Europe's adoption of electric vehicles lags as EV market shares fall to 12% at the start of the year.
China-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, with the country’s share increasing by over 5 per cent from a year earlier, according to a new policy analysis. CNBC reported that about 19.5 per cent of battery-powered EVs sold in the EU last year were Read More
China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. BNEF estimates to global battery-cell demand for both EVs and energy storage came in at around 950 gigawatt-hours in 2023—but manufacturing capacity was more than twice that, at around 2,600 gigawatt-hours
China, the world's largest electric vehicle (EV) market, is expected to see a slower growth rate in electric cars sales this year, spelling trouble for major players like Tesla and local competitor BYD. More than half of Tesla's sales come from the communist country, adding more problems to the company which is the worst performing stock in the S&P 500 this year.
Amid the semiconductor industry’s slowdown and increasing geopolitical tensions, Dutch chip machine-maker ASML reported a decrease both in sales and profits. Europe’s most valuable tech company saw orders fall to €3.6bn in the first quarter of 2024, down from €9.2bn in the previous quarter. Its net profit also dropped to €1.2bn — a 37% decrease compared to Q4 2023. “We see 2024 as a transition,” ASML's President and CEO Peter Wennink said in a statement. Wennink expects a stronger...
Zepto has steadily increased its quick-commerce market share at the cost of Swiggy Instamart over the past two years, while market leader Blinkit has grown its share to 40%, a report from HSBC Global Research said.The report, made in collaboration with Zepto’s senior management, estimates that the company’s market share rose from 15% in March 2022 to 28% in January 2024.In the same duration, Instamart’s market share fell from 52% in March 2022, when it was the largest player in the ecosystem, to...
The government is negotiating with two companies from Qatar and the United Emirates, where Prime Minister Ciolacu is currently visiting, the sale of a stake in the national airline company TAROM, TVR Info reports. One of TAROM’s suitors is Emirates Airlines, the fourth largest airline in the world, with 300 aircraft in its fleet and […]
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The stock market, including the Dow Jones, was mauled in a bear attack
Frax Price Index Share (FPIS) traded 3.6% lower against the US dollar during the 1 day period ending at 16:00 PM ET on April 10th. Frax Price Index Share has a total market capitalization of $33.10 million and $84,735.81 worth of Frax Price Index Share was traded on exchanges in the last 24 hours. Over […]
Frax Price Index Share (FPIS) traded up 1.6% against the U.S. dollar during the 1 day period ending at 15:00 PM Eastern on April 5th. During the last week, Frax Price Index Share has traded 3.4% higher against the U.S. dollar. Frax Price Index Share has a market cap of $36.33 million and approximately $198,153.94 […]
The cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]