Running discussion on SP, page-58805

Back to normality tomorrow.

Let’s not forget lithium ain’t going anywhere but up!

As,

Nissan plans to spend $17.6 billion on battery-powered vehicles over 5 years

Plan for half its vehicles sold to be hybrid or pure EVs by 2030

The company hopes to recapture some of the prominence it formerly held in the electric-vehicle race after its pioneering introduction of the Leaf EV more than a decade ago.

Investors have given a boost to the share prices of car companies that are betting big on EVs, including relative newcomers such as Tesla Inc. and industry stalwarts like Ford Motor Co. and Volkswagen AG

In its strategy released Monday, Nissan said that by 2030, half of its vehicles sold would be powered at least partly by batteries.

That matches similar targets made by rivals in the U.S. and Europe earlier this year.

www.marketwatch.com

Li Auto stock surges toward a 5-month high after big revenue beat, deliveries nearly tripled

Shares of Li Auto Inc. shot up 7.8% toward a five-month high in premarket trading Monday, after the China-based electric vehicle maker reported third-quarter revenue that rose well above expectations as deliveries nearly tripled, as "strong order intake and users' rising acceptance of smart electric vehicles" helped offset headwinds from chip supply shortages.

Tesla’s Giga Press Is Almost Operational. The Stock Is Energized.

A new Tesla giga press—a diecasting machine that promises to upend automotive manufacturing—is almost ready to go.

The German automotive news outlet Automobilwoche reported Monday that Tesla’s new manufacturing facility in that country will start production in December.

Tesla currently manufactures cars in two plants: One in Fremont, Calif. and another in Shanghai China.

Plants in Germany and Texas are about to come online, essentially, doubling Tesla’s capacity to roughly 2 million units a year.

Tesla is expected to delivery about 900,000 vehicles in 2021, up from about 500,000 in 2020.

Next year, Wall Street expects 1.3 to 1.4 million vehicle deliveries.

The company will need its new capacity.

Chief Financial Officer Zachry Kirkhorn explained to investors on the company’s third-quarter earnings conference call that the first goal is to get a plant producing about 5,000 vehicles a week.

From there the goal is to hit about 10,000 a week which implied about 500,000 vehicles produced a year at each plant.

Dow futures shoot higher following Friday’s omicron-sparked selloff

www.marketwatch.com

















It's all there in plain sight in Black & White, right Bro

BIG Future for Congo Mine

Developing the World's Largest Hard Rock Lithium Project