Trends - electric vehicles - Business Recorder

electric vehicles

GM to boost EV profile with 40,000 charging stations in US, Canada

General Motors said on Tuesday it would install up to 40,000 electric-vehicle charging stations in the United States...

Published 26 Oct, 2021 06:14pm

Business & Finance

Toyota to invest $3.4bn into US battery production

TOKYO: The world's biggest carmaker Toyota unveiled plans on Monday to invest $3.4 billion into automotive batteries...

Published 19 Oct, 2021 03:52am

Pakistan

Switch to EVs: Country can save $2bn in less than 10 yrs, Senate body told

ISLAMABAD: Pakistan can save up to $2 billion in less than 10 years, by 2030, by switching to electric vehicles ...

Published 12 Oct, 2021 04:44am

Business & Finance

GM to open battery cell development center in push to cut EV costs

"The key to making these vehicles affordable is going to be the cell cost in the battery packs," Ken Morris says

Published 05 Oct, 2021 05:14pm

World

Chip shortage shuts Opel plant in Germany

FRANKFURT: Opel will close one of its plants in Germany until the “start of 2022” as a global chip shortage ...

Published 01 Oct, 2021 04:07am

Business & Finance

Surge in electric vehicle sales power lithium prices as shortages loom

"Right now it's very simple: the market is so tight that players are fiercely competing for any spot tonnage available," says Max Deudon

Updated 13 Sep, 2021 07:01pm

World

Biden to set target of half of US car sales to be zero-emission by 2030

WASHINGTON: President Joe Biden will set a target on Thursday that half of all cars sold in the United States by ...

Published 06 Aug, 2021 04:18am

Proposed auto policy: Tarin directs broad-based consultations with key stakeholders

ISLAMABAD: Finance Minister Shaukat Tarin Thursday stated that the proposed auto policy aims at expansion of auto...

Updated 30 Jul, 2021 09:38am

Business & Finance

Pakistan, Korea companies collaborate to deploy EV charging infrastructure

Zi Solar signs MoU with South Korea's Aeonus Co Ltd as Pakistan looks to make headway in EV market

Published 27 Jul, 2021 03:01pm

Business & Finance

Going electric: carmakers make the switch

PARIS: Leading automakers have signalled their intention to scrap internal combustion engines by 2030 or cut back...

Published 26 Jul, 2021 05:21am

Technology

Electric vehicles double market share in Europe: manufacturers

Sales of hybrids also more than tripled to 541,162 vehicles, remaining the largest category of alternatively-powered cars

Published 23 Jul, 2021 12:26pm

Business & Finance

Daimler aims to be ready for an all-electric car market by 2030

To invest more than 40 bln euros in EVs by 2030
From 2025 new vehicle platforms will only make EVs
To build eight battery plants

Published 22 Jul, 2021 05:17pm

Business & Finance

Ford recalls 775,000 Explorer SUVs

"Affected vehicles may experience a clunk noise, unusual handling, or a misaligned rear wheel," Ford said.

Published 16 Jul, 2021 08:20pm

Business & Finance

Economic activities between Pakistan and UK: LCCI, Hounslow CCI ink MoU to increase cooperation

LAHORE: The Lahore Chamber of Commerce and Industry and Hounslow Chamber of Commerce and Industry, UK has inked a...

Published 03 Jul, 2021 03:19am

Markets

Volkswagen sees strongest first-half U.S. sales since 1973

The German-built ID.4 hit U.S. dealers earlier this year and sold 5,756 units in the first half, with 85% of trade-ins coming from owners of non-electric vehicles.

Published 01 Jul, 2021 11:31pm

Business & Finance

Govt likely to slash ACD, FED on auto-related imports

KARACHI: The government is likely to slash Additional Customs Duty (ACD) by 5 percent and Federal Excise Duty (FED)...

Published 30 Jun, 2021 03:54am

Business & Finance

British auto industry says Gigafactories needed to save jobs

SMMT says jobs losses if UK does not build battery factories.
SMMT report calls for target to build 60 GWh of capacity.

Published 29 Jun, 2021 04:52pm

Volkswagen to stop selling combustion engines

BERLIN: Volkswagen said Sunday it plans to stop producing cars with internal combustion engines in Europe for its...

Published 28 Jun, 2021 04:38am

Business & Finance

Volkswagen to stop selling combustion engines in Europe by 2035

In Europe, we will leave the combustion engine vehicle market between 2033 and 2035.
"Our competitors who sell vehicles mainly in Europe, for example, will certainly have to face a far less complex transformation."

Updated 27 Jun, 2021 06:17pm

Business & Finance

VW to end sales of combustion engines in Europe by 2035

"In South America and Africa, it will take a good deal longer due to the fact that the political and infrastructure framework conditions are still missing."

Published 26 Jun, 2021 03:30pm

Business & Finance

GM boosts spending on electric vehicles, to add two new US battery plants

The No. 1 US automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
GMT's announcement comes less than a month after rival Ford Motor Co upped its EV spending by more than a third to over $30 billion by 2030.

Published 16 Jun, 2021 07:08pm

Markets

Copper rebounds on bargain hunting and U.S. jobs data

Copper hit a record peak of $10,747.50 last month, fuelled by optimism over global economic recovery and new demand from an expected green revolution including the shift to electric vehicles.

Updated 04 Jun, 2021 11:37pm

Business

Electric vehicles: Excise dept to waive registration fee

LAHORE: The Punjab Excise department has decided to waive off registration fee for the electric vehicles, said...

Published 03 Jun, 2021 04:13am

Business & Finance

Tesla sets up China site to store data locally

Tesla said in a Weibo post that data generated by all cars it sells in China, where it is making Model 3 sedans and Model Y sport-utility vehicles, would be stored in the country.
China, the world's biggest car market and the second largest for Tesla, is drafting rules to ensure the security of data generated by connected vehicles as their growing popularity fuels concerns about privacy and national security.

Updated 25 May, 2021 07:36pm

Chinese firm to build electric vehicles: Hammad

ISLAMABAD: Federal Minister for Energy Hammad Azhar said on Thursday that Pakistan was moving towards ...

Published 21 May, 2021 05:04am

Business & Finance

Daimler Truck 'all in' on green energy as it targets costs

"Both technologies (electric and hydrogen) will be needed," Daimler Truck CEO Martin Daum told an investor presentation on Thursday. "And we intend to lead the way in both technologies."
Daimler Truck said zero-emission vehicles should make up 60% of its sales by 2030 and 100% of sales by 2039.

Published 20 May, 2021 09:39pm

Business & Finance

Electric vehicles cheaper than combustion by 2027

PARIS: Electric cars will be cheaper to build than fossil fuel vehicles across Europe within six years and could...

Updated 17 May, 2021 09:58am

Opinion

New US electric car chargers are a green leap of faith

It has been a long road for electric cars in the United States, but myriad announcements by major automakers signal...

Published 13 May, 2021 03:10am

Markets

Palladium extends record run on supply shortfall

Palladium was up 1.2% to $3,007.66 per ounce.
Chronic undersupply shot prices from around $500 an ounce in 2016 up to $2,875.50 just before the coronavirus outbreak began.

Published 04 May, 2021 05:23pm

Business & Finance

Ford, BMW lead $130mn investing round in solid-state battery startup

The partnerships and the capital that comes along with it are really going to put us on a good footing to execute on our road map, which simply speaking is qualifying this technology for vehicle use and getting them into vehicles in the not-too-distant future.
Carmakers are racing to develop EVs amid tightening CO2 emission standards in Europe and China.

Published 03 May, 2021 06:51pm

Gainers
Losers
Leaders

Stock	Price
Agro Allianz / Oct 28 Agro Allianz limited(AAL)	16.00 ▲ 4.90 (44.14%)
Al-Mali / Oct 28 Modaraba Al-Mali(MODAM)	10.99 ▲ 0.82 (8.06%)
Buxly / Oct 28 Buxly Paints Limited(BUXL)	154.07 ▲ 10.75 (7.50%)
Byco Petroleum / Oct 28 Byco Petroleum Pakistan Limited(BYCO)	7.35 ▲ 0.26 (3.67%)
Int. Ind. / Oct 28 International Industries Limited(INIL)	173.00 ▲ 5.63 (3.36%)
Pioneer Cement / Oct 28 Pioneer Cement Limited(PIOC)	84.50 ▲ 2.41 (2.94%)
Maple Leaf / Oct 28 Maple Leaf Cement Factory Limited(MLCF)	35.00 ▲ 0.98 (2.88%)
Avanceon Ltd / Oct 28 Avanceon Limited(AVN)	114.20 ▲ 3.14 (2.83%)
Hum Network / Oct 28 Hum Network Limited(HUMNL)	6.95 ▲ 0.18 (2.66%)
Berger Paints / Oct 28 Berger Paints Pakistan Limited(BERG)	93.40 ▲ 2.34 (2.57%)

Stock	Price
Nadeem Tex. / Oct 28 Nadeem Textile Mills Limited(NATM)	26.40 ▲ -5.10 (-16.19%)
Aisha Steel (CPS) / Oct 28 Aisha Steel Mills Limited (CPS)(ASLCPS)	37.99 ▲ -7.16 (-15.86%)
Asia Ins. / Oct 28 Asia Insurance Company Limited(ASIC)	15.82 ▲ -2.58 (-14.02%)
Masood Tex.(Pref) / Oct 28 Masood Textile Mills Limited (Preference)(MSOTPS)	6.42 ▲ -0.93 (-12.65%)
Lotte Chemical / Oct 28 Lotte Chemical Pakistan Limited(LOTCHEM)	13.99 ▲ -1.50 (-9.68%)
Punjab Oil / Oct 28 Punjab Oil Mills Limited(POML)	198.34 ▲ -15.28 (-7.15%)
AN Textile / Oct 28 AN Textile Mills Limited(ANTM)	11.63 ▲ -0.70 (-5.68%)
Idrees Tex. / Oct 28 Idrees Textile Mills Limited(IDRT)	17.99 ▲ -1.00 (-5.27%)
First Tri-Star Mod. / Oct 28 First Tri-Star Modaraba(FTSM)	11.40 ▲ -0.60 (-5.00%)
Engro Polymer / Oct 28 Engro Polymer & Chemicals Limited(EPCL)	59.90 ▲ -2.47 (-3.96%)

Stock	Volume
MeritPackaging (R) / Oct 28 MeritPackaging Limited (R)(MERITR2)	1,176,500 ▼ 0.00
Byco Petroleum / Oct 28 Byco Petroleum Pakistan Limited(BYCO)	79,500 ▼ 0.00
Avanceon Ltd / Oct 28 Avanceon Limited(AVN)	40,000 ▼ 0.00
Maple Leaf / Oct 28 Maple Leaf Cement Factory Limited(MLCF)	27,650 ▼ 0.00
Hum Network / Oct 28 Hum Network Limited(HUMNL)	25,500 ▼ 0.00
Power Cement / Oct 28 Power Cement Limited(POWER)	24,000 ▼ 0.00
Oil & Gas Dev. / Oct 28 Oil & Gas Development Company Limited(OGDC)	21,600 ▼ 0.00
Ghani Global Hold. / Oct 28 Ghani Global Holdings Limited(GGL)	20,500 ▼ 0.00
Pioneer Cement / Oct 28 Pioneer Cement Limited(PIOC)	12,500 ▼ 0.00
Citi Pharma / Oct 28 Citi Pharma Limited(CPHL)	10,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 27	172.90
USD PKR Interbank Buying / Oct 27	172.78
USD to Japanese Yen / Oct 27	113.84
USD to Swiss Franc / Oct 27	0.92
Pound Sterling to USD / Oct 27	1.37
Euro to USD / Oct 27	1.16
UK LIBOR % / Oct 27	0.07

Stock	Volume
S&P 500 / Oct 27	4551.68
India Sensex / Oct 27	61350.26
Tokyo Nikkei / Oct 27	29098.24
Nasdaq / Oct 27	15235.84
Hang Seng / Oct 27	25628.74
FTSE 100 / Oct 27	7253.27
Dow Jones / Oct 27	35490.69
Germany DAX 30 / Oct 27	15705.81
France CAC40 / Oct 27	6753.52

Item	Value
Crude Oil / Oct 27	82.11
Karachi Cotton Assoc. / Oct 27	15480.00
Gold 10 Grams / Oct 27	100600.00
Gold Spot / Oct 27	1797.09
Cotton / Oct 27	110.52

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