Latest news with #CnEVPost
Yahoo
2 days ago
- Business
- Yahoo
China flips switch on cutting-edge energy facility with incredible power: 'It's the start of a new wave'
A new energy storage plant featuring sodium- and lithium-ion batteries has opened in China's Yunnan province. The energy storage station, operated by China Southern Power Grid, is approximately 33,333 square meters in size and features over 150 battery compartments, according to CnEVPost. The station's leader told news agency Xinhua that it has a top response speed that's six times faster than other sodium-ion batteries. It can also store up to 800,000 kilowatt-hours of electricity per day, which is enough to power approximately 270,000 households. PV Magazine explained that the station can serve over 30 wind and solar plants to mitigate the impact of intermittent supply. The article highlighted that the power station can adapt to changing energy access and stabilize delivery. Combined, these benefits make it easier for cities, companies, and everyday people to have an energy source they can rely on. And one they can trust to release less planet-warming pollution than dirty fuels such as coal, oil, and gas. As the U.S. Department of Health and Human Services pointed out, a cleaner environment reduces the likelihood of respiratory and heart conditions. While there are many ways to store energy, sodium-ion batteries are gaining popularity. CnEVPost emphasized that this is because sodium is more abundant, easier to extract, and costs less. Additional reporting from Sodium Battery Hub detailed that this system can adapt to temperature variations and has a longer life cycle than lithium models. Energy storage plays a crucial role in the transition to greener energy sources. As more solar and wind stations emerge, engineers believe that the rapid construction of lithium-sodium battery storage will be critical, per Sodium Battery Hub. Many companies continue to address the need for energy storage plants, like this flywheel facility or this compressed carbon dioxide option. For now, people are excited about this new development in China. Should the U.S. invest more in battery innovations? Absolutely Depends on the project We're investing enough We should invest less Click your choice to see results and speak your mind. On a post on the China Southern Power Grid Facebook page, one commenter said, "Look forward to experiencing more developments in cleaner, and greener energy!" On Threads, Earthly Education shared the news about the energy storage plant, writing, "It's the start of a new wave in clean energy storage, promising faster, greener, and more affordable solutions worldwide." Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
13-05-2025
- Automotive
- Yahoo
What's Going On With NIO Stock On Tuesday?
NIO Inc. (NYSE:NIO) shares are trading lower on Tuesday. The firm revealed that its advanced steer-by-wire system, featured in the ET9 executive sedan, has secured a key regulatory approval in Europe, reports CnEV Post, citing a statement from CEO William Li on Weibo. This development positions the electric vehicle manufacturer as a global frontrunner in deploying next-generation driving technologies. The SBW technology on the ET9 has received the E-Mark certification under the United Nations Economic Commission for Europe framework, following assessment by the Spanish automotive certification group Applus marks the first time the organization has endorsed an SBW-enabled vehicle in the region. NIO launched the ET9, its most premium offering to date, during Nio Day 2024. Priced at RMB 788,000 (approximately $109,560), the four-seater sedan began reaching customers in China at the end of March, CnEV Post adds. The company delivered 810 units in April, its first full delivery month, according to CnEVPost data. Alongside the ET9 milestone, NIO is refreshing several key models in its lineup. Beginning May 10, customers in China can place pre-orders for updated versions of the ES6 SUV, EC6 coupe SUV, and the ET5 and ET5 Touring sedans. Showrooms will simultaneously unveil the revamped ES6 and EC6 models. NIO recorded 23,900 vehicle deliveries in April, a 53% year-over-year increase. The surge in shipments indicates strong demand, even as the company invests in innovative features like SBW and explores international market opportunities. Price Action: NIO shares are trading lower by 2.02% to $4.115 at last check on Tuesday. Photo by Tada Images via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? NIO (NIO): Free Stock Analysis Report This article What's Going On With NIO Stock On Tuesday? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-03-2025
- Automotive
- Yahoo
Tesla short sellers land a $16.2bn payday on stock plunge as rival BYD hits record high on world's fastest EV recharging tech
BYD hit a record-high market cap of nearly $160 billion thanks to its latest innovation, while a steep drop in the share price of Elon Musk's carmaker has lined the pockets of Tesla bears. Musk's politics appear to be hurting his business, since "it's not people with cowboy boots who buy Teslas." Tesla bulls have it hard right now. After suffering an unprecedented plunge in the stock price that has enriched short sellers to the tune of $16 billion, arch-rival BYD just celebrated an all-time high. Shares in the Chinese EV manufacturer hit a record after it unveiled two new models from its Dynasty family: the five-meter-long Han L executive sedan and the Tang L SUV, vehicles that are capable of recharging just as fast as refueling a conventional combustion engine car. The pair are built off BYD's new 'Super-e Platform', a vehicle architecture that features a 1,000-volt electrical system, higher than even the 900v found in a Lucid Air. Together with a 1 megawatt DC fast charging system, the two BYD models can add 400 kilometers of range in just five minutes, according to Chinese EV motoring site CnEVPost. Typically, the higher the rate of charging, the more the battery is subjected to stress. Over time, this creates the formation of microscopic needles made of lithium metal that can puncture a cell's isolation and trigger a short circuit. In a worst-case scenario, the battery pack could catch fire. But BYD's Blade cells use iron-based LFP chemistry that is more robust than the better-known NMC cells based primarily on nickel. BYD's U.S.-traded American Depository Receipts (ADRs) traded 2.6% higher on the announcement to hit a new high of $102.70 each. The company's Shenzhen-listed stock likewise hit a record, resulting in a market cap of nearly $160 billion—or more than Volkswagen, General Motors and Ford combined. It's the latest example of how BYD is diverging more and more from arch-rival Tesla. While the Chinese manufacturer is investing further in EV innovation, Elon Musk's carmaker has chosen a strategic pivot towards the development of humanoid robots, which he believes will vault it to become the world's most valuable company. Speaking in June at Tesla's annual shareholders meeting, the entrepreneur claimed their company is on track to one day achieve $1 trillion in annual profits—or 10 times what Apple currently makes. In a matter of years, he estimated his investors would be earning a 50% return by selling 100 million Optimums robots per annum at a price tag of $20,000 each, twice what he expects it will cost to build them. This would usher in a utopian 'age of abundance', where robots would do all the work, leaving humans to focus entirely on more spiritually rewarding endeavors. This ambitious vision relies on Musk's ability to pull off the seemingly impossible—dividing his attention between multiple companies and also dedicating time to his role as President Trump's cost-cutter-in-chief. With so many obligations, Musk recently admitted he is experiencing 'great difficulty' running his corporate empire, which is mainly comprised of Tesla, SpaceX, the social media platform X, and his Grok chatbot developer xAI. The result of this has been a tumbling Tesla share price, which has seen over $700 billion of stock market value lost since its mid-December peak. Short sellers betting on a decline in the Tesla share price have now pocketed $16 billion from their trades, the Financial Times reported, citing data provided by financial analytics firm S3 Partners. The number of shares being shorted has grown 16% over the last month to encompass 2.6% of Tesla's outstanding shares. Per Lekander, managing partner of a $1.5 billion hedge fund that first went short on Tesla several years ago, warned Musk his embrace of Trump's political agenda will backfire on him. 'It's not people with cowboy boots who buy Teslas,' he said in comments quoted by the FT. Musk, who relishes burning short sellers like Bill Gates, can still smile, however. Even after accounting for their recent gains, short sellers have lost a cumulative $64.5 billion since Tesla first went public in 2010. This story was originally featured on
Yahoo
18-03-2025
- Automotive
- Yahoo
Tesla short sellers land a $16.2bn payday on stock plunge as rival BYD hits record high on world's fastest EV recharging tech
BYD hit a record-high market cap of nearly $160 billion thanks to its latest innovation, while a steep drop in the share price of Elon Musk's carmaker has lined the pockets of Tesla bears. Musk's politics appear to be hurting his business, since "it's not people with cowboy boots who buy Teslas." Tesla bulls have it hard right now. After suffering an unprecedented plunge in the stock price that has enriched short sellers to the tune of $16 billion, arch-rival BYD just celebrated an all-time high. Shares in the Chinese EV manufacturer hit a record after it unveiled two new models from its Dynasty family: the five-meter-long Han L executive sedan and the Tang L SUV, vehicles that are capable of recharging just as fast as refueling a conventional combustion engine car. The pair are built off BYD's new 'Super-e Platform', a vehicle architecture that features a 1,000-volt electrical system, higher than even the 900v found in a Lucid Air. Together with a 1 megawatt DC fast charging system, the two BYD models can add 400 kilometers of range in just five minutes, according to Chinese EV motoring site CnEVPost. Typically, the higher the rate of charging, the more the battery is subjected to stress. Over time, this creates the formation of microscopic needles made of lithium metal that can puncture a cell's isolation and trigger a short circuit. In a worst-case scenario, the battery pack could catch fire. But BYD's Blade cells use iron-based LFP chemistry that is more robust than the better-known NMC cells based primarily on nickel. BYD's U.S.-traded American Depository Receipts (ADRs) traded 2.6% higher on the announcement to hit a new high of $102.70 each. The company's Shenzhen-listed stock likewise hit a record, resulting in a market cap of nearly $160 billion—or more than Volkswagen, General Motors and Ford combined. It's the latest example of how BYD is diverging more and more from arch-rival Tesla. While the Chinese manufacturer is investing further in EV innovation, Elon Musk's carmaker has chosen a strategic pivot towards the development of humanoid robots, which he believes will vault it to become the world's most valuable company. Speaking in June at Tesla's annual shareholders meeting, the entrepreneur claimed their company is on track to one day achieve $1 trillion in annual profits—or 10 times what Apple currently makes. In a matter of years, he estimated his investors would be earning a 50% return by selling 100 million Optimums robots per annum at a price tag of $20,000 each, twice what he expects it will cost to build them. This would usher in a utopian 'age of abundance', where robots would do all the work, leaving humans to focus entirely on more spiritually rewarding endeavors. This ambitious vision relies on Musk's ability to pull off the seemingly impossible—dividing his attention between multiple companies and also dedicating time to his role as President Trump's cost-cutter-in-chief. With so many obligations, Musk recently admitted he is experiencing 'great difficulty' running his corporate empire, which is mainly comprised of Tesla, SpaceX, the social media platform X, and his Grok chatbot developer xAI. The result of this has been a tumbling Tesla share price, which has seen over $700 billion of stock market value lost since its mid-December peak. Short sellers betting on a decline in the Tesla share price have now pocketed $16 billion from their trades, the Financial Times reported, citing data provided by financial analytics firm S3 Partners. The number of shares being shorted has grown 16% over the last month to encompass 2.6% of Tesla's outstanding shares. Per Lekander, managing partner of a $1.5 billion hedge fund that first went short on Tesla several years ago, warned Musk his embrace of Trump's political agenda will backfire on him. 'It's not people with cowboy boots who buy Teslas,' he said in comments quoted by the FT. Musk, who relishes burning short sellers like Bill Gates, can still smile, however. Even after accounting for their recent gains, short sellers have lost a cumulative $64.5 billion since Tesla first went public in 2010. This story was originally featured on
Yahoo
25-02-2025
- Automotive
- Yahoo
Li Auto Stock Jumps as Chinese EV Maker Posts Pictures of First All-Electric SUV
U.S.-listed shares of Li Auto are rising 13% in premarket trading Tuesday after the Chinese electric vehicle manufacturer posted photos of its first all-electric SUV model. The gains followed the release of two photos of the new Li i8 model in its social media platforms, according to CnEVPost, a website focused on Chinese EV news. Li Auto competes in China with homegrown firms Nio, BYD, and XPeng, as well as Elon Musk's Tesla.U.S.-listed shares of Li Auto (LI) are rising 13% in premarket trading Tuesday after the Chinese electric vehicle (EV) manufacturer posted photos of its first all-electric SUV model. The gains followed the release of two photos of the new Li i8 model in its Chinese social media platforms, according to CnEVPost, a website focused on Chinese EV news. According to the CnEVPost, Li Auto CEO Li Xiang said on Chinese social media platform Weibo that the firm had planned to announce the Li i8 on Thursday but moved the release forward by two days because Xiaomi is slated to release its SU7 Ultra EV as well as a new Ultra smartphone on the latter date. EV makers in China, the world's largest market for battery-powered cars, are intensely competitive, with domestic players enjoying the benefits of lower production costs. According to Boston Consulting Group, battery electric vehicles (BEVs) made up 27% of the market share of automobiles sold in China last year, versus 13% in Europe and 8% in the U.S. Li Auto competes in China with homegrown firms Nio (NIO), BYD, and XPeng (XPEV), as well as Elon Musk's Tesla (TSLA). Li Auto didn't respond to an Investopedia request for comment. Its shares are down by almost 25% in the past 12 months entering Tuesday's session. Read the original article on Investopedia Sign in to access your portfolio
