The electric vehicle sector is seeing its “most exciting moment” now — and consolidation in the sector cannot be avoided, says Bain & Company’s Helen Liu. “I would say that consolidation is an inevitable trend in this industry,” Liu, partner at the consultancy firm, told CNBC’s “Capital Connection” on Tuesday. She cited reasons such as … Read more
Hydrogen fuel cell vehicles are set to become a major player in China’s commercial truck market, predicts JPMorgan’s Elaine Wu. “Currently, the fuel cell vehicles account for less than 5% of the commercial truck market in China and that could grow to about one-third of total market share in 2050,” Wu, head of Asia ex-Japan … Read more
Attendees of the Chicago Auto Show on July 15, 2021 get into a Ford Mustang Mach-E for a test ride in the electric crossover outside of the McCormick Place Convention Center. Michael Wayland / CNBC Electric vehicles are benefiting from the green energy boom, and investors have largely focused on Chinese pure EV players. But … Read more
Bernstein named the "cheapest" European shares that it says are set to outperform, adding that the region is now "superior" to the U.S. for value stocks. Source link
After moving sideways for months, JPMorgan believes the next leg higher for markets is upon us. Source link
Apple’s Senior Vice President of Software Engineering Craig Federighi speaks about CarPlay on stage during Apple’s World Wide Developers Conference in San Jose, California on June 05, 2017. Josh Edelson | AFP | Getty Images In the early 2010s, automotive manufacturers and their suppliers were excited about building sophisticated apps for car dashboards that went … Read more
Workers assemble vehicles primarily for the domestic market at a factory operated by Daimler-BAIC Motor’s joint venture, Beijing Benz Automotive (BBAC). Evelyn Cheng | CNBC BEIJING — Factories in China are turning to technology to tackle a pending labor shortage. Per official figures, the country’s working age population has shrunk by more than 5 million … Read more
A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket | Getty Images Wall Street bank JPMorgan has named its top stock picks in a market that may — or may not — be heading for a bubble. Whether a bubble is forming in financial markets has been “hotly debated,” JPMorgan … Read more