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[thestevenwickblog]

Tech News

Tesla owners are increasingly distancing themselves from the company’s controversial CEO, Elon Musk, as his political actions and public statements spark backlash among many customers #tech #elonmusk #tesla #evmarket #autonews https://newsmeapp.com/tesla-owners-express-growing-disillusionment-with-elon-musk-embrace-anti-musk-stickers/

[jamesmilleer2407]

 Best EV stocks in 2024

 Discover the  best EV stocks in 2024 top electric vehicle companies with strong growth potential for the year. From leading automakers to innovative EV tech startups, explore high-potential electric vehicle stocks and find out which companies are driving the future of clean transportation. Make informed decisions and stay ahead of the curve in the growing EV market.

For more information visit at : https://kalkinemedia.com/us/stocks/automobile

[whatsissue]

Volkswagen Unveils Bold Strategy to Conquer the Affordable EV Market with ID.2 Launch

Volkswagen Unveils Bold Strategy to Conquer the Affordable EV Market with ID.2 Launch In a significant move to enhance its position in the global automotive market, Volkswagen (VW) is doubling down on affordability with its electric vehicle (EV) strategy. Amid declining sales in Europe and China, VW is committed to making affordable EVs accessible to the masses with the upcoming launch of its most cost-effective model yet, the ID.2. A Commitment to Affordability Unlike many competitors that prioritize premium offerings, Volkswagen emphasizes the importance of affordability in the rapidly evolving EV landscape. The ID.2, set to debut in late 2025 or early 2026, epitomizes this strategy. Marketed as “spacious as a Golf” and “affordable as a Polo,” the ID.2 aims to attract long-time VW enthusiasts with its nostalgic design elements reminiscent of classic models like the VW Beetle and Golf. Competitive Pricing and Features With a projected entry price of under $27,000, the ID.2 represents VW's commitment to combining nostalgia with innovation. It promises an impressive range of 279 miles on a full charge, setting a new standard for budget-friendly electric vehicles. This strategic pricing positions VW to compete effectively in a crowded market, especially as American automakers like General Motors introduce similarly priced models, such as the Chevy Equinox EV at $27,500. Expanding the EV Lineup Volkswagen's ambitions extend beyond the ID.2. Plans are underway to introduce an ID.2 SUV and a GTI version, along with a total of eight new affordable EV models by 2027. CEO Larry Blume has hinted at the possibility of a sub-$22,000 model post-2025, further underscoring the company’s commitment to the affordable EV segment. Tackling Battery Costs One of the significant challenges in reducing EV prices is the cost of batteries. VW is addressing this issue head-on by developing its own unified battery cell technology across several European facilities, along with a new plant in Ontario, Canada. This strategic initiative could potentially revolutionize cost dynamics within the EV industry, enabling the company to offer more competitive pricing. A Strategic Advantage Despite facing competitive pressures, Volkswagen's focus on affordability could be its golden ticket. With existing tariffs on Chinese-made EVs and Tesla's current shift away from low-price models, VW's strategy may pave the way for democratizing EV access in North America and beyond. By prioritizing cost-effective solutions while maintaining quality, Volkswagen aims to reshape the perception of electric vehicles and broaden their appeal to a wider audience. Conclusion The launch of the ID.2 marks a significant step for Volkswagen as it seeks to establish itself as a leader in the affordable EV market. With a keen focus on nostalgia, competitive pricing, and innovative battery technology, VW is poised to make a lasting impact on the automotive landscape. As the company moves forward with its ambitious plans, the ID.2 may very well become a game-changer in the quest for accessible electric mobility. Read the full article

[enterprisewired]

Tesla Short Sellers Face Multi-Billion Dollar Losses Amid Musk’s Alliance with Trump

https://enterprisewired.com/wp-content/uploads/2024/11/EW-11-11-2024-1-Tesla-Short-Sellers-Face-Multi-Billion-Dollar-Losses-Amid-Musks-Alliance-with-Trump-Source-economictimes.indiatimes.com_.jpg

Source: economictimes.indiatimes.com

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Since Donald Trump’s recent electoral victory, hedge funds shorting Tesla have experienced substantial losses. Many hedge funds, holding short positions on Tesla Inc., saw a combined on-paper loss exceeding $5 billion, Bloomberg reported, using data from S3 Partners. This financial blow stems from a sharp rally in Tesla’s stock price following Trump’s endorsement by Tesla CEO Elon Musk. In July, Musk publicly aligned himself with Trump, an alliance that has triggered considerable market shifts.

As Trump’s most high-profile billionaire supporter, Musk has leveraged his influence and wealth to back Trump’s campaign, becoming one of the 2024 election’s largest donors. His public support has led to speculation about potential political benefits, with Trump hinting at rewarding loyalists with roles in his administration. Following this alignment, Tesla’s shares soared by nearly 30%, creating a difficult situation for those who had held short positions on the stock. Consequently, many hedge funds have had to recalibrate their strategies to limit losses, as seen in Hazeltree’s data, which revealed that only 7% of hedge funds are now shorting Tesla, down from 17% in July.

Tesla Defies Broader EV Market Trends

Tesla’s performance starkly contrasts with the broader electric vehicle (EV) sector, which has faced numerous challenges, including slowing demand, trade tensions, and rising competition. According to the KraneShares Electric Vehicles and Future Mobility Index ETF, the EV market has declined by over 12% this year, following a similar dip in 2023. In contrast, Tesla has gained around 30% in 2024 alone, continuing its rapid growth after more than doubling in value the previous year.

This divergence highlights the risks of shorting Tesla, a company that has repeatedly outperformed industry trends. As recently as July, one in five hedge funds was shorting Tesla before the stock’s unexpected rally, which followed strong sales figures. This rally forced many to reverse their positions in the wake of Tesla’s sustained growth. Edward Lees, a portfolio manager at BNP Paribas Asset Management, describes Musk’s newfound political influence as a “bridge between the tech community and Washington,” positioning Tesla in a favorable light under the incoming administration.

Uncertain Future as Climate Policies Loom

While Musk’s close relationship with Trump may provide Tesla with short-term market confidence, some investors remain cautious about the long-term effects of Trump’s potential climate policies. Per Lekander, CEO of Clean Energy Transition, suggests that Trump’s win could eventually prove detrimental to Tesla as an automaker, particularly if clean energy incentives are slashed. Lekander anticipates that within 12 to 18 months, Trump’s administration could significantly reduce subsidies that have historically benefited Tesla, posing future challenges for the company.

Musk’s influence could secure him a governmental role, with Trump even suggesting the position of “Secretary of Cost Cutting” as a nod to Musk’s business acumen. If realized, such a position could grant Musk considerable leverage in reducing regulatory barriers. Nonetheless, some investors, including Lekander, believe Tesla’s reliance on government support could backfire if Trump follows through on his anti-climate policy promises.

[tradevisions]

Explore The Performance And Market Trends Of TSLA Stock

Curious about TSLA stock's current position and potential? This comprehensive update dives into Tesla’s market performance, examining recent shifts and factors affecting its stock value. Gain insights into how Tesla’s strategic decisions and industry dynamics continue to influence TSLA’s movement on NASDAQ.

[automotivetransportationresearch]

Electric Bus Market Size Projected to Surge by 2030

The Electric Bus Market Size has witnessed substantial growth in recent years, driven by the global shift towards sustainable transportation and the reduction of carbon emissions. Governments across the world are implementing strict regulations and offering incentives to promote the adoption of electric buses in urban areas. With advancements in battery technology, charging infrastructure, and a…

[rutujamnm]

EV Composites Market worth $5.1 billion by 2029

The report "EV Composites Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin Type (Thermoplastics, Thermoset), Type (Ultra-Premium, Premium and Non-Premium), Manufacturing Process, Application, and Region - Global Forecast to 2029", is estimated at USD 2.3 billion in 2024 and is projected to reach USD 5.1 billion by 2029, at a CAGR of 17.1% from 2024 to 2029.

Download pdf -https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153929333

The growth of electric vehicle (EV) composites is driven by several key factors, including the ability of lightweight materials like carbon fibre reinforced polymers and glass fibre reinforced plastics to reduce the weight of EV components by up to 50% compared to traditional materials, improving performance, energy efficiency, and driving range, providing moderate strength suitable for various applications like body panels, hoods, doors, and interior components, offering high strength-to-weight ratios that can absorb and dissipate energy during collisions to enhance passenger safety and provide corrosion resistance and fire protection for critical components. Specific thermal properties used for battery enclosures and insulation to maintain optimal operating temperatures, improving efficiency and lifespan, moldability enabling more aerodynamic shapes and complex designs that reduce air resistance and improve efficiency.

Carbon fiber type segment is expected to grow with highest CAGR in EV composites market during the forecasted period.

The EV composites market is segmented based on the fiber types into carbon fiber, glass fiber and other fiber. Carbon fibers are twice as strong and 30% lighter compared to glass fibers and has been used in electric vehicles for the major purpose of weight reduction. carbon fiber composites can be moulded into complex shapes, simplifying the assembly process and reducing part counts, and the lightweight nature of carbon fiber composites reduces the carbon footprint and emissions of EVs, making them a more environmentally friendly option compared to traditional gasoline-powered vehicles.

In Feb 2023, Toray Industries Inc. developed a rapid integration molding technique for CRFP (Carbon Reinforced Fiber Plastic) mobility components. This innovation will aid in molding CFRP mobility components in a better and faster way than traditional molding setups. The versatility and superior characteristics of carbon fiber composites make it an attractive option for EV industry, driving its adoption and growth in the market.

Thermoplastic resin type segment is expected to grow with highest CAGR in EV composites market during the forecasted period.

The EV composites market is segmented based on the resin types into thermoset and thermoplastic. In recent years, the use of thermoplastic resins as a matrix material in fiber-reinforced composites has surged. These resins, combined with continuous fibers, create structural composite products with several key advantages. Unlike thermoset resins, thermoplastic composites can be reshaped and reformed, making them easily recyclable. This recyclability has contributed to their growing popularity over the past decade. Additionally, thermoplastic resins allow for faster molding cycles since no chemical reaction is required for curing, and they offer superior impact resistance compared to thermosets.

When used with long fibers, thermoplastic resins provide high stiffness and lightweight properties, which are particularly beneficial for EV applications. In June 2016, LANXESS AG from Germany developed multiaxial Tepex, a product designed to enhance the mechanical performance of automotive components. This innovation has helped the company address the increasing demand for lightweight electric automotive parts.

Ultra-premium segment type is expected to have third largest share during forecasting period in terms of value

In this segment, The electric vehicles which costs more than 100,000 USD are considered to be ultra-premium. In ultra-premium segment, composites offer not only performance benefits but also exclusivity, allowing manufacturers to create bespoke vehicles with unique designs and advanced features, attracting discerning customers seeking unparalleled sophistication. The use of composites in ultra-premium electric vehicles is set to grow as manufacturers seek to enhance performance, range, and sustainability. Innovations in materials and manufacturing processes will likely continue to drive this trend, making composites an integral part of the future of high-end electric mobility.

Battery enclosure segment is expected to have third largest share during forecasting period, both in terms of value and volume during the forecast period

The demand for EV composites in battery enclosure applications within the electric vehicle (EV) composites market varies across premium, ultra-premium, and non-premium segments, driven by distinct factors tailored to each segment's requirements and priorities. In the premium segment, renowned for luxury and cutting-edge technology, automakers prioritize advanced materials like composites to enhance the performance, safety, and longevity of EV battery systems. Similarly, in the ultra-premium segment, the demand for automotive composites in battery enclosures is driven by the desire to offer state-of-the-art solutions that uphold the brand's reputation for excellence and sophistication. Composites offer advantages such as lightweight construction, corrosion resistance, and thermal insulation, contributing to the overall reliability and durability of electric vehicle battery systems. This factors are expected to boost EV composites in battery enclosure application.             

Sample Request- https://www.marketsandmarkets.com/requestsampleNew.asp?id=153929333

Asia Pacific region is expected to registered highest CAGR both in terms of value and volume during forecasted period

The EV composites market has been studied in North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

The Asia Pacific EV composites market is experiencing explosive growth, fueled by a potent mix of factors. The Asia Pacific electric vehicle (EV) market is experiencing rapid growth, driven by supportive government policies and incentives, environmental awareness and sustainability, technological advancements, affordability and cost savings, increasing urbanization, and the development of charging infrastructure. Governments are providing significant subsidies and tax rebates for EVs, such as China's subsidies based on battery size, and the Indian government's Production-Linked Incentive Scheme for ACC Battery Storage Manufacturing. The region's growing concerns about air pollution and the need for cleaner mobility solutions are also driving demand for EVs. Technological advancements and sustainability goals aligns perfectly with the advantages of EV composites, ensuring continued demand in the years to come.

Key players

Prominent companies include Toray Industries, Inc. (Japan), Teijin Limited (Japan), Syensqo (Belgium), Piran Advanced Composites (UK),  HRC (Hengrui Corporation) (China), Envalior (Germany), Exel Composites (Finland), Kautex Textron GmbH & Co. KG (Germany), SGL Carbon (Germany), POLYTEC HOLDING AG (Austria), Plastic Omnium (France), Röchling SE & Co. KG (Germany), Mar-Bal, Inc. (US),  ElringKlinger AG (Germany), and Faurecia (France), The Gund Company (US), IDI Composites International (US), TRB Lightweight Structures (US), CIE Automotive India (India), ZhongAo Carbon (China), Atlas Fibre (US), Jiangsu Kangde Xin Composite Material (China), Euro Advanced Carbon Fiber Composites GmbH (US), Owens Corning (US) and among others.

[dunamischarge]

Capitalize on the EV market surge with Dunamis Charge's innovative charging solutions and strategic expansion. 🚀⚡️

[ragini-14]

Electric Vehicle Battery Market Solid Analyzed Segmentation, Demand, and Share Estimation by 2030

The qualitative report published by Exactitude Consultancy research on the “Electric Vehicle Battery Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Electric Vehicle Battery market report offers the historical data for 2018 to 2023 and also makes available the forecast data from the year 2024 to 2030 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Electric Vehicle Battery Market from a Global and Regional perspective.

The global electric vehicle battery market is expected to grow at 21% CAGR from 2024 to 2030. It is expected to reach above USD 95 billion by 2030 from USD 17 billion in 2023.

For The Full Report Click here:

https://exactitudeconsultancy.com/reports/1879/electric-vehicle-battery-market/

[market-insider]

Exploring the Dynamics of Electric Powertrain Adoption: Shifting Gears

The global electric powertrain market size is expected to reach USD 260.91 billion by 2030, registering a CAGR of 15.3% over the forecast period, according to a new report by Grand View Research, Inc. The market for pure electric and plug-in hybrid vehicles has been growing significantly, in turn creating an increasing demand for automotive electric powertrains. Governments in various countries are taking initiatives to promote the development of Electric Vehicles (EVs). For instance, in 2020, the U.S. Department of Energy announced a public investment of USD 400 billion in clean energy. The investment would help develop 500,000 charging outlets for electric vehicles by the end of 2030.

Electric Powertrain Market Highlights

The motor/generator component segment is anticipated to witness a high CAGR of over 16.7% from 2022 to 2030 owing to the increasing penetration of BEVs and PHEVs globally

The HEV/PHEV electric vehicle segment is anticipated to witness the highest CAGR of 15.9% over the forecast period. This can be attributed to the charging flexibility benefit that these vehicles offer

The passenger segment dominated the market in 2022. The increasing demand for vehicles for daily transportation, along with the adoption of electric vehicles, particularly in developing countries, is fueling the electric vehicle powertrain market growth in this segment

Asia Pacific is expected to expand at a high CAGR of more than 14.2% over the forecast period owing to the increasing adoption of electric vehicles in countries such as China and India

For More Details or Sample Copy please visit link @: Electric Powertrain Market Report

The rising sales of electric vehicles have propelled prominent automotive component manufacturers to aggressively focus on developing essential EV components to gain a competitive edge. Prominent manufacturers in the market are primarily focusing on enhancing their facilities in countries such as Europe, China, and the U.S. For instance, in February 2020, Nidec Corporation invested around USD 1.8 billion to expand its electric vehicle powertrain business. The company’s three new facilities located in Poland, China, and Mexico would deliver up to 8.4 million electric motors every year.

[jjbizconsult]

Top 10 EV Automakers in the US and China