Published on 18 Jan 2022 on Zacks via Yahoo Finance
EV Roundup: TSLA-Talon Deal, NIO-Baosteel Pact & More
Electric vehicle (EV) popularity and adoption are soaring with each passing day. Last week, 2021 sales data of new energy vehicles (NEVs) in China was released. According to data compiled by the China Passenger Car Association, full-year deliveries of NEVs (including all electric, hybrids and fuel cell vehicles) skyrocketed 169% to a record 2.99 million units. Sales of NEVs more than doubled both in November and December. Deliveries jumped 122.3% and 138.9% year over year in November and December to 378,000 and 505,000 units, respectively. Sales of NEVs in China soared for the 18th consecutive month in December 2021. Per CAAM, sales of NEVs surged 157.5% to 3.52 million units in 2021.
On the news front, Tesla TSLA inked its first U.S. nickel supply deal with Talon to drive sustainability in EV battery storage and manufacture. EV startup Rivian Automotive RIVN officially announced the resignation of its COO, Rod Copes. This comes at a time when the company is grappling with production ramp-up challenges. China-based NIO Inc. NIO strengthened carbon-neutral goals on the deal with Baosteel. GreenPower GP inked a deal with the state of West Virginia for leasing a manufacturing facility in South Charleston to manufacture zero-emission, all-electric school buses. Nikola Corporation NKLA grabbed attention as its Tre BEV was approved by the California Air Resources Board (CARB) as a zero-emission vehicle.
Top Stories of the Week