TL;DR: Hyundai plans to enter the Chinese EV market in collaboration with Haomo by releasing an electric vehicle featuring generative AI technology next year. The vehicle will have Level 2 to 2.5 autonomous driving capabilities. Hyundai has a “secret weapon” that it will be unleashing onto the Chinese EV market next year, where in collaboration…
Hyundai Motor India‘s shares debuted on the exchanges on Tuesday at a 1.5% discount. The stock was listed at Rs 1,931 on the BSE, compared to the issue price of Rs 1,960. On the NSE, it listed at Rs 1,934. The Rs 27,870 crore IPO was booked 2.3 times, with full subscription achieved only on…
By Manya Saini and Niket Nishant (Reuters) – Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages. The 11-year-old commission-free trading app, which became synonymous with mom-and-pop investors in 2021, is now…
Despite a steady drumbeat of bad news for EVs, it may surprise some to hear EV sales in the US are actually rising and nearing a major milestone. According to Cox Automotive’s Kelly Blue Book (KBB), EV sales jumped 11% year over year to just over 346,000 new EVs sold. KBB also said that EV…
Cathie Wood built a name for herself and her investment firm Ark Invest by racking up some huge gains between 2017 and 2020 in the exchange-traded fund Ark Innovation ETF (NYSEMKT: ARKK). However, since 2020 the ETF’s performance has been much more volatile, including a 67% decline in 2022 followed by a nearly 68% gain…
In Canada, a federal $5,000 EV rebate, for which demand has set records in recent months, is set to expire on March 31, 2025. (Photo by Justin Sullivan/Getty Images) (Justin Sullivan via Getty Images) Governments at Canada’s federal and provincial levels need to “rethink plans” to end subsidies for zero-emission vehicles (ZEVs) to avoid a…
Microsoft has regularly outpaced the stock market, more than tripling over the past five years. The stock is a little less than 10% removed from its all-time high, but it won’t be like that for long. Microsoft Cloud and the company’s AI initiatives prompt me to be bullish on the stock. These two parts of Microsoft’s business…