China’s EV sector is poised for ‘inevitable’ consolidation, says Bain consultant

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

Forget the U.S. — Europe is now the place to pick out cheap stocks, Bernstein says

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

Tesla branded as ‘arrogant’ in China as pressure mounts on the electric carmaker

Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters BEIJING and GUANGZHOU, China — Tesla faces mounting pressure in China as state media and regulators criticize the electric carmaker following an alleged customer’s protest at a major auto show this … Read more

Tesla posts several job openings for Semi truck production lines in Nevada

Tesla CEO Elon Musk shows off the Tesla Semi as he unveils the company’s new electric semi truck during a presentation in Hawthorne, California, U.S., November 16, 2017. Alexandria Sage | Reuters Recent job listings show that Tesla is moving ahead with its long-delayed plans for its electric Semi truck, an initiative it first unveiled … Read more

5 reasons why General Motors’ shares are trading at all-time highs

Shares of General Motors opened Wednesday above $50 for the first time ever after CEO Mary Barra and other executives laid out an array of future business plans at the CES technology conference – from electric vehicles to flying cars. As Barra put it, the mission of the Tuesday presentation was to promote “confidence” in … Read more

European Uber rival Bolt raises more than $180 million for A.I. drive

A Bolt driver in Krakow, Poland. Beata Zawrzel | NurPhoto via Getty Images LONDON — Bolt, a European competitor to ride-hailing giant Uber, said Wednesday it had raised 150 million euros ($182 million) to bolster the safety of its platform through facial recognition and artificial intelligence. The Estonia-based company declined to disclose its valuation but … Read more