Business & Finance

Samsung SDI to supply battery cells to EV startup Rivian

Rivian, which aims to put an electric pickup and SUV in production this year, said it had been working with Samsung throughout the process of developing the battery cells.
"We're excited about the performance and reliability of Samsung SDI battery cells combined with our energy-dense module and pack design," said RJ Scaringe, chief executive officer of Rivian.

Published 12 Apr, 2021 08:45pm

Business & Finance

Rio Tinto starts producing lithium from waste rock at California mine

That demonstration plant will run for the rest of the year as Rio decides whether to spend $50 million to build a full-scale production plant with annual capacity of 5,000 tonnes.
Rio has produced borates - a group of minerals used to make soaps, cosmetics and other consumer goods - for nearly a century in the Mojave Desert, about 120 miles (195 km) north of Los Angeles.

Published 07 Apr, 2021 06:57pm

World

White House asks EPA to study how EVs can generate renewable fuel credits

The move could give the fledgling US electric vehicle industry a big boost by granting it fresh incentives and a new revenue stream. But the idea would introduce new actors like Tesla Inc into a program that has already bitterly divided the oil and corn industries.
Electricity from biogas is already technically eligible for generating RINs under the RFS, but the EPA has never approved applications to do so because the agency hasn't yet figured out the logistical issues.

Published 01 Apr, 2021 09:19pm

Markets

S&P 500 nears 4,000 points for the first time, Biden's spending plan on deck

The $3 trillion-$4 trillion infrastructure package will target traditional projects like roads and bridges alongside investments in the electric vehicle market.

Updated 01 Apr, 2021 12:01am

Business & Finance

Chinese smartphone maker Xiaomi to invest $10bn in new EV unit over 10 years

At a livestreamed event held on Tuesday, Xiaomi CEO Lei Jun, who will also head the smart EV unit, said the division will be the "last major entrepreneurial project" in his life.
The firm will initially invest 10 billion yuan ($1.52 billion) in the unit, with a total investment goal of $10 billion over the next ten years, it said in a filing published earlier on the Hong Kong stock exchange.

Published 30 Mar, 2021 08:41pm

Markets

EV frenzy over Volkswagen shares draws regulator's attention

Volkswagen shares up 23% this week.
BaFain says monitoring stock in routine way.
Institutional and retail investors warm to EV ambitions.

Published 18 Mar, 2021 05:23pm

Business & Finance

Volkswagen aims for six battery cell plants in Europe by 2030

The six plants, to be built in partnerships, will have a production capacity of 240 gigawatt hours per year, the company said during its Power Day.

Published 15 Mar, 2021 05:49pm

Business & Finance

Toyota to reveal its X Prologue electric car on March 17th

Toyota is teasing a new electric car reveal on March 17th.
The sneak picture shows a single headlight of the new car called X Prologue.

Updated 11 Mar, 2021 02:40pm

Govt urged to review EV policy

ISLAMABAD: Pakistan auto parts industry has urged the government to review Electric Vehicle (EV) policy owing to...

Updated 11 Mar, 2021 09:45am

Business & Finance

Daewoo, Skywell & Hitachi ABB partner to introduce electric buses in Pakistan

Pakistan's Daewoo Express Pakistan, China's Skywell Automobiles and Sweden's Hitachi ABB Power Grids signed a Memorandum of Understanding (MoU) on Thursday to revolutionize Pakistan's transport sector.

Updated 26 Feb, 2021 03:58pm

BR Research

Interview with Danial Malik, CEO Master Changan Motors

“EV policy should provide uniform incentives for all batteries” The automobile industry is going through...

Updated 26 Feb, 2021 12:44pm

Business & Finance

Lucid Motors' $24 billion blank-check deal sparks bubble concerns

"The EV sector feels like it's going through a correction. Lucid's SPAC-IPO probably (is) driving circular negative reinforcement."
We think Tesla has been valued for teleportation, so the correction is probably a very healthy thing. This allows investors to watch for potential entry points in names they feel they might have missed.

Published 23 Feb, 2021 09:15pm

Business & Finance

Japanese refiner Idemitsu enters car market with plans to launch electric vehicle next year

The car, 2.5 meters long and 1.3 meters wide, is smaller than that of conventional minivehicles in Japan.
We believe there is about 1 million potential demand for ultracompact EVs as it is safer than bicycle or small motor bike and easier to drive than conventional minivehicle.

Published 16 Feb, 2021 05:15pm

BR Research

Chery on top?

A host of Chinese vehicles are about to grace the Pakistani market. The latest to ride this wave will be Chery China...

Published 10 Feb, 2021 07:30am

Business & Finance

Electric vehicle sales surge in EU amid Covid slump

Some 538,772 fully electric autos were sold across the bloc, up 117 percent from 2019, while sales of plug-in hybrids more than tripled.

Published 04 Feb, 2021 05:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	205075
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Petrol/Litre / May 11	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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