Three out-of-the-box methods to commerce the rise of electrical automobiles in 2022

Investors should possibly be looking under the radar for electric vehicle games in the coming year, say two traders.

With popular stocks like Tesla and Nikola “We’re trying to play around the edges,” Nancy Tengler of Laffer Tengler Investments told CNBC “Trading nation” on Thursday.

“There are two ways for investors to nibble on the sides of the electric vehicle market,” said the company’s chief investment officer. “One is Borgwarner. “

Borgwarner, a $ 10.5 billion auto parts maker, is well on its way to delivering around 30% of powertrains or electric motors to the electric vehicle industry by 2023, Tengler said. It has also lagged the market this year, up less than 13% and trading at a relatively cheap price-to-earnings-ratio of 11, she said.

“The second way is copper, maybe a name like Freeport-McMoRan, some of the miners who will be supplying the EV manufacturers, “said Tengler.

A third tangential market could see a big reversal in 2022, said Quint Tatro, chief investment officer of Joule Financial, in the same interview.

Charging station stocks flash and Charging point could make a huge profit from President Joe Biden’s infrastructure plan of roughly $ 7.5 billion allocated to the industry, Tatro said.

Blink and ChargePoint stocks are down 33% and 52%, respectively, since the start of the year.

“These are stocks that we believe will experience some tax losses in the New Year, and I think these will be interesting trading opportunities early in January,” said Tatro.

Disclaimer of liability

GM to begin delivery $113,000 electrical Hummer pickups to prospects

DETROIT – General Motors begins shipping its GMC Hummer EV pickup truck to customers, marking a major milestone for the automaker and its next-generation electric vehicles.

The new truck is the first to integrate that of the Detroit automaker Ultium platform, Engines and batteries, all of which GM developed in-house and will serve as the basis for dozens of new electric vehicles in the years to come.

“We are very happy for our customers,” said GM President Mark Reuss on Friday during an interview with Phil LeBeau of CNBC during the “Quack on the street.”

GM is investing around $ 30 billion in the production and development of electric vehicles like the Hummer Pickup and an upcoming SUV variant of the vehicle by 2025. The company also confirmed the first deliveries of a new electric vehicle on Friday commercial delivery truck to FedEx.

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced a massive $ 2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs.

Photo by Jeffrey Sauger for General Motors

The first series Hummer EV was auctioned for $ 2.5 million, with proceeds going to the Tunnel to Towers Foundation, an organization set up to commemorate first responder Stephen Siller on September 11th.

GM’s shares fell about 7% Friday morning after the company announced the abrupt departure on Thursday afternoon by Dan Ammann, CEO of the majority-owned autonomous vehicle unit Cruise. The stock closed at $ 55.16 per share on Friday, down 5.5%.

GM hasn’t confirmed how many reservations it has received for the Hummer EV pickup, which will initially be selling a special “Edition 1” version for about $ 113,000 before cheaper versions go into production. The company previously announced that reservations for the new Hummer will be fully booked until next year.

Read more about electric vehicles from CNBC Pro

Reuss said the company plans to build around 1,200 “Edition 1” Hummers before switching to cheaper variants. He said GM has around 17 of these vehicles ready to be shipped to customers.

“They were sold out here in no time,” said Reuss on Friday.

The Hummer EV is the second all-electric pickup truck to break into the untested but still emerging segment. It follows the R1T from EV startup Rivian, which began building the vehicle at a factory in Illinois in September.

The two pickups are expected to be the first of a handful of new electric pickups in the years to come. They should be followed by one in the next year Electric version of the Ford F-150 in spring and Tesla’s cybertruck At the end of next year. GM has also confirmed that electric pickups will be launched for its Chevrolet and GMC brands in the coming years.

Chinese language electrical automobile start-up Nio reveals a brand new sedan AR VR glasses

The delivery of the et5 electric sedan from Nio is scheduled to begin in September 2022.

Nio

BEIJING – Chinese electric car manufacturer Nio unveiled a new sedan and custom augmented reality (AR) glasses that reduce the need for in-car screens on Saturday.

Augmented Reality is a technology for imposing digital images on the real, physical world. In cars, technology can allow drivers to keep their eyes on the road without looking at a dashboard.

Nio said it was partnered with Chinese augmented reality start-up Nreal for the AR glasses of his new sedan ET5.

The electric car is expected to ship in September 2022, with pre-financing prices starting at 328,000 yuan ($ 51,250) for battery-powered models. The AR glasses are not included in the scope of delivery and must be purchased separately according to the company.

On December 18, 2021, Nio CEO William Li will announce customized AR glasses that will be manufactured with the Chinese start-up Nreal.

Evelyn Cheng | CNBC

The ET5 is the second sedan from Nio to hit the market. The company’s first sedan, the ET7, was unveiled in January at a higher starting price before the subsidy of 448,000 yuan, but has not yet started delivery.

Shipment of the ET7 is slated to begin on March 28, 2022, said William Li, founder, chairman and CEO of Nio, at the company’s annual “Nio Day” event on Saturday.

Tesla, WORLD, Xpeng and other electric car makers in China are already selling sedans that have proven popular with local residents.

Nio said its deliveries rebounded in November from a low of 3,667 cars in October, bringing the total to 80,940 vehicles for the first 11 months of the year. The ES6 and EC6 SUVs were among the top 10 New Energy SUVs sold in China this year through November according to the China Passenger Car Association.

Nio wants to enter Germany

In the next year, the electric car maker plans to bring its products and services to Germany, the Netherlands, Sweden and Denmark, Li said. By 2025, the company aims to reach users in more than 25 countries and regions, he said.

Nio opened a flagship store in Oslo, Norway this year and started delivering vehicles to the electric-car-friendly country that rivals China Xpeng and BYD have also shipped cars.

At the beginning of November, Li announced in a conference call that the company plans to enter Norway in five other countries in Europe next year.

Nios ET5 electric sedan has six options for the interior colors, including the seat belt.

Evelyn Cheng | CNBC

Li told reporters on Sunday that he did not expect Nio to start delivering cars and selling other services in Germany until the end of next year. He did not give a specific date.

Li also declined to provide details on whether Nio, a US-listed company, would offer shares on any other exchange in the short term.

AR / VR investments

Nio’s investment arm Nio Capital is an investor in Nreal. According to a press release, the tailor-made glasses for the ET5 sedan can project an effective screen size of 201 inches by 6 meters.

Nio also announced on Saturday that it had developed virtual reality glasses together with Nolo, another Chinese start-up supported by Nio Capital. Pricing and other details of availability were not disclosed.

Read more about electric vehicles from CNBC Pro

Nissan to speculate $17.6 billion to ramp up electrical car providing

A Nissan electric concept car will be on display in the company’s showroom in Yokohama, Japan on November 29, 2021.

KAZUHIRO NOGI | AFP | Getty Images

Japanese automobile giant Nissan will invest 2 trillion yen (approximately $ 17.6 billion) over the next five years to accelerate the electrification of its product line.

Nissan announced on Monday that it would launch 23 new electrified models by 2030, 15 of which will be fully electric.

By the end of the decade, the company is aiming for a 50% electrification mix for its Nissan and Infiniti brands.

On the battery front, the company plans to launch all-solid-state batteries, or ASSB for short, by 2028. A pilot plant for ASSB in Yokohama, Japan, will be completed “in fiscal year 2024”, called Nissan.

In a speech outlining the plans, Nissan chief Makoto Uchida said his company is focused on ASSB’s internal development.

“This enables us to double the energy density compared to current lithium-ion batteries,” he said. “With smaller and thinner batteries, we can offer a flexible layout with more dynamic performance and expand it to larger segments like pickup trucks.”

Nissan is one of several well-known companies pursuing an electrification strategy. In March, Volvo Cars announced a “Full Electric Car Company” by 2030. Elsewhere, BMW Group By 2030, at least 50% of deliveries should be fully electric vehicles.

It comes at a time when major economies around the world are trying to reduce the environmental footprint of transport.

Read more about electric vehicles from CNBC Pro

The UK, for example, wants to stop sales of new diesel and gasoline cars and vans by 2030. From 2035, all new cars and vans will have to have zero tailpipe emissions.

Elsewhere, the European Commission, the executive branch of the EU, aims to reduce CO2 emissions from cars and vans by 100% by 2035.

Earlier this month, signatories of a statement at the COP26 climate summit said they will “work in leading markets by 2040 and no later than 2035 to ensure that all sales of new cars and vans worldwide are emission-free”.

While the US, China and the automakers including Volkswagen, Toyota and Nissan were absent from the statement, signatories included the governments of the United Kingdom, India and Canada, and automobile companies such as ford, General Motors and Volvo cars.

Speaking to CNBC’s Steve Sedgwick on Monday morning, Nissan’s Uchida said his company must be “equipped and ready.” [for] how the market for … electrification will develop. “

While charging, Uchida emphasized the importance of collaboration. “We don’t just concentrate [at] … Nissan but also in the alliance [on] how we can further … contribute to building the infrastructure with regard to the charging stations. “

Renault-Nissan-Mitsubishi is an automotive alliance founded in 1999. Mitsubishi joined the strategic partnership in 2016.

Jim Cramer says Common Electrical breaking apart into three firms is the appropriate transfer

CNBCs Jim Cramer cheered on Tuesday General electrics‘s plan to split into three separate companies focused on energy, aviation and healthcare.

While the possible breakup of the American industrial conglomerate may seem symbolically bleak, the Mad Money host said it was the right and necessary financial move and he trusts GE CEO Larry Culp to carry it out.

Culp, who acquired GE in 2018, “saved the company, and while we may miss the GE name, the divisions themselves were a house that, of course, couldn’t hold up,” Cramer said.

Cramer said Culp did an excellent job streamlining GE’s business structure and cleaning up its balance sheet after it was impacted by the financial crisis. However, Cramer said it made no sense to hold the remaining units together at this point.

“Let me put it this way: if you started a business today, you’d never start one that’s part aerospace, part health care, and part energy, including renewable energy,” said Cramer.

GE plans to outsource its healthcare business by early 2023 and its energy business by early 2024, according to a press release from the company. The current GE will be the aerospace-focused company.

Once that happens, Cramer said the standalone companies will be easier to deceive for Wall Street analysts and investors alike.

“Even at its peak, that combination hasn’t wowed anyone in twenty years so you had to do it,” said the former hedge fund manager, but suggested that as separate entities it could be a different story.

“A healthcare company based on high-demand MRI machines that they can’t even get enough of? That’s good, ”said Cramer. “The power and renewable energy business could be very attractive to asset managers looking to go green – and there are plenty of them.”

GE shares rose 2.65% Tuesday to close at $ 111.29 apiece. The stock is up almost 29% since the start of the year, outperforming the S&P 500It’s about 25% profit over the same range.

Chinese language shoppers decide favourite electrical automobiles from China, US, Germany

Stephan Wollenstein, CEO of Volkswagen China, will present the new ID.6 Crozz electric car at the Shanghai International Automobile Industry Exhibition on April 19, 2021.

Hector Retamal | AFP | Getty Images

BEIJING – When it comes to their favorite electric car brand, Chinese consumers’ first choice is Warren Buffett WORLD, according to a survey by Bernstein.

Elon Musks Tesla Germany is in second and third place Volkswagensaid Bernstein. The company cited the latest results from a regular survey of Chinese consumers in the third quarter of recent years. This year’s survey, released on Thursday, had around 1,600 respondents.

Most of the respondents lived in China’s larger cities, with an average age of 32 and a monthly income of about 19,000 yuan (2,969), according to the research company.

Almost half of those surveyed said they would consider buying an electric vehicle for their next car purchase.

Intention to buy an electric car from a Chinese start-up like Nio or Xpeng doubled this year to around 9.5% of those surveyed, compared to around 5% in recent years.

Read more about electric vehicles from CNBC Pro

Chinese startups ranked first in the “Upper Mass & Premium” segment of the electric car market, which covers cars costing at least 150,000 yuan ($ 23,437). The next favorite in this segment was Tesla, followed by German premium brands like BMW and Audi, according to the survey.

But for cars of all categories, German premium brands ranked first, followed by Japanese brands Toyota, Honda and Nissan, and Chinese brands like BYD and Geely, the report said. Start-ups with electric cars took sixth place in this category.

China is the largest auto market in the world and many European auto companies make up the country Starting point for their foray into electric vehicles.

Rivian, electrical car maker backed by Amazon and Ford, information to go public

Amazon’s new delivery truck

Amazon

Rivian Automotive, a company that develops electric vehicles including commercial vans for Amazon, filed for an IPO on the Nasdaq on Friday. The company aims to trade on the Nasdaq under the ticker symbol “RIVN”.

It is Paperwork shows Rivian posted a net loss of $ 994 million on zero revenues for the first six months of 2021. In 2020, the company’s net loss was $ 1.02 billion.

The company wrote in its submission: “We are a company in the development phase and have not yet generated any significant revenue. Vehicle production and deliveries began in September 2021.”

CEO RJ Scaringe, who holds a Ph.D. from Sloan Automotive Laboratory at the Massachusetts Institute of Technology, founded in 2009 Rivian. The company is based in Irvine, Calif., And employed 6,274 people at the end of June. It operates a vehicle assembly plant in Normal, Illinois.

Amazon and ford everyone owns more than 5% of the company. Peter Krawiec, Amazon’s Senior Vice President, Global Corporate and Business Development, sits on Rivian’s board of directors.

Rivian’s commercial vehicle business will be heavily dependent on Amazon for the foreseeable future. The company said Amazon has some exclusive rights to purchase Rivian electric delivery vehicles for at least four years, and then the right of first refusal thereafter.

Rivian beat Tesla, GM and ford launched with an electric pickup truck, the R1-T, which has already received rave reviews.

– CNBC’s Lora Kolodny contributed to this report.

SEE: Rivian CEO: We’re ready for the electric pickup race

Consolidation in China’s electrical automobile house is ‘inevitable’

The electric vehicle sector is experiencing its “most exciting moment” – and a consolidation in the industry is inevitable, says Helen Liu of Bain & Company.

“I would say that consolidation is an inevitable trend in this industry,” Liu, a partner in the consulting firm, told CNBC’s Capital Connection on Tuesday. She cited reasons such as the capital-intensive and technology-heavy nature of the electric vehicle sector.

“Historically, we’ve seen invisible hands like the market, and also visible trends, regulations that continually navigated the industry through the consolidation trend,” she said.

On Monday, China’s Minister of Industry and Information Technology the country has “too many” EV manufacturers. These comments sparked fears about further regulatory action by Beijing, this time targeting the autonomous vehicle sector after earlier moves in other industries such as private education and technology.

IHS Markit’s Huaibin Lin said he saw little chance of regulatory interference from Beijing in the short term. Demands by the industry and information technology ministry for a consolidation of the auto sector are not new and have taken place in the last 20 years, he told CNBC’s “Squawk Box Asia” on Tuesday.

“We are in [an] an ever-growing market where we have seen tremendous growth in automotive sales over the past 20 years, “said Lin, manager China Automotive at IHS Markit, adding that the new energy vehicle market is currently experiencing very strong momentum.

“Are we going to see any drastic consolidation in the industry itself? We think there will be a big question mark as long as the market goes on,” he said.

For the next 10 years you will see very fierce competition within the new energy vehicle industry. Nobody knows who will actually survive in the end.

Helen Liu

Partner, Bain & Company

Liu of the consulting firm Bain agreed, saying that the momentum for growth and the outlook for the sector are currently very positive. This is underpinned by factors such as supporting guidelines and, above all, customer acceptance.

“Based on our Bain study this year, we found that the acceptance of electric cars by Chinese customers is leading global trends and we also believe it is steadily increasing,” she said.

China’s electric boom

For its part, China previously mentioned that it would be happy By 2025, 20% of all new cars sold are to be New Energy Vehicles.

Still, the two analysts say it’s too early to say who could be a clear winner in China’s EV space.

“I think it might be a little too early to say which brand or name will win in the end,” said Liu of Bain.

Read more about electric vehicles from CNBC Pro

Beyond domestic competition, IHS Markit’s Lin said China’s electric car makers are also expected to face increased capital competition over the next decade.

Some of this competition could come from long-standing established companies in the automotive sector, he said, with traditional internal combustion engine vehicle manufacturers such as: Volkswagen, BMW and Daimler’s Mercedes is now forging “drastic” electrification strategies.

“You will see very fierce competition in the new energy vehicle industry for the next 10 years,” Lin predicted. “Nobody knows who will actually survive in the end.”

Mercedes Idea EQG Debuts In Munich With Electrical G-Class Model

The moment has finally come. Mercedes Benz is strongly pushing for electrification and its iconic G class is no exception. The vehicle you see here is not what you will be able to buy in the future, but it is close. Mercedes calls the Concept EQG – a near-series version of the upcoming EQG and a vision of an electrified G-Class.

It definitely looks like a G-Class, and purists will be happy if it should be just as robust. A ladder frame still underpins the box-shaped body, which sits on independent suspension at the front and on a rigid axle at the rear. The greenhouse stands tall, the massive spare wheel carrier holds the station at the rear, door handles are distinctive on the sides and round headlights illuminate the way to the front. Even at a quick glance, this should not be confused with a G-Class.

6th photos

However, it is clearly a completely different G-Class. Without a motor under the hood, the bold G-Class grill on the Concept EQG becomes an illuminated black-panel grill. Illuminated blue squares create an artificial grille look, with the three-pointed star in the center illuminated in a 3D effect. A white border completes the front grille, while additional LED daytime running lights encircle the headlights.

save over $3,400 on average from RRP * for a new one Mercedes-Benz G-Class

On the sides you will find even more LED lighting that is integrated into the protective strips of the Concept EQG. The flat roof integrates an LED light bar at the front and a third brake light at the rear. 22-inch wheels with a late 1990s feel sit on the corners, and although the Concept EQG has a rear spare wheel carrier, you will likely notice that it’s not shaped like a tire. In reality, it is an external storage box, which on the outside pays homage to the traditional G-Class, but swaps the tire for things like charging cables.

Mercedes-Benz Concept EQG rear view
Mercedes-Benz Concept EQG front view

Speaking of which, how does the Concept EQG bring the power to the ground? Mercedes isn’t ready to share details like horsepower or range just yet, but we’ve been told that this concept uses four electric motors mounted close to the wheels. Each motor can work independently to give the EQG “unique driving characteristics”. The drivetrain also has a switchable two-speed transmission, which basically gives you a crawler gear for tricky off-road situations.

Since this is a near-series concept, there will be some changes before the EQG becomes official. There’s no timeframe for when that will happen, but Mercedes promises it will pass the same tests and conquer the same terrain as all previous internal combustion engine G-cars.

A join a free evaluation on how to economize in your electrical invoice helps NAACP elevate funds

Editor’s Note: This story is part of Southwest Michigan Second Wave On the ground Battle Creek range.

Battle Creek residents interested in saving money on their utility bills and building more energy efficient homes can register for free until August 13th Energy analysis at home offered through Consumers Energy.

In addition to benefiting homeowners and tenants, the program raises funds for the Battle Creek branch of of NAACP (National Association for the Promotion of Colored People).

“Consumers are working with minority and women-led nonprofits to promote this program and turn it into a fundraiser,” said Kathy Antaya, who leads the fundraiser and is the third vice president of the local NAACP. “They really go out of their way to target black and brown communities where people are least likely to let ‘the man’ into their home.”

To sign up, people should click here or visit HomeEnergyAnalysis.com or call 833-685-1312 to make an appointment. When registering online, enter NAACPBC in the promotional code field. When you call to make an appointment, Antaya says, “Be sure to give the call center agent the code.”

She hopes this will build people’s confidence in the work Consumers Energy is doing to save money and in their own ability to make these kinds of improvements.

“It makes a lot of sense to me, especially for households that are less energy efficient and more likely to benefit from it, and these are mostly low-income people or people who don’t trust a white person to come to their door,” Antaya says.

Although the fundraising opportunity has existed with organizations in the east of the state for several years, this is the first time an organization in Battle Creek has had the opportunity to partner with Consumers Energy, says Erin Donnelly, senior marketing & outreach manager for energy efficient solutions Logistics, LLC. SEEL, LLC is a Certified Minority Business Enterprise (MBE) and an Authorized Consumers Energy Contractor based in Comstock Park.

The payment for partner organizations is based on a tiered system. For every 50 energy analysis appointments completed, an organization receives US $ 500; for all 75 appointments this amount is $ 1,000 and continues from there up to a maximum of $ 5,000 for 200 completed appointments.

Donnelly says there were seven completed Battle Creek events listed as of yesterday.

“We need at least 50 visits to start a fundraiser,” says Antaya. “Our goal is 200 visits. We struggled to get 20. “

The participating organizations had a three-month window to register and complete appointments. The fundraiser began June 13th in Battle Creek, and Antaya hopes more people will sign up before the deadline.

Antaya is one of the seven people who already have an energy analysis carried out at home. During this analysis, she had 30 lightbulbs replaced and received four LED night lights, all free of charge for her. She says if her house, which is around 50 years old, had an electrical water connection, she could have got free plastic wrap and insulation for the hot water pipes and tape sealant for the water heater.

“The man who did my energy analysis was very experienced and professional,” says Antaya. “He made me feel so comfortable. He even pointed out a few things that had nothing to do with energy efficiency and asked questions such as whether I had had a radon test done in my basement. “

The technicians who perform the personal analyzes bring items such as light bulbs and insulation, and replace and install anything needed during the visit. Those doing the virtual analyzes will be sent home free of charge materials that may be needed for improvement.

In addition to the items that Antaya replaced, premium upgrades are available for those who are 200 percent or below the federal poverty line, which according to the U.S. Department of Health or 80 percent of the Annual Median Income (AMI), which in Calhoun County was $ 49,055, according to the US Census Bureau.

These premium upgrades include items like new refrigerators, dehumidifiers, or air conditioners, says Donnelly.

“We carry out the initial assessment and if you are eligible for the premium upgrades, we will contact you and see if you are interested. If so, you will need to provide proof of income eligibility. Order a new refrigerator and set up delivery and installation. “

Donnelly says the energy analysis program is funded by an average fee of 30 cents that is part of the monthly bill that Consumers Energy customers receive.

“The whole point of this fundraising program is to help the community and the businesses and organizations in that community, and to help the community save money on their energy bills on an individual basis,” says Donnelly. “People get very hesitant when they hear the word ‘free’. But it’s something that every customer is already paying for. There is a small fee on your bill that goes straight to funding this program. “

“The program is completely free to anyone in Michigan who is a Consumers Energy customer,” says Donnelly. “Consumers Energy offers virtual and personal appointments to give tips on energy efficiency and energy reports at home that show customers their energy consumption and how they can save money. The aim is to reduce energy consumption. We have certain goals that we want to achieve as a company that uses energy. If we can help the customer in any way, we want to do that. “

Read more articles from Jane Simons.

Jane Simons is a freelance reporter and writer with over 20 years of experience and the owner of In so many words based in Battle Creek. She is the project editor for On the Ground Battle Creek.