NIO Inc Reports Record Earnings etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
KraneShares Electric Vehicles & Future Mobility ETF (Ticker: KARS) Adopts Bloomberg Thematic Index prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Will the Lordstown Motors Debacle Affect Electric Vehicle ETFs? June 14, 2021
In the latest bout of trouble for Lordstown Motors, the electric car company that operates out of a former GM plant, the company said Monday that CEO Steve Burns and CFO Julio Rodriguez have stepped down from their posts. Lordstown is actively seeking permanent replacements.
The resignations arrive amid an ongoing internal investigation of the company’s operations into claims by short-seller Hindenburg Research that it deceived investors. The Securities and Exchange Commission has plans to examine Hindenburg’s claims as well as the company’s merger with SPAC DiamondPeak Holdings.
As Electric Vehicles Proliferate, Harness the Potential with ‘KARS’ June 9, 2021
The International Energy Agency (IEA) recently reported that nearly 3 million new electric cars were registered in 2020–a record high. That number was up 41% compared to 2019, according to the IEA website.
It should be noted that this growth happened at a time when driving had actually fallen, as lockdowns forced individuals to stay home. The global automotive industry struggled.
When looking to the future, the IEA anticipates that the number of electric vehicles on the road will increase to 145 million by 2030.
If governments more heavily promote the shift to help meet global climate and energy goals, then that number could grow to 230 million in the same period of time.
In Population-Dense China, EVs Could Be a Game Changer etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.