Today's News From The EV And Automotive Universe
Portfolio Pulse from Upwallstreet
Fisker is adopting the North American Charging Standard (NACS) to gain access to Tesla's charging technology and infrastructure. Worksport Ltd reported a YoY revenue growth for Q2 2023, with U.S. revenue rising 3,567% YoY to $199,851. Worksport is also preparing to launch its SOLIS solar cover and COR portable battery, with Hyundai Motor Company integrating a customized version into its 2024 Santa Cruz pickup. Tesla continues to lower prices to boost volume and market share, despite a drop in operating margin to 9.6%.
August 15, 2023 | 3:24 pm
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Tesla's charging technology is being adopted by Fisker, and the company continues to lower prices to boost volume and market share, despite a drop in operating margin.
The adoption of Tesla's charging technology by Fisker is a positive sign, indicating the strength and appeal of its technology. However, Tesla's strategy of lowering prices to boost volume and market share could impact profitability, as evidenced by the drop in operating margin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hyundai Motor Company is integrating a customized version of Worksport's SOLIS solar cover and COR portable battery into its 2024 Santa Cruz pickup.
Hyundai's decision to integrate Worksport's SOLIS solar cover and COR portable battery into its 2024 Santa Cruz pickup indicates a positive collaboration and potential for increased sales.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Worksport Ltd reported a YoY revenue growth for Q2 2023, with U.S. revenue rising significantly. The company is also preparing to launch its SOLIS solar cover and COR portable battery.
The significant YoY revenue growth reported by Worksport, along with the upcoming launch of its SOLIS solar cover and COR portable battery, indicates strong business performance and potential for future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100