Streetbeat News

VWAGY

Volkswagen AG

https://www.volkswagenag.com/

Open

9.14

Mkt cap

45B

Volume

40K

High

9.14

P/E Ratio

3.53

52-wk high

16.48

Low

9.08

Div yield

0.12

52-wk low

8.83

ON Semiconductor Corporation (NASDAQ:ON) has signed a multi-year agreement with Volkswagen Group (OTC:VLKAF, OTC:VWAGY) to supply advanced EV solutions, leading to a 3.06% increase in ON's stock price. The deal includes providing a power box solution for Volkswagen's next-generation traction inverter. ON Semiconductor's new silicon carbide plant in the Czech Republic will enhance supply chain efficiency. Investors can gain exposure to ON stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) and Return Stacked Bonds & Managed Futures ETF Veridien Climate Action ETF (NYSE:CLIA).

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 12:19 pm

Onsemi has signed a multi-year deal with Volkswagen to supply silicon carbide-based solutions for their vehicle lineup. This includes an integrated module compatible with all vehicle categories. Volkswagen will also benefit from Onsemi's planned expansion of silicon carbide manufacturing in the Czech Republic.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:08 am

Xpeng Inc (NYSE:XPEV) and Volkswagen AG (OTC:VWAGY) have announced a partnership to develop a new EV architecture, with project houses set up in Guangzhou and Hefei, China. The collaboration aims to start production by 2026, equipping all Volkswagen EVs in China with the new architecture. This partnership comes amid geopolitical tensions and market challenges for Chinese EV stocks.

Portfolio Pulse from Benzinga Neuro

July 22, 2024 | 2:48 am

XPeng Inc (NYSE:XPEV) shares are trading lower in the premarket session due to reports of potential U.S. chip sale restrictions on China. Despite this, XPeng's partnership with Volkswagen is progressing, with significant collaboration in EV technology. Volkswagen plans to invest $700 million in XPeng and co-develop two EV models. XPeng's G6 model also made its U.K. debut recently.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 1:17 pm

EU nations are divided over the imposition of tariffs on Chinese electric vehicles (EVs). The European Commission has imposed provisional tariffs of up to 37.6% and is considering input from member states. France, Italy, and Spain support the tariffs, while Germany, Finland, and Sweden abstained. The Commission may consider reduced tariffs for BMW and Volkswagen models made in China.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 6:16 pm

The European Commission has indicated to BMW and Volkswagen that it may reconsider tariffs on their China-made electric vehicles (EVs), according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:46 pm

Volkswagen's subsidiary Porsche is accelerating its shift to electric vehicles by ending the production of some internal combustion engine models earlier than planned. This move follows Volkswagen's recent $5 billion investment in Rivian Automotive, a competitor to Tesla. Porsche will discontinue petrol-powered versions of its Macan SUV and 718 sports cars to focus on electric versions.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 9:57 am

The article highlights key events in the electric vehicle (EV) sector for the week ending July 5, with notable advancements for Tesla, Rivian, Canoo, Ford, and Nio. Tesla's stock surged due to better-than-expected deliveries, while Rivian exceeded its delivery forecast. Canoo secured new orders, and Ford reported strong Q2 EV sales. Nio's CFO announced his departure.

Portfolio Pulse from Shanthi Rexaline

July 06, 2024 | 3:13 pm

General Motors (GM) shares are trading lower after the company agreed to retire 50 million metric tons of greenhouse gas credits and pay a $145.8 million penalty for excess CO2 emissions. The EPA investigation revealed excess emissions from 5.9 million GM vehicles from 2012-2018. GM will also cancel over 30.6 million fuel economy credits for 2008-2010 model years. The stock has gained over 19% in the past 12 months.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 5:04 pm

Rivian has announced that it has no plans to partner on hardware or produce vehicles with Volkswagen Group as part of a joint venture.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:20 pm

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