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GAC Group to push $6.5 billion into EV industrial park

Source: GAC MOTOR

Guangzhou Automobile Group (GAC Group) has announced the construction of a new Chinese manufacturing hub, dedicated to the development and production of electric and “intelligent” vehicles under its GAC Motor brand. The move is not unexpected, considering that China’s EV and PHEV market has exploded over recent years. Indeed, the …

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Toyota to spend $35M in AI production effort but will it be worth it for batteries?

Toyota Mirai Fuel Cell
Source: Toyota

The Toyota Research Institute (TRI), founded in 2015, will be collaborating with research groups and universities after investing $35 million on the use of AIs to accelerate design and materials. The team hope that the results will greatly contribute to Toyota’s vision of reducing the CO2 emissions from new vehicles, …

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Tesla Motors Inc (TSLA) PT Lowered to $333.00 (Financial Market News)

Tesla Motors Inc (NASDAQ:TSLA) had its price target cut by research analysts at Morgan Stanley from $450.00 to $333.00 in a research note issued on Monday, Market Beat Ratings reports. The firm presently has an “overweight” rating on the electric vehicle producer’s stock. Morgan Stanley’s target price would indicate a …

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BYD Increases Profit Projections on Accelerating EV Sales (Alt Energy Stocks)

BYD’s EV sales are likely to see strong growth based on government-supported buying in China this year, but could slow sharply in 2017 if China’s economic slowdown accelerates. The surging sales prompted BYD to recently upgrade its initial projections for its 2015 profit, saying it now expects the figure to …

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Morgan Stanley Reiterates “Buy” Rating for Tesla Motors Inc (TSLA) (Intercooler)

Tesla Motors Inc (NASDAQ:TSLA)‘s stock had its “buy” rating restated by stock analysts at Morgan Stanley in a research report issued on Thursday, MarketBeat.com reports. They presently have a $450.00 price objective on the electric vehicle producer’s stock. Morgan Stanley’s price objective points to a potential upside of 119.52% from the …

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