Lithium Scarcity Pushes Carmakers Into the Mining Business

Lithium Scarcity Pushes Carmakers Into the Mining Business

“There’s a bit of desperation,” said Amanda Hall, chief executive of Summit Nanotech, a Canadian start-up working on technology to hasten extraction of lithium from saline groundwater. Auto executives, she said, are “trying to get ahead of the problem.” Yet, in their haste, car companies are making deals with small mines that may not live…

US House committee chair ‘concerned’ by Tesla deals in China |  Automotive Industry News

US House committee chair ‘concerned’ by Tesla deals in China | Automotive Industry News

The leader of a United States congressional committee on China has expressed concern about electric carmaker Tesla’s dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai. Tesla announced the factory in a tweet on Sunday, and Chinese state media said it would initially produce 10,000 Megapack…

GM’s $918M Investment, STLA-Terrafame Deal & More

GM’s $918M Investment, STLA-Terrafame Deal & More

Last week, the European Automobile Manufacturers Association (“ACEA”) released data on passenger car registrations for December 2022. The European Union (“EU”) passenger vehicle market soared 12.8% last month to 896,967 units, marking the fifth straight month of growth . Registrations in Italy and Germany witnessed a year-over-year rise of 21% and 38.1%, respectively. Meanwhile, Spain…

Quite a few insiders invested in RPM Automotive Group Limited (ASX:RPM) last year which is positive news for shareholders

Quite a few insiders invested in RPM Automotive Group Limited (ASX:RPM) last year which is positive news for shareholders

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in RPM Automotive Group Limited’s (ASX:RPM) instance, it’s good news for shareholders. While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to completely ignore…