July 18 – Tesla (NASDAQ:TSLA) shares surged on Friday as investors assessed new trade restrictions targeting a critical electric vehicle battery input. The stock rose 3%, extending gains for the week. The S&P 500 and Dow Jones Industrial Average futures were little changed. The U.S. Commerce Department on Thursday imposed a 93.5% anti-dumping duty on…
SHANGHAI, – China and Hong Kong stocks rose on Wednesday, led by mining and battery shares, as a rally in gold prices and the strong Hong Kong debut of CATL boosted sentiment. ** China’s blue-chip CSI 300 Index added 0.7% by the lunch break, while the Shanghai Composite Index gained 0.4%. Hong Kong benchmark Hang…
In This Story The world’s largest EV battery maker just shook the global financing stage with its IPO in Hong Kong. CATL, or Contemporary Amperex Technology Co., Ltd., saw its shares surge 16% on Tuesday, raising $4.6 billion in the world’s largest public offering so far this year. How Trump’s tariffs could make your iPhone…
By Ernest Scheyder and Lewis Jackson (Reuters) – A Chinese company has stopped exporting a piece of equipment used to process the electric vehicle battery metal lithium, in the clearest sign yet manufacturers are already implementing export controls proposed by Beijing. Jiangsu Jiuwu Hi-Tech told customers last month it would stop exporting a piece of…