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Both General Motors and Ford have launched their electric vehicles, and Cramer believes that they stand as rivals for existing EVs. GM plans to have 30 EV models on the road by 2025.American television personality and CNBC’s Mad Money Jim Cramer recommended holding Ford Motor Company (NYSE: F) and General Motors (NYSE:
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Lucid Motors has recently announced an intent of the company to alter merge with a blank-check dedicated company Churchill Capital IV Corp in an agreement to trade and operate publicly.Formerly known as Atieva, Lucid Motors Inc is a famous auto firm specifically dedicated in producing electric cars. As per recent
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With reports of Apple aiming at developing its own EV autonomous vehicles, the company will surely find a collaboration with Hyundai or any other established auto manufacturing firm.South Korean multinational automotive manufacturer Hyundai Motor Co (KRX: 005380) has seen a massive $8 billion surge in its market value after the
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The huge potential of the EV marketplace has heightened the resolve of Foxconn as well as its biggest partner Apple to develop an entry plan into the electric vehicle production scene.The iPhone supplier of Apple Inc (NASDAQ: AAPL), Foxconn Technology Co Ltd (TPE: 2354) has signed a partnership agreement with
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A three-year pilot scheme for an innovative blockchain-based electric vehicle, or EV, charging platform has received $1 million in funding from Natural Resources Canada, a department of the country's government.The scheme promises to reduce the cost of EV charging transactions and enhance power grid efficiency, according to an article on
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The MIH Open Platform from Foxconn will further be relevant for a future upgrade of any auto part, offering what is described as a ‘Modular’ uniqueness.Taiwanese-based technological giant Foxconn Technology Co Ltd (TPE: 2354) is set to diversify its business interests into EV cars by launching what it called the
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Tesla could reduce costs significantly by using cobalt-free batteries. Cobalt batteries are one of the most expensive components in electric vehicles. Elon Musk envisioned the Model 3 as a mass market car but it currently competes with luxury vehicles. One of the biggest factors preventing the mass adoption of electric vehicles (EVs) has
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