The EV Future Is Getting Shaped By The Power Of Strategic Alliances
Portfolio Pulse from Upwallstreet
Stellantis N.V. (NYSE:STLA) unveiled its new EV platform, while Toyota Motor (NYSE:TM) promised to halve battery cost and size. Worksport Ltd (NASDAQ:WKSP) announced a strategic partnership to secure federal grants. Panasonic Holdings Corporation (OTC:PCRFY), a Tesla Inc (NASDAQ:TSLA) supplier, plans to build four more battery plants.
July 06, 2023 | 4:51 pm
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POSITIVE IMPACT
Panasonic plans to build four more battery plants, which could increase its production capacity.
The plan to build four more battery plants could increase Panasonic's production capacity, potentially driving up its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stellantis unveiled its new EV platform, which could boost its position in the EV market.
The unveiling of the new EV platform could attract more investors and customers to Stellantis, potentially driving up its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Toyota promised to halve battery cost and size, which could make its EVs more competitive.
Toyota's promise to halve battery cost and size could make its EVs more affordable and attractive to consumers, potentially driving up its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Worksport announced a strategic partnership to secure federal grants, which could provide it with additional funding.
The strategic partnership could provide Worksport with additional funding, potentially driving up its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla's position as the EV king could be threatened by the strategic alliances of its rivals.
The strategic alliances of Tesla's rivals could threaten its position in the EV market, potentially driving down its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80